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Published on 4/5/2024 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Genesee & Wyoming, MyEyeDr., Herbalife, BrandSafway, Veeam, Ryman, AMG and more break

By Sara Rosenberg

New York, April 5 – Genesee & Wyoming Inc. raised the size of its term loan B and trimmed pricing, MyEyeDr. (MED ParentCo. LP) lowered the spread on its first-lien term loan and revised the issue price, and Herbalife Ltd. (HLF Financing Sarl LLC) downsized its term loan B and widened the original issue discount for a second time, and then these deals freed to trade on Friday.

Also, before making their way into the secondary market, BrandSafway upsized its first-lien term loan B, cut the margin and finalized the issue price at the tight end of guidance, Veeam Software lifted its term loan B amount, reduced pricing and modified the original issue discount, and Ryman Hospitality Properties Inc. (RHP Hotel Properties LP) set pricing on its term loan B at the low end of talk.

Additionally, AMG Critical Materials NV increased the size of its add-on term loan B, APX Group Inc. (Vivint) set the spread on its term loan B at the high end of talk and the issue price at the tight side of guidance, and Restaurant Brands International Inc. changed the original issue discount on its add-on term loan, and then these deals broke for trading, and Cushman & Wakefield’s repriced term loan B began trading as well.


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