Cypress, Strategic Materials, FLY Leasing, Ravago, Nellson, MHS break; J.C. Penney softens

By Sara Rosenberg

New York, Oct. 27 – Cypress Performance Group, Strategic Materials Inc., FLY Leasing, Ravago Holdings America Inc., Nellson Nutraceutical and MHS (Material Handling Systems) all freed up for trading on Friday, and J.C. Penney Co. Inc.’s term loan fell as the company updated its full-year earnings outlook.

Over in the primary market, Lumos Networks Corp. (MTN Infrastructure TopCo Inc.) added an unfunded term loan B to its transaction and lowered the spread on its funded term loan B tranche, and Argon Medical Devices Holdings Inc. cut pricing on its first-and second-lien term loans and modified the issue price on the second-lien debt.

Also, Springer Nature revised the issue price on its add-on term loan B-12 and Davis Vision-Superior Vision accelerated the commitment deadline on its term loans.

In addition, Greatbatch Ltd. (Integer Holdings Corp.) came to market with a repricing of its existing term loan B, and RCN Grand Wave and Ineos Styrolution Group GmbH joined the near-term calendar.

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