Dell Technologies, Jeld-Wen revise deals; UFC, KAR Auction modify loan deadlines

By Sara Rosenberg

New York, Sept. 11 – In the primary market on Wednesday, Dell Technologies raised its term loan B due September 2025 to $4.75 billion from $4 billion, firmed pricing at Libor plus 200 basis points, the low end of the Libor plus 200 bps to 225 bps talk, and moved the original issue discount to 99.875 from 99.75.

Also, Jeld-Wen Inc. upsized its add-on term loan B due Dec. 14, 2024 to $125 million from $100 million and moved the original issue discount to 99.5 from talk in the range of 99 to 99.25. The add-on term loan is priced at Libor plus 200 bps with a 0% Libor floor, and has 101 soft call protection for six months.

UFC accelerated the commitment deadline for its term loan to noon ET on Thursday from Friday, and KAR Auction Services Inc. revised the commitment deadline for its term loan to 3 p.m. ET on Thursday from noon ET on Friday.

Furthermore, Ahead/Data Blue, CPI International Inc. (Communications & Power Industries) and HighTower Holdings LLC announced price talk with launch, and Guidehouse, Sotheby’s and Topps Co. Inc. joined the near-term primary calendar.

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