Zayo, Curium term loans free to trade; Refresco revised; Polyconcept, TerraForm talk emerges

By Sara Rosenberg

New York, April 29 – Zayo Group Holdings Inc. and Curium BidCo Sarl finalized the original issue discounts on their term loans at the wide end of guidance, and then both of these deals broke for trading on Friday.

Zayo Group set the original issue discount on its non-fungible $750 million incremental sustainability-linked first-lien term loan (B2) due March 2027 at 97.5, the wide end of the 97.5 to 98 talk, according to a market source.

The incremental term loan is priced at SOFR plus 425 basis points with a 0.5% floor and has 101 soft call protection for six months.

Curium BidCo firmed the original issue discount on its fungible $335 million add-on first-lien term loan (B) due December 2027 at 98.75, the wide end of the 98.75 to 99 talk, a market source remarked.

Pricing on the add-on term loan is Libor plus 425 bps with a 0.75% Libor floor.

In more happenings, Refresco Group BV modified original issue discount talk on its euro term loan and accelerated commitment deadlines for all of its term loans.

Also, Polyconcept and TerraForm Power Operating LLC released price talk with launch, and Lightstone Holdco LLC joined the near-term primary calendar.

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