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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Credit Suisse Agents $425MM Credit Facility for Blucora
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Lenders/Participants
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Credit Suisse Bank [Administrative Agent, Lead Arranger]
Key Bank [Joint Lead Arranger, Joint Bookrunner]
SunTrust Robinson Humphrey [Joint Lead Arranger, Joint Bookrunner]
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Structure
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$50MM Revolver; $375M Senior Term Loan
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Amount
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$425.000
Million
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Borrower(s)
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Blucora, Inc.
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Description
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New credit facility that includes significantly improved terms and extended maturity dates relative to its previous term loan facility. The new $425 million credit facility consists of a $375 million senior secured term loan and a $50 million revolving credit facility that will mature in 2024 and 2022, respectively. The pricing of the term loan will be LIBOR plus 3.75%, 225 basis points less than the rate applicable to the Company's previous term debt. Initial funding from the new term loan will be used to repay the TaxAct - HD Vest 2015 credit facility, redeem Blucora's convertible senior notes outstanding on June 5, 2017, and pay related fees and expenses associated with the new credit facility. Remaining proceeds, if any, may also be used for general corporate purposes.
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Industry
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Technology
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| Related Tags |
Credit Suisse, Key Bank, SunTrust Robinson Humphrey
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ABL Advisor
Deal Tables
2024
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