Westinghouse Electric breaks; Electronics For Imaging, Corel, ERM deal updates surface

By Sara Rosenberg

New York, June 25 – Westinghouse Electric Co. (Brookfield WEC Holdings Inc.) increased the size of its incremental first-lien term loan and modified the original issue discount, and then the debt freed up for trading on Tuesday.

In more happenings, Electronics For Imaging Inc. modified spread talk on its first-and second-lien term loans to the wide end of prior guidance, and widened issue price talk on both tranches.

Also, Corel Corp. moved some funds between its first-and second-lien term loans, and revised original issue discount talk and call protection on the first-lien tranche, and ERM lowered spreads on its U.S. and euro first-lien term loans and adjusted issue price guidance.

Additionally, Anchor Packaging LLC released price talk on its first-lien term loan debt with launch, Belfor Holdings Inc. came to market with an add-on term loan B, and Output Services Group Inc. (OSG Billing Services) joined this week’s calendar.

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