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Published on 2/12/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

TransDigm breaks; Steinway tweaks deal; Robertshaw, Advantage Sales revise deadlines

By Sara Rosenberg

New York, Feb. 12 – TransDigm Inc.’s term loan G made its way into the secondary market on Monday, with levels quoted above its issue price.

Moving to the primary market, Steinway Musical Instruments Inc. set the spread on its term loan at the low end of guidance and revised the original issue discount, and Robertshaw US Holding Corp. and Advantage Sales & Marketing Inc. accelerated the commitment deadlines on their loan transactions.

In addition, Oryx Southern Delaware Holdings LLC, Openlink Financial LLC (Ocean Bidco Inc.) and OCI Beaumont (OCI Partners LP) released price talk with launch.

Also, W.R. Grace & Co., Shutterfly Inc., Kofax (Project Leopard Holdings), Genworth Financial Inc., VAC (VAC Germany Holding GMBH and New VAC US LLC), Medical Solutions Holdings Inc., Masergy Communications Inc. and Liquidnet Holdings Inc. joined this week’s primary calendar.


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