First Eagle launches $1.52 billion, UPC $1.6 billion and €500 million

New York, Oct. 10 – Two substantial deals launched in the leveraged loan primary market on Tuesday and several other new transactions were announced – every one of them to reprice or refinance existing debt.

In the day’s biggest deal, UPC Financing Partnership and UPC Broadband Holding BV held a conference call for a $1.6 billion term loan AR due Jan. 15, 2026 and a €500 million term loan AS due Oct. 15, 2026.

Proceeds will be used to refinance an existing loan.

Meanwhile First Eagle Holdings, Inc. launched a repricing of its $1,523,000,000 senior secured term loan B due Dec. 1, 2022 (existing: Ba1/BB+), also with a call for lenders.

Among the new deals announced, Fairmount Santrol, Inc. plans to launch a $700 million seven-year first lien term loan (B3/B-) at a bank meeting on Oct. 12, Infiltrator Water Technologies, LLC announced a proposed repricing of its $339 million term loan B due May 2022 and Jack’s Family Restaurants and Big Jack Holdings LP will launch a repricing of their $267 million term loan B (B3/B) on Wednesday.

© 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.