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Published on 3/16/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Allison, Acadia, GVC, U.S. Security, Qdoba, Tank, Husky, Prestige, Engility and more break

By Sara Rosenberg

New York, March 16 – A number of deals hit the secondary market on Friday, including Allison Transmission Inc., Acadia Healthcare Co. Inc., GVC Holdings plc, U.S. Security Associates Inc., Qdoba Restaurant Corp. (Quidditch Acquisition Inc.) and Tank Holding.

Also, Husky Injection Molding Systems (Titan Acquisition Ltd.) upsized its term loan B and flexed pricing lower, Prestige Brands Inc. downsized its term loan B-4 and firmed the spread at the low end of guidance, and Engility Corp. finalized pricing on its term loans at the tight end of talk, and all of these deals freed to trade during the session.

Furthermore, Hubbard Radio LLC set pricing on its term loan B debt at the low side of talk, Eton (PricewaterhouseCoopers Public Sector LLP) trimmed the spread on its first-lien term loan, and Duravant LLC modified the issue price on its incremental first-and second-lien term loans, and then these deals broke as well.

In more happenings, MGM Growth Properties Operating Partnership LP set pricing on its term loan B at the wide end of talk and added a step-down, DTI Holdco Inc. (Epiq) firmed the spread on its term loan at the high side of guidance and the issue price at the tight end of talk, and Fogo de Chao Inc. accelerated the commitment deadline on its credit facilities.


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