Transcendia, NVA break; Doosan, Mortgage Contracting, Truck Hero, Equian, Aptean updated

By Sara Rosenberg

New York, May 11 – In the secondary market on Thursday, deals from Transcendia and National Veterinary Associates (NVA) began trading during the session, and Cengage Learning Inc.’s term loan softened after quarterly and full year earnings were announced.

Meanwhile, in the primary market, Doosan Bobcat Inc. (Clark Equipment Co.) set the spread on its term loan at the low end of guidance, added a step-down and tightened the issue price, and Mortgage Contracting Services trimmed pricing on its term loan B while also modifying the original issue discount.

Also, Truck Hero Inc. firmed spreads on its first- and second-lien term loans and revised the call premium on the second-lien tranche, Equian LLC added a delayed-draw term loan to its capital structure, Aptean Inc. upsized its add-on first-lien term loan, and KIK Custom Products Inc. moved up the commitment deadline on its add-on term loan B.

In addition, CenturyLink Inc., CHG Healthcare Services Inc., CityMD, TRC Cos. Inc. and SiteOne Landscape Supply Inc. disclosed price talk with launch, and Civitas Solutions Inc. (National Mentor Holdings Inc.), Ashland Global Holdings Inc. and SeaStar Solutions joined the near-term calendar.

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