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Published on 9/16/2019 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Virtu, Autodata, B&G free up; Concentra updated; Peabody tabled; Cumulus accelerated

By Sara Rosenberg

New York, Sept. 16 – Virtu Financial LLC (VFH Parent LLC) revised the original issue discount on its $525 million incremental first-lien term loan to 99.875 from 99.5, and then the debt made its way into the secondary market on Monday with levels quoted at par ¼ bid, par ½ offered.

Also, Autodata Group modified the issue price on its $755 million incremental first-lien term loan to 99 from 98.5 before breaking for trading at 99¼ bid, 99 5/8 offered, and B&G Foods Inc.’s $450 million term loan B freed to trade as well, with levels quoted at 99¾ bid, par ½ offered.

In more happenings, Concentra Group Holdings LLC firmed the original issue discount on its $100 million add-on term loan B at 99.51, the tight end of the 99 to 99.51 talk, Peabody Energy Corp. pulled its $900 million term loan B from market, and Cumulus Media Inc. moved up the commitment deadline for its term loan B to Tuesday from Thursday.

Furthermore, Cineworld Group plc, MKS Instruments Inc. and ECi Software Solutions released price talk on their loan transactions, APi Group Inc. and Medical Solutions came out with timing on the launch of their proposed loans, and DuBois Chemicals Inc. joined this week’s calendar.


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