Access CIG completes $75M add-on term loan in line with talk; terms

Investors have received allocations of the $75 million incremental first-lien term loan (L+375, 0% Libor floor) for Access CIG LLC that priced in line with talk at an original issue discount of 99.27 via a Jefferies-led arranger group, according to sources. The term loan is fungible with the issuer's existing covenant-lite first-lien term loan due February 2025, which will now total approximately $1.024 billion pro forma for the add-on. Proceeds from the deal will be used to fund cash to the balance sheet to be used for M&A activity. Access CIG, backed by Berkshire Partners and GI Partners, provides records and information management products and services.

Terms: