HireRight launches $700 million term loan at SOFR plus 425 bps

By Sara Rosenberg

New York, Sept. 14 – HireRight Holdings Corp. held a lender call at 3 p.m. ET on Thursday to launch a $700 million five-year first-lien term loan that is talked at SOFR plus 425 basis points with a 0% floor and an original issue discount of 98 to 98.5, according to a market source.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Goldman Sachs Bank USA, RBC Capital Markets and SPC Capital Markets are the arrangers on the deal.

Commitments are due on Sept. 21, the source added.

Proceeds will be used to refinance the company’s first-lien term loan due July 2025.

HireRight is a Nashville-based provider of technology-driven workforce risk management and compliance solutions.

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