Harbor Freight, Promontory, APi Group, UnitedLex free up; Maravai LifeSciences revised

By Sara Rosenberg

New York, Oct. 14 – Harbor Freight Tools USA Inc. finalized the spread on its first-lien term loan at the low end of guidance and added a leverage-based step-down, and then the debt made its way into the secondary market on Wednesday.

Also, Promontory Interfinancial Network LLC (Nexus Buyer LLC) and APi Group Inc. tightened the original issue discounts on their incremental term loans before breaking for trading in the afternoon, and UnitedLex’s term loan freed up as well.

In addition, Maravai LifeSciences (Maravai Intermediate Holdings LLC) reduced pricing on its first-lien term loan B and added a ratings-based step-down, and upsized its revolver, and Mega Broadband Investments Holdings LLC, Quirch Foods LLC and 1-800 Contacts Inc. (CNT Holdings I Corp.) accelerated the commitment deadlines for their term loans.

Furthermore, Advantage Sales & Marketing Inc., Wheel Pros, Parts Authority (PAI Holdco Inc.), Adevinta, Chobani LLC, Zywave Inc. and ProAmpac announced price talk with launch, and Hyperion Insurance Group Ltd., Veracode (Valkyr Purchaser LLC), Barracuda Networks and Veregy joined this week’s primary calendar.

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