Commscope, BrightSpring Health, PF Chang’s to kick off loan deals on Monday

By Paul A. Harris

Portland, Ore., Jan. 25 – The cash flows of the dedicated bank loan funds remain negative, a trader said on Friday.

For Thursday, the most recent session for which data was available at press time, the loan funds saw $245 million of outflows on the day.

The loan funds saw $950 million of outflows in the holiday foreshortened week ending that ended on Wednesday.

It trails the previous week’s $943 million of outflows from the loan funds, the trader said.

The Friday session produced announcements of new deals set to kick off on Monday.

Commscope Inc. plans to kick off a $3,869,000,000 seven-year term loan B.

BrightSpring Health Services plans to launch a $1,650,637,500 credit facility.

And PF Chang’s plans to commence a syndication effort for a $430 million seven-year first-lien term loan.

Meanwhile, Radiology Partners Inc. moved up timing on its $365 million incremental first-lien term loan B.

Commitments are due at noon ET Tuesday. Books were previously scheduled to remain open until Thursday.

© 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.