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Published on 3/31/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

City Brewing, Belfor break; ECL, Solis, MedRisk, Atlantic Power, Belron tweak deals

By Sara Rosenberg

New York, March 31 – City Brewing Co. LLC lowered pricing on its term loan B and changed the issue price before freeing up for trading on Wednesday, and Belfor Holdings Inc.’s add-on first-lien term loan made its way into the secondary market as well.

In other news, ECL Entertainment LLC upsized its first-lien term loan, tightened the spread, Libor floor and original issue discount, and modified the call protection, and Solis Mammography (SM Wellness Holdings Inc.) downsized its first-lien delayed-draw term loan while adding a privately placed second-lien delayed-draw term loan, and raised pricing and revised the issue price on its first-lien term debt.

Also, MedRisk firmed pricing on its first-lien term loan at the high end of guidance, and widened the Libor floor and the original issue discount, Atlantic Power Corp. (Thermal Asset portfolio) increased the size of its term loan B and lowered the spread, and Belron combined two tranches to create one new U.S. term loan B and lifted the Libor floor on the debt.

Furthermore, CoreLogic Inc., Tory Burch, Nutrisystem Inc. (KNS Acquisition Corp.), ArcLight NGPL Holdings LLC (AL NGPL Holdings LLC) and Priority Technology Holdings Inc. (Priority Holdings LLC) disclosed price talk with launch.

In addition, Savers Inc., Spencer Spirit and Pacific Dental Services LLC joined the near-term primary calendar.


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