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Published on 12/15/2020 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Aspen Dental, E.W. Scripps, Cano Health, Weld North, BlueCrest, MI Windows free to trade

By Sara Rosenberg

New York, Dec. 15 – Aspen Dental Management finalized pricing on its incremental term loan B at the narrow end of talk and adjusted the original issue discount, and E.W. Scripps Co. increased the size of its incremental first-lien term loan B, firmed the spread at the low end of revised guidance, added a step-down and updated the issue price, and then both of these deals hit the secondary market on Tuesday.

Also, before breaking during the session, Cano Health LLC lowered pricing on its funded and delayed-draw first-lien term loans, Weld North Education LLC set the spread on its first-lien term loan debt at the low end of talk and changed the original issue discount on the incremental piece, and BlueCrest (DMT Solutions Global Corp.) downsized its term loan B, widened the issue price and sweetened the call protection.

Another deal to make its way into the secondary market during the session was MI Windows and Doors Inc.’s term loan B.

In other news, Cloudera Inc. tightened spread talk and the original issue discount on its term loan B, Service King Collision Repair Centers upsized its term loan B and adjusted the spread and issue price, PointClickCare cut pricing and modified the original issue discount on its first-lien term loan B, and Lakeview Loan Servicing LLC downsized its term loan B.


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