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HUB, Avolon, Covanta, Phinia, Bowlero break; RxBenefits, Samsonite accelerate deadlines
By Sara Rosenberg
New York, June 8 – HUB International Ltd. increased the size of its term loan B, added a ratings-based pricing step-down and modified the issue price, Avolon upsized its first-lien term loan B-6, and Covanta Holding Corp. lowered pricing on its term loan B and term loan C and revised the original issue discount on the tranches, and then these deals made their way into the secondary market on Thursday.
Also, before breaking for trading, Phinia Inc. downsized its term loan B, and widened the spread and issue price, and Bowlero Corp. lifted the size of its add-on term loan and set the original issue discount at the tight end of guidance.
In more happenings, RxBenefits Inc. (RXB Holdings Inc.) and Samsonite International SA moved up the commitment deadlines for their term loans, and EG Group joined the near-term calendar with an amendment and extension transaction.
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