Belfor, FR Refuel allocate loans; Ryan, A-Gas FinCo, Colibri, Lifetime Brands set talk

By Sara Rosenberg

New York, Oct. 25 – Belfor allocated its term loans during Wednesday’s market hours, and FR Refuel LLC’s incremental first-lien term loan allocated as well.

In more happenings, Ryan LLC, A-Gas FinCo Inc., Colibri and Lifetime Brands Inc. released price talk on their term loans in connection with their lender calls, and Thor Industries Inc. joined this week’s new issue calendar.

Belfor allocated on Wednesday its $1.235 billion term loan B due 2030 and its €250 million term loan B due 2030, according to a market source.

Pricing on the U.S. term loan is SOFR plus 375 basis points with a 0.5% floor, and it was sold at an original issue discount of 99, and pricing on the euro term loan is Euribor plus 425 bps with a 0% floor, and it was issued at a discount of 98.5.

Both term loans (B1/B) have 101 soft call protection for six months.

During syndication, pricing on the U.S. term loan firmed at the low end of the SOFR plus 375 bps to 400 bps talk, and the spread on the euro term loan was set at the high end of the Euribor plus 400 bps to 425 bps talk while the discount widened from 99.

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