Momentive Performance, Transact, AppLovin, Blackstone Mortgage deal revisions surface

By Sara Rosenberg

New York, April 16 – Momentive Performance Materials Inc. (MPM Holdings Inc.) on Tuesday reduced its U.S. term loan size as a euro term loan tranche was added to the transaction and tightened the spread and original issue discount on the U.S. piece.

Also, Transact (RCP Vega Inc.) lifted pricing on its term loan, added a step-down and widened the issue price, AppLovin Corp. modified the original issue discount on its incremental first-lien term loan, and Blackstone Mortgage Trust Inc. finalized the spread on its term loan B at the low end of guidance and modified the issue price.

Furthermore, Process Solutions and Flow Control (FR Flow Control Luxco 1 Sarl) released price talk on their loan transactions with launch, and Wells Enterprises Inc. and GlobalTranz Enterprises Inc. joined the near-term calendar.

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