Aerospace & Defense – Cobham

Cobham’s Term Loan outperformed other issuers in the Aerospace & Defense Industry by 0.40% last week after announcing the rebranding of its parent company CAES Space Systems to Frontgrade Technologies after being sold to private equity firm Veritas Capital.

Automotive – American Axle & Manufacturing

American Axle & Manufacturing’s Term Loan outperformed other issuers in the Automotive Industry by 0.77% last week after joining CES – the world’s most influential global tech event – with experimental display showcasing the company’s pivot to EV.

Containers, Packaging, & Glass – Kloeckner Metals Corporation

Kloeckner & Co.’s Term Loan outperformed other issuers in the Automotive Industry by 1.24% last week after announcing its recent acquisition of National Material of Mexico, an effort to expand its footprint in Mexico and strengthen its company’s position as a leading steel distributor and processor in North America.