Azelis revised a loans proposal Tuesday by reducing its size and eliminating a second-lien tranche as price talk emerged on the cross-border facility that will be used to finance its acquisition of a U.S. firm.
Diamond Resorts prices and allocates its $150M add-on facility that is raising funds for general corporate purposes.
Issuance in the U.S. CLO market this year fell short in comparison to 2014 totals and the trend is expected to continue into 2016, Wells Fargo Securities senior analyst David Preston said in a recent report.
PLZ Aeroscience has launched a $155 million incremental term loan proposal to help fund a recent pair of acquisitions.
Business development company Capital Southwest Corp. and principal investment firm Main Street Capital Corp. have access to new capital for its joint venture I-45 SLF LLC.
Tierpoint, a provider of data center, managed hosting and cloud services, tightened the final margins on a $420 million first- and second-lien loan proposal with commitments due today.
According to reports, the $325 million term loan B and $50 million revolver, which are to fund the gas-fired power plants $490 million sale to The Carlyle Group, had final terms of 475 bps over Libor with a 98.5 cents on the dollar original issue discount.
Hawaiian Telcom Communications on Monday became second corporate borrower this month and the 25th on the year to pull a loan from the spec-grade market due to poor market conditions for syndication, according to reports.
The energy company's lenders have cut the borrowing base for its revolving credit facility to $700 million from $750 million.
Data center operator Equinix has set talk on a $700 million term loan B, just days after it drove by the bonds market with a $1.1 billion unsecured notes offering.