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EmployBridge to launch $479 million term loan B repricing on Tuesday
New York, Oct. 1 – EmployBridge, LLC will launch a repricing of its $479 million covenant-light term loan B due April 2025 with a lender call set for 11 a.m. ET on Tuesday, according to a market source.
Credit Suisse is leading the transaction.
The repriced loan will be offered at par and have a Libor floor of 1%.
The 101 soft call protection will be reset for six months.
Current pricing on the loan is Libor plus 500 basis points.
Commitments are due by 12 p.m. ET on Oct. 10.
EmployBridge is an Atlanta-based provider of staffing services.
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