Lummus, Intelsat break; Ventia sets tranching; Ultimate Software discloses guidance

By Sara Rosenberg

New York, June 16 – Lummus Technology (Illuminate Buyer LLC) lowered the spread on its first-lien term loan and tightened the original issue discount before freeing up for trading on Tuesday, and Intelsat Jackson Holdings SA’s debtor-in-possession term loan surfaced in the secondary market as well.

In other news, Ventia Finco Pty Ltd. reduced the size of its incremental term loan and set U.S. and Australian tranche sizes, and HelpSystems (HS Purchaser LLC) accelerated the commitment deadline for its incremental first-lien term loan.

Also, Ultimate Software Group Inc. announced price talk on its incremental first-and second-lien term loans with launch, and Caesars Resorts Collection LLC, Carrols Restaurant Group Inc., Neenah Inc., Diversey (Diamond BC BV) and Cardtronics plc emerged with new deal plans.

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