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SiteOne latest casualty of frosty primary; Integro modifies deal; XPO, Talen set launches
By Sara Rosenberg
New York, Oct. 8 – In the primary on Thursday, news emerged that SiteOne Holding LLC (formerly JDA Holding LLC) pulled its term loan from market as the opportunistic transaction was met with unfavorable conditions.
Additionally, Integro Ltd. revised its first- and second-lien term loan sizes, spreads, original issue discounts and call premiums, and XPO Logistics Inc. and Talen Energy Corp. joined the near-term new issue calendar.
XPO Logistics set a bank meeting for 2 p.m. ET in New York on Tuesday to launch a $1.75 billion senior secured term loan B, according to a market source.
Talen Energy scheduled a bank meeting for 11 a.m. ET in New York on Tuesday to launch a $400 million senior secured term loan B, according to a market source.
Computer Sciences Government Services Inc.’s (CSGov) proposed $1.25 billion seven-year term loan B is talked with 101 soft call protection for six months post-close, a market source remarked.
Also, the bank meeting for the term loan B, which was previously said to be targeted for Oct. 15, has firmed up for that date, the source continued.
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