Option Care, Life Time break; Ineos Quattro, Grab, Protective Industrial, Jane tweak deals

By Sara Rosenberg

New York, Jan. 19 – Option Care Health Inc. set the spread on its add-on term loan and repriced term loan at the low end of revised talk and firmed the issue price on the add-on piece at the tight side of revised guidance, and then the debt freed to trade on Tuesday, and Life Time Inc.’s term loan B made its way into the secondary market as well.

Meanwhile, in the primary market, Ineos Quattro increased the size of its first-lien term loan B, reduced pricing on the U.S. and euro tranches and updated original issue discount guidance, and Grab Holdings Inc. upsized its term loan B and trimmed the spread.

Also, Protective Industrial Products Inc. lowered the spread on its first-lien term loan and tightened the issue price, and Jane Street Group LLC cut pricing on its add-on term loan B and added a repricing of its existing term loan B to its transaction.

Additionally, ADT Inc. (Prime Security Services Borrower LLC), RV Retailer, UFC Holdings LLC, Inmarsat plc, Howden, Dun & Bradstreet Holdings Inc., Innovative XCessories & Services LLC (IXS Holding Inc.), Cambrex Corp., Focus Financial Partners Inc., Highline Aftermarket Acquisition LLC and Kestra Financial Inc. all released price talk with launch.

Furthermore, Forcepoint, AlixPartners LLP, Gannett Co. Inc., Howden Group Holdings Ltd., Resolute Investment Managers and Whole Earth Brands Inc. joined this week’s primary calendar.

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