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Published on 6/19/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Veritas Technologies breaks; Surgery Center, Switch, Atkins, Zelis Healthcare update

By Sara Rosenberg

New York, June 19 – Veritas Technologies Corp.’s U.S. first-lien term loan made its way into the secondary market on Monday with levels quoted above its original issue discount.

Meanwhile, in the primary market, Surgery Center Holdings Inc. firmed the spread on its term loan at the low end of talk, added a step-down and modified the original issue discount, and Switch Ltd. upsized its term loan B and revolver and trimmed pricing on its term loan B while also adding a step-down and adjusting the issue price.

Also, Atkins Nutritionals Inc. finalized pricing on its term loan B at the tight side of guidance, Zelis Healthcare tightened the spread and original issue discount on its term loan B and DHX Media Ltd. accelerated the commitment deadline on its term loan B.

Furthermore, PDC Brands (Parfums Holding Co. Inc.), Ascend Learning LLC, New Media Investment Group Inc., Central Security Group Inc., Intrawest Resorts Holdings Inc. (Hawk Holding Co. LLC) and Global Brass and Copper Holdings Inc. released price talk with launch, and ProQuest LLC, Bowlmor AMF and Venator Materials plc joined this week’s primary calendar.


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