Pike inches up; Summit Materials, Atlantic Aviation updates emerge; Flexera, Sabert set talk

By Sara Rosenberg

New York, Nov. 29 – Pike Corp.’s term loan was a little higher in the secondary market on Wednesday as the company announced plans to repay a separate term loan tranche and the company’s ratings were upgraded by S&P Global Ratings.

Meanwhile, in the primary market, Summit Materials LLC increased the size of its first-lien term loan B, reduced the spread and tightened the original issue discount, and Atlantic Aviation finalized pricing on its first-lien term loan at the wide end of guidance.

Additionally, Flexera Software LLC and Sabert Corp. disclosed price talk on their term loan transactions in connection with their lender calls.

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