OEConnection, Argus break; Shutterfly, Cerence, Vungle, Howden float changes

By Sara Rosenberg

New York, Sept. 24 – OEConnection LLC added a delayed-draw first-lien term loan to its transaction and finalized the spread and issue price on its first-lien term debt at the tight side of guidance, and Argus Media tightened pricing and original issue discount on its term loan B.

OEConnection’s first-lien term debt broke for trading on Tuesday with levels quoted at 99¾ bid, par ¼ offered, according to a market source.

Argus Media’s term loan made its way into the secondary market on Tuesday and was quoted at par ¼ bid, par ¾ offered.

In more happenings, Shutterfly Inc. widened for a second time the spread and original issue discount talk on its term loan B, and Cerence Inc. lifted pricing on its term loan B, raised the floor, modified the issue price, shortened the maturity and revised documentation.

Also, Vungle Inc. reduced the size of its first-lien term loan B, increased the spread and revised original issue discount talk, and Howden downsized its term loan B and changed the spread and issue price.

Furthermore, BellRing Brands LLC and Allison Transmission Inc. disclosed price talk with launch, and MDVIP LLC emerged with new deal plans.

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