CS Talks Price on HarbourVest TL
November 2, 2012
Credit Suisse has established price talk on a $350 million term loan for private equity firm HarbourVest Partners, according to a person with knowledge of the transaction.
The loan, which will be used to refinance existing debt, is being talked at an interest rate of Libor plus 425 bps and a 1% Libor floor, according to this person. At that rate, the borrower is willing to accept an original issue discount of 99.5 cents on the dollar.