| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Air Methods Corp. > News item |
Air Methods upsizes, as dealers make way for busy post-Easter week
By Paul A. Harris
Portland, Ore., April 13 – In the loan market Air Methods Corp. upsized its seven-year term loan B (B1/B+) to $1.13 billion from $1.07 billion as it shifted $60 million of proceeds to the loan from its concurrent high-yield bond deal.
Meanwhile dealers set bank meetings for the early part of the week ahead, promising another active week in the leveraged loan market.
NBG Acquisition Inc. finalized pricing on its $265 million seven-year covenant-light first-lien term loan (B1/B), according to a market source.
The deal is priced with a 550 basis points spread to Libor atop a 1% Libor floor at 98.
The spread comes wide of the Libor plus 500 bps spread talk. The offer price is cheap to price talk of 99.
Zest Holdings LLC set final terms on its $268 million term loan B due August 2023 (B3/B) at a 425 basis points spread to Libor atop a 1% Libor floor at 99.75.
The spread comes at the wide end of the Libor plus 400 bps to 425 bps spread talk. The reoffer price comes on top of price talk.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.