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Nautilus frees to trade; Sirva sets changes; Quality Distribution, MW Industries float talk
By Sara Rosenberg
New York, July 20 – Nautilus Power LLC’s add-on term loan B made its way into the secondary market on Friday and was seen trading above its original issue discount.
Moving to the primary market, Sirva Worldwide Inc. increased the size of its first-lien term loan, widened spreads and original issue discounts on its first-and second-lien tranches, sweetened the first-lien call protection and made a number of documentation changes.
Also, Quality Distribution (Gruden Acquisition Inc.) and MW Industries Inc. released price talk with launch, and Electro Rent Corp. surfaced with new deal plans.
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