Dun & Bradstreet wraps $460M term loan at tight end of talk; terms

Investors have received allocations of the $460 million, seven-year incremental term loan B due for Dun & Bradstreet Holdings Inc. that priced at the tight end of talk at an original issue discount of 99.25 via a BofA Securities-led arranger group, according to sources. The loan finalized at a spread of 325 basis points over the secured overnight financing rate, with a 0% floor. There is also a 25-basis-point margin step-down when corporate credit ratings are at least B+/B1. The loan entered the aftermarket at a 99.5/99.875 level. Proceeds will be used to redeem the company's 6.875% senior secured notes due August 2026, to pay the related call premium and to add cash to the balance sheet for general corporate purposes. Dun & Bradstreet provides commercial data and analytics products and services.

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