![]() ![]() ![]() 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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