MoneyGram International Inc. is taking advantage of continued strong demand in the leveraged loan market to undertake a $398 million repricing, after banks had to sell the original financing at a steep discount last year.
Arrangers led by Goldman Sachs Group Inc. launchedthe 2030 loan’s repricing, according to a person familiar with the matter. Price talk includes a margin as tight as 400 basis points over the Secured Overnight Financing Rate, offered at 99.75 cents on the dollar, said te person, who isn’t authorized to speak publicly and asked not to be identified. A lender call was scheduled for ...
