Consol Mining, Office Depot, Industrial Container plan deals

New York, Oct. 12 – Several new deals were announced during Thursday’s session in the leveraged loan market, and several issuers already marketing loans tightened the terms.

Among the prominent announcements, Consol Energy Inc.’s coal mining spin off, Consol Mining Corp., set a meeting for lenders to launch a new bank loan via Citigroup.

Office Depot, Inc. disclosed plans for a $750 million senior secured term loan B to be launched at a bank meeting on Oct. 18.

Goldman Sachs is the left lead on the deal, which the office supplies company will use to fund an acquisition.

Industrial Container Services LLC will present a repricing of its $425 million first-lien senior secured term loan B to lenders on a call scheduled for Friday.

Among deals already in the market, UPC Financing Partnership and UPC Broadband Holding BV upsized their dollar-denominated term loan AR due Jan. 15, 2026 to $1,975,000,000 from $1.6 billion and tightened the discounts on both the dollar loan and the companion €500 million term loan AS due Oct. 15, 2026.

Also tightening terms, Sirius Computer Solutions Inc. squeezed the original issue discount on its fungible $337 million incremental first-lien term loan due Oct. 30, 2022 (B1/B) to 99.75 from 99.5.

And Inovyn Finance plc reduced the coupon on its €829 million covenant-light term loan B and set pricing at par, at the tight end of talk.

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