Patriot Rail breaks; CDK, Berry, Alphia updates emerge; Heritage-Crystal revises deadline

By Sara Rosenberg

New York, Oct. 2 – Patriot Rail’s add-on term loan B made its way into the secondary market on Monday and was quoted above its original issue discount.

Meanwhile, in the primary market, CDK Global Inc. firmed the spread on its term loan B at the high end of talk and widened the original issue discount, and Berry Global Group Inc. set the issue price on its first-lien term loan at the wide end of guidance.

Also, Alphia Inc. lifted pricing on its term loan B, removed step-downs, modified the original issue discount, sweetened the call protection and made lender friendly changes to documentation, and Heritage-Crystal Clean Inc. (JFL-Tiger Acquisition Co. Inc.) accelerated the commitment deadline for its first-lien term loan.

Furthermore, Delrin, APi Group DE Inc. and Ineos Enterprises Holdings Ltd. released price talk with launch, and HomeServe North America, Citco and ADT Inc. (Prime Security Services Borrower LLC) joined this week’s primary calendar.

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