Help at Home to launch $100 million incremental term loan on Tuesday

By Sara Rosenberg

New York, Jan. 22 – Help at Home LLC (HAH Group Holding Co. LLC) will hold a lender call at 9 a.m. ET on Tuesday to launch a fungible $100 million 2022-1/2023-1 incremental first-lien term loan due Oct. 29, 2027, according to a market source.

Jefferies LLC is the lead arranger on the deal.

Pricing on the incremental term loan is SOFR+CSA plus 500 basis points with a 1% floor, in line with existing term loan pricing.

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

Original issue discount talk on the incremental term loan is 99.25 to 99.5, the source said.

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

Commitments are due at noon ET on Friday, the source added.

Pro forma for the transaction, the term loan will total about $430.8 million.

Help at Home is a Chicago-based provider of home care services to complex chronic individuals.

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