JPMorgan and Deutsche Bank reworked the deal to back the merger of Concerto Software with Aspect Communications Corp. last week. Pricing on the term loan and revolver were both dropped 25 basis points to LIBOR plus 2 1/2%. Also $50 million was shifted from the second lien to the term loan. The deal is now structured as a $50 million revolver and $475 million term loan "B" both priced at LIBOR plus 2 1/2% and a $200 million second lien priced at LIBOR plus 7 3/4%. Pricing on the second lien did not change. Lehman Brothers and Wells Fargo Foothills are also involved in the deal.
Based in Westford, Mass., Concerto makes call center systems that handle incoming and outgoing calls. Aspect is headquartered in San Jose, Calif. and also provides contact center solutions. When the acquisition closes, the new company will be called Aspect Software. It will be privately held by Concerto's investors, Golden Gate Capital, Oak Investment Partners and management (CIN, 9/2). Calls to the two companies were not returned.