Strategic Materials announces loan, Blount adjusts terms, Industrial Container sets talk

New York, Oct. 13 – A quiet day in the leveraged loan marked saw a single new deal announced, a $315 million credit facility from glass recycler Strategic Materials Inc. that will launch at a meeting on Wednesday.

Proceeds will go to help fund the leveraged buyout of the company.

There was scarcely more action Friday among deals already in the market.

Blount International Inc. made various issuer-friendly changes to its term loan B, including upsizing the debt to $630 million from $615 million.

And Industrial Container Services LLC set talk for its $425 million repricing with the launch of the term loan B during a call on Friday.

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