Laureate finalizes pricing on $1.24 billion loan; Lucid Energy launches $900 million loan

By Paul A. Harris

Portland, Ore., Jan. 23 – In Tuesday's leveraged loan market Laureate Education Inc. set pricing on its $1,238,000,000 senior secured covenant-light term loan B due April 26, 2024.

Pricing was set at Libor plus 350 basis points, the tight end of talk.

The loan (B2/B+) was launched at Libor plus 350 bps to 375 bps.

There is a 1% Libor floor and the issue price is par.

And Lucid Energy Group II Borrower LLC launched its $900 million seven-year term loan, setting talk at Libor plus 350 basis points and a 99.5 original issue discount.

Commitments are due by Feb. 6.

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