Bayer Environmental frees to trade; Terra Millennium revises deal; M6 Midstream readies loan

By Sara Rosenberg

New York, Aug. 4 – Bayer Environmental Science’s (Discovery Purchaser Corp.) credit facilities surfaced in the secondary market on Thursday, with the first- and second-lien term loans quoted above their original issue discounts.

Meanwhile, in the primary market, Terra Millennium Corp. reduced the size of its delayed-draw first-lien term loan, widened the spread and original issue discount on its funded and delayed-draw term loan tranches, shortened the maturity, sweetened the call protection and made some other changes to documentation.

Furthermore, M6 Midstream (M6 ETX Holdings II MidCo LLC) joined the near-term primary calendar with plans for a new term loan B.

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