Dynacast International has allocated $750 million in first- and second-lien loans to fund its acquisition by two private-equity sponsors.
The first- and second-lien tranches of a $430 million buyout loans proposal from Charter NEX Films has reverse flexed under final terms, according to reports, with lender commitments due end of day Thursday.
A seven-year, $410 million first-lien term loan B was priced at Libor plus 425 bps with a 99.5 cents on the dollar original issue discount, per reports. A $150 million second-lien loan, maturing in 2023, has a final margin of Libor plus 825 bps with a 99-cent OID.
JPMorgan heads a bookrunner group that is backing $3 billion in loans and notes for CommScope, which is acquiring the network business solutions business of TE Connectivity. A $1.5 billion term loan B offering was launched Thursday by CommScope.
Five corporate borrowers with syndicated loan issues totaling $2.1 billion have allocated this week, according to KDP Investment Advisors, including a $600 million buyout loan offer that Presidio Inc. was able to close after pulling out of plans for a companion high-yield bond issue this week.
Lender commitments have been extended to Wednesday for a $925 million loans proposal that trading communications firm IPC Corp. finalized this week with an upward price flex and reduced tenor favorable to investors.
Global e-commerce and payment processing firm Digital River Inc. has launched a $345 million loan proposal that will help fund its acquisition by private equity sponsor Siris Capital
After initial discussions with lenders in New York today, price talk is ranging from 450 to 475 bps over both Libor and Euribor rates for a 1.97 billion euro-equivalent seven-year term loan and a 300 million, five-year revolver. The term loan will be divided into currently unspecified Euro- and U.S. dollar-denominated tranches.
TransFirst Holdings has shifted some borrowings to the first-lien tranche of its $1.02 billion loan package which had final terms that priced at talk on Monday.
Toms Shoes came to final terms on an upsized $366.5 million loan proposal, after tightening the discount being offered for first-lien facilities that will be used to fund a 50% acquisition of the company by Bain Capital.