Sedgwick breaks; Gigamon, SCP Health, Franchise Group update deals; Xplornet pulled

By Sara Rosenberg

New York, Feb. 22 – Sedgwick Claims Management Services Inc.’s term loan B-2 made its way into the secondary market on Monday, with levels quoted above its issue price.

Meanwhile, in the primary market, Gigamon Inc. finalized pricing on its first-lien term loan at the low end of talk, and SCP Health (Onex TSG Intermediate Corp.) raised the spread on its first-lien term loan, widened the original issue discount and sweetened the call protection.

Also, Franchise Group Inc. increased the size of its term loan B, lowered the Libor floor and set the issue price at the tight end of guidance, and eliminated a last-out term loan from its capital structure, and Xplornet Communications Inc. pulled from market its incremental first-lien term loan and repricing of its existing first-lien term loan.

In addition, Ultra Clean Holdings Inc., XPO Logistics Inc., WellSky, Bass Pro Group LLC and TCW Group released price talk with launch, and Global Client Solutions, Daseke Inc., High Liner Foods Inc., Garrett Motion Inc., Tronox Finance LLC and Packers Holdings LLC (PSSI) joined this week’s primary calendar.

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