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Published on 8/10/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Leidos, PolyOne, Equinix, US LBM, United Site Services, Vectra, BBB Industries break

By Sara Rosenberg

New York, Aug. 10 – Leidos Innovations Corp. and PolyOne Corp. moved up the commitment deadlines on their term loans and Equinix Inc. set pricing on its term loans at the tight end of talk, and then these deals freed to trade on Thursday.

Other deals to surface in the secondary market during the session included US LBM Holdings LLC, United Site Services, Vectra Co. (Duke Finance LLC) and BBB Industries LLC.

Back in the primary market, Atlantic Broadband Finance LLC lowered pricing on its term loan, added a step-down, tightened the original issue discount and specified ticking fees, Green Plains Inc. finalized the spread on its term loan B at the high side of talk and sweetened the call protection, and Wilsonart LLC lifted pricing on its term loan.

Also, DuPage Medical Group moved some funds between its first-and second-lien term loans and reduced spreads, Syncsort Inc. shifted funds between its term loans and raised pricing, Engility Corp. firmed pricing on its term loan B-2 at the high end of talk, and Parexel International Corp. set pricing on its term loan at the low side of guidance.

TruGreen LP tightened the spread and issue price on its term loan, Logix Communications set pricing on its term loan at the midpoint of guidance and Jane Street eliminated plans for a euro tranche under its term loan, firmed the spread at the high side of talk and tightened the issue price.


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