Crocs, Embecta, Intelsat, Bausch Health, TaylorMade, athenahealth, Inspire Brands break

By Sara Rosenberg

New York, Jan. 27 – Crocs Inc. firmed the spread on its first-lien term loan B at the high end of talk, Embecta Corp. lowered pricing on its term loan B and finalized the issue price at the tight side of guidance, and Intelsat Jackson Holdings SA reduced the size of its DIP-to-exit term loan and set the spread at the low end of talk, and then these deals freed to trade on Thursday.

Also, before breaking for trading, Bausch Health Cos. Inc. widened pricing on its term loan B, shortened the maturity and made changes to documentation, and TaylorMade Golf Co. set the original issue discount on its term loan B at the tight end of guidance, removed some pricing step-downs and revised documentation items.

Other deals to make their way into the secondary market during the session included athenahealth Inc. and Inspire Brands Inc. (IRB Holding Corp.).

In more happenings, NortonLifeLock Inc. upsized its term loan B and trimmed the spread, and raised a new term loan A, and Hunter Douglas, Apex Tool Group LLC, Ufinet (Zacapa), Pediatric Associates Holding Co. LLC, Foley Products Co. LLC, Rinchem Co. Inc. and American Trailer World Corp. announced price talk with launch.

Furthermore, ITP Aero, PlayAGS Inc. (AP Gaming I LLC) and MetroNet joined this week’s primary calendar.

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