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Published on 8/13/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Pro Mach, Berlin, Monogram, Mavenir, Lakeshore, Janus break; SeaWorld, LifeMiles updated

By Sara Rosenberg

New York, Aug. 13 – Pro Mach Group Inc. finalized pricing on its term loans at the high size of guidance and made some documentation changes, Berlin Packaging set the spread on its term loan B at the wide end of talk, and Monogram Food Solutions LLC set pricing on its term loan B at the tight side of talk, and then these deals freed to trade on Friday.

Also, before breaking for trading, Mavenir Systems Inc. upsized its term loan B and finalized the spread at the narrow end of guidance, Lakeshore Recycling Systems (LRS Holdings LLC) upsized its funded term loan B and eliminated its delayed-draw term loan, set pricing at the low end of talk and tightened the issue price, and Janus International Group Inc. reduced the size of its incremental first-lien term loan and adjusted the original issue discount.

In other news, SeaWorld Parks & Entertainment Inc. increased the size of its first-lien term loan and firmed pricing at the low end of guidance, and LifeMiles Ltd. made a number of documentation changes to its first-lien term loan B.

Furthermore, Great Canadian Gaming Corp. came out with an update on a ticking fee for its term loan B, and Packers Holdings LLC (PSSI) joined the near-term primary calendar.


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