Aldevron, Edgewell, Hostess break; Inmarsat, Shutterfly, Cerence, Advanced Computer revised

By Sara Rosenberg

New York, Sept. 20 – Aldevron LLC finalized pricing on its first-lien term loan B at the high side of talk and adjusted the Libor floor, and then the debt freed to trade on Friday above its original issue discount.

Also, Edgewell Personal Care Co. shifted some funds between its term loans and set the spread on the B tranche at the low side of guidance before breaking for trading, and Hostess Brands LLC’s term loan surfaced in the secondary market as well.

In more happenings, Inmarsat plc reduced the size of its term loan B, increased the spread and modified original issue discount guidance, and Shutterfly Inc. downsized its term loan B, widened the margin and the issue price, and sweetened amortization.

Furthermore, Cerence Inc. raised spread talk on its term loan B and set the original issue discount at the wide side of guidance, and Advanced Computer Software Group Ltd. reworked its U.S. and GBP term loan sizes, and firmed the spread on the U.S. tranche at the low end of talk while removing the step-down.

Additionally, Wells Enterprises Inc. firmed pricing on its add-on term loan B at the low end of talk, added a step-down and tightened the original issue discount, Culligan Holding Inc. (AI Aqua Merger Sub Inc.) released price talk with launch, and Shearer’s Foods LLC, High Liner Foods Inc. and Patriot Rail & Ports joined the near-term primary calendar.

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