Commentary & Deal Flow

Avantor Funding Inc (AVTR) announced it plans to offer EUR 144A/Reg S sr sec 1st lien notes. UOP: along with a $1.35bn term loan B via GS/Citi (did a lender call on 10/23, commitment due Fri), a draw on its A/R facility and cash on hand, to redeem all of its $1.5bn 6% sr sec 1st lien notes due 10/01/24 (callable at 104.50) and all of its EUR500m 4.75% sr sec 1st lien notes due 10/01/24 (callable at 103.563). Biz: a global provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries, HQ: Radnor, PA.