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Alion Science, MyEyeDr. reveal pricing guidance; First Brands Group readies deal
By Sara Rosenberg
New York, July 13 – In the primary market on Monday, Alion Science & Technology Corp. and MyEyeDr. (MED ParentCo. LP) came out with talk on their first-lien term loans in connection with their launches.
Alion Science & Technology held its lender call on Monday and announced talk on its $360 million four-year first-lien term loan (B1/BB-) at Libor plus 400 basis points with a 1% Libor floor, an original issue discount of 99 and 101 soft call protection for six months, according to a market source.
MyEyeDr. surfaced in the morning with plans to hold a lender call at 4 p.m. ET to launch an $80 million senior secured first-lien term loan (B3) due August 2026 talked at Libor plus 650 bps with a 1% Libor floor and an original issue discount of 97 to 98, a market source remarked.
Also, First Brands Group LLC emerged with plans to bring an incremental first-lien term loan to market later this week.
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