Varsity, Harsco, GTL break; BMC, WorldStrides, SunSource, Jeld-Wen, McGraw, Sequa updated

By Sara Rosenberg

New York, Dec. 7 – Varsity Brands Inc. trimmed the spread on its term loan and then freed to trade on Thursday above its original issue discount, and deals from Harsco Corp. and Global Tel*Link Corp. Inc. hit the secondary market too.

In more happenings, BMC Software updated pricing terms on its U.S. and euro loans, WorldStrides reduced the spread on its term loans, added a step-down and changed the original issue discount, and SunSource Holdings Inc. modified the MFN and asset sale sweep under its term loan.

Also, Jeld-Wen Inc. set the spread on its term loan B at the low side of guidance and revised the issue price, McGraw-Hill Global Education Holdings LLC adjusted the original issue discount on its incremental first-lien term loan, and Mortgage Contracting Services downsized its add-on first-lien term loan and tightened the issue price.

Furthermore, Sequa Corp. removed the ratings step-down from its term loan B, Hargray Communications Group Inc. withdrew its term loan repricing from market, Presidio Inc. moved up the deadline for new money commitments for its term loan, and Learfield Communications LLC released the ticking fee on its incremental term loan.

Additionally, Western Dental Services (Premier Dental Services Inc.), Chefs’ Warehouse Inc., Ascensus Inc., Royal Oak Enterprises LLC (Ozark Holdings LLC), Arris Group Inc., Innovative XCessories & Services LLC and Tradesmen International LLC disclosed price talk with launch, and Evoqua Water Technologies (EWT Holding III Corp.) emerged with new deal plans.

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