Consilio cuts spread on $200 million term loan to SOFR plus 450 bps

By Sara Rosenberg

New York, Aug. 10 – Consilio reduced pricing on its $200 million incremental first-lien term loan (B-) due 2028 to SOFR plus 450 basis points from SOFR plus 475 bps, according to a market source.

In addition, the original issue discount on the term loan was tightened to 98 from 97, the source said.

The term loan still has a 0.5% floor, CSA of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, and 101 soft call protection for six months.

KKR Capital Markets and Stone Point are the leads on the deal. Blackstone Credit will be a lead investor in the loan.

Recommitments were scheduled to be due at 2 p.m. ET on Thursday, the source added.

Proceeds will be used to fund the acquisition of Oxo, a provider of legal services.

Consilio is a Washington, D.C.-based provider of eDiscovery and document review solutions.

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