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MeridianLink talks $60 million incremental term loan at 99 OID
By Sara Rosenberg
New York, Sept. 12 – MeridianLink launched on Thursday its fungible $60 million incremental first-lien term loan with original issue discount talk of 99, according to a market source.
Pricing on the term loan is Libor plus 400 basis points with a 1% Libor floor.
Antares Capital and Golub Capital are the joint lead arrangers on the financing.
Commitments are due on Sept. 19, the source added.
The company’s existing first-lien term loan is sized at about $352 million.
MeridianLink is a Costa Mesa, Calif.-based provider of SaaS-based solutions to financial institutions that simplify loan decisioning, deposit/loan originations and workflow challenges. The company was formed by Thoma Bravo LLC in June 2018 via the combination of MeridianLink Inc. and CRIF Lending Solutions.
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