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First Eagle launches $1.52 billion, UPC $1.6 billion and €500 million
New York, Oct. 10 – Two substantial deals launched in the leveraged loan primary market on Tuesday and several other new transactions were announced – every one of them to reprice or refinance existing debt.
In the day’s biggest deal, UPC Financing Partnership and UPC Broadband Holding BV held a conference call for a $1.6 billion term loan AR due Jan. 15, 2026 and a €500 million term loan AS due Oct. 15, 2026.
Proceeds will be used to refinance an existing loan.
Meanwhile 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+), also with a call for lenders.
Among the new deals announced, Fairmount Santrol, Inc. plans to launch a $700 million seven-year first lien term loan (B3/B-) at a bank meeting on Oct. 12, Infiltrator Water Technologies, LLC announced a proposed repricing of its $339 million term loan B due May 2022 and Jack’s Family Restaurants and Big Jack Holdings LP will launch a repricing of their $267 million term loan B (B3/B) on Wednesday.
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