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Published on 11/20/2020 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Ivanti, Avolon, Mavis, SmartBear, AmeriLife, American Bath break; Duff & Phelps revised

By Sara Rosenberg

New York, Nov. 20 – Ivanti Software Inc. upsized its first-lien term loan B, Avolon increased the size of its term loan B-5 and set pricing at the low end of guidance, and Mavis Tire Express Services Corp. finalized the spread on its incremental first-lien term loan at the low end of talk, and then all of these deals made their way into the secondary market on Friday.

Also, before freeing up for trading, SmartBear (AOA Acquisition Holding Inc.) set the original issue discount on its first-lien term loan at the tight side of talk and AmeriLife Holdings LLC firmed pricing on its incremental first-lien term loan at the low end of guidance.

Another deal to begin trading during the session was American Bath Group LLC’s (CP Atlas Buyer Inc.) first-lien term loan.

In more happenings, Duff & Phelps downsized its U.S. incremental first-lien term loan B and set the original issue discount at the tight side of talk, and added a euro incremental first-lien term loan B to its transaction, and Packers Holdings LLC (PSSI) accelerated the commitment deadline for its incremental first-lien term loan.


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