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Published on 10/9/2020 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Bumble, Array, Golden State free up; Oxbow Carbon updated; Harbor Freight revises deadline

By Sara Rosenberg

New York, Oct. 9 – Bumble (Buzz Finco LLC) saw its incremental term loan B make its way into the secondary market on Friday afternoon, and the debt was trading above its original issue discount.

Also, Array Technologies Inc. finalized the spread on its first-lien term loan B at the high end of talk, increased the Libor floor, widened the issue price and sweetened the call protection, and Golden State Medical Supply increased the Libor floor on its add-on term loan, and then both of these deals freed to trade during the session as well.

In more happenings, Oxbow Carbon reduced the size of its term loan B and firmed the spread at the low end of guidance, Harbor Freight Tools USA Inc. accelerated the commitment deadline for its first-lien term loan, and Service Logic Acquisition Inc. (Saber Merger Sub Inc.) joined the near-term primary calendar.


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