Carnival, MetroNet, West Marine, Maximus, Certara, U.S. Concrete break; PQ, Conduent revised

By Sara Rosenberg

New York, May 26 – Carnival Corp. set pricing on its U.S. term loan B at the narrow side of revised talk and lowered the spread on its euro term loan B, and MetroNet set the spread on its first-lien term loan debt at the low end of talk and revised the original issue discount, and then both of these deals freed to trade on Wednesday.

Also, before breaking for trading, West Marine Inc. (Rising Tide Holdings Inc.) increased the size of its first-lien term loan and set pricing at the low end of talk, and finalized the spread and original issue discount on its second-lien term loan at the tight side of guidance.

In addition, Maximus Inc. set the issue price on its first-lien term loan B at the tight end of talk, Certara firmed the spread on its term loan at the high side of guidance and the original issue discount at the tight end of talk, and U.S. Concrete Inc. finalized the spread on its term loan B at the low end of talk and adjusted the issue price, and then these deals began trading as well.

Furthermore, PQ Corp. firmed pricing on its term loan B at the low end of talk and tightened the issue price, Conduent widened price talk on its term loan B, and Protective Industrial Products and Ilpea Industries Inc. surfaced with new deal plans.

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