US LevFin Wrap — Medline looks to mega TLB repricing, Truist Insurance pushes tight LBO debt
- David Bell
- +Bill Weisbrod
- + 1 more
If anyone needs to time a repricing deal perfectly, it’s the issuer of the biggest leveraged loan in the market. So let’s see how things play out for Medline, which launched an effort to reprice its massive $6.143bn TLB due 2028 via Bank of America on Thursday.
The healthcare products supplier is part of a new wave of loan repricings this week, after it initially appeared that the repricing boom of January and February had subsided. More than $9.3bn of loans were repriced this week, up from $7bn last week.