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Published on 11/15/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Advanced Disposal, Valeant, Entercom, National Vision, Outfront, Playa and more break

By Sara Rosenberg

New York, Nov. 15 – In the secondary market on Wednesday, deals from Advanced Disposal Services Inc., Valeant Pharmaceuticals International Inc., Entercom/CBS Radio, National Vision Inc. and Outfront Media Inc. freed up for trading.

Also, Playa Hotels & Resorts NV changed the original issue discount on its add-on term loan B, CryoLife Inc. lowered pricing on its term loan B, Michael Baker International LLC raised pricing on its term loan and sweetened the call protection, B&G Foods Inc. upsized its term loan B, and Cvent Inc. set the spread on its term loan at the high side of talk and tightened the original issue discount, and then these deals broke as well.

In more happenings, RCN Grand Wave (Radiate Holdco LLC) increased the size of its oversubscribed incremental first-lien term loan, and Hostess Brands LLC revised the issue price on its term loan, eliminated a spread step-down and adjusted the maturity.

Additionally, ExGen Renewables IV LLC lifted its term loan size, lowered pricing and adjusted the original issue discount, AGRO Merchants Global LP upsized its first-lien term loan B while tightening the spread and issue price and downsized its second-lien term loan, and LSC Communications Inc. set the spread on its term loan at the wide end of guidance.

Furthermore, Paysafe Group plc, Diamond Resorts International Inc., Parts Town (PT Holdings LLC) and Lantheus Medical Imaging Inc. announced price talk with launch.


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