Signature Aviation revises deadline; Dave & Buster’s, Vertex Aerospace reveal proposed terms

By Sara Rosenberg

New York, June 8 – On the new deal front on Wednesday, Signature Aviation plc (Brown Group Holding LLC) accelerated the commitment deadline for its term loan B-2 as a result of significant demand.

Signature Aviation moved up the commitment deadline for its $1.1 billion seven-year term loan B-2 (B1/B+) to noon ET on Thursday from 5 p.m. ET on Thursday, according to a market source.

Talk on the term loan is SOFR plus 400 basis points with a 0.5% floor, an original issue discount of 96, 101 soft call protection for six months and 0 bps CSA.

Also, Dave & Buster’s Inc. and Vertex Aerospace Services Corp. released price talk on their loan transactions in connection with their lender calls, and Avaya joined this week’s new issue calendar.

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