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Published on 1/29/2024 in the Prospect News CLO Daily and Prospect News High Yield Daily.

IQ-EQ, Plusgrade break; Kohler, Waupaca tweaked; Wood Mackenzie, Shearer’s accelerated

By Sara Rosenberg

New York, Jan. 29 – IQ-EQ (Saphilux Sarl) set the spread on its euro term loan B at the low end of revised talk before freeing up for trading on Monday, and Plusgrade Inc.’s term loan B made its way into the secondary market as well.

In more happenings, Kohler Energy (Discovery Energy Holding Corp.) upsized its U.S. and euro term loan B, set the tranche sizes, raised the spread, widened original issue discount guidance and sweetened the call protection, and Waupaca Foundry Inc. increased the size of its term loan B, lowered the spread and revised the original issue discount guidance.

Also, Wood Mackenzie (Planet US Buyer LLC) and Shearer’s Foods (Fiesta Purchaser Inc.) moved up the commitment deadlines for their term loan transactions, and ION Markets extended the commitment deadline for its first-lien term loan.

Furthermore, BGIS, United Rentals (North America) Inc., Duravant LLC (Engineered Machinery Holdings Inc.), PlayAGS Inc. (AP Gaming I LLC), Covanta, TenCate Grass Holding BV (Touchdown Acquirer Inc.), Verra Mobility Corp. (VM Consolidated Inc.), Howden Group Holdings Ltd., Core & Main Inc., Waystar, Inizio and Renaissance Learning Inc. all released price talk in connection with lender calls, and Copeland and Consolidated Energy Finance SA joined this week’s primary calendar.


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