Applied Systems breaks; Liberty Tire retreats; PDC Wellness revised; Qualtrics accelerated

By Sara Rosenberg

New York, April 13 – Applied Systems Inc. tightened the issue price on its incremental first-lien term loan and then the debt made its way into the secondary market on Thursday, with levels quoted above par.

Also in trading, Liberty Tire Recycling LLC’s (LTR Intermediate Holdings Inc.) term loan headed lower following news of ratings downgrades by S&P Global Ratings.

In other happenings, PDC Wellness & Personal Care Co. (Parfums Holding Co. Inc.) increased the size of its first-lien term loan, Qualtrics (Quartz AcquireCo LLC) moved up the commitment deadline for its term loan B, and Internet Brands released price talk on its term loan in connection with its lender call.

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