Axalta, Focus, Asurion, Civitas, Xplornet break; Hyland, KAR, SiteOne, Petmate tweak deals

By Sara Rosenberg

New York, May 22 – Axalta Coating Systems U.S. Holdings Inc.’s term loan made its way into the secondary market on Monday, as did deals from Focus Financial Partners, Asurion LLC, Civitas Solutions Inc. (National Mentor Holdings Inc.) and Xplornet Communications Inc.

Switching to the primary market, Hyland Software Inc. moved some funds between its first- and second-lien term loans, reduced the spread on the second-lien tranche and tightened issue prices on both loans, and KAR Auction Services Inc. upsized its term loan B-3 and finalized the issue price on the tranche, as well as on its term loan B-2, at the tight side of guidance.

In addition, SiteOne Landscape Supply Inc. added a pricing step-down to its term loan, Petmate raised the spread on its term loan, TRC Cos. Inc. and CityMD moved up the commitment deadlines on their credit facilities, and Ortho-Clinical Diagnostics placed its add-on term loan B with investors and, as a result, cancelled its previously planned lender call and associated syndication.

Also, SuperValu Inc., Pharmaceutical Product Development LLC (Jaguar Holding Co. II), Gypsum Management and Supply Inc. (GYP Holdings III Corp.) and Schumacher (Onex Schumacher Finance LP) released talk with launch.

Furthermore, EagleClaw Midstream Ventures LLC, Frontier Communications Corp., Virtu Financial Inc. (VFH Parent LLC), Plasman Group, ConvergeOne Holdings Corp. and High Liner Foods Inc. joined this week’s primary calendar.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.