Leveraged Loans

LSTA: No “Practical Benefits” From Barr Bill Passage

The Loan Syndications and Trading Association stated it welcomed Thursday’s passage of a U.S. House bill that would effectively exempt older CLOs from Volcker Rule treatment, but the trade group was “doubtful” there will be any industry gains from the measure

Service King Narrows Discount, Adds Step-Down to Loans

The Dallas-based collision repair center operator’s proposal was priced at Libor plus 375 bps, after initial talk of 375 to 400 bps over Libor, as well as an original issue discount that was narrowed to 99.5 cents on the dollar from 99 cents.

Sensis Set for $450M Loan Allocation

Sensis, an Australian telephone directory publisher, is expected to complete an upsized $450 million term loan offering that will be used to refinance existing debt and fund a dividend to shareholders, according to sources and ratings agency reports.

Pilot Sets Price Talk on $4.45B Loans Proposal

Talk on the borrowings is Libor plus 325 bps, with a 99.5 cents on the dollar original issue discount. The funds will be used for refinancing and issuing a shareholder dividend.

Price Talk Emerges for Zebra Technologies

Price talk has emerged for a $2.25 billion loans package for Zebra Technologies, which is using the proceeds along with a $1.25 billion secured notes proposal to fund an business-unit acquisition from Motorola Solutions.

Investors Take $1.2B Out of HY Funds

Investors took more than $1 billion out of junk bonds for the week. Loan funds also saw an increase in weekly outflows.

Aecom Taps HY Market for $1.6B

Aecom sold $1.6 billion in bonds to help it finance its $6 billion acquisition of URS Corp. The offering is part of a larger, $6.3 billion debt effort.

Capstone Launches $277.5M in Loans

Capstone Logistics, a provider of outsourced logistics and freight handling services for food and grocery distribution centers, is heading to market for discussions on a proposal for $277.5 million in loans to fund its buyout by private equity sponsor The Jordan Co.

Price Talk Emerges for Micro Focus Term Loan Launch

Micro Focus International has set price talk for $2 billion loans offering it is proposing to fund a merger with the U.S.-based software firm Attachmate Group, according to sources.

Aecom Tightens Pricing After Downsized Loan

Aecom Technologies has shifted $75 million between a pair of resized term loan offerings, as part of its overall $6.3 billion debt offering it is using to help finance its acquisition of URS Corp.


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