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Published on 8/9/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

First Brands, Allied, Rockwood, Four Seasons, J&J break; Barnes, Cushman, ASGN revised

By Sara Rosenberg

New York, Aug. 9 – First Brands Group LLC increased the size of its incremental first-lien term loan, and Allied Universal Holdco LLC (Atlas LuxCo Sarl) came to market in the morning with an incremental first-lien term loan and upsized the tranche shortly thereafter, and then both of these deals freed to trade on Wednesday afternoon.

Also, Rockwood Service Corp. (Acuren) upsized its incremental first-lien term loan B and adjusted the issue price before breaking for trading, and deals from Four Seasons Hotels Ltd. and J&J Ventures Gaming Inc. emerged in the secondary market as well.

In more happenings, Barnes Group Inc. upsized its term loan B, trimmed the spread and tightened the original issue discount, Cushman & Wakefield lifted the size of its term loan B, lowered the spread and adjusted the issue price, and ASGN Inc. modified price talk on its term loan B to the low end of initial guidance and revised the original issue discount.

Additionally, Installed Building Products Inc. added CSA to its term loan B, Tacala Cos. accelerated the commitment deadline for its add-on first-lien term loan, StandardAero (Dynasty Acquisition Co.) released price talk with launch, and PlayCore joined this week’s primary calendar.


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