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Published on 5/7/2015 in the Prospect News CLO Daily and Prospect News High Yield Daily.

TTM Technologies, Chemours, Leighton, Quintiles, eResearch, Black Knight free to trade

By Sara Rosenberg

New York, May 7 – TTM Technologies Inc. upsized its first-lien term loan for a second time and then made its way into the secondary market on Thursday.

The company raised the loan to $950 million from a revised amount of $850 million, which had been upsized from an original amount of $775 million, while eliminating plans for a downsized second-lien term loan.

Chemours Co., Leighton Services (LS Deco LLC), Quintiles Transnational Corp., eResearchTechnology Inc. and Black Knight InfoServ LLC also began trading.

In more happenings, TransDigm Inc. reworked its deal, opting for a new term loan E instead of a tack-on term loan D and adding a repricing of its term loan C to the mix, and Air Canada firmed the spread on its term loan at the low end of talk and cut the Libor floor.

Also, Sterigenics International Inc. and A. Schulman Inc. tightened spreads and original issue discounts on their term loan Bs, and Smart & Final Stores Inc. set pricing on its term loan at the high end of guidance while trimming the Libor floor.

Furthermore, At Home Holding III Inc. and Physiotherapy Associates released talk with launch.

In more news, Blue Coat Systems Inc. set a bank meeting for Monday, as the structure emerged for its $1.15 billion credit facility.


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