Consolidated Energy Loan Offered at Biggest Discount Since 2023

A $330 million leveraged loan to two units of methanol maker Consolidated Energy Ltd. is being marketed at what would be the biggest discount in over two years.

Initial price talk is offering the loan at 88 cents on the dollar and at a spread of as much as five percentage points above benchmark, according to a person familiar with the matter. A US leveraged loan hasn’t priced below 90 cents since December 2023, data compiled by Bloomberg show. This year’s lowest issue price is 98.5 cents.