Edgewater, Inmar set pricing; FastMed to launch $525 million term loans on Thursday

By Paul A. Harris

Portland, Ore., Jan. 22 – In the Tuesday leveraged loan session Edgewater Generation set pricing for a $100 million incremental covenant-light first-lien term loan due Dec. 13, 2025 (Ba3/BB).

The deal features a 375 basis points spread to Libor and a 0% Libor floor, the same as the existing loan. Discount talk is 98.50.

Inmar, Inc. set price talk on its $415 million incremental, fungible covenant-light first-lien term loan due May 1, 2024 (B1/B).

The deal is talked with a 400 bps spread to Libor atop a 1% Libor floor at 98.

And FastMed Urgent Care set a bank meeting at 10 a.m. ET Thursday to launch $525 million of term loan debt.

StandardAero Aviation Holdings Inc. (Dynasty Acquisition Co. Inc.) moved up timing on its $2,145,000,000 seven-year covenant-light first-lien term loan.

Commitments are due noon ET on Wednesday. Books had previously been scheduled to remain open until Friday.

Meanwhile the daily cash flows of the dedicated bank loan funds were negative on Friday, the most recent session for which data was available at press time, a trader said.

The dedicated loan funds sustained $130 million of outflows on Friday, the source said, adding that of that amount $99 million flowed from the bank loan ETFs.

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