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Elanco Animal seeks amendment to shift term loan debt to SOFR
By Sara Rosenberg
New York, March 27 – Elanco Animal Health Inc. is shopping a negative consent amendment to transition its term loan debt to SOFR from Libor and add 10 basis points credit spread adjustment, according to a market source.
Goldman Sachs Bank USA is the lead on the deal.
The amendment deadline is Friday, the source added.
Elanco is a Greenfield, Ind.-based animal health company that develops products and knowledge services to prevent and treat disease in food animals and pets.
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