Canister, Chesapeake Energy, JBS, Herbalife, Walker & Dunlop, Cabot float price talk

By Sara Rosenberg

New York, Dec. 4 – In the primary market on Wednesday, Canister International Group Inc. and Chesapeake Energy Corp. released price talk on their term loans with launch, and JBS USA Lux SA, Herbalife Nutrition Ltd., Walker & Dunlop Inc. and Cabot Microelectronics Corp. approached lenders with repricing transactions.

Specifically, talk on Canister’s $445 million seven-year covenant-lite first-lien term loan was announced at Libor plus 500 basis points to 525 bps with a 0% Libor floor and an original issue discount of 98.5.

The term loan has 101 soft call protection for six months.

The company’s $525 million of credit facilities (B2/B) also include an $80 million revolver.

Commitments are due at 5 p.m. ET on Dec. 17.

Chesapeake’s $1.5 billion 4.5-year secured first-lien last-out term loan is talked at Libor plus 800 bps with an original issue discount of 97 to 98.

The term loan is non-callable for 1.5 years, then at 105 and then at 102.5.

Commitments are due at noon ET on Monday.

Furthermore, AmWINS Group Inc., Berry Global Group Inc., Horizon Therapeutics plc and Everi Payments joined this week’s calendar.

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