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Published on 2/3/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Dell, Milk, Gray Television, KinderCare, WCA, WME, Change Healthcare, Daseke, CS&L break

By Sara Rosenberg

New York, Feb. 3 – Dell Technologies’ term loan freed to trade on Friday above its original issue discount, and deals from Milk Specialties, Gray Television Inc., KinderCare Education LLC, WCA Waste Corp. and WME IMG LLC hit the secondary market too.

Also, Change Healthcare finalized the spread on its term loan B at the low side of talk and adjusted the issue price, Daseke Inc. firmed pricing on its first-lien term loan at the low end of guidance and tightened the original issue discount, and Communications Sales & Leasing Inc. (CS&L) set the spread on its term loan at the high end of talk, and then all of these deals began trading as well.

In more happenings, Herbalife widened the spread and original issue discount on its term loan and sweetened the call protection, Mediware Information Systems Inc. reduced pricing on its first-lien term loan B and tightened the issue price, Give & Go Prepared Foods Corp. revised the issue price on its incremental term loan, and Ferro Corp. accelerated the commitment deadline on its term loan B.

Furthermore, Ennis-Flint, Gateway Casinos & Entertainment Ltd. and Minerals Technologies Inc. released price talk with launch, and WaveDivision Holdings LLC, Strategic Partners Acquisition Corp., US Foods Inc. and BBB Industries LLC surfaced with new deal plans.


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