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Published on 11/4/2020 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Wheel Pros scales back deal size, dividend; Townsquare Media shelves extension request

By Sara Rosenberg

New York, Nov. 4 – Wheel Pros reduced the size of its first-lien term loan, revised price talk to the high end of guidance, widened the original issue discount and extended the call protection, and scaled back its second-lien term loan amount as well.

In other news, Townsquare Media Inc. withdrew from market its proposal to extend its term loan B as a result of unfavorable conditions.


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