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Published on 10/18/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Nexstar breaks; Juice Plus+, Holley/Driven, Surgery Partners, Authentic Brands update

By Sara Rosenberg

New York, Oct. 18 – Nexstar Broadcasting Group Inc.’s term loan B made its way into the secondary market on Thursday and the debt was seen trading above its issue price.

Over in the primary market, Juice Plus+ (JP Intermediate II LLC) upsized its term loan, lowered the spread and modified the original issue discount, and Holley Performance Products/Driven Performance Brands (Holley Purchaser Inc.) lifted pricing, widened the issue price and extended the call protection on its funded term loan.

Also, Surgery Partners Inc. (Surgery Center Holdings Inc.) increased the size of its incremental term loan and firmed the issue price at the tight end of guidance, and Authentic Brands Group LLC (ABG Intermediate Holdings 2 LLC) set the issue price on its incremental first-lien term loan at the narrow side of talk.

Furthermore, First Eagle Holdings Inc., Walker & Dunlop Inc. and McAfee LLC revealed price talk with launch, and Gray Television Inc., Cabot Microelectronics Corp. and Concrete Pumping Holdings Inc. came out with timing on the launch of their term loans.


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