Precisely readies launch of $1.3 billion term loan for Thursday

By Sara Rosenberg

New York, Jan. 20 – Precisely, formerly known as Syncsort Inc., is scheduled to hold a lender call at 1 p.m. ET on Thursday to launch a $1,303,667,500 first-lien term loan due August 2024, according to a market source.

Jefferies LLC is the left lead arranger on the deal.

Proceeds will be used to reprice an existing $747,787,500 first-lien term loan and an existing $605.88 million incremental first-lien term loan.

Concurrently with the repricing, the company will voluntarily repay $50 million of the first-lien term loan borrowings.

Precisely is a Pearl River, N.Y.-based provider of data integrity software and data enrichment products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.