Buckeye, System One break; Veritiv, Iqvia, 84 Lumber, TransNetwork, Tekni-Plex revised

By Sara Rosenberg

New York, Nov. 16 – Buckeye Partners LP’s term loan B made its way into the secondary market on Thursday, with levels quoted above its original issue discount, and System One’s add-on term loan B freed to trade as well.

Moving to the primary market, Veritiv Corp. widened the spread and issue price on its term loan B, and Iqvia Inc. set the size on its term loan B, trimmed pricing, adjusted the original issue discount and extended the call protection.

Also, 84 Lumber Co. lowered the spread on its term loan B and finalized the original issue discount at the tight end of guidance, and TransNetwork LLC increased the size of its term loan B, set the margin at the low end of talk and revised the issue price.

Furthermore, Tekni-Plex Inc. (Trident TPI Holdings Inc.) modified the original issue discount on its incremental first-lien term loan B-4, Perrigo changed the issue price on its add-on term loan B, and IMA Financial Group upsized its add-on term loan B-1 and tightened the original issue discount.

Additionally, Flutter Entertainment plc reduced pricing on its term loan B and revised original issue discount talk, and Northeast Grocery Inc. joined this week’s new issue calendar.

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