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Published on 2/2/2022 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Bakelite, Athletico, symplr, Dessert break; Prince, Scientific, White Cap, Conterra revised

By Sara Rosenberg

New York, Feb. 2 – Bakelite Synthetics finalized pricing on its first-lien term loan at the low end of guidance, added a leverage-based step-down and tightened the original issue discount, and Athletico Physical Therapy firmed the spread and issue price on its term loan B at the tight side of talk, and then these deals broke for trading on Wednesday.

Other deals to make their way into the secondary market during the session included symplr Software Inc. and Dessert Holdings.

In more happenings, Prince International Corp. (PMHC II Inc.) increased the size of its first-lien term loan and cancelled plans for a secured notes offering, and Scientific Games Lottery modified price talk on its U.S. and euro term loans, and updated the original issue discount on the euro tranche.

Also, White Cap Supply Holdings LLC raised the spread on its term loan B, and Conterra Ultra Broadband revised the issue price on its incremental term loan B.

Furthermore, Del Monte and BCP Renaissance Parent LLC released price talk with launch, and Leaf Home (LHS Borrower LLC) and Garda World Security Corp. emerged with new deal plans.


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