Rackspace softens with downgrade; AOC changes surface; Indicor, Zest, First Brands set talk

By Sara Rosenberg

New York, Jan. 26 – Rackspace Technology Global Inc.’s term loan headed lower in the secondary market on Thursday as the company’s ratings were downgraded by Moody’s Investors Service.

Meanwhile, in the primary market, AOC LLC (LSF11 A5 HoldCo LLC) increased the size of its incremental term loan and modified original issue discount talk in the morning, and then tightened the issue price in the afternoon.

Furthermore, Indicor (Roper Industrial Products Investment Co. LLC), Zest Dental Solutions (Zest Acquisition Corp.) and First Brands Group LLC disclosed price talk on their loan transactions with launch.

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