Carestream, AMG, Pelican, Draslovka, Fender break; Covanta, Brooks Automation changes emerge

By Sara Rosenberg

New York, Nov. 16 – Carestream Dental Equipment Inc. firmed pricing on its incremental first-lien term loan at the high end of talk, and AMG Advanced Metallurgical Group NV finalized the spread and issue price on its term loan B at the wide side of guidance, and then these deals freed to trade on Tuesday.

Also, before breaking for trading, Pelican Products Inc. set pricing on its first-lien term loan at the low end of talk, Draslovka Holding (Manchester Acquisition Sub LLC) revised the size and the original issue discount of its term loan, and Fender Musical Instruments Corp. upsized its term loan, trimmed the spread and changed the issue price.

In other news, Covanta Holding Corp. lowered pricing and revised the original issue discount on its term loans, and Brooks Automation Inc. (Altar BidCo Inc.) increased the size of its first-lien term loan, and trimmed spreads on its first- and second-lien tranches.

Additionally, Ascend Learning LLC, Kraton Corp. and Ascensus accelerated the commitment deadlines for their term loan transactions.

Furthermore, Davis-Standard and Duly Health & Care (Midwest Physician Administrative Services LLC) released price talk with launch, and Digi International and Solmax joined this week’s primary calendar.

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