Vivint rises on acquisition; Guggenheim updated; Axalta, American Axle, BRP accelerated

By Sara Rosenberg

New York, Dec. 6 – Vivint Smart Home Inc.’s term loan headed higher by a few points in the secondary market on Tuesday following news that the company is being acquired by NRG Energy Inc.

In more happenings, Guggenheim Partners Investment Management Holdings finalized the spread on its term loan B at the low end of guidance and tightened the original issue discount.

Also, Axalta Coating Systems Ltd., American Axle & Manufacturing Inc. and BRP Inc. (Bombardier Recreational Products Inc.) moved up the commitment deadlines for their term loans.

Furthermore, Summit Materials, First Brands Group LLC and Hayward Industries Inc. all approached lenders during the session with term loan transactions, and Dealer Tire joined this week’s primary calendar.

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