Grifols, 84 Lumber free to trade; handful of deals join near-term primary calendar

By Sara Rosenberg

New York, Nov. 8 – Grifols’ U.S. term loan B made its way into the secondary market on Friday, with the $2.5 billion eight-year covenant-lite term loan B quoted at par bid, par 3/8 offered.

Pricing on the U.S. term loan B is Libor plus 200 basis points with a 0% Libor floor and it was sold at an original issue discount of 99.75. The debt has 101 soft call protection for six months.

84 Lumber Co.’s $310 million seven-year covenant-lite term loan B (B3/B+) also began trading, with levels quoted at par bid, 101 offered.

Pricing on the term loan B is Libor plus 425 bps with a 1% Libor floor and it was sold at an original issue discount of 99. The debt has 101 soft call protection for six months.

In more happenings, Playtika Holding Corp., FLY Leasing, Ticketek and Sotera Health Holdings LLC surfaced with new loan transaction plans.

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