Aveanna, Wabash, Michaels, Pactiv break; Netsmart, PCI, Barrette, Hyland, Ellucian set talk

By Sara Rosenberg

New York, Sept. 17 – Aveanna Healthcare LLC set the spread and original issue discount on its incremental first-lien term loan at the tight end of guidance, and then the debt made its way into the secondary market on Thursday.

Also, before freeing up for trading, Wabash National Corp. lowered pricing on its first-lien term loan and reduced the Libor floor, and Michaels Cos. Inc. upsized its term loan B. Pactiv Evergreen’s first-lien term loan broke as well during the session.

In other news, ECi Software Solutions finalized the spread on its first-lien term loan at the low end of revised guidance, and Netsmart Technologies Inc., PCI Pharma Services (Packaging Coordinators Midco Inc.), Barrette (LEB Holdings (USA) Inc.), Hyland Software Inc. and Ellucian announced price talk with launch.

Furthermore, Ahead DB Holdings and Cambium Learning Group joined the near-term primary calendar.

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