VXI Global launches $615 million term loan B at SOFR plus 475 bps

By Sara Rosenberg

New York, April 12 – VXI Global Solutions launched on Tuesday its $615 million seven-year term loan B (B3/B) with price talk of SOFR+10 basis points CSA plus 475 bps with a 0.5% floor and an original issue discount of 97 to 97.5, according to a market source.

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

BofA Securities Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. are the leads on the deal.

Commitments are due at noon ET on April 26, the source added.

Proceeds will be used to help fund the buyout of the company by Bain Capital from Carlyle Group.

VXI is a Los Angeles-based provider of customer care and customer experience solutions.

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