Virtusa, Pregis, US LBM, Zaxby’s break; ExGen Renewables, Lakeview Loan changes emerge

By Sara Rosenberg

New York, Dec. 9 – Virtusa Corp. trimmed pricing on its term loan B, finalized the Libor floor at the low end of talk and modified the original issue discount, and then the debt made its way into the secondary market on Wednesday.

Also, Pregis (Pregis Topco LLC) lowered the spread on its incremental first-lien term loan, added a step-down and tightened the original issue discount before freeing it up for trading, and deals from US LBM (LBM Acquisition LLC) and Zaxby’s Operating Co. LP broke as well.

In other news, ExGen Renewables IV LLC reduced pricing on its term loan B and adjusted original issue discount guidance, and Lakeview Loan Servicing LLC removed the pricing grid from its term loan B and shortened the maturity.

Furthermore, Wellness Pet Food Holdings Co. Inc. (Woof Intermediate Inc.), Sabre GLBL Inc., Planview, Therma Holdings LLC (Refficiency Holdings LLC) and Datasite moved up the commitment deadlines for their loan transactions.

Additionally, E.W. Scripps Co. and Zywave Inc. released price talk with launch, and Cloudera Inc. and Asurion LLC joined this week’s primary calendar.

© 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.