ION Reprices Leveraged Loan After Shelving Separate August Deal
- Company upsized and lowered margin on its loan due 2028
- ION halted a loan-repricing plan amid volatility last month
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ION Analytics upsized and repriced one of its leveraged loans Friday, barely a month after scrapping such an effort on another obligation in the wake of early August’s global market volatility.
The deal size was increased 9% to $575 million, and the unit of Andrea Pignataro’s ION Group will pay down some of a euro-denominated term loan to make the new transaction leverage-neutral, according to a person familiar with the matter who asked not to be identified because the information is private.