Lummus Technology relaunches amendment to shift term loan to SOFR

By Sara Rosenberg

New York, April 10 – Lummus Technology relaunched its negative consent amendment to shift its term loan to SOFR from Libor, this time with ARRC CSA of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, according to a market source.

Previously, the company was seeking the amendment with 10 bps CSA.

Credit Suisse Securities (USA) LLC is the lead on the deal.

The amendment deadline is the end of the day on Friday, the source added.

Lummus is a developer and licensor of mission essential technologies for the refining and petrochemical industries and a supplier of catalysts and proprietary equipment.

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