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Scientific Games brings $3.78 billion in big refi, US LBM sets talk
By Paul A. Harris
Portland, Ore., Jan. 24 – In Wednesday's leveraged loan market Scientific Games Corp. was scheduled to launch $3,775,000,000 of term loan debt on a conference call.
And US LBM Holdings, LLC released talk of Libor plus 375 basis points to 400 bps for a repricing of its $848 million first-lien term loan due August 2022 (B3/B).
In the secondary market technical forces continue to push prices amid a relentless demand for loan paper, a trader said.
Retail cash flow were positive for the most recent day reported, the trader added.
Dedicated bank loan funds saw $130 million of inflows on Tuesday. Of that amount, $106 million flowed into the bank loan ETFs.
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