Banks Price $1.4 Billion of Leveraged Loans for Janney's Buyout [BNN Bloomberg (Canada)]
Instructure Holdings, Inc. (INST)
Last instructure holdings, inc. earnings: 2/28 04:46 pm
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US:NYSE Investor Relations:
ir.instructure.com/investors/investors-home/default.aspx
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Source: BNN Bloomberg
Margin for the two-tranche deal is 3.25 percentage points over the Secured Overnight Financing Rate, issued at 99.5 cents on the dollar, according to a person familiar with the matter who asked not to be identified because the information is private. The margin can be reduced as much as a 0.75 percentage point if certain conditions are met. Also, investor-friendly protections were added. The transaction emerged before Labor Day, making it the first of an expected bevy of acquisition-related financings for buyouts agreed to earlier this year. KKR cinched a deal in July to buy Janney, adding it would operate independently under the private equity heavyweight. The purchase is set to close by year's end. It's one of several buyouts that the private equity firm is in the process of completing. They include Instructure Holdings Inc., whose buyout financing is also in the leveraged-loan market. Commitments for that $2 billion package were also due Wednesday. More than $60 billion of l
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News
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INST
Earnings
- 8/2/24 - Miss
INST
Sec Filings
- 11/13/24 - Form S-8
- 11/13/24 - Form POS
- 11/13/24 - Form 8-K
- INST's page on the SEC website