Clarios, 84 Lumber, Petco break; Horizon Therapeutics, Renaissance, Barrette changes emerge

By Sara Rosenberg

New York, Feb. 25 – Clarios Global LP firmed up its U.S. and euro term loan B sizes and pricing, and 84 Lumber Co. increased the size of its add-on term loan B and lowered the spread on its term loan B debt, and then these deals broke for trading on Thursday, and Petco Health and Wellness Co. Inc.’s term loan B freed up as well.

In other news, Horizon Therapeutics USA Inc. lifted its first-lien term loan B size, set pricing at the low end of guidance and tightened the issue price, and Renaissance Learning (Renaissance Holding Corp.) lowered the spread on its incremental first-lien term loan and updated the original issue discount on the tranche as well as on its incremental second-lien term loan.

Also, Barrette (LEB Holdings (USA) Inc.) upsized its incremental first-lien term loan and modified the original issue discount, and Applied Systems Inc. accelerated the commitment deadline for its incremental first-lien term loan and repricing of its existing first-and second-lien term debt.

Furthermore, Harsco Corp., Liquid Tech Solutions LLC, Vertiv Group Corp. and Concord (Alchemy Copyrights LLC) disclosed price talk with launch, and Atotech Ltd. joined the near-term primary calendar.

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