Vivid Seats, First Data, Alkermes, PetSmart, Casella Waste, Micron Technology free to trade

By Sara Rosenberg

New York, Oct. 7 – Vivid Seats LLC downsized its first-lien term loan B and adjusted pricing on all tranches in its credit facility, and First Data Corp. and Alkermes Inc. firmed pricing on their term loans at the low end of talk, and then all of these deals broke for trading on Friday.

Other deals to make their way into the secondary market during the session included PetSmart Inc., Casella Waste Systems Inc. and Micron Technology Inc.

Returning to the primary market, Platform Specialty Products Corp. (MacDermid Inc.) trimmed its U.S. term loan size and lifted its euro term loan size in addition to tightening the spread and original issue discount on the euro tranche, and Fort Dearborn Co. (Fortress Merger Sub Inc.) reworked its first- and second-lien term loan sizes and pricing.

In addition, Rocket Software Inc. upsized its first-lien term loan and reduced pricing and downsized its second-lien term loan while setting the spread at the high end of guidance, and PAE Holding Corp. reworked its first- and second-lien term loan sizes, spreads and issue prices.

Furthermore, Kronos Inc., Forterra Finance LLC, Portillo’s and Coty Inc. came out with price talk on their loans with launch, timing on Rackspace Hosting Inc.’s credit facility emerged, and Party City Holdings Inc., Husky Injection Molding Systems and Deluxe Entertainment Services Group Inc. surfaced with new deal plans.

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