SFR Group, Ancestry.com, KinderCare, Klockner, TransDigm, ConvaTec break; MGM Growth softens

By Sara Rosenberg

New York, Oct. 14 – SFR Group reduced the size of its U.S. term loan B-10 and firmed the spread at the high end of guidance, increased the size of its euro term loan while setting the spread at the low end of talk and modifying the issue price, and then freed up for trading on Friday.

Ancestry.com Operations Inc. moved funds between its first- and second-lien term loans, KinderCare Education LLC (Kuehg Corp.) finalized pricing on its first-lien term loan at the tight end of talk, and Klockner Pentaplast tightened spread and issue price on its euro term loan, and then these deals hit the secondary market as well.

Also breaking for trading were deals from TransDigm Group Inc. and ConvaTec Healthcare Inc., and MGM Growth Properties Operating Partnership LP’s term loan weakened with news of an upcoming lender call.

Back in the primary market, Universal Fiber Systems LLC upsized its well-received incremental first-lien term loan and modified the original issue discount, and Applied Systems Inc. and Mitchell International Inc. accelerated the commitment deadlines on their add-on first-lien term loans.

In addition, Cardenas Markets and Filtration Group Corp. joined the near-term new issue calendar.

In other news, Mohegan Tribal Gaming Authority closed on its $1.4 billion senior secured credit facility (B1/B).

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