Hostess tweaks timing; Idemia, Entain, Nord Anglia, Columbus McKinnon disclose talk

By Sara Rosenberg

New York, June 20 – In the primary market on Tuesday, Hostess Brands Inc. moved up the commitment deadline for its term loan that will be used to refinance existing debt.

Hostess Brands changed the commitment deadline for its $985 million seven-year term loan (B1/BB) to 5 p.m. ET on Tuesday from 5 p.m. ET on Wednesday, a market source said.

Talk on the term loan is SOFR plus 275 basis points to 300 bps with a 0.5% floor, an original issue discount of 98.5 and 101 soft call protection for six months.

In addition, Idemia, Entain plc, Nord Anglia Education (Fugue Finance LLC) and Columbus McKinnon Corp. released price talk on their loan transactions with launch.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.