Whatabrands, Pike, Sotera Health, Grocery Outlet update loan terms, free to trade

By Sara Rosenberg

New York, July 19 – Whatabrands LLC (Whataburger) finalized the spread on its term loan B at the low end of guidance, added a step-down and tightened the original issue discount, and Pike Corp. reduced pricing on its term loan B and set the issue price at the narrow side of talk, and then both of these deals made their way into the secondary market on Friday.

Also before freeing up for trading, Sotera Health Holdings LLC set the spread on its incremental first-lien term loan at the low end of talk, and Grocery Outlet Inc. (GOBP Holdings Inc.) firmed pricing on its term loan B at the high end of guidance and added a ratings-based step-down.

In other news, LegalShield joined the near-term primary calendar, and Access CIG LLC came out with details on its proposed incremental first-lien term loan.

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