Westinghouse talks $550 million term loan at SOFR plus 375 bps

By Sara Rosenberg

New York, May 17 – Westinghouse (Brookfield WEC Holdings Inc.) is talking its $550 million incremental term loan due August 2025 (B2/B) that launched with a lender call on Tuesday at SOFR plus 375 basis points with a 0.5% floor and an original issue discount of 97, according to a market source.

BMO Capital Markets, Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, RBC Capital Markets, BNP Paribas Securities Corp., Barclays, Credit Agricole and Deutsche Bank Securities Inc. are the leads on the deal.

Commitments are due on May 23, the source added.

Proceeds will be used to help fund the acquisition of BHI Energy Inc.

Westinghouse is a Cranberry Township, Pa.-based provider of infrastructure services to the nuclear power sector.

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