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Published on 1/19/2024 in the Prospect News CLO Daily and Prospect News High Yield Daily.

HUB, Calpine, Crocs, Solenis, Autokiniton, Chamberlain, Cross, Warner, Kenan and more break

By Sara Rosenberg

New York, Jan. 19 – HUB International trimmed the spread on its term loan B and widened the issue price, Calpine Corp. finalized the original issue discounts on its term loan B-5 and term loan B-10, Crocs Inc. set the spread on term loan B at the low end of talk, and Solenis firmed the issue price on its term loan B at the tight end of talk, and then these deals freed to trade on Friday.

Also, before breaking for trading, Autokiniton US Holdings Inc. set pricing on its term loan B at the low side of guidance, Chamberlain Group LLC (Chariot Buyer LLC) upsized its incremental term loan B, firmed pricing at the low end of talk, added a step-down and modified the issue price, Cross Financial cut pricing on its term loan B, and Warner Music Group (WMG Acquisition Corp.) revised the original issue discount on its term loan B.

Some other deals that made their way into the secondary market during the session included Kenan Advantage Group Inc., Westinghouse (WEC US Holdings Ltd.) and Insulet Corp.


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