Today, Blackstone’s Allegany Park refinancing priced, reducing its WACC by 22 bps from 175 bps to 153 bps. The deal was originally priced in December 2019 with its AAA/AA/A/BBB/BB tranches at L+133/180/255/370/700, and was reset in January 2022 at S+130/180/205/310/640 DMs. Cost savings from the latest refinancing were achieved across the capital stack, except for…
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