DXP Enterprises, Ineos Enterprises term loans free to trade

By Sara Rosenberg

New York, Oct. 6 – DXP Enterprises Inc. firmed the spread and issue price on its term loan B at the wide side of talk, and then the debt made its way into the secondary market on Friday.

DXP Enterprises set pricing on its $550 million seven-year term loan B (B2/B) at SOFR plus 475 basis points, the high end of the SOFR plus 450 bps to 475 bps talk, and firmed the original issue discount at 98.5, the wide end of the 98.5 to 99 talk, a market source remarked.

As before, the term loan has 10 bps CSA, a 1% floor and 101 soft call protection for six months.

Also, before breaking for trading during the session, Ineos Enterprises Holdings Ltd. finalized sizes of its U.S. and euro add-on term loans and set the original issue discount on the tranches at the wide end of guidance.

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