![]() Additionally, the facility will have 12.5-basis-point increases for each of the two key performance indicators not met by the observation date, which is set at Dec. That is revised from guidance at launch of L+275 at an OID of 99.5. Pricing for the seven-year term loans is L+250, with a 0.5% floor and an OID of 99.75. Lead arranger Barclays finalized terms of the sustainability-linked $1.335 billion term loan B and $100 million term loan C for Covanta Holding (B+/Ba3). Additional proceeds from the upsizing will be used to reduce the sponsor equity check. ![]() Proceeds from the deal will be used to finance the acquisition of Brooks Automation's Semiconductor Solutions Group by Thomas H. Barclays is left lead arranger on the first-lien loan and Goldman Sachs is left lead on the second-lien. That is revised from guidance of L+625-650 at launch. Pricing for the eight-year second-lien term loan is L+550, with a 0.50% floor and an OID of 99. There is a 25-basis-point margin step-down at 4x first-lien net leverage, while an IPO-based step-down was removed. The seven-year first-lien term loan pricing is L+325, from L+375 at launch, with a 0.50% Libor floor and an unchanged original issue discount of 99.5. (B/B2) finalized terms of its first-lien and second-lien term loans, upsizing the first-lien tranche to $900 million from $825 million while keeping the second-lien tranche at $205 million. Pricing was finalized today on a few large acquisition-related transactions in market while investors faced a lighter docket of new issue launches.īrooks Automation Inc.
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