Lumentum, Dynatrace break; Herbalife, AppLovin, Compuware, BJ’s Wholesale tweak deals

By Sara Rosenberg

New York, Aug. 8 – Lumentum Holdings Inc.’s term loan made its way into the secondary market on Wednesday and was seen trading above its original issue discount, and Dynatrace’s bank debt broke for trading as well.

Moving to the primary market, Herbalife Nutrition Ltd. upsized its revolver, term loan A and term loan B, and tightened the spread and original issue discount on the B loan, and AppLovin Corp. lifted pricing on its term loan B and added a step-down.

Also, Compuware Corp. lowered the spread and modified the original issue discount on its first-lien term loan, BJ’s Wholesale Club Inc. reduced the size of its first-lien term loan, and Cole-Parmer Instrument Co. (CPI Holdco LLC) and Advanced Computer Software (Air Newco LP) released talk with launch.

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