Leveraged Loans

CommScope Offering $2B Senior Notes

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.

Wendy’s Can’t Match Dunkin Brands In Whole Business Securitization

Wendy’s 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.

Restaurant Brands Offers $1.25B in HY Mart

Proceeds from the seven-year notes will be used to repay a nearly $1.55 billion outstanding first lien term loan facility.

GE Capital's PE Lending Unit Said to Attract New Bidders in Blackstone & KKR

Blackstone and Kohlberg Kravis Roberts & Co. LLP are among the potential buyers expected to make offers on General Electric’s GE Capital Sponsor Finance Group.

Fifth Street Hires CLO Pro David Heilbrunn

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 Sets $450M Notes Offer

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.

Physio-Control Looks to Place $480M Loan

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 Prices Notes, Amends Loan

Zayo Group has priced $350 million of senior notes and extended the maturity of its existing $2 billion term loan.

Staples Terms Flexed In $6.75B Loan Closing

Staples has closed on a $6.75 billion loan package that flexed for a second time Wednesday prior to allocation, according to reports.

Rep. Barr Plans Bill Easing Bite of Risk Retention for CLOs

It would create a “qualifying CLO” exemption to risk retention for collateralized loan obligations that meet certain criteria.


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David Heilbrunn

Managing Director

Firm: Fifth Street Asset Management

In the news: Fifth Street Hires CLO Pro David Heilbrunn

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