Justrite, Red Ventures, Consolidated Container, Mirion, Nuvei, Talen break; Heritage revised

By Sara Rosenberg

New York, June 28 – Justrite Safety Group set the spread on its first-lien term loans at the high end of guidance and Red Ventures LLC modified the original issue discount on its add-on term loan, and then both of these deals began trading on Friday.

Also, before breaking for trading, Consolidated Container Co. LLC finalized pricing on its incremental term loan at the wide side of talk and Mirion Technologies Inc. firmed the original issue discount on its add-on term loan B at the tight end of guidance.

Some other deals made their way into the secondary market during the session as well, including Nuvei Technologies Corp. and Talen Energy Supply LLC.

In other happenings, Heritage Power LLC reduced the size of its term loan B, and widened spread and original issue discount on the B tranche as well as on a term loan C.

Additionally, Nestle Skin Health joined the near-term primary calendar, and timing emerged for SnapAV’s incremental term loan.

In its deal, Justrite Safety Group set pricing on its $410 million seven-year first-lien term loan B (B2/B) and $50 million delayed-draw first-lien term loan B (B2/B) with two-year availability at Libor plus 450 basis points, the wide end of the Libor plus 425 bps to 450 bps talk, according to a market source.

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