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Clarios accelerated; Westinghouse, Internet Brands, GoDaddy, Jones, SolarWinds on deck
By Sara Rosenberg
New York, Jan. 5 – In the primary market on Friday, Clarios Global LP moved up the commitment deadline for its term loan B, and Westinghouse (Brookfield WEC Holdings Inc.) and Internet Brands (MH SUB I LLC) joined the near-term new issue loan calendar with proposed refinancing transactions.
Clarios accelerated the commitment deadline for its $2.743 billion term loan B due May 2030 to noon ET on Monday from 5 p.m. ET on Tuesday, according to a market source.
Talk on the term loan is SOFR plus 325 basis points with a 0% floor, an original issue discount of 99.75 to par and 101 soft call protection for six months.
Also, GoDaddy Inc., Jones DesLauriers Insurance Management Inc. (Navacord) and SolarWinds Inc. emerged with plans to come to market with repricings of their existing term loans.
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