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Published on 6/18/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Solenis, Tradesmen, Minimax break; Sound Inpatient, Tenneco tweaked; Invenergy accelerated

By Sara Rosenberg

New York, June 18 – Solenis LLC’s credit facilities freed up for trading on Monday, with the U.S. first-lien term loan quoted above its original issue discount, and Tradesmen International LLC and Minimax hit the secondary market as well.

Over in the primary market, Sound Inpatient Physicians Holdings LLC increased the size of its first-lien term loan, and updated spreads and original issue discounts on its first-and second-lien tranches, Tenneco Inc. downsized its term loan B while also widening the spread and issue price, and upsized its term loan A, and Invenergy Thermal Operating I LLC accelerated the commitment deadline on its term loan.

In addition, Midcoast (AL Midcoast Holdings LLC), Ocwen Financial Corp., GPS Hospitality, Young Innovations Inc. and Epicor Software Corp. released price talk with launch, and Asurion LLC, Focus Financial Partners LLC, QualTek USA LLC and Kepro (Keystone Peer Review Organization Inc.) joined this week’s primary calendar.


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