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Unifrax slides with ratings cut; EG Group sets pricing; Chart Industries shops add-on loan
By Sara Rosenberg
New York, June 27 – In the secondary market on Tuesday, Unifrax (ASP Unifrax Holdings Inc.) saw its first-lien term loan weaken following a ratings downgrade by S&P Global Ratings.
Moving to the primary market, EG Group finalized spreads and original issue discounts on its amended and extended U.S., euro, sterling and Australian dollar first-lien term loans, but has not yet confirmed tranche sizes.
Also, Chart Industries Inc. approached investors with a fungible add-on term loan B and released original issue discount guidance on the debt.
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