Victory Capital, Idera break; Cengage slides; Janus, Gopher, Weld North, Axilone updated

By Sara Rosenberg

New York, Feb. 8 – Victory Capital Holdings Inc. and Idera Inc.’s new loans freed up for trading on Thursday, Victory’s after an upsize to its term loan B. Meanwhile Cengage Learning Inc.’s term loan weakened with quarterly earnings results that showed a year-over-year decline in adjusted EBITDA.

Also, Janus International Group LLC moved some funds between its first-and second-lien term loans and cut the spread on the first-lien tranche, and Gopher Resource LLC lifted the size of its term loan, lowered pricing, added a step-down and adjusted the issue price.

In addition, Weld North Education LLC widened the spread and original issue discount on its term loan B while also sweetening the call protection, Axilone firmed issue prices on its U.S. and euro first-lien term loans, and Invictus (Fire Safety and Oil Additives Divisions of Israel Chemicals Ltd.) accelerated the commitment deadline on its credit facilities.

Furthermore, Charter NEX US Inc., Overseas Shipholding Group Inc., Boyd Corp. and Sparta Systems Inc. released price talk with launch and TTM Technologies Inc. and Openlink Financial LLC are getting ready to bring their new deals to market.

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