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Published on 9/7/2016 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Western Digital up on outlook change; Allison, Monitronics, Blackboard react to new deals

By Sara Rosenberg

New York, Sept. 7 – Western Digital Corp.’s term loan B headed higher in the secondary market on Wednesday after the company updated its first fiscal quarter guidance, Allison Transmission Inc.’s term loan softened with the launch of its new term loan B, and Monitronics International Inc.’s 2022 term loan and Blackboard Inc.’s term loan B-3 rose with refinancing news.

Western Digital’s term loan was quoted at 101 bid, 101 3/8 offered, up from 100 5/8 bid, 101 offered.

Allison Transmission’s term loan B fell to par bid, 100½ offered from 100 3/8 bid, 100 5/8 offered.

Monitronics’ term loan due in 2022 moved up to 99¾ bid, 100½ offered from 97½ bid, 98½ offered.

Blackboard’s term loan B-3 due 2018 rose to 99¼ bid, par offered from 98 7/8 bid, 99 5/8 offered.

Over in the primary market, Intellectual Property & Science (IP&S) (Camelot Finance LP), Ineos Styrolution Group GmbH, Redbox Automated Retail LLC, Dunn Paper Inc., Horizon Global Corp., Insight Global (IG Investment Holdings LLC), Avantor Performance Materials, Air Canada and Golden Nugget Inc. released price talk on their new deals.

Furthermore, Versum Materials, Consolidated Communications Inc., Neustar Inc., SIG Combibloc (Onex Wizard US Acquisition Inc./SIG Combibloc Purchase Co Sarl) and Smart & Final Stores Inc. all joined the near-term calendar, and Floor & Decor set timing on the launch of its credit facility.


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