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Upfield sets spreads; ION Corporates, SiteOne price talk emerges; Odyssey reschedules launch
By Sara Rosenberg
New York, July 6 – In the primary market on Thursday, Upfield finalized the spread on its U.S. extended term loan B at the low end of talk, and set pricing on its euro extended term loan B at the wide end of guidance.
Upfield firmed pricing on its U.S. extended term loan B due January 2028 at SOFR plus 475 basis points, the low end of the SOFR plus 475 bps to 500 bps talk, and on its euro extended term loan B due January 2028 at Euribor plus 500 bps, the wide end of the Euribor plus 475 bps to 500 bps talk, according to a market source.
Pricing on the company’s sterling extended term loan B due January 2028 was set in line with talk at Sonia plus 575 bps with an original issue discount of 97.
Also, ION Corporates released price talk on its term loan in connection with its lender call, and SiteOne Landscape Supply Holding LLC approached lenders with a fungible add-on term loan.
In addition, Odyssey Logistics & Technology Corp. moved the lender call to launch its credit facilities to next week from Thursday, and Omnia Partners LLC and Risk Strategies Co. joined the near-term new issue calendar.
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