Tekni-Plex, Sovos, Pilot Travel, Allen Media, Alvogen break; Hyperion Materials updated

By Sara Rosenberg

New York, July 29 – Tekni-Plex Inc. (Trident TPI Holdings Inc.) added a delayed-draw first-lien term loan to its transaction and a leverage-based pricing step-down, trimmed the Libor floor and tightened the original issue discount, before freeing up for trading on Thursday.

Other deals to make their way into the secondary market on Thursday included Sovos Compliance LLC, Pilot Travel Centers LLC, Allen Media LLC and Alvogen Pharma US Inc.

In more happenings, Hyperion Materials & Technologies upsized its first-lien term loan, lowered the spread and modified the issue price.

Also, Duravant LLC (Engineered Machinery Holdings Inc.), Western Dental (Premier Dental Services Inc.), Sotheby’s and Mariner Wealth Advisors released price talk with launch, and Vistage International Inc. surfaced with new deal plans.

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