Warner Music frees to trade; Covetrus, Citrix update loan terms; Farfetch releases talk

By Sara Rosenberg

New York, Sept. 20 – Warner Music Group (WMG Acquisition Corp.) set the spread on its incremental first-lien term loan at the low end of guidance and tightened the original issue discount, and then the debt freed to trade on Tuesday afternoon.

Also, Covetrus Inc. (Corgi BidCo Inc.) finalized the issue price on its first-lien term loan at the wide side of revised guidance, and Citrix Systems Inc. (Tibco Software Inc.) modified the original issue discount on its U.S. and euro term loan Bs.

Furthermore, Farfetch US Holdings Inc. approached investors in the morning with a new term loan B and announced price talk on the transaction, and Generation Bridge II LLC and Ontic (Bleriot US Bidco Inc.) joined this week’s primary calendar with plans for incremental term loans.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.