Doosan Bobcat launches $1.24 billion; Delos Finance, Cypress Semiconductor bring repricings

By Paul A. Harris

Portland, Ore., Feb. 26 – The technical tailwind in the bank loan market found investors marking loan prices higher on Monday, a trader said.

The W.R. Grace & Co. term loan B was par 1/8 bid, up from the 99 7/8 issue price.

The daily cash flows of the dedicated bank loan funds were positive at $86 million on Friday, the most recent session for which data was available at press time.

In an active new issue market Doosan Bobcat disclosed plans to launch a $1,235,000,000 term loan B on a Tuesday lender call.

And Delos Finance Sarl along with Cypress Semiconductor Corp. came with repricing deals.

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