Advanced Computer, Open Text, Apple Leisure, Navico break; ION Trading changes surface

By Sara Rosenberg

New York, May 25 – Advanced Computer Software’s credit facilities freed up for trading during Friday’s session, and the U.S. term loan was quoted well above its original issue discount, and Open Text Corp. broke too.

Also, Apple Leisure Group finalized the spread on its term loan at the high side of talk and widened the issue price, and Navico firmed pricing on its term loan at the low end of talk and adjusted the step-down, and then both of these deals made their way into the secondary market as well.

In more happenings, ION Trading Finance Ltd. set the spread on its U.S. incremental term loan at the high end of guidance, lowered pricing on its euro incremental term loan, modified original issue discounts on both tranches and made the debt fungible with the existing term loans.

Furthermore, Ardent Health Partners LLC and Solenis LLC joined the near-term primary calendar.

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