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Prospect News home > News index > List of issuers H > Headlines for Hub International Ltd. > News item
Published on 6/5/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Circor up on buyout; Constant Contact slides; HUB, Avolon, Samsonite, ArcLight set talk

By Sara Rosenberg

New York, June 5 – Circor International Inc.’s term loan headed higher in the secondary market on Monday in reaction to news that the company is being purchased by KKR, and Constant Contact Inc.’s first-lien term loan softened following a ratings downgrade by S&P Global Ratings.

Circor International’s term loan moved up to par bid, par ½ offered on Monday from 99 bid, 99¾ offered on Friday as the company announced that it is being bought by KKR for $49 per share in cash, according to a market source.

Meanwhile, in the primary market, HUB International, Avolon, Samsonite International SA and ArcLight NGPL Holdings LLC (AL NGPL Holdings LLC) released price talk on their term loan transactions in connection with lender calls.


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