StubHub, LegalShield break; Chromalloy, TransDigm, Webpros, Genesys, U.S. Silica set talk

By Sara Rosenberg

New York, March 12 – StubHub Holdings Inc. (StubHub Holdco Sub LLC) increased the size of its U.S. term loan B and lowered the spread, and tightened the original issue discount on its U.S. and euro tranches, and LegalShield upsized its add-on first-lien term loan, and then both of these deals freed to trade on Tuesday.

In more happenings, Chromalloy Corp., TransDigm Group Inc., Webpros, Genesys, U.S. Silica Co. and Proofpoint Inc. released price talk with launch, and Perforce Software LLC, Russell Investments and HireRight Holdings Corp. joined this week’s new issue calendar.

StubHub raised its U.S. senior secured term loan B due March 2030 to $1.953 billion from $1 billion, revised price talk to SOFR plus 475 basis points to 500 bps from SOFR plus 500 bps before finalizing at SOFR plus 475 bps following an 11 a.m. ET recommitment deadline, and changed the original issue discount to 99 from talk in the range of 98 to 98.5, according to a market source.

In addition, the company modified the original issue discount talk on its €452 million senior secured term loan B due March 2030 to a range of 98.5 to 99 from a range of 98 to 98.5 and then firmed the discount at 99, the source continued.

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