Dell Technologies launches $4.79 billion repricing; Beacon, Catalent, Fuller narrow terms

New York, Oct. 11 – Dell Technologies Inc. led loan market news on Wednesday with the launch of a $4,788,000,000 repricing of its first-lien term loan due Sept. 7, 2023 (Baa3/BBB-/BBB-).

The Round Rock, Texas-based technology company is looking to both trim its interest costs and reduce the size of the loan.

Among loans already in the market, three substantial transactions saw terms richen in announcements during the session.

Beacon Roofing Supply Inc., Catalent Pharma Solutions Inc. and HB Fuller Co. all fixed pricing at the tight end of talk or narrowed previously announced rates.

Also notable, Press Ganey Holdings, Inc. launched a repricing and refinancing of its first- and second-lien term loans with a lender call on Wednesday, coming to market to reset the offerings almost exactly a year after the original financing was completed.

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