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Published on 10/8/2020 in the Prospect News CLO Daily and Prospect News High Yield Daily.

White Cap, Cambium, FLY, Alliant, Genesys break; Revint, C.H.I., Bumble, Tegra118 revised

By Sara Rosenberg

New York, Oct. 8 – White Cap (AppleCaramel Buyer LLC) finalized the spread on its first-lien term loan B at the low end of guidance and made some changes to documentation, and Cambium Learning Group moved some funds between its first-and second-lien term loans and adjusted the original issue discount on the second-lien debt, and then both of these deals freed to trade on Thursday.

Also, before emerging in the secondary market during the session, FLY Leasing Ltd. lifted pricing on its term loan B and revised the issue price, Alliant Holdings Intermediate LLC downsized its term loan B-3 and tightened the original issue discount, and Genesys shifted some funds between its U.S. and euro term loans and set spreads at the low end of guidance.

In other news, Revint Solutions increased the size of its term loan B, raised the spread, widened the original issue discount and sweetened the call protection, and C.H.I. Overhead Doors Inc. reduced pricing on its extended term loan, and set the issue price and amendment fee at the tight side of guidance.

Furthermore, Bumble (Buzz Finco LLC) increased the size of its incremental term loan B and firmed the spread and the issue price at the tight end of talk, and Tegra118 Wealth Solutions Inc. upsized its incremental first-lien term loan B and finalized the original issue discount at the tight end of talk.


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