Paysafe shops term loan B-1 amendment to transition to SOFR

By Sara Rosenberg

New York, March 30 – Paysafe is seeking an amendment to shift its term loan B-1 to SOFR from Libor and add 10 basis points CSA, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

The amendment deadline is noon ET on Friday, the source added.

Paysafe is a London-based specialized payments platform.

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