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Published on 4/20/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Arris, AMC Entertainment, StandardAero, Cvent, Alliant Holdings, Checkers free to trade

By Sara Rosenberg

New York, April 20 – Arris Group Inc. tightened the original issue discount on its term loan and then broke for trading on Thursday, and deals from AMC Entertainment Holdings Inc., StandardAero Aviation Holdings Inc., Cvent Inc., Alliant Holdings Intermediate LLC and Checkers Drive-In Restaurants Inc. all emerged in the secondary market too.

In more happenings, Micro Focus International plc increased the size of its term loan B-2 as plans for a shorter-dated term loan C were eliminated, outlined tranching on its new term loan B and updated pricing on all of the tranches.

Also, Tempo Acquisition LLC upsized its term loan B and trimmed pricing, Blucora Inc. lowered the spread on its first-lien term loan, Varsity Brands Inc. lifted pricing on its first-lien term loan and Kemet Corp. revised spread, issue price and call protection on its term loan.

Furthermore, Rhodia Acetow moved some funds between its U.S. dollar and euro term loans, increased spread talk on the loans, widened the original issue discount on the U.S. piece and shortened maturities, and Northstar Travel Group upsized its add-on first-lien term loan.

Additionally, Vizient Inc., EMI Music Publishing Group North America Holdings Inc. and PAE Holding Corp. all released price talk on their loan transactions with launch.


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