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Published on 8/3/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Veritext, Crocs, Learning Care, Curium, Talen Energy, Duravant term loans break for trading

By Sara Rosenberg

New York, Aug. 3 – Veritext set the spread on its term loan B at the low end of revised talk, Crocs Inc. firmed pricing on its term loan B at the low side of guidance, and Learning Care Group Inc. revised the original issue discount on its term loan, and then these deals freed to trade on Thursday.

Also making their way into the secondary market during the session were loans from Curium BidCo Sarl, Talen Energy Supply LLC and Duravant LLC (Engineered Machinery Holdings Inc.).

In more happenings, Generation Bridge Northeast LLC increased the size of its term loan B, set pricing at the low side of talk, removed the CSA and revised the issue price, and Invenergy Thermal Operating I LLC firmed the spread on its term loans at the low end of guidance and adjusted the original issue discount.

Additionally, Avient Corp. Inc. modified the issue price for existing term loan B-5 lenders and new money lenders for its new term loan B-7, kdc/one upsized its euro first-lien term loan, and Charter Next Generation Inc. increased the size of its add-on term loan B and tightened the original issue discount.

Furthermore, NorthRiver Midstream Finance LP, ASGN Inc. and SonicWall Inc. released price talk with launch, and Axalta Coating Systems Ltd. joined this week’s new issue calendar.


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