Clarivate, Foundation, NGL, IntraFi, Herschend, Univar, Traverse, Mavis and more break

By Sara Rosenberg

New York, Jan. 25 – Clarivate plc set the spread on its term loan B at the low end of talk, removed a ratings-based step-down and changed the original issue discount, Foundation Building Materials revised the issue price on its term loan B-2, and NGL Energy Operating LLC modified for a second time the original issue discount on its term loan B, and then these deals freed to trade on Thursday.

Also, before breaking for trading, IntraFi Network LLC (Nexus Buyer LLC) increased the size of its incremental first-lien term loan B, Herschend Family Entertainment firmed pricing on its term loan B at the low end of talk, Univar Solutions Inc. finalized the issue price on its U.S. and euro add-on term loans at the tight end of revised guidance, and Traverse Midstream Partners LLC set the issue price on its term loan B at the tight side of talk.

Other deals to surface in the secondary market during the session included Mavis Tire Express Services TopCo Corp., WellSky (Project Ruby Ultimate Parent Corp.), Team Services Group LLC and Sabre Industries (Tiger Acquisition LLC).

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