SUSE, Ceva Sante break; Forward Air steady as Omni purchase may unravel; Cetera updated

By Sara Rosenberg

New York, Oct. 26 – SUSE (Marcel BidCo) set the sizes of its U.S. and euro term loan B tranches, finalized the original issue discount on the loans at the tight end of guidance and made some changes to documentation before freeing up for trading on Thursday, and Ceva Sante’s U.S. term loan B emerged in the secondary market as well.

Also, Forward Air Corp.’s (Clue Opco LLC) term loan B levels were unchanged in trading as the company disclosed that it may potentially terminate its merger agreement with Omni Logistics LLC.

In more happenings, Cetera Financial Group Inc. (Aretec Group Inc.) finalized the original issue discount on its incremental first-lien term loan at the wide end guidance.

SUSE firmed its U.S. seven-year covenant-lite term loan B size at $675 million and its euro seven-year covenant-lite term loan B size at €550 million, versus talk at launch of a $1.255 billion equivalent U.S. and euro term loan with the split to be determined, and set the original issue discount on both term loans (B2/B+) at 98.5, the tight end of the 98 to 98.5 talk, a market source said.

Additionally, revisions were made to documentation.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.