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Published on 11/3/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Motus, Acuren, MW Industries break; United Site, Summit Behavioral deal updates emerge

By Sara Rosenberg

New York, Nov. 3 – Motus Group LLC’s first-lien term loan made its way into the secondary market on Wednesday, with levels quoted above its original issue discount, and deals from Acuren (Rockwood Service Corp.) and MW Industries Inc. (Helix Acquisition Holdings) freed up as well.

In other news, United Site Services (PECF USS Intermediate Holding III Corp.) increased the size of its term loan B and updated price talk, and Summit Behavioral Healthcare LLC reworked its funded term loan sizes, spread and original issue discounts, removed its delayed-draw term loans from the capital structure and made a number of changes to documentation.

Furthermore, Ultra Electronics, Pelican Products Inc., Howden Group Holdings Ltd. (Hyperion Refinance Sarl) and Compassus LLC disclosed price talk with launch, and NEP Group Inc. and C.H. Guenther & Son emerged with new deal plans.


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