First Data, Rackspace, Ascensus break; CSRA sets changes; Veritas terms emerge with launch

By Sara Rosenberg

New York, June 9 – First Data Corp. upsized its incremental first-lien term loan, revised the original issue discount, set the spread on the tranche and on the repricing of its existing term loan at the low end of talk and added a pricing step-down before freeing up for trading on Friday.

Also, Rackspace Hosting Inc. finalized pricing on its term loan B at the tight side of guidance and then began trading, and Ascensus Inc.’s incremental first-lien term loan emerged in the secondary market as well.

In addition, CSRA Inc. increased the size of its term loan B and firmed the spread at the low end of talk, and Veritas Technologies Corp. came out with details on its proposed term loans with launch.

Furthermore, ADT Corp., Vivid Seats LLC, St. George’s University, Sterling Talent Solutions, Verint Systems Inc., Aclara Technologies LLC (Meter Readings Holding LLC), Quincy Media Inc., Quality Distribution (Gruden Acquisition, Inc.) and WernerCo joined the near-term calendar.

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