Duravant, Fairbanks, Argus, Husky break; Science Applications, Copeland, Howden updated

By Sara Rosenberg

New York, Feb. 1 – Duravant LLC (Engineered Machinery Holdings Inc.) increased the size of its incremental first-lien term loan and firmed the original issue discount at the wide end of guidance, and Fairbanks Morse Defense (Arcline FM Holdings LLC) firmed issue prices on its incremental and repriced term loans at the tight side of talk, and then both of these deals freed to trade on Thursday.

Other deals to make their way into the secondary market during the session included Argus Media and Husky Injection Molding Systems Ltd.

In more happenings, Science Applications International Corp. changed the original issue discount on its term loan B, Copeland downsized its repriced term loan B as a result of a larger paydown from an upsized bond offering, and finalized the issue price, and Howden Group Holdings Ltd. terminated plans for a repricing of its U.S. term loan B, but is still in market with its new seven-year term loans.

Also, KITO Crosby (Crosby US Acquisition Corp.), Applied Systems Inc., Consumer Cellular (CCI Buyer Inc.), Ensono and Ascensus Group Holdings released price talk on their loan transactions with launch.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.