Inc Research has revised talk downward on its $525 million loans proposal that is slated to refinance existing debt, according to reports.
Carrizo Oil & Gas priced an upsized $300 million of 7.5% senior notes due 2020, $50 more than the $250 million that it was originally seeking.
Crestline Investors, an alternative investment manager, has partnered with Denali Capital, a specialist in broadly syndicated commercial loans, to expand a collateralized loan obligation platform
Proceeds will be used to refinance all of the paperboard companys existing $250.0 million aggregate principal amount of 7.875% senior notes due 2018.
Price talk has emerged for $593 million loan package from Pabst Blue Ribbons parent firm to fund the companys buyout by a group of investors including Great American Brewing Company and TSG Consumer Partners.
Norwegian Cruise Lines is promising a new $500 million term loan B and a $450 million add-on to an existing term loan A to help finance its $3.03 billion acquisition of Prestige Cruises International, the parent firm of Oceania Cruises Inc. and Seven Seas Cruises S. DE R.L.
Media holding company Block Communications is proposing a $225 million first-lien term loan that will be used toward financing its pending acquisition of MetroCast cable television services, according to Moodys Investors Service.
Unlike residential mortgages, commercial mortgages and even auto loans, there is no carveout for below-investment grade corporate loans that meet specific criteria.
Proceeds will be used to repay all of an existing $250 million unsecured term loan and a portion of the $850 million of outstanding borrowings under its new $1.3 billion senior unsecured revolving facility.
Caesars Entertainment announced today that it has entered negotiations with its first-lien bank loan holders for new terms to reduce some of the $20 billion debt throughout the companys subsidiary operations. This action follows talks that Caesars began a month ago with bondholders of the unsecured debt holdings of its Caesars Entertainment Operating Co. (CEOC).