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Published on 7/19/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Cypress, Arterra, Midcontinent break; HD Supply Waterworks, CPM, Interface tweak deals

By Sara Rosenberg

New York, July 19 – Cypress Semiconductor Corp. upsized its term loan B and finalized pricing at the low end of guidance before hitting the secondary market on Wednesday, and Arterra Wines Canada Inc. and Midcontinent Communications freed up as well.

In other news, HD Supply Waterworks Ltd. lowered the spread on its term loan B and tightened the original issue discount, and CPM Acquisition Corp. increased the sizes of its incremental first-lien term loan and second-lien term loan.

Also, Interface Security Systems LLC reduced the size of its revolver and widened the original issue discount on the tranche as well as on its term loan, and Duravant LLC (Engineered Machinery Holdings Inc.) accelerated the commitment deadline on its credit facilities.

Additionally, Albany Molecular Research Inc. and Culligan Holding Inc. came out with price talk with launch, and Accudyne Industries, Robertshaw US Holding Corp. and Victory Capital Operating LLC joined this week’s primary calendar.


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