Westinghouse, Spring Education, Electro Rent, CEVA, Ball Metalpack, Navistar, PSAV break

By Sara Rosenberg

New York, July 26 – Westinghouse Electric Co. (Brookfield WEC Holdings Inc.) revised its term loan sizes, set the spread on its first-lien tranche at the low side of guidance, reduced pricing on its second-lien tranche, tightened original issue discounts on both pieces and then freed to trade on Thursday.

Also, Spring Education Group (SSH Group Holdings Inc.) firmed pricing on its first-and second-lien term loans at the low end of talk and modified the discount on the first-lien tranche, and Electro Rent Corp. finalized the issue price on its incremental first-lien term loan at the tight end of guidance, and then both of these deals hit the secondary market too.

Other deals to break for trading during the session included CEVA Logistics Finance BV, Ball Metalpack, Navistar Financial Corp., PSAV and MW Industries Inc.

In more happenings, Alera Group increased the size of its term loan B, set pricing at the low end of guidance and tightened the original issue discount, and Valtris Specialty Chemicals (Polymer Additives Inc.) revised the call protection on its term loan and made some documentation changes.

Additonally, Advisor Group Inc., AIS HoldCo LLC (Affinion Insurance Solutions), Newport Group and Vivint (APX Group Inc.) disclosed price talk with launch, and Herbalife Nutrition Ltd., Boyd Corp., Tritech Software Systems Inc./Superion LLC/Aptean Software LLC and SI Group joined the near-term primary calendar.

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