Kantar, Nord Anglia break, Pregis revises incremental loan size; Rosen Group sets talk

By Sara Rosenberg

New York, Feb. 13 – Kantar increased the size of its term loan B and finalized pricing at the high end of guidance before freeing up for trading on Tuesday, and Nord Anglia Education’s (Fugue Finance LLC) term loan B broke as well.

Kantar raised its term loan B due February 2029 to $750 million from $650 million and firmed pricing at SOFR plus 500 basis points, the high end of the SOFR plus 475 bps to 500 bps talk, according to a market source.

As before, the term loan has a 0% floor, CSA of 11 bps one-month rate, 26 bps three-month rate and 43 bps six-month rate, an original issue discount of 99 and 101 soft call protection for one year.

Nord Anglia Education’s $600 million seven-year covenant-lite term loan B (B2/B) made its way into the secondary market, with levels quoted at 99¾ bid, par ¼ offered, a market source said.

In more happenings, Pregis (Pregis Topco LLC) upsized its incremental first-lien term loan, Rosen Group released price talk in connection with its lender call, and H.B. Fuller Co. joined this week’s primary calendar.

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