Leidos Innovations launches $1.12 billion repricing; Coronado Australia sets talk

By Paul A. Harris

Portland, Ore., March 1 – In Thursday's leveraged loan market Leidos Innovations Corp. launched a repricing of its $1.12 billion senior secured term loan B due Aug. 16, 2023.

The repriced loan is talked at Libor plus 175 basis points, offered at par.

Soft call protection at 101 will be reset for six months.

And Coronado Australia Holdings Pty. Ltd. set talk for its $700 million seven-year term loan (B1/B+) in two tranches.

Both parts of the loan are talked at Libor plus 625 basis points with a 1% Libor floor and a 99 offer price.

The loan is divided into a $550 million term loan B and a $150 million term loan C.

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