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Published on 8/10/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

AZZ, Chemours, Cushman & Wakefield, OpenText, NorthRiver, Barnes, Installed Building break

By Sara Rosenberg

New York, Aug. 10 – AZZ Inc. finalized the spread on its term loan B at the low end of talk, Chemours Co. moved some funds between its U.S. and euro term loans and firmed pricing at the high end of guidance, and Cushman & Wakefield tightened the original issue discount on its term loan B for a second time, and then these deals freed to trade on Thursday.

Other deals to make their way into the secondary market during the session included OpenText Corp., NorthRiver Midstream Finance LP, Barnes Group Inc. and Installed Building Products Inc.

In more happenings, Advisor Group Holdings Inc. increased the size of its first-lien term loan and revised the original issue discount, and Convergint Technologies upsized its add-on first-lien term loan and adjusted the issue price.

Also, Tronox raised the size of its incremental term loan B and set the original issue discount at the tight end of guidance, Consilio lowered the spread on its incremental first-lien term loan and tightened the original issue discount, and AppLovin Corp. and PlayCore released price talk on their term loans in connection with lender calls.


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