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Published on 11/1/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Thor, Syncsort break; Gray Television, Walker, Cabot tweak deals; Sedgwick accelerated

By Sara Rosenberg

New York, Nov. 1 – Thor Industries Inc.’s U.S. term loan B made its way into the secondary market on Thursday and was quoted above its original issue discount, and Syncsort Inc.’s term loan freed up as well.

Switching to the primary market, Gray Television Inc. scaled back the size of its term loan B in connection with a decision to issue notes, and Walker & Dunlop Inc. increased the size of its term loan B and set pricing at the low end of guidance.

In addition, Cabot Microelectronics Corp. finalized the spread on its term loan B at the wide side of talk, and Sedgwick Claims Management Services Inc. moved up the commitment deadline on its term loan B.

Also, Celestica Inc., Openlink Financial LLC and Crown Paper Group released price talk with launch, and Algoma joined the near-term primary calendar.


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