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Engility, Twin River, Lionbridge, ESH Hospitality free up; Go Daddy, Peabody changes emerge
By Sara Rosenberg
New York, Feb. 6 – Engility Corp. and Twin River Management Group Inc. finalized pricing on their term loans at the wide end of guidance, and Lionbridge Technologies Inc. revised tranche sizes and modified the issue price on the first-lien loan, and then all of these deals surfaced in the secondary market on Monday, and ESH Hospitality Inc. began trading too.
In more happenings, Go Daddy Operating Co. LLC increased the size of its term loan B while also tightening the spread and original issue discount, Peabody Energy Corp. upsized its first-lien term loan and SRS Distribution Inc. accelerated the commitment deadline on its incremental term loans.
Also, US Foods Inc., OpenText Corp., Strategic Partners Acquisition Corp., Mueller Water Products Inc., BBB Industries LLC, Authentic Brands Group and Armstrong World Industries Inc. released price talk with launch.
Additionally, VC GB Holdings Inc., Sivantos Group (Auris Luxembourg III Sarl), Infiltrator Water Technologies LLC, Gavilan Resources LLC and GlobalLogic Inc. joined this week’s primary calendar.
Engility set pricing on its $195 million term loan B-1 due Aug, 12, 2020 at Libor plus 325 basis points, the high end of the Libor plus 300 bps to 325 bps talk, and on its $608 million term loan B-2 due Aug. 12, 2023 at Libor plus 375 bps, the high end of the Libor plus 350 bps to 375 bps talk, according to a market source.
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