LEVERAGED LOANS

摘要

Commercial food service equipment manufacturer WELBILT has launched a US$900m seven-year term loan to refinance an existing US$815m loan and to pay down a portion of a revolving line of credit. Welbilt is offering to pay lenders 275bp over Libor with a 0% floor. It is being guided at a discount of 99.5-99.75 and will have 101 soft call protection for six months.