MKS Instruments changes emerge; Fleetpride, Revere Power, Perforce, US Salt release talk

By Sara Rosenberg

New York, Jan. 17 – In the primary market on Thursday, MKS Instruments Inc. lowered the spread on its incremental first-lien term loan and tightened the original issue discount.

The company flexed pricing on its $650 million seven-year incremental first-lien term loan B (Ba1/BB+) to Libor plus 225 basis points from Libor plus 250 bps and adjusted the original issue discount to 99 from talk in the range of 98 to 98.5, according to a market source.

Also, Fleetpride (Fastlane Parent Co. Inc.), Revere Power LLC, Perforce Software Inc. and US Salt LLC revealed price talk with launch.

Fleetpride launched its $620 million seven-year first-lien term loan (B-) at talk of Libor plus 450 bps with a 0% Libor floor, an original issue discount of 97 to 98 and 101 soft call protection for six months, a market source said.

Revere Power announced talk of Libor plus 425 bps with a 0% Libor floor, an original issue discount of 98.5 and 101 soft call protection for six months on its $445 million seven-year term loan B and $86 million seven-year term loan C, according to a market source.

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