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Published on 11/3/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Edelman, Office, Western Digital, TerraForm, Lyons, Ineos, VC GB, Accuride, Unifrax break

By Sara Rosenberg

New York, Nov. 3 – The secondary market on Friday saw a number of deals free up for trading, including Edelman Financial Center LLC, Office Depot Inc., Western Digital Corp., TerraForm Power Operating LLC, Lyons Magnus Inc., Ineos Styrolution Group GmbH and VC GB Holdings Inc.

Also, Accuride Corp. lowered pricing on its add-on term loan and repricing transaction, tightened the issue price on the add-on tranche and extended the call protection, and Unifrax raised the size of its add-on first-lien term loan, set pricing on its second-lien term loan at the low end of talk and revised the issue prices on both pieces of debt, and then both of these deals broke for trading as well.

In more happenings, Acrisure LLC downsized its term loan, cut pricing and sweetened the call premium, Sage Automotive Interiors Inc. trimmed the spread on its incremental first-lien term loan and Azelis Finance SA finalized pricing on its U.S. and euro term loans at the low side of guidance.

Furthermore, Packers Sanitation Services Inc., ExGen Renewables IV LLC, Excelitas Technologies Corp. and Summit Materials LLC joined the near-term calendar.


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