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Published on 9/24/2020 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Global Medical, EFS Cogen, Allegro, GCI break; PCI, ASP Navigate, Barrette, Hyland revised

By Sara Rosenberg

New York, Sept. 24 – Global Medical Response upsized its first-lien term loan B and firmed pricing at the high end of talk before freeing up for trading on Thursday, and deals from EFS Cogen Holdings I LLC (Linden), Allegro Microsystems Inc. and GCI LLC hit the secondary market as well.

In other news, PCI Pharma Services (Packaging Coordinators Midco Inc.) shifted some funds between its first-and second-lien term loans, set the spread on the first-lien debt at the low end of guidance and adjusted the original issue discount.

Also, ASP Navigate Acquisition Corp. (Life Sciences) increased the size of its first-lien term loan and trimmed pricing, and Barrette (LEB Holdings (USA) Inc.) cut the spread on its first-lien term loan, added a step-down and modified the issue price.

Furthermore, Hyland Software Inc. raised its incremental first-lien term loan size and revised the original issue discount, and Closure Systems International Group Inc. moved up the commitment deadline for its incremental first-lien term loan.

Additionally, Ahead DB Holdings, BrightSpring Health Services (Phoenix Guarantor Inc.), Jefferies Finance LLC, American Residential Services LLC, Array Technologies Inc., Press Ganey (Azalea TopCo Inc.), Red Ventures LLC and RBmedia released price talk with launch, and White Cap (AppleCaramel Buyer LLC) joined the near-term primary calendar.


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