Quikrete shops amendment to transition term loans to SOFR

By Sara Rosenberg

New York, May 22 – Quikrete Holdings Inc. is seeking a negative consent amendment to shift its term loan B due 2027 and term loan B due 2029 to SOFR from Libor and add 10 basis points of credit spread adjustment, according to a market source.

Wells Fargo Securities LLC is the lead on the deal.

The amendment deadline is the end of the day on Friday, the source added.

Quikrete is an Atlanta-based building materials company.

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