Octus转发了
New story for Octus w/ Emily Fasold and Paola Aurisicchio - Lakeview Farms is shifting to the private credit market to fund its acquisition of Noosa Yogurt after its $575 million term loan package struggled to garner enough interest from primary market investors, according to sources. Syndication on the Citi-led leveraged loan for the CapVest Partners-backed food manufacturer did not go well, sources said, with the commitment deadline of Feb. 10 passing without final pricing coming in. Price talk was being offered at SOFR+500 bps-525 bps and 95 OID. Loan investors were concerned with the multiple adjustments for acquisitions the food manufacturer has done, according to sources familiar with the deal. Investors were also unfamiliar with Lakeview’s various brands and their leadership structure. Even with the loan shifting to the private credit market, the coupon on the Lakeview Farms’ deal is going to “remain in the same context,” a source close to the deal noted, although there are expected to be some document changes. Read more at Octus: https://lnkd.in/ea-p4Eiv #privatecredit #leveragedfinance #leveragedloans
