First Eagle launches $1.52 billion repricing at Libor plus 300 bps

New York, Oct. 10 – First Eagle Holdings, Inc. launched a repricing of its $1,523,000,000 senior secured term loan B due Dec. 1, 2022 (existing: Ba1/BB+) with a call for lenders on Tuesday, according to a market source.

The new repriced loan is talked at Libor plus 300 basis points with a 0.75% Libor floor, priced at par.

There is 101 soft call protection for six months.

Morgan Stanley Senior Funding, Inc., HSBC Securities (USA) Inc., Citigroup Global Markets Inc., Bank of America Merrill Lynch, NA and UBS Securities LLC are the leads.

Commitments are due on Oct. 17.

First Eagle is a New York-based asset management firm.

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