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Published on 11/4/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

United Site breaks; Echo Global, Ineos, Marlink tweak deals; Monotype, Apex accelerated

By Sara Rosenberg

New York, Nov. 4 – United Site Services (PECF USS Intermediate Holding III Corp.) increased the size of its term loan B, lowered pricing and modified the issue price before making its way into the secondary market on Thursday.

In more happenings, Echo Global Logistics moved some funds between its first- and second-lien term loans, and tightened the spread and original issue discount on the first-lien tranche, and Ineos Group Holdings reworked its U.S. and euro term loan sizes, trimmed pricing on the U.S. tranche and revised issue prices on both pieces.

Also, Marlink Group firmed the spread on its U.S. and euro term loans at the high end of guidance, eliminated step-downs, widened the original issue discount and extended the call protection, and Monotype Imaging Holdings Inc. and Apex Group accelerated the commitment deadlines for their loan transactions.

Furthermore, Golden West Packaging Group LLC, NEP Group Inc. and Angus Chemical Co. released price talk with launch, and Driven Brands, Brooks Automation Inc. (Altar BidCo Inc.), Covanta Holding Corp., S&S Holdings LLC and TRC Cos. Inc. joined the near-term primary calendar.


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