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Published on 3/9/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Hyland, HCA, American Rock, K-MAC, E.W. break; Neiman rises; Travelport, Life Time updated

By Sara Rosenberg

New York, March 9 – Hyland Software Inc. moved some funds between its first- and second-lien term loans and tightened the issue prices on the tranches, and then the debt made its way into the secondary market on Friday.

Also, deals from HCA Inc., American Rock Salt Co. LLC, K-MAC Holdings Corp. and E.W. Scripps Co. freed to trade, and Neiman Marcus Group Ltd. LLC’s term loan was stronger with the release of quarterly numbers.

In more happenings, Travelport Finance (Luxembourg) Sarl reduced the size of its term loan B and lowered the spread, Life Time Inc. set the issue price on its add-on term loan at the tight side of guidance and PGT Inc. accelerated the commitment deadline on its term loan B.

Additionally, NRG Energy Inc., Cinemark USA Inc., Uber Technologies Inc. and Focus Financial Partners LLC released price talk with launch, and EG Group, HelpSystems LLC, Dimora Brands Inc., Duravant LLC, Hubbard Radio LLC and DTI Holdco Inc. (Epiq) joined the near-term calendar.


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