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Published on 1/16/2024 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Dave & Buster’s, ArcLight GCX, Focus Financial break; Parexel, Conservice, MKS updated

By Sara Rosenberg

New York, Jan. 16 – Dave & Buster’s Inc. added a ratings-based step-down to its term loan B, and ArcLight GCX (AL GCX Holdings LLC) set the issue price for new money lenders for its first-lien term loan at the tight end of guidance, and then both of these deals freed to trade on Tuesday, and Focus Financial Partners LLC’s term loan B-7 began trading as well.

In more happenings, Parexel increased the size of its add-on term loan B, Conservice Midco LLC tightened the issue price on its add-on first-lien term loan, and MKS Instruments Inc. finalized sizes for its U.S. and euro add-on term loans and modified the original issue discount on the tranches.

In addition, Imperial Dade (BCPE Empire Holdings Inc.) and Kenan Advantage Group Inc. moved up the commitment deadlines for their term loan transactions.


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