CHERWELL INSIGHT VENTURE PARTNERS 8 SOFTWARE

9 lender call to launch $500M term loanĪppLovin adds repricing, revises deal to $600M fungible add-on term loanīombardier Recreational sets Feb. 16Įnterprise Development Authority sets talk for $475M term loanĭRW Holdings sets Feb. 9 lender call to launch $75M add-on term loanĪmWINS sets price talk on $1.995B term loan commitments due Feb. National Mentor schedules lender call to launch 1st-lien, 2nd-lien term loans Primary leveraged loan market stories/links:ĭell Technologies launches $3.143B term loan repricing commitments due Feb. Including the new add-on, which is now offered at L+375 with an issue price of par, the existing tranche will total $1.8 billion. Morgan-led arranger group this morning rolled out changes to the deal that will include repricing the loan from last year to make it fungible with an existing $1.2 billion TLB due April 2025. intended to add on to an incremental loan placed in April 2020 for acquisition financing.

In a deal launched last week, AppLovin Corp.

Bombardier Recreational is upsizing its term loan B-1 due May 2027 (L+200, 0% floor) by $300 million and will use the proceeds, together with cash on hand, to take out a $600 million term loan B-2 that was issued in May 2020 at pricing of L+500, with a 1% floor. That loan was placed in August of last year at L+250, with a 0% floor. Asplundh (BBB-/Ba1) is looking to reprice its $1.995 billion TLB due 2027 via Well Fargo to either L+175 or L+200, with a leverage-based step-down. are the latest to step into the market to address pricing on loans they placed in 2020. 8 that it was selling its personal care business to AIP for $920 million.Īsplundh Tree Expert LLC and Bombardier Recreational Products Inc. Morgan Stanley is on the left.Īlso for Tuesday, a Deutsche Bank-led arranger group is prepping the launch of a $620 million, seven-year covenant-lite TLB to finance the acquisition of Domtar Personal Care by AIP. Pricing on the loan is L+475, with a 1% floor. The company in November 2020 placed a covenant-lite TLB due 2027 to finance a pair of acquisitions and refinance debt.

CHERWELL INSIGHT VENTURE PARTNERS 8 SOFTWARE

Ivanti has scheduled a Tuesday call to launch a $440 million add-on term loan B for its Cherwell Software acquisition. 10, and KKR Capital Markets, Barclays, Goldman Sachs, UBS, Macquarie and RBC Capital Markets are joint lead arrangers. Morgan is leading the transaction, which launches Feb. The company also plans to refinance existing debt.

Veritas Capital-backed Peraton has lined up a $2.145 billion first-lien term loan that is part of the financing for its $3.4 billion acquisition of the federal IT and mission support services business of Northrop Grumman. and the carve-out of Domtar's personal care business by American Industrial Partners. On the M&A front, launches were scheduled for deals for Peraton Corp., Ivanti Software Inc. It was a busy start to the week for the primary market as a flurry of new deals were unveiled and revisions were outlined for several others.

Cherwell insight venture partners 8