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Published on 9/13/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Golden Nugget, Greenway break; Pike, Applied Systems, McAfee, Tronox, Quintiles revised

By Sara Rosenberg

New York, Sept. 13 – Golden Nugget Inc. reduced the size of its incremental first-lien term loan and adjusted the issue price before freeing up for trading on Wednesday, and Greenway Health LLC’s loan emerged in the secondary market as well.

In more happenings, Pike Corp. set the spread on its term loan B at the low end of talk and tightened the issue price on new money, Applied Systems Inc. modified spreads and issue prices on its first-and second-lien term loans, McAfee LLC decided to scale back its U.S. first-lien term loan B amount and introduce a new euro term loan B to the capital structure, and Tronox Finance LLC lowered the spread on its term loan B, added a step-down and sweetened the call protection.

Also, Quintiles IMS Holdings Inc. firmed pricing on its term loan B-2 at the low side of guidance and updated the issue price, EagleView Technology Corp. and Intrawest Resorts Holdings Inc. (Hawk Holding Co. LLC) revised the original issue discounts on their add-on term loans, and PlayCore and TTM Technologies Inc. accelerated the commitment deadlines on their first-lien term loans.

Additionally, PharMerica Corp., International Car Wash Group and HUB International Ltd. released price talk with launch, Multi-Color Corp. came out with timing on its term loan B bank meeting, and Brooks Automation Inc., The Pasha Group and Donnelley Financial Solutions Inc. surfaced with new deal plans.


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