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Published on 5/1/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Imperva retreats with downgrade; Kenan revised; Allied, Life Time, Imperial Dade set talk

By Sara Rosenberg

New York, May 1 – In the secondary market on Monday, Imperva Inc. saw its first-lien term loan soften following a downgrade of its issuer credit rating and ratings on its loans by S&P Global Ratings.

Meanwhile, in the primary market, Kenan Advantage Group Inc. increased the size of its incremental first-lien term loan and modified the original issue discount.

Also, Allied Universal, Life Time Inc. and Imperial Dade released price talk with launch, and Blackhawk Network Holdings Inc., Aventiv Technologies LLC and Arcis Golf LLC joined this week’s primary calendar.


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