Reedy Industries, LendingTree loans free to trade; Fairbanks Morse Defense joins calendar

By Sara Rosenberg

New York, Aug. 24 – Reedy Industries finalized the original issue discount on its $325 million seven-year covenant-lite first-lien term loan (B2/B-) and $76 million delayed-draw first-lien term loan (B2/B-) at 99.5, the tight end of the 99 to 99.5 talk before breaking for trading, and LendingTree’s $250 million seven-year term loan B made its way into the secondary market as well.

In more happenings, Fairbanks Morse Defense surfaced with plans to bring an incremental first-lien term loan and amendment request to market this week.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.