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Published on 3/23/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

EG Group, INAP, Mediacom, Pharmaceutical Product, Las Vegas Sands, Alkermes break

By Sara Rosenberg

New York, March 23 – EG Group widened the original issue discount on its incremental euro term loan B and set the discount on its second-lien term loan debt at the tight end of talk, INAP (Internap Corp.) finalized the spread on its first-lien term loan at the high end of guidance and Mediacom Communications Corp. set pricing on its term loan N at the low side of talk, and then all of these deals freed to trade on Friday.

Other loan transactions to make their way into the secondary market during the session included Pharmaceutical Product Development LLC (Jaguar Holding Co. II), Las Vegas Sands LLC and Alkermes Inc.

Back in the primary market, Amneal Pharmaceuticals Inc. raised pricing on its term loan B, added a step-down and extended the call protection, and SouthernCarlson Inc. shifted some funds between its first-and second-lien term loans and updated pricing on the tranches.

Also, ABC Supply (American Builders & Contractors Supply Co. Inc.) launched a repricing transaction, and Adtalem Global Education Inc., International Car Wash Group and Townsquare Media Inc. emerged with new deal plans.


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