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Ensono launches $75 million add-on term loan B at 99-99.5 OID
By Sara Rosenberg
New York, Dec. 7 – Ensono Holdings LLC launched on Tuesday its fungible $75 million add-on first-lien term loan B with original issue discount talk of 99 to 99.5, according to a market source.
Pricing on the add-on term loan is Libor plus 400 basis points with a 0.75% Libor floor, in line with existing term loan pricing.
KKR Capital Markets is the left lead on the deal.
Commitments are due on Dec. 15, the source added.
Proceeds will be used for acquisition financing.
Ensono is a Chicago-based hybrid IT services provider.
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