Envalior breaks for trading; Nautilus Power firms extended loan size; Simply Good sets talk

By Sara Rosenberg

New York, April 10 – In the secondary market on Monday, Envalior (DSM Engineering Materials) saw its U.S. term loan B-1 free to trade, with the debt bid in line with its original issue discount.

Envalior’s $1.411 billion seven-year term loan B-1 broke for trading on Monday, with levels quoted at 90 bid, 92 offered, a market source said.

Pricing on the U.S. term loan B-1 is SOFR plus 550 basis points with a 0.5% floor and it was sold at an original issue discount of 90.

Meanwhile, in the primary market, Nautilus Power LLC finalized the size of its extended senior secured term loan B.

Also, Simply Good Foods Co. (Atkins Nutritional Holdings) released price talk on its senior secured term loan B in connection with its lender call, and Qualtrics (Quartz AcquireCo LLC) joined this week’s new issue calendar.

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