HUB frees to trade; Nomad Foods, Blackstone Mortgage, Angus set talk; Tenneco on deck

By Sara Rosenberg

New York, Oct. 31 – HUB International launched an incremental term loan on Monday morning, finalized the original issue discount at the tight end of guidance in the afternoon and then freed the deal up for trading late in the day.

Also, Nomad Foods, Blackstone Mortgage Trust Inc. and Angus Chemical Co. approached lenders with new term loans, and Tenneco Inc. (Pegasus Merger Co.) joined this week’s primary calendar.

And, in more happenings, Petmate (Astro One Acquisition Corp.) saw quotes on its first-lien term loan weaken in the secondary market on the back of debt and corporate downgrades from Moody’s Investors Service, and Team Health Holdings Inc.’s extended term loan was unchanged to down on the heels of a rating downgrade from S&P Global Ratings.

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