Consilio launches $370M add-on term loan for M&A; commitments due Nov. 23

Consilio LLC has launched a $370 million add-on first-lien term loan through a Credit Suisse-led arranger group that will be used to finance a tuck-in acquisition, according to sources. A lender call is scheduled for today at 2 p.m. ET, and commitments are due by 5 p.m. ET on Nov. 23.

The add-on is offered at 99-99.25 and will be fungible with the existing first-lien term loan due May 2028 that is priced at L+400, with a 0.5% Libor floor. At talk, the yield to maturity is 4.72%-4.77%. Note that the 101 soft call protection will be reset for six months with this transaction.

Facility ratings are B-/B2, with a 3 recovery rating from S&P Global Ratings, and corporate ratings of B-/B3, with stable outlooks. GI Consilio Parent LLC is the borrower.

The existing first-lien term loan was issued in April to back the acquisition and merger of Consilio and Xact Data Discovery by Stone Point Capital and Aquiline Capital Partners. Another $160 million was tacked on in September for an acquisition, bringing the total outstanding at the time to approximately $1.17 billion. Consilio also has a privately placed $300 million second-lien term loan due 2029 as well as a $75 million revolver due 2026.

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