Aristocrat moves commitment deadline; Blackstone reveals guidance; Xperi, Ziply on deck

By Sara Rosenberg

New York, May 12 – Aristocrat Leisure Ltd. moved up the commitment deadline for its incremental term loan and Blackstone Mortgage Trust Inc. released price talk on its incremental term loan in connection with a lender call.

Aristocrat Leisure accelerated the commitment deadline for its $350 million non-fungible incremental term loan to 5 p.m. ET on Tuesday from Thursday due to strong demand, according to a market source.

Talk on the term loan is Libor plus 400 basis points with a 1% Libor floor, an original issue discount of 97 and 101 soft call protection for one year.

Blackstone Mortgage Trust hosted a lender call during the session and launched a $250 million incremental term loan (Ba2) talked at Libor plus 450 bps to 475 bps with a 1% Libor floor and an original issue discount of 97, a market source remarked.

In more happenings, Xperi Corp. and Ziply Fiber (Northwest Fiber) joined this week’s primary loan calendar.

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