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EaglePicher shops amendment to shift term loans to SOFR
By Sara Rosenberg
New York, April 27 – EaglePicher Technologies LLC is seeking an amendment to transition its first- and second-lien term loans to SOFR from Libor and to add a credit spread adjustment, according to a market source.
The CSA being offered is ARRC standard of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.
Jefferies LLC is the lead on the deal.
Consents for the amendment are due on Tuesday, the source added.
EaglePicher is a St. Louis-based producer of mission-critical power systems.
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