Ciena frees to trade; APi Group lifted with paydown news; Greenway softens with downgrade

By Sara Rosenberg

New York, Jan. 12 – Ciena Corp. increased the size of its term loan B, lowered the spread and tightened the original issue discount, and then the debt made its way into the secondary market on Thursday.

Also, APi Group Corp.’s 2021 term loan was a little higher in trading after the company announced that it recently repaid some of the debt, and Greenway Health LLC’s term loan moved lower following a downgrade by Moody’s Investors Service of the company’s corporate family and senior secured bank credit facilities ratings.

In more happenings, Nord Anglia Education (Fugue Finance) joined this week’s primary calendar with U.S. and euro term loans that will extend and refinance existing first-lien term loan debt.

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