The brand new $300 million, seven-12 months name financing B to have CTC Holdings LP possess jumped in order to an excellent

This new $three hundred billion, seven-seasons label loan B to own CTC Holdings LP has actually sprang in order to good

5% flooring and you can a keen OID off 99.5. Comes from the offer try regularly pay-off the company’s established basic-lien term financing, and therefore totaled $563 mil immediately after 2021, centered on S&P Around the world Ratings. The refinancing exists immediately after Safer Collection and you will Madison Segments collectively decided to terminate this new recommended revenue of your providers in order to Madison, Moody’s detailed into the Feb. 9 statement.

75, shortly after breaking to a market. The term loan has just coming in at an excellent-pass on from five hundred bps a great deal more Sofr and good CSA, having a beneficial 0.50% flooring and you may an enthusiastic OID out-of 98.5 thru head arranger J.P. Morgan. Proceeds are of use transform money, working-capital and standard company purposes. (more…)