Vaco Holdings talks $600 million term loan at SOFR plus 525-550 bps

By Sara Rosenberg

New York, Jan. 7 – Vaco Holdings LLC launched on Friday its $600 million seven-year first-lien term loan with price talk of SOFR plus CSA plus 525 basis points to 550 bps with a 0.75% floor and an original issue discount of 99, according to a market source.

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

The term loan has 101 soft call protection for six months.

The company’s $640 million of credit facilities (B2/B) also include a $40 million five-year revolver.

Jefferies LLC, Antares Capital and KKR Capital Markets are the bookrunners on the deal.

Commitments are due at noon ET on Jan. 20, the source added.

Proceeds will be used to repay existing debt and make a shareholder distribution.

Vaco is a provider of staffing and consulting services.

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