US LevFin Wrap — BofA sweetens Kohler deal and ION Markets struggles despite upbeat loan market
- David Bell
Lenders have been complaining for weeks about the lack of new money opportunities in the primary market, yet they weren’t exactly scrambling over each other to finance Platinum Equity’s LBO of Kohler Energy this week.
On Wednesday, Bank of America priced Kohler’s $1.64bn of dual-currency TLB debt 100bps wide of initial price talk, making it one of a few deals that had a slightly trickier path through the loan market in spite of a rosy overall market picture.