MYOB, Spring Education, Windstream Services break; New Fortress Energy changes emerge

By Sara Rosenberg

New York, March 8 – MYOB firmed the spread on its U.S. first-lien term loan at the low end of talk, added a step-down and tightened the original issue discount, and Spring Education Group modified the issue price on its incremental first-lien term loan, and then both of these deals freed to trade on Friday.

MYOB’s term loan was quoted at 99 5/8 bid, 100 1/8 offered, another source added.

Spring’s incremental term loan was seen at 99¼ bid, 99¾ offered, the source added.

Another deal to make its way into the secondary market during the session was Windstream Services LLC’s debtor-in-possession financing facility.

Windstream’s $500 million covenant-light term loan was quoted at 99 7/8 bid, 100 3/8 offered, according to a market source.

In more happenings, New Fortress Energy (NFE Atlantic Holdings LLC) reduced the size of its term loan B, lifted the spread, widened the original issue discount and sweetened the call protection.

Also, XPO Logistics Inc. came to market with an incremental term loan B-1, and Aptean and Consol Energy Inc. joined the near-term primary calendar.

Aptean set a bank meeting for 10 a.m. ET on Wednesday to launch a $350 million covenant-light first-lien term loan.

Consol Energy emerged with plans to hold a call at 1:30 p.m. ET on Monday to launch a new loan deal to existing and prospective lenders.

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