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Published on 11/14/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

California Resources, BroadStreet, Utz, ON Semi, Wabash break; National Vision revised

By Sara Rosenberg

New York, Nov. 14 – California Resources Corp. firmed the spread on its term loan at the low end of revised guidance and BroadStreet Partners Inc. set pricing on its term debt at the tight side of talk, and then both of these deals freed up for trading on Tuesday.

Other deals to emerge in the secondary market during the session included Utz Quality Foods LLC, ON Semiconductor Corp. and Wabash National Corp.

Back in the primary market, National Vision Inc. raised pricing on its first-lien term loan and added a rating-based step-down, and Packers Sanitation Services Inc., ExGen Renewables IV LLC and Excelitas Technologies Corp. accelerated the commitment deadlines on their loans.

Also, US Foods Inc., Go Daddy Operating Co. LLC, Blucora Inc., Veresen Midstream LP, Lions Gate Entertainment Corp., 84 Lumber Co., NXT Capital Inc., Equinox Holdings Inc. and Alight Solutions released price talk with launch.

Furthermore, Lantheus Medical Imaging Inc., Diamond Resorts International Inc. and Floor & Decor emerged with new deal plans.


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