Victory revised; MagicLab, Zekelman, Whatabrands, First Eagle, Rohm, Eastern Power set talk

By Sara Rosenberg

New York, Jan. 13 – Victory Capital Holdings Inc. on Monday lowered pricing on its term loan B and moved up the commitment deadline.

Specifically, Victory trimmed pricing on the $952 million term loan B (Ba3/BB-) due July 1, 2026 to Libor plus 250 basis points from Libor plus 275 bps and accelerated the commitment deadline to noon ET on Tuesday from noon ET on Wednesday, a market source remarked.

As before, the term loan has a 0% Libor floor, a par issue price and 101 soft call protection for six months.

RBC Capital Markets and Barclays are leading the deal that will be used to reprice an existing term loan B down from Libor plus 325 bps. Barclays is the administrative agent.

MagicLab, Zekelman Industries, Whatabrands LLC, First Eagle Investment Management LLC, Rohm, Eastern Power LLC and HALO Branded Solutions all announced price talk with launch on Monday.

Additionally, BroadStreet Partners Inc., viagogo, VICI Properties 1 LLC, Fluidra (Zodiac Pool Solutions LLC), Novaria Group and American Airlines Inc. joined this week’s primary calendar.

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