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Published on 10/6/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Trace3, Inmar break; ExamWorks, APi, Carnival changes emerge; Trade Me, IMA accelerated

By Sara Rosenberg

New York, Oct. 6 – Trace3 (Escape Velocity Holdings Inc.) set the spread on its first-lien term loan at the low end of talk and revised the issue price, and Inmar Inc. increased the size of its incremental first-lien term loan and firmed the original issue discount at the tight end of guidance, and then these deals made their way into the secondary market on Wednesday.

Also, ExamWorks lowered price talk on its first-lien term loan and removed one margin step-down, APi Group Inc. modified the original issue discount on its incremental first-lien term loan B, and Carnival Corp. upsized its first-lien term loan B.

In addition, Trade Me Group Ltd. (Titan Acquisitionco) and IMA Financial Group accelerated the commitment deadlines for their term loans.

Furthermore, Primary Products Finance LLC and Informatica LLC released price talk with launch, and LaserShip Inc., Clubessential (CE Intermediate I LLC) and HelpSystems (HS Purchaser LLC) joined this week’s primary calendar.


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