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Mariner Wealth term loan frees to trade following updates; Altice USA revises deadline
By Sara Rosenberg
New York, Dec. 13 – Mariner Wealth Advisors finalized the spread on its incremental first-lien term loan at the low end of guidance and tightened the original issue discount from initial talk, and then the debt made its way into the secondary market on Tuesday.
Mariner Wealth Advisors firmed pricing on its non-fungible $100 million incremental first-lien term loan (B-) due August 2028 at SOFR plus 425 basis points, the low end of the SOFR plus 425 bps to 450 bps talk, according to market sources.
Additionally, original issue discount talk on the incremental term loan was changed in the morning to a range of 95.5 to 96 from 95 and, after the noon ET recommitment deadline passed, the discount was set at 95.5, sources said.
Also, Altice USA (CSC Holdings LLC) extended the commitment deadline for its extended term loan in the wake of revisions to documentation.
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