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Published on 8/12/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Savage, Eastman, BakeMark, PetVet, System One, Wheel Pros, Mariner, Radiology, Vistage break

By Sara Rosenberg

New York, Aug. 12 – Savage Enterprises LLC firmed pricing on its first-lien term loan B at the low end of talk and eliminated the step-down, Eastman Tire Additives (Flexsys Inc.) widened the spread and issue price on its term loan B, and BakeMark USA LLC (Balrog Acquisition Inc.) trimmed pricing on its first-lien term loan and set the original issue discount at the tight end of guidance, and then these deals broke for trading on Thursday.

Also, prior to freeing up, PetVet Care Centers LLC modified the issue price on its incremental first-lien term loan B-3, System One Holdings LLC set the spread on its term loan at the high end of talk but tightened the issue price, Wheel Pros Inc. changed the original issue discount on its incremental first-lien term loan, and Mariner Wealth Advisors finalized pricing on its term loans at the low end of talk.

Additionally, Radiology Partners Inc. finalized the original issue discount on its incremental first-lien term loan at the tight side of guidance and then began trading, and Vistage International Inc.’s add-on term loan made its way into the secondary market as well.

In more happenings, Veritas Technologies upsized its U.S. and euro add-on term loan, outlined tranche sizes and updated original issue discounts, and Greatbatch Ltd. (Integer), HighTower Holding LLC and Alight Solutions released price talk with launch.


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