Investors were looking for a price bump on the $450 million credit for Accellent due to the credit being levered seven times. The deal consisted of a $75 million revolver and a $375 million term loan "B" priced at LIBOR plus 2 1/4%. [Pricing on the term loan "B" was actually flexed down to LIBOR plus 2%. It was trading between 100.125 and 100.5 last Thursday, according to Markit.]
One Year Ago In The Credit Markets
