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RCN Grande updates talk; Cablevision Lightpath sets guidance; calendar continues to build
By Sara Rosenberg
New York, Sept. 9 – RCN Grande (Radiate Holdco LLC) modified spread talk and original issue discount guidance on its well-received term loan B on Wednesday, and Cablevision Lightpath disclosed price talk on its term loan B with launch.
RCN Grande changed price talk on its $1.19 billion term loan B due September 2026 to a range of Libor plus 350 basis points to 375 bps from Libor plus 400 bps and adjusted original issue discount talk to 98.5 from a range of 98.5 to 99, a market source said.
Cablevision Lightpath hosted a lender call at 10 a.m. ET to launch a $600 million seven-year first-lien term loan B (B1/B+) talked at Libor plus 350 bps to 375 bps with a 0.5% Libor floor, an original issue discount of 99 and 101 soft call protection for six months, according to a market source.
In more happenings, Michaels Cos. Inc., Omnitracs LLC, Allegro Microsystems Inc., Wabash National Corp. and Aveanna Healthcare LLC joined this week’s primary calendar.
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