Ancestry, Imprivata, Packers Holdings, Albaugh free to trade; Mattress Firm, Claros revised

By Sara Rosenberg

New York, Nov. 24 – Ancestry.com (Arches Buyer Inc.) reduced the size of its first-lien term loan, lowered the spread, firmed the original issue discount at the tight end of guidance and extended the call protection before it broke for trading on Tuesday.

Also, Imprivata upsized its first-lien term loan B, set pricing at the high end of talk and added step-downs based on leverage and based on an initial public offering, and then it made its way into the secondary market as well.

Furthermore, Packers Holdings LLC (PSSI) upsized its incremental first-lien term loan and modified the issue price ahead of freeing up for trading during the session, and Albaugh LLC’s incremental term loan B broke too.

In more happenings, Mattress Firm widened the spread and original issue discount on its term loan B from initial talk and sweetened the call protection, and Claros Mortgage Trust Inc. increased the size of its incremental term loan B.

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