Telenet breaks; Dynatrace, Lumentum, Newport update deals; Navex, Compuware accelerated

By Sara Rosenberg

New York, Aug. 7 – Telenet widened the original issue discount on its add-on U.S. term loan AN and firmed sizes on its AN and AO tranches, before freeing the debt up for trading during Tuesday’s market hours.

In more happenings, Dynatrace tightened spreads and issue prices on its first-and second-lien term loans, and Lumentum Holdings Inc. firmed pricing on its term loan at the low side of talk, added a step-down and modified the original issue discount.

Also, Newport Group set pricing on its first-lien term loan at the high end of guidance, and Navex Global Inc. and Compuware Corp. moved up the commitment deadlines on their credit facilities.

Furthermore, Bay Club (Bulldog Purchaser Inc.), 24-7 Intouch, Cypress Semiconductor Corp., Alion Science & Technology Corp. and Hoffmaster Group Inc. disclosed price talk with launch, and Jane Street and Cole-Parmer Instrument Co. (CPI Holdco LLC) surfaced with new deal plans.

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