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Published on 9/29/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

LifePoint, MKS, Hilton, Gates, Spring Education, Bombardier, Prometric, WhiteWater break

By Sara Rosenberg

New York, Sept. 29 – LifePoint Health Inc. reduced the size of its term loan B, firmed the spread at the wide side of guidance and made some changes to documentation, MKS Instruments Inc. set the original issue discount on its term loan B at the high end of talk, and Hilton Grand Vacations Borrower LLC firmed pricing on its term loan B at the wide end of guidance, and then all of these deals freed to trade on Friday.

Also, before breaking for trading, Gates Global finalized pricing on its term loan B-4 at the low end of talk, Spring Education Group set the spread on its term loan B at the low end of guidance, added a pricing step-down and revised the original issue discount, and Bombardier Recreational Products Inc. (BRP Inc.) finalized pricing on its term loan B-3 at the high end of talk.

Other deals to make their way into the secondary market during the session included Prometric Holdings Inc. and WhiteWater Whistler Holdings LLC.

In more happenings, The Knot downsized its term loan B and set the spread at the high end of guidance, Patriot Rail moved up the commitment deadline for its add-on term loan B, and Ineos Enterprises Holdings Ltd. joined the near-term primary calendar.


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