Aldevron, Peabody, Advanced Computer, Howden, CoAdvantage, Dell, Sensata, ESH set talk

By Sara Rosenberg

New York, Sept. 5 – In the primary market on Thursday, Aldevron LLC, Peabody Energy Corp., Advanced Computer Software Group Ltd., Howden, CoAdvantage (AQ Carver Buyer Inc.), Dell Technologies, Sensata Technologies Inc., Extended Stay America Inc. (ESH Hospitality Inc.) and OEConnection LLC disclosed price talk with launch.

Aldevron launched its $740 million seven-year covenant-lite first-lien term loan B (B1/B) at talk of Libor plus 400 basis points to 425 bps.

Peabody Energy launched its $900 million seven-year term loan B (BB+) at talk of Libor plus 300 bps to 325 bps.

Advanced Computer released talk of Libor plus 425 bps to 450 bps with a 25 bps step-down at 4.5x first-lien net leverage for its $407 million seven-year covenant-lite first-lien term loan B.

Howden launched its $925 million seven-year covenant-lite term loan B with talk of Libor plus 425 bps to 450 bps.

CoAdvantage released price talk on its $325 million seven-year first-lien loan and $130 million eight-year second-lien loan. First-lien term loan talk is Libor plus 450 bps and second-lien term loan talk is Libor plus 850 bps.

Furthermore, Del Frisco’s Restaurant Group Inc., Vungle Inc., CPI International Inc. (Communications & Power Industries), ALKU LLC and Wells Enterprises Inc. hopped onto the near-term calendar.

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