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Published on 5/18/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Warner Music, Bombardier, L&W, Aramark, SRS Distribution break; Zekelman launches repricing

By Sara Rosenberg

New York, May 18 – Warner Music Group (WMG Acquisition Corp.) widened pricing on its term loan and, Bombardier Recreational Products Inc. increased the size of its term loan B and finalized the spread at the low end of guidance, and then both of these deals freed up for trading on Friday.

Also, L&W Inc. (Autokiniton US Holdings Inc.) changed the original issue discount on its term loan before making its way into the secondary market, and deals from Aramark Services Inc. and SRS Distribution Inc. broke too.

In more happenings, Zekelman Industries came to market with a repricing transaction, and Unitymedia Finance LLC surfaced with new deal plans.


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