Oct. 26 (Bloomberg) -- OpenLink Financial Inc.’s $340 million term loan backing Hellman & Friedman LLC’s acquisition of the company from Carlyle Group rose in initial trading, according to information provider Markit Ltd.
The six-year debt began trading at 99 cents on the dollar after being sold to investors at 98 cents, Markit said.
Credit Suisse Group AG arranged the loan with an interest rate of 6.25 percentage points more than the London interbank offered rate and a 1.5 percent floor on the lending benchmark, according to data compiled by Bloomberg.
The Uniondale, New York-based company also got a $50 million revolving line of credit, Bloomberg data show.
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