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Published on 12/9/2022 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Dealer Tire, Summit Materials, Hayward, BJ’s, Travel + Leisure, STG break; Vistage tweaked

By Sara Rosenberg

New York, Dec. 9 – Dealer Tire upsized its term loan B, Summit Materials finalized the spread on its term loan B at the low end of revised guidance and tightened the original issue discount for a second time, and Hayward Industries Inc. firmed pricing on its incremental term loan at the tight side of talk, and then these deals freed to trade on Friday.

Other deals to make their way into the secondary market during the session included BJ’s Wholesale Club Inc., Travel + Leisure Co. and STG Logistics.

And, in more happenings, Vistage Worldwide increased the size of its add-on first-lien term loan, while leaving price talk and the commitment deadline unchanged.


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