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Published on 10/28/2016 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Advanced Disposal, American Casino, Morsco, JDE, Harsco, Safway, Azelis, Cooper break

By Sara Rosenberg

New York, Oct. 28 – Advanced Disposal Services Inc.’s credit facility freed up for trading on Friday, with its term loan B quoted above its original issue discount, and Morsco Inc., American Casino & Entertainment Properties LLC and Jacobs Douwe Egberts (JDE) also hit the secondary market.

Furthermore, Harsco Corp. lowered pricing on its term loan B, added a step-down and revised the original issue discount, and Safway Group Holding LLC firmed the original issue discount on its incremental term loan at the tight side of talk, and then these deal freed up for trading too.

In addition, Azelis Finance SA downsized its U.S. term loan B, upsized its euro term loan B, and Cooper-Standard Holdings Inc. added a pricing step-down to its term loan B, and then both of these transactions broke into the secondary as well.

In more happenings, Sirius Computer Solutions Inc. increased the size of its first-lien term loan, AMC Entertainment Holdings Inc. eliminated the Libor floor from its term loans and revised the issue price on its new term loan B, and Asurion LLC upsized its term loan B-5.

And, DTZ (DTZ U.S. Borrower LLC and DTZ AUS Holdco Pty Ltd.) released original issue discount talk on its add-on first-lien term loan, and Constellation Brands Canada Inc. and Zep Inc. joined the near-term new issue calendar.


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