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Prospect News home > News index > List of issuers T > Headlines for Transnetwork LLC > News item
Published on 11/20/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

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.


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