Autokiniton, ION Markets, Cornerstone Building, Hyland break; Culligan, Soliant tweak deals

By Sara Rosenberg

New York, March 26 – Autokiniton US Holdings Inc. lowered pricing on its term loan B, modified the step-downs and tightened the original issue discount, and ION Markets reduced the size of its U.S. term loan, increased the size of its euro term loan and changed original issue discounts on both tranches, and then both of these deals began trading on Friday.

Also, Cornerstone Building Brands Inc. set the spread on its term loan B at the high end of talk and widened the issue price before breaking for trading, and Hyland Software Inc.’s bank debt made its way into the secondary market as well.

In other news, Culligan Holding Inc. (AI Aqua Merger Sub Inc.) decreased its repriced first-lien term loan B size, raised pricing on the debt as well as on a delayed-draw term loan, and revised the delayed-draw ticking fee.

Furthermore, Soliant upsized its term loan B, firmed the spread at the low end of guidance and adjusted the original issue discount, Teneo accelerated the commitment deadline for its incremental first-lien term loan and LGC announced price talk on its U.S. and euro term loan B with its investor call.

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