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Intertape Polymer Group, Kofax term loans free to trade; FirstStudent readies new deal
By Sara Rosenberg
New York, June 15 – Intertape Polymer Group Inc. (Iris Holdings Inc.) modified the original issue discount on its first-lien term loan and sweetened the call protection before breaking for trading during Wednesday’s session.
Also, ahead of making its way into the secondary market, Kofax increased the size of its U.S. first-lien term loan B as plans for a euro first-lien term loan were terminated, and set the issue price at the wide end of guidance.
Meanwhile, in other news, FirstStudent & FirstTransit surfaced with plans to bring nonfungible incremental term loans to market this week.
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