Dayforce readies launch of $650 million term loan B for Monday

By Sara Rosenberg

New York, Feb. 9 – Dayforce is scheduled to hold a lender call at 2 p.m. ET on Monday to launch a $650 million seven-year term loan B, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

The term loan has 101 soft call protection for six months, the source said.

Commitments are due at noon ET on Feb. 16, the source added.

Proceeds will be used to refinance an existing $644 million term loan B due April 2025 and for general corporate purposes.

Dayforce, formerly known as Ceridian HCM Holding Inc., is a Minneapolis-based provider of human resources software and services.

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