United Pacific, WorldStrides, Clarivate free up; Cole-Parmer, Innovacare changes emerge

By Sara Rosenberg

New York, Oct. 28 – United Pacific firmed pricing on its term loan B at the low end of guidance, increased the Libor floor and adjusted the ticking fee on the delayed-draw portion of the loan before breaking for trading on Monday.

Specifically, pricing was set at Libor plus 400 basis points, the low end of the Libor plus 400 bps to 425 bps talk, the Libor floor was changed to 1% from 0% and some modifications were made to documentation.

Recommitments were due at noon ET and the term loan freed to trade in the afternoon, with levels quoted at 99½ bid, par ½ offered.

Also, WorldStrides finalized the spread on its add-on term loan B at the wide side of talk and then made its way into the secondary market, and Clarivate Analytics’ credit facilities freed to trade as well.

In other news, Cole-Parmer Instrument Co. (Curie Merger Sub LLC) set pricing on its first-lien term loan at the high side of talk and tightened the issue price, and Innovacare (MMM Holdings LLC) widened the spread, Libor floor and original issue discount on its term loan, and extended the call protection.

Additionally, HelpSystems, 84 Lumber Co., Grifols and FleetCor Technologies Inc. surfaced with plans to launch new loan transactions this week.

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