Syndicated Bank Loans
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Outperformers Spotlight:
Week Ending 7/8/22
Top Outperformers from Solve Advisors’ Bank Loan data.
Aerospace & Defense Industry – Sequa Corporation
Sequa’s Term Loan outperformed other issuers in the Aerospace & Defense industry by 0.92% last week after announcing the completion of AZZ’s acquisition of Precoat Metals Inc., an independent metal coating solution business, from Sequa Corporation.
Finance – Cowen Inc.
Cowen Inc.’s Term Loan outperformed other issuers in the Finance industry by 2.48% last week after discussions surfaced of a possible acquisition of the Wall Street brokerage firm by TD Bank — a move that would expand U.S. operations for TD.
Capital Equipment – TriMark
TriMark’s Term Loan outperformed other issuers in the Capital Equipment industry by 3.17% last week after announcing the election of two new board of directors with a premium focus on addressing the current supply chain climate through more distribution efforts.
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