ION Begins $528 Million Loan Repricing After Pulled August Deal
- Company pulled repricing for different loan last month
- Handful of others borrowers launched repricings Monday
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ION Analytics is tapping the leveraged loan market to reprice one of its obligations after shelving a similar transaction for a different loan last month due to market volatility.
The unit of Andrea Pignataro’s ION Group is seeking to reprice a $528 million term loan due 2028 to 3.75 percentage points over the Secured Overnight Financing Rate, offered at a discounted price of 99 cents on the dollar, according to a person who asked not to be identified because the information is private. ION is also seeking to amend a basket in its revolving credit facility, the person added.