Avaya, McGraw break; Prestige, Zayo, WASH, Royalty, PrimeSource, Victory, Flying updated

By Sara Rosenberg

New York, April 30 – Avaya Inc.’s term loan B-7 began trading during Thursday’s market hours, with the debt quoted above its original issue discount, and McGraw-Hill Global Education Holdings LLC’s term loan freed up as well.

Moving to the primary market, Prestige Brands Inc. firmed pricing on its term loan B-3 within talk, Zayo Group LLC widened the issue price on its term loan, set the Libor floor at the high end of talk and shortened the maturity, and WASH Multifamily Laundry Systems LLC moved some funds between its first-and second-lien term loans and modified spreads and original issue discounts on both tranches.

Also, Royalty Pharma Investments Finance Trust upsized its add-on term loan B-4 while firming the issue price at the tight end of guidance, PrimeSource Building Products (PriSo Acquisition Corp.) trimmed the spread on its term loan B and tightened the original issue discount, and Victory Capital Operating LLC and Flying Fortress Inc. revised issue prices on their loans.

Additionally, Grocery Outlet Inc. (GOBP Holdings Inc.), Smart & Final Stores Inc. and Pro Mach Inc. released talk with launch, Level 3 Financing Inc. surfaced with a repricing/refinancing transaction, and Integra Telecom Holdings Inc. and TouchTunes Interactive Networks Inc. joined the near-term calendar.

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