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Published on 4/5/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

ConvergeOne, Axalta, Central Security, International Car break; Compass, Vyaire revised

By Sara Rosenberg

New York, April 5 – ConvergeOne Holdings Corp. upsized its term loan and Axalta Coating Systems Ltd. finalized the original issue discount on its term loan debt at the wide end of talk, and then both of these deals freed up for trading on Thursday.

Also, Central Security Group Inc. increased the size of its incremental first-lien term loan before hitting the secondary market in the afternoon, and International Car Wash Group’s term loan debt broke as well.

In more happenings, SBA Communications Corp. upsized its term loan B and set pricing at the high end of guidance, and American Greetings Corp. lifted the size of its term loan B, widened the spread and original issue discount, and extended the call protection.

Furthermore, Compass Group Diversified Holdings LLC firmed pricing on its term loan at the high side of talk, added a step-down and tightened the original issue discount, and Vyaire Medical Inc. raised pricing on its first-lien term loan, modified the issue price and sweetened the call premium.

Additionally, Heartland Dental LLC, Pelican Products Inc., LA Fitness (Fitness International LLC) and Clean Harbors Inc. released price talk with launch.


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