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Alight launches $2.51 billion term loan B at SOFR plus 275 bps
By Sara Rosenberg
New York, Sept. 11 – Alight Inc. (Tempo Acquisition LLC) held a lender call at 12:30 p.m. ET on Monday to launch a $2.507 billion term loan B due Aug. 31, 2028 talked at SOFR plus 275 basis points with a 0.5% floor and a par issue price, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
BofA Securities Inc. is the arranger on the deal.
Commitments are due at 5 p.m. ET on Thursday, the source added.
Proceeds will be used to reprice an existing term loan B down from SOFR plus 300 bps with a 0.5% floor.
Alight is a Lincolnshire, Ill.-based provider of integrated, cloud-based human capital and business solutions.
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