Sophos, Element, Focus, LifePoint, ASM, OneDigital break; multiple deals revised

By Sara Rosenberg

New York, Jan. 16 – Sophos lowered the spread on its U.S. and euro first-lien term loan and eliminated a pricing step-down, and Element Materials Technology increased the size of its U.S. and euro add-on term loan B and finalized the original issue discount on the euro piece at the tight end of revised guidance, and then both of these deals freed to trade on Thursday.

Other deals to make their way into the secondary market during the session included Focus Financial Partners Inc., LifePoint Health Inc., ASM Global (SMG) and OneDigital.

In more happenings, BroadStreet Partners Inc. revised the issue price on its term loan B, First Eagle Investment Management LLC lowered pricing on its add-on term loan B and added a repricing and extension request for its existing term loan B, and Whatabrands LLC set the spread on its term loan B at the low end of talk and revised the issue price.

Also, Zekelman Industries firmed pricing on its term loan at the tight side of guidance, added a step-down and adjusted the issue price, Acuren (Rockwood Service Corp.) increased the size of its term loan B and tightened the spread and discount, Iridium Satellite LLC modified the issue price on its incremental term loan B, and Cision accelerated the commitment deadline for its term loan B.

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