Five Star, First Brands term loans free to trade; Vizient, STG Logistics changes emerge

By Sara Rosenberg

New York, April 27 – Five Star Holding Corp. cut pricing on its first-lien term loan, removed one leverage-based step-down, set the issue price at the tight side of talk and made some changes to documentation before breaking for trading on Wednesday, and First Brands Group LLC’s incremental first-lien term loan hit the secondary market as well.

In more happenings, Vizient Inc. tightened the spread and original issue discount on its term loan B, and STG Logistics increased the size of its first-lien term loan, finalized pricing at the wide end of guidance and changed the issue price.

Also, Restoration Hardware Inc., Aristocrat Technologies, Blackstone Mortgage Trust Inc. and MetroNet disclosed price talk with launch, and Mallinckrodt plc, R1 RCM Inc. and Polyconcept joined this week’s primary calendar.

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