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Published on 1/27/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Cox Media, Howden Group, MHS, Grab, Citadel, Buckeye Partners, American Bath break

By Sara Rosenberg

New York, Jan. 27 – Cox Media Group reduced pricing on its term loan B, Howden Group Holdings Ltd. tightened the original issue discount on its first-lien term loan B, and MHS Holdings Inc. modified the issue price on its add-on term loan B-2, and then all of these deals freed up for trading on Wednesday.

Also, Citadel upsized its seven-year term loan B and Grab Holdings Inc. revised the issue price on its add-on term loan before breaking for trading, and deals from Buckeye Partners LP and American Bath Group LLC (CP Atlas Buyer Inc.) hit the secondary market as well.

In other news, AlixPartners LLP set pricing on its U.S. term loan B at the low end of talk, reduced the spread on its euro term loan B and modified original issue discounts on both tranches, and athenahealth Inc. lowered pricing and changed the issue price on its add-on term loan B and added a repricing of its existing term loan B to the mix.

Additionally, System One Holdings LLC tightened the original issue discount on its term loan B for a second time, Sotheby’s finalized the spread on its term loan B at the low end of guidance, and Endurance International Group Holdings Inc. upsized its funded term loan and updated price talk.

Furthermore, Rough Country upsized its incremental term loan, and TricorBraun Holdings Inc., Forcepoint and Gannett Holdings LLC accelerated the commitment deadlines for their loan transactions.


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