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Published on 2/12/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Internet, Adtalem, ProAmpac, Jadex, Precision Medicine, Wheel Pros, GrafTech and more break

By Sara Rosenberg

New York, Feb. 12 – Internet Brands finalized the original issue discount on its second-lien term loan at the tight end of revised talk and Adtalem Global Education Inc. downsized its term loan B, and both of these deals freed to trade on Friday.

Also, before breaking for trading, ProAmpac increased the size of its incremental first-lien term loan and modified the issue price, and Jadex Inc. firmed the spread on its first-lien term loan at the high end of talk and extended the call protection.

Additionally, Precision Medicine Group LLC set the spread on its term loan debt at the high side of guidance and Wheel Pros Inc. finalized the original issue discount on its incremental first-lien term loan at the tight end of talk and GrafTech Finance Inc. firmed pricing on its term loan B at the low side of guidance, and then these deals also hit the secondary market.

Furthermore, Gainwell Technologies set pricing on its incremental first-lien term loan at the narrow end of talk ahead of freeing to trade, and deals from Dell Technologies Inc. and Cotiviti Inc. surfaced in the secondary as well.


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