Innovative Water Care, Neustar revisions surface; MYOB sets talk; near-term calendar builds

By Sara Rosenberg

New York, Feb. 25 – Innovative Water Care Global Corp. increased the size of its first-lien term loan on Monday, firmed pricing on the first-lien loan, as well as on its second-lien loan, at the high side of guidance, and modified Libor floors and issue prices on both tranches.

Another deal to disclose changes during the session was Neustar Inc., as the company widened the spread and original issue discount on its incremental term loan.

In other news, MYOB released price talk on its U.S. first-lien term loan in connection with its bank meeting, and Travelport Worldwide Ltd., Quorum Business Solutions (QBS Parent Inc.), Equinox Holdings Inc. and Spring Education Group joined this week’s primary calendar.

Travelport emerged with plans to hold a bank meeting on Thursday to launch $3.3 billion of term loans, according to a market source.

Quorum Business Solutions set a lender call for 1:30 p.m. ET on Tuesday to launch a $90 million covenant-light incremental first-lien term loan due September 2025.

Equinox Holdings schedule a lender call for Tuesday to launch a non-fungible $200 million incremental term loan (B1), a market source said.

Spring Education Group is expected to hold a lender call on Wednesday to launch a $106 million incremental first-lien term loan, according to a market source.

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