Hickory, N.C.-based CommScope will sell $2 billion to junk bond investors in a two-tranche deal to help finance its acquisition of Broadband Network Solutions, a business of TE Connectivity Ltd.
Wendys Company's this week priced a $2.275 billion securitization of its franchise fees via WEN Series 2015-1. While its yields may be slightly higher than similar tranches of the previous whole business securitization by Dunkin Brands in January, but its whole business deal is still less expensive than the single-B rated company's corporate debt.
Proceeds from the seven-year notes will be used to repay a nearly $1.55 billion outstanding first lien term loan facility.
Blackstone and Kohlberg Kravis Roberts & Co. LLP are among the potential buyers expected to make offers on General Electrics GE Capital Sponsor Finance Group.
He brings over 27 years of structured finance and business development experience to the role. At Fifth Street, he will focus on growing the firm's structured credit platform.
Sterigenics-Nordian Holdings has followed a recent $1.2 billion loans proposal with a new $450 million bonds offering Wednesday that will help fund the majority-stake purchase made by sponsor Warburg Pincus.
Redmond, Wash-based Physio-Control is proposing a new $350 million first-lien term loan and a $130 million second-lien loan that will be used to refinance debt and add new incremental debt to fund a dividend to private equity sponsor Bain Capital.
Zayo Group has priced $350 million of senior notes and extended the maturity of its existing $2 billion term loan.
Staples has closed on a $6.75 billion loan package that flexed for a second time Wednesday prior to allocation, according to reports.
It would create a qualifying CLO exemption to risk retention for collateralized loan obligations that meet certain criteria.