Lackawanna Energy price guidance surfaces; Odyssey Logistics on deck with amend and extend

By Sara Rosenberg

New York, July 5 – In the primary market on Wednesday, Lackawanna Energy Center LLC released price talk on its strip of term loan B-2 and term loan C debt in connection with its lender call.

Lackawanna Energy Center held its lender call on Wednesday afternoon and announced guidance on its $380 million six-year term loan B-2 and $95 million six-year term loan C strip at SOFR plus 500 basis points with a 0.5% floor, an original issue discount of 97 and 101 soft call protection for six months, a market source remarked.

Commitments are due on July 19, the source added.

And, also on the new deal front, Odyssey Logistics & Technology Corp. joined this week’s calendar with a proposed amendment and extension transaction.

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