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Published on 9/26/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Altra, Speedcast, Liquidnet break; Ultra Clean, SUSE, DigiCert, PS Logistics update loans

By Sara Rosenberg

New York, Sept. 26 – Altra Industrial Motion Corp. finalized the spread on its term loan at the low end of revised guidance and Speedcast International Ltd. firmed the original issue discount on its incremental first-lien term loan at the wide side of talk, and then both of these deals freed up for trading on Wednesday, and Liquidnet Holdings Inc. broke as well.

In more happenings, Ultra Clean Holdings Inc. widened the spread and original issue discount on its term loan, sweetened the call protection and made a number of documentation changes, and SUSE (Marcel BidCo) upsized its U.S. first-lien term loan and tightened spreads and issue prices on its U.S. and euro term loan debt.

Also, DigiCert Holdings Inc. set pricing on its add-on first-lien term loan and repricing of its existing first-lien term loan at the high end of guidance, and PS Logistics (PS HoldCo LLC) adjusted the issue price on its incremental first-lien term loan and added a pricing step-down to the incremental loan as well as to its first-lien term loan repricing transaction.

Furthermore, EG Group and J.D. Power released price talk with launch, and NES Global Talent Finance US LLC joined this week’s primary calendar.


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