REVERSE FLEX: Stonepeak Bayou $600m 1L TL; S+275, 0.00%, 99.5

Pricing tightened, SOFR+275, 0.00%, 99.5. Commitments now due Wednesday, Sept. 24 at 1pm New York time. Upsized $50m from $550m.

• Borrower: Stonepeak Bayou Holdings LP
  • Sponsor: Stonepeak Partners
• $600m 7Y 1L TL
  • Revised: SOFR+275, 0.00%, 99.5 vs. SOFR+300, 0.00%, 99.5
  • Call: 101 SC (6 months)
• UOP Dividend Recapitalization
• Ratings:B1/B+ (corp); B1/B+, RR:3 (facility)
• Bookrunners: Santander (lead/left), MS, STONPA

Information from person familiar with the matter, who is not authorized to speak publicly and asked not to be identified.

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Aaron Weinman in New York at aweinman6@bloomberg.net

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