Welbilt, BroadStreet, CPA, Consilio, Park Place, Horizon break; United Natural reworked

By Sara Rosenberg

New York, Oct. 17 – Welbilt Inc. trimmed pricing on its term loan and set the issue price at the tight end of talk, BroadStreet Partners Inc. updated the original issue discount on its add-on term loan B for a second time, and CPA Global (Capri Acquisitions Bidco Ltd.) modified the discount on its incremental term loan, and then all of these deals began trading on Wednesday.

Also, Consilio (GI Revelation Acquisition LLC) and Park Place Technologies set issue prices on their add-on term loans at the tight side of guidance before freeing up for trading, and Horizon Pharma Inc.’s term loan B hit the secondary market as well.

In more happenings, United Natural Foods Inc. reworked its term loan B and ABL revolver sizes, added a short-dated tranche to the capital structure and sweetened the spread, original issue discount and call protection on its B loan, and Grocery Outlet Inc. (GOBP Holdings Inc.) tightened the issue price on its first-lien term loan and set the spread on its second-lien term loan at the low end of guidance.

Furthermore, Nexstar Broadcasting Group Inc. firmed the issue price on its term loan B at the tight end of talk, Cision (Canyon Cos. Sarl) finalized spreads on its term loans at the low side of talk, and Paradigm Outcomes (Comet Acquisition Inc.) and Hyland Software Inc. moved up the commitment deadlines on their loan transactions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.