Nuvei term loan dips with buyout news; ADT, EPIC Y-Grade, Potters Industries updates emerge

By Sara Rosenberg

New York, April 1 – In the secondary market on Monday, Nuvei Corp.’s term loan moved lower to wrap around par following news that the company is being acquired by Advent International.

Meanwhile, in the primary market, ADT Inc. (Prime Security Services Borrower LLC) widened pricing on its term loan B and finalized the issue price at the tight end of guidance, EPIC Y-Grade Services LP finalized the spread on its term loan B at the high end of talk and set the original issue discount at the wide end of guidance.

Also, Potters Industries LLC lowered the margin on its incremental first-lien term loan and modified original issue discount talk, and added a repricing of its existing first-lien term loan to the mix.

Additionally, AssuredPartners Inc., Ryman Hospitality Properties Inc. (RHP Hotel Properties LP), International-Matex Tank Terminals (ITT Holdings LLC), The GEO Group Inc., BrandSafway, APX Group Inc. (Vivint) and Cushman & Wakefield released price talk with launch.

Furthermore, Anticimex Inc., Endo, AMG Critical Materials NV, Samsonite International SA, GeoStabilization International and Veeam Software joined this week’s primary calendar.

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