CSC ServiceWorks, Joann term loans dip with downgrades; Qlik, Tropicana strengthen

By Sara Rosenberg

New York, Jan. 6 – CSC ServiceWorks Inc. (Spin Holdco Inc.) saw its first-lien term loan B drop by a few points in the secondary market on Friday in reaction to a downgrade by Moody’s Investors Service, and Joann Inc.’s term loan was bid lower following a downgrade by S&P Global Ratings.

Meanwhile, Qlik Technologies Inc.’s term loan B was once again higher in trading after a rise in the previous session on acquisition news, however, this gain may have been more a function of the general market feeling stronger, and Tropicana’s (Naked Juice LLC) first-lien term loan was better despite being downgraded by S&P.

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