Westinghouse revises $550 million term loan OID talk to 96-96.5

By Sara Rosenberg

New York, May 20 – Westinghouse (Brookfield WEC Holdings Inc.) changed the original issue discount talk on its $550 million incremental term loan due August 2025 (B2/B/B+) to a range of 96 to 96.5 from 97, according to a market source.

Pricing on the incremental term loan remained at SOFR plus 375 basis points with a 0.5% floor.

BMO Capital Markets, Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, RBC Capital Markets, BNP Paribas Securities Corp., Barclays, Credit Agricole and Deutsche Bank Securities Inc. are the leads on the deal.

Commitments were scheduled to be due at the end of the day on Friday, accelerated from end of the day on Monday, the source added.

Proceeds will be used to help fund the acquisition of BHI Energy Inc.

Westinghouse is a Cranberry Township, Pa.-based provider of infrastructure services to the nuclear power sector.

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