Thu 10/19/2023 13:26 PM
The Cook & Boardman Group’s debut in the syndicated debt markets with a $500 million term loan to partly fund the commercial door, frame and hardware distributor’s acquisition by Platinum Equity from Littlejohn has been met with lukewarm responses as investors struggle to get comfortable with the issuer’s past financial struggles and sector. The Bank of America-led deal comes with price talk of S+500 bps, OID at 96.5-97, with commitments due Wednesday,...
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