Jaggaer gets $50 million incremental first-lien term loan

By Sara Rosenberg

New York, Jan. 4 – Jaggaer obtained a fungible $50 million incremental first-lien term loan, according to a market source.

Golub Capital was the left lead arranger on the deal. UBS Investment Bank is the administrative agent.

Pricing on the term loan is Libor plus 400 basis points with a 0% Libor floor.

Pro forma for the transaction, the first-lien term loan totals $624 million.

Jaggaer, a Cinven portfolio company, is a Research Triangle Park, N.C.-based cloud-based suite of SaaS solutions to help corporations track, manage and control vendor expenses.

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