Thryv launches $350 million term loan B at SOFR plus 700 bps

By Sara Rosenberg

New York, April 11 – Thryv Inc. launched on Thursday its $350 million five-year term loan B (B3) with price talk of SOFR plus 700 basis points with a 1% floor and an original issue discount of 98, according to a market source.

The term loan has soft call protection of 102 in year one and 101 in year two, a maximum total net leverage ratio covenant of 3x and a minimum LQA SaaS revenue covenant.

Citizens Bank is the lead arranger and administrative agent on the deal.

Commitments are due at 5 p.m. ET on April 24, the source added.

Proceeds will be used to refinance existing debt, including the company’s term loan B due 2026.

Thryv is a Dallas-based software and marketing services company.

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