Investors have received allocations of Kestra Financial Inc.'s $50 million fungible add-on to its covenant-lite first-lien term loan due June 2026 (L+425, 0% Libor floor) that priced at the midpoint of talk at 99.75 via sole lead arranger UBS, according to sources. Proceeds will be used for general corporate purposes. Kestra Financial, backed by Warburg Pincus, provides advisory and financial advisory services to independent financial professionals. Terms:
| Borrower | Kestra Advisor Services Holdings A Inc. (DE) |
| Issue | $50 million fungible add-on first-lien term loan |
| UoP | GCP |
| Spread | L+425 |
| Libor floor | 0% |
| Price | 99.75 |
| Tenor | June 2026 |
| YTM | 4.62% |
| Four-year yield | 4.64% |
| Call protection | None |
| Corporate ratings | B/B3 |
| Facility ratings | B/B3 |
| Recovery ratings | N/A |
| Financial covenants | None |
| Admin agent | UBS |
| Px Talk | L+425/0%/99.5-100 |
| Sponsor | Warburg Pincus/Stone Point Capital |
| Notes |