CoAdvantage, Autokiniton, Merrill, MKS break; CSC, APi, Shutterfly, Cerence, ALKU updated

By Sara Rosenberg

New York, Sept. 26 – CoAdvantage (AQ Carver Buyer Inc.) lifted the Libor floor on its first-lien term loan, extended the call protection and shortened the maturity, and Autokiniton Global Group finalized the original issue discount on its term loan B at the wide end of revised guidance, and then both deals freed to trade on Thursday.

Also, Merrill Corp. set pricing on its term loan at the low end of guidance, increased the Libor floor and modified documentation before making its way into the secondary market, and MKS Instruments Inc.’s term loan B-6 broke as well.

In other news, CSC Holdings LLC upsized its term loan B and tightened the issue price, APi Group Inc. trimmed the spread on its term loan B, and Shutterfly Inc. upsized its term loan, divided the debt into institutional and underwriter tranches, and set the issue price on the institutional piece at the wide side of revised talk.

Additionally, Cerence Inc. came out with a new round of changes, this time downsizing its term loan B, widening the spread and original issue discount again, adding a covenant and making further revisions to documentation.

Furthermore, ALKU LLC increased pricing on its term loan B, and Stonepeak Lonestar, HCA Inc. and SRS Distribution Inc. released price talk with launch.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.