BBB Industries discloses price guidance; Mad Engine, Charter Next Generation ready deals

By Sara Rosenberg

New York, June 18 – In the primary market on Friday, BBB Industries LLC released original issue discount talk on its incremental first-lien term loan in connection with its lender call.

BBB announced original issue discount talk of 99.25 on its fungible $180 million incremental first-lien term loan, a market source remarked.

Pricing on the incremental term loan is Libor plus 450 basis points with a 0% Libor floor.

Commitments/consents are due on June 25, the source added.

UBS Investment Bank, Credit Suisse Securities (USA) LLC and BMO Capital Markets are leading the deal that will be used to refinance an existing second-lien term loan.

Existing lenders are being offered a 25 bps amendment fee.

In addition, Mad Engine Global LLC and Charter Next Generation Inc. joined the near-term primary calendar.

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