CPG, Brook + Whittle disclose price talk; Five Star, Paradigm, Mariner Wealth on deck

By Sara Rosenberg

New York, April 18 – In the primary market on Monday, CPG International LLC (AZEK) and Brook + Whittle (BW Holding Inc.) approached lenders with new loan transactions and released price talk.

CPG held a lender call on Monday, launching a $575 million seven-year term loan B (B1/BB-) at talk of SOFR+10 basis points CSA plus 250 bps to 275 bps with a 0.5% floor, an original issue discount of 98.5 to 99 and 101 soft call protection for six months, according to a market source.

Brook + Whittle held a lender call on Monday to launch fungible $126 million incremental first-lien term loan due December 2028 talked at SOFR+CSA plus 400 bps with a 0.5% floor, an original issue discount of 97.5 to 98 and 101 soft call protection for six months, a market source said.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Also, Five Star Holding, Paradigm (Outcomes Group Holdings Inc.) and Mariner Wealth Advisors joined this week’s new issue calendar.

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