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Servpro, Direct ChassisLink, Trade Me Group, Hexion International, Insight Global break
By Sara Rosenberg
New York, April 12 – Servpro LLC trimmed the spread on its first-lien term loan, removed the leverage-based step-down and tightened the original issue discount, and then the debt made its way into the secondary market on Friday.
Other deals that broke for trading during the session included Direct ChassisLink Inc. (Drive Chassis Holdco LLC), Trade Me Group Ltd. (Titan Acquisitionco New Zealand), Hexion International Holdings BV and Insight Global (IG Investments Holdings LLC).
In more happenings, PlayPower Inc. disclosed price talk on its first-lien term loan in connection with its bank meeting.
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