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Sirius Computer frees up; Froneri, Lamar Media, Authentic Brands changes surface
By Sara Rosenberg
New York, Jan. 28 – Sirius Computer Solutions Inc. (SCS Holdings I Inc.) finalized the spread on its first-lien term loan at the wide end of guidance and then the debt made its way into the secondary market on Tuesday.
Pricing was set at Libor plus 350 basis points, the high end of the Libor plus 325 bps to 350 bps talk.
As before, the term loan has a 0% Libor floor, a par issue price and 101 soft call protection for six months.
The term loan broke for trading with levels quoted at par ¼ bid, par ¾ offered.
In more happenings, Froneri International Ltd. lowered pricing on its second-lien term loans, tightened the issue price on its euro second-lien tranche and firmed the spread on its euro first-lien term loan at the low end of revised talk.
Additionally, Lamar Media Corp. trimmed the spread on its term loan B and set the discount at the wide end of guidance, and Authentic Brands Group LLC (ABG Intermediate Holdings 2 LLC) adjusted the original issue discount on its incremental term loan.
Also, United Planet Fitness (United PF Holdings LLC), Jane Street Group LLC, Aspen Dental Management Inc., RBmedia, Mister Car Wash Holdings Inc. and Veritext LLC (VT TopCo Inc.) released price talk with launch, and Kymera International joined this week’s calendar.
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