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Ineos Quattro, Ryan, Howden Group, Colibri, Thor Industries break; Hertz accelerated
By Sara Rosenberg
New York, Nov. 9 – Ineos Quattro upsized its euro term loan B and finalized the size of its U.S. term loan B, and Ryan LLC reduced the size of its first-lien delayed-draw term loan, set pricing on the funded and delayed-draw term loan debt at the high end of talk and widened the original issue discount, and then these deals freed to trade on Thursday.
Also, Howden Group Holdings Ltd. (Hyperion Refinance Sarl) firmed the issue price on its add-on term loan at the tight end of revised guidance before breaking for trading, and deals from Colibri and Thor Industries Inc. made their way into the secondary market as well.
In more happenings, Hertz Corp. moved up the commitment deadline for its incremental term loan B, NorthStar Group Services Inc. released price talk on its first-lien term loan in connection with its lender call, and System One joined the near-term new issue calendar.
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