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Published on 1/29/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Large number of deals break; Zelis, RBMedia updated; Foundation, Guidehouse accelerated

By Sara Rosenberg

New York, Jan. 29 – TricorBraun Holdings Inc., Asurion LLC and United Natural Foods Inc. firmed pricing on its first-lien term loan at the low end of guidance, and then these deals broke for trading on Friday.

Also, before emerging in the secondary market, PetSmart Inc. trimmed the spread on its term loan B, Pathway Vet Alliance LLC set pricing on its first-lien term loan at the high end of talk, Gannett Holdings LLC firmed the original issue discount on its term loan B at the tight end of talk, and PG&E Corp. finalized the spread on its term loan at the narrow end of guidance.

Furthermore, Big Ass Fans LLC modified the original issue discount on its incremental first-lien term loan, PDC Wellness & Personal Care Co. (Parfums Holding Co. Inc.) set the original issue discount on its incremental first-lien term loan at the tight end of talk, IntraFi Network LLC (Nexus Buyer LLC) changed the issue price on its incremental first-lien term loan, and AccentCare Inc. finalized pricing on its term loan B at the high end of talk, and then these deals also freed to trade.

In other news, Zelis reduced pricing on its first-lien term loan B, RBmedia set the spread on its first-lien term loan B at the high end of talk, and Foundation Building Materials Inc. and Guidehouse accelerated the commitment deadlines for their first-lien term loans.


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