Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Vivint Smart Home, Inc. > News item |
TransNetwork term loan frees to trade; Vivint term loan unchanged after NRG management news
By Sara Rosenberg
New York, Nov. 20 – TransNetwork LLC’s term loan B broke for trading during Monday’s session, with the debt quoted above its original issue discount.
TransNetwork’s $320 million term loan B freed to trade on Monday afternoon, with levels quoted at 98¼ bid, 99¼ offered, a market source remarked.
The term loan is priced at SOFR plus 550 basis points with a 0.5% floor and it was sold at an original issue discount of 98. The debt has 101 soft call protection for six months.
And, in more happenings, Vivint Smart Home Inc.’s term loan was unchanged in the secondary market following news that parent company, NRG Energy Inc., underwent changes to management and its board of directors.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.