Price talk has emerged for the term loan portions of a $1.28 billion debt package proposed by C&J Energy Services Ltd., a firm whose recent merger with an oilfield services competitor will make it the fifth-largest global completion and production services provider.
The multi-tranche loan package includes a $475 million first-lien facility with price talk of Libor plus 475 bps and a 99 cents on the dollar original issue discount, per KDP. A $200 million second-lien loan has talk of Libor plus 850 bps with a 98-cent OID.
Survey Sampling International (SSI) is seeking lenders for $312 million in first- and second-lien loan facilities, nearly a week after Shelton, Conn.-based data collection and analytics company signed a major investment agreement with private equity firm HGGC.
Sonneborn LLC, a manufacturer of refined hydrocarbons, has launched a $280 million loan proposal to fund a dividend, according to KDP Investment Advisors and reports.
The finance arms of UK chemicals firm Ineos Group Holdings have come to final terms of a $365.6 million amend-and-extend on an existing term loan, according to sources.
RentPath, an online rental housing classified ad provider, is proposing a $725 million loan package for a buyout of a nearly 50% stake in the online rental housing classified ad provider by Providence Equity Partners, according to Moodys Investors Service.
High yield bonds had a fourth consecutive week of net inflows from investors, while loans had n 18th consecutive week of net investor withdrawals from bank loan mutual funds and exchange traded funds.
Packers Holdings LLC, a holding firm for a food sanitation company being acquired by Leonard Green & Partners, has launched a $355 million first-lien term loan, according to KDP Investment Advisors
Specialty lender Oxford Finance is preparing a collateralized loan obligation backed exclusively by loans to life science and healthcare companies, according to Kroll Bond Rating Agency.
U.S. TelePacific Corp., a telecommunications provider to businesses in California and Nevada, on Monday launched a $505 million first-lien loan offering, according to KDP Investment Advisors.
Firm: Monroe Capital