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Published on 7/26/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Select Medical frees up; RBmedia rises with buyout news; Arconic, Legence changes surface

By Sara Rosenberg

New York, July 26 – Select Medical Corp. modified the issue price on its term loan B and then the debt broke for trading on Wednesday, and RBmedia’s term loan was slightly higher following news that the company is being purchased by H.I.G. Capital.

In more happenings, Arconic Corp. increased the size of its term loan B, lowered the spread, added a step-down and tightened the original issue discount, Legence Holdings LLC upsized its incremental first-lien term loan and changed issue price guidance, and J&J Ventures Gaming Inc. released price talk on its incremental term loan B in connection with its lender call.


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