Arconic, Janus revise deadlines; Jones DesLauriers, Invenergy, Oryx, Legence set talk

By Sara Rosenberg

New York, July 24 – In the primary market on Monday, Arconic Corp. and Janus International Group moved up the commitment deadlines for their term loans.

Arconic moved up the commitment deadline for its $1 billion seven-year term loan B (Ba3/B+/BB+) to noon ET on Thursday from 5 p.m. ET on Aug. 1, according to a market source.

Talk on the term loan is SOFR plus 475 basis points with a 0% floor, an original issue discount of 97 to 97.5 and 101 soft call protection for six months. Ticking fees on the term loan are half the margin on days 46 through 90 and the full margin plus three-month SOFR thereafter.

Also, Jones DesLauriers Insurance Management Inc. (Navacord), Invenergy Thermal Operating I LLC, Oryx Midstream Services Permian Basin LLC and Legence Holdings LLC released price talk with launch.

Additionally, Curium BidCo Sarl, kdc/one, Generation Bridge Northeast LLC and Enlyte joined this week’s new issue calendar.

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