Help at Home shifts $130 million add-on term loan to delayed-draw

By Sara Rosenberg

New York, March 7 – Help at Home LLC changed its fungible $130 million add-on term loan due 2027 to a delayed-draw tranche available through May 15 from a funded tranche and revised the original issue discount to 97.09 from 97.01, according to a market source.

The add-on term loan now has a ticking fee of SOFR plus the margin starting on day 31, the source said.

Pricing on the add-on term loan remained at SOFR+CSA plus 500 basis points with a 1% floor.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Jefferies LLC is the left lead arranger on the deal.

Recommitments were scheduled to be due at 5 p.m. ET on Tuesday, the source added.

Proceeds will be used to repay revolving credit facility borrowings and for general corporate purposes.

Help at Home is a Chicago-based provider of home care and support to the elderly and people with disabilities in their homes and community-based settings.

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