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Published on 6/26/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Coveris, Energy Future break; INC Research, Belmond, Vivid, Sterling, Klockner revised

By Sara Rosenberg

New York, June 26 – Coveris Holdings SA shifted some funds between its U.S. and euro first-lien term loans, and then the U.S. tranche made its way into the secondary market on Monday, and Energy Future Intermediate Holding Co. LLC’s debtor-in-possession financial facility began trading too.

In more happenings, INC Research Holdings Inc. reduced the size of its term loan B, added a pricing step-down and tightened the original issue discount, and increased the size of its term loan A, and Belmond Interfin Ltd. finalized spreads on its U.S. and euro term loans at the low side of guidance and modified the issue price on the euro tranche.

Also, Vivid Seats LLC tightened the spread and original issue discount on its term loan B, Sterling Talent Solutions adjusted the issue price on its incremental term loan B and extension fee on its existing term loan B, and Klockner Pentaplast downsized its U.S. and euro term loans and increased pricing.

Additionally, Zayo Group LLC, Interface Security Systems LLC, Power Products LLC and NFP Corp. released price talk with launch, and DexKo Global Inc. joined this week’s primary calendar.


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