Viad launches $321 million term loan B at SOFR plus 425-450 bps

By Sara Rosenberg

New York, April 17 – Viad Corp. was scheduled to hold a lender call at 2 p.m. ET on Wednesday to launch a $321 million term loan B due July 31, 2028 that is talked at SOFR plus 425 basis points to 450 bps 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 and no CSA, the source said.

BofA Securities Inc. is the left lead arranger on the deal.

Proceeds will be used to reprice an existing $321 million term loan B due July 31, 2028 down from SOFR+CSA plus 500 bps with a 0.5% floor. Current CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Signature pages are due at noon ET on Tuesday and commitments are due at 5 p.m. ET on Tuesday, the source added.

Viad is a Scottsdale, Ariz.-based provider of experiential leisure travel and live events and marketing experiences.

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