Ineos breaks; Ravago, Fairmount, Cypress Performance, Strategic Materials update deals

By Sara Rosenberg

New York, Oct. 26 – Ineos saw its U.S. term loan B emerge in the secondary market during Thursday’s market hours, and the debt was quoted above its issue price.

Over in the primary market, Ravago Holdings America Inc. set pricing on its term loan B at the wide side of guidance, Fairmount Santrol Inc. firmed the spread on its term loan at the high end of revised talk and the original issue discount at the tight end of revised talk, and Cypress Performance Group shifted some funds between its first-and second-lien term loans and modified pricing.

Also, Strategic Materials Inc. tightened spreads and original issue discounts on its first-and second-lien term loans, and Medallion Midland Acquisition LLC and MHS (Material Handling Systems) moved up the commitment deadlines on their term loans.

Additionally, Intralinks Holdings Inc., Capital Automotive LP, Nautilus Power LLC, TerraForm Power Operating LLC, Sensata Technologies BV, Tecomet, Unifrax, Resolute Investment Managers and Lyons Magnus Inc. released price talk with launch, and Avaya Inc. and Barbri joined the near-term calendar.

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