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Published on 1/17/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Presidio, Asurion, SBA, Genesys break; Prestige, American Bath, Realogy changes surface

By Sara Rosenberg

New York, Jan. 17 – Presidio Inc. finalized the spread on its term loan at the low end of guidance, and then the debt freed up for trading on Tuesday above its issue price, and Asurion LLC, SBA Senior Finance II LLC and Genesys made their way into the secondary market as well.

Over in the primary market, Prestige Brands Inc. upsized its term loan B-4, and American Bath Group LLC increased the size of its incremental first-lien term loan, lowered the spread and revised the original issue discount, and added a repricing of its existing first-lien term loan to its transaction.

Also, Realogy Holdings Corp. trimmed pricing and extended the call protection on its term loan, and AmWINS Group LLC and Travel Leaders Group LLC moved up the commitment deadlines on their credit facilities.

In addition, MEG Energy Corp., Innocor Inc., V.Group, Worldwide Express, Samsonite International SA, Reynolds Group Holdings Inc., Vistra Operations Co. LLC, Power Products LLC, Rovi Solutions Corp., Service King Collision Repair Centers, Microsemi Corp. and Genex Holdings Inc. released price talk with launch.

Furthermore, Onvoy LLC and Daseke Inc. came out with timing on the launch of their loans, and BJ’s Wholesale Club Inc., Compuware Corp., Milacron LLC, Electrical Components International Inc., Time Manufacturing Co., Continental Building Products Operating Co. LLC, Builders FirstSource Inc. and Acelity LP Inc. joined this week’s calendar.


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