ION Trading places $90 million, €50 million incremental term loans

By Sara Rosenberg

New York, Aug. 27 – ION Trading privately placed a fungible $90 million incremental first-lien term loan due April 2028 and a fungible €50 million incremental first-lien term loan due April 2028, according to a market source.

Pricing on the incremental U.S. term loan is Libor plus 475 basis points with a 0% Libor floor and a par issue price, and pricing on the incremental euro term loan is Euribor plus 425 bps with a 0% floor and a par issue price, the source said.

UBS Investment Bank led the deal.

Proceeds are being used for general corporate purposes.

ION Trading is a provider of trading automation, analytics and infrastructure to financial market participants.

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