West, Hornblower, Tekni-Plex, Rocket break; Fleetpride, Loperex, Grosvenor, more updated

By Sara Rosenberg

New York, March 28 – West Corp. increased the size of its term loan B-1, lowered pricing, added a step-down, firmed the issue price at the midpoint of talk and tweaked the call protection, and Hornblower finalized the original issue discount on its term loan at the tight end of talk, and then both of these deals freed to trade on Wednesday.

Also, Tekni-Plex Inc. finalized the issue price on its incremental term loan at the tight end of guidance before hitting the secondary market during the session, and Rocket Software Inc.’s term loan debt broke as well.

In more happenings, Fleetpride (FPC Holdings Inc.) reworked first-and second-lien term loan sizes, spreads, floors, original issue discounts and call protection, Loparex International Holding BV trimmed pricing on its term loan and tightened the issue price, and Grosvenor Capital Management set the spread on its term loan B at the low side of talk and revised the original issue discount.

Furthermore, Trilliant Food & Nutrition firmed pricing on its term loan B at the wide side of talk, Wyndham Hotels & Resorts Inc. reduced the spread on its term loan B and adjusted the issue price, and McDermott International Inc. upsized its term loan.

Additionally, Filtration Group Corp. cut pricing on its U.S. term loan, firmed the spread on its euro term loan at the low end of guidance and tightened original issue discounts on both tranches.

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