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Published on 10/12/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Cook & Boardman hits secondary; ProQuest, Global Payments, Amynta Group update terms

By Sara Rosenberg

New York, Oct. 12 – Cook & Boardman Group set the spread on its term loan at the high end of talk and then freed up for trading on Friday above its original issue discount.

In more happenings, ProQuest LLC finalized the issue price on its term loan B at the wide side of guidance, Global Payments Inc. firmed pricing on its term loan B at the low end of talk, and Amynta Group increased the size of its term loan B through an add-on, set pricing at the high side of talk and revealed the original issue discount on the add-on tranche.

In addition, Aspen Dental Management Inc. and Mitchell International Inc. announced pricing guidance on their term loans with launch, and Thor Industries Inc. released talk on its term loans in preparation for its upcoming bank meetings.

Furthermore, Unifrax, SubCom, Infrastructure & Energy Alternatives Inc. and EnTrans International LLC joined the near-term primary calendar.

In its deal, Cook & Boardman Group firmed pricing on its $212 million seven-year first-lien term loan (B3/B) at Libor plus 575 basis points, the high end of the Libor plus 550 bps to 575 bps talk, and left the 1% Libor floor, original issue discount of 99 and 101 soft call protection for one year intact, a market source said.


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