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Published on 4/8/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Organon, Michaels, One Call break; Quikrete, Russell Investments, ImageFirst disclose talk

By Sara Rosenberg

New York, April 8 – Organon & Co. increased the size of its U.S. term loan B, decreased the size of its euro term loan B, canceled plans for a term loan A and set the original issue discount on the term loan B debt at the tight end of talk before freeing up for trading on Thursday.

Also, before breaking for trading, Michaels Cos. Inc. upsized its first-lien term loan and finalized the spread at the low end of guidance, and One Call Corp. made some changes to documentation for its first-lien term loan B.

In more happenings, Quikrete Holdings Inc., Russell Investments US Institutional Holdco Inc. and ImageFirst Holdings LLC released price talk with launch, and Aptean and Signature Aviation plc joined the near-term primary calendar.


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