RelaDyne frees to trade following changes; Nord Anglia pricing guidance surfaces

By Sara Rosenberg

New York, Jan. 13 – RelaDyne Inc. increased the size of its incremental first-lien term loan B, set the spread at the low end of guidance and tightened the original issue discount, and then the debt made its way into the secondary market on Friday.

RelaDyne raised its non-fungible incremental first-lien term loan B due December 2028 to $250 million from $200 million, firmed pricing at SOFR plus 500 basis points, the low end of the SOFR plus 500 bps to 525 bps talk, and changed the original issue discount to 96.5 from 96, a market source said.

As before, the term loan has a 0.5% floor, 101 soft call protection for six months and no CSA.

Also, Nord Anglia Education (Fugue Finance) announced price talk on its $500 million term loan B (B1) due January 2028 and up to $1.4 billion equivalent euro term loan B (B1) due January 2028.

Talk on the U.S. term loan is SOFR plus 475 bps to 500 bps with a 0.5% floor and an original issue discount of 97, and talk on the euro term loan is Euribor plus 475 bps to 500 bps with a 0% floor and a discount of 97, according to a market source.

© 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.