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Published on 4/27/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Industrial Container, Harland, Cooper-Standard, NCI Building, FLY, Alvogen, Deluxe break

By Sara Rosenberg

New York, April 27 – Industrial Container Services LLC set the spread on its first-lien term loan at the low end of guidance and Harland Clarke Holdings Corp. upsized its incremental term loan B-6, and then these loans made their way into the secondary market on Thursday.

Also, Cooper-Standard Automotive Inc. finalized the spread on its term loan B at the tight side of talk and NCI Building Systems Inc. firmed pricing on first-lien term loan at the high end of talk and then both of these loans freed to trade. Deals from FLY Leasing, Alvogen Pharma US Inc. and Deluxe Entertainment Services Group Inc. broke as well.

In more happenings, Misys Ltd. moved some funds between its U.S. and euro first-lien term loan and set the issue price on the tranches at the tight side of guidance, and trimmed pricing on its euro second-lien term loan while finalizing the original issue discount at the tight end of revised talk.

Additionally, Garda World Security Corp. revised the sizes of its term loan B and revolver, increased term loan pricing and set the original issue discount at the wide side of talk, and Orion Engineered Carbons lowered spreads on its U.S. and euro term loans and firmed the issue price on the tranches at the wide end of guidance.

Furthermore, TierPoint LLC finalized pricing on its second-lien term loan at the low end of talk, and Jacobs Douwe Egberts added a pricing step-down to its U.S. add-on term loan B and repricing of its existing U.S. term loan B.


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