UKG, Ascend, Summit, HUB, Great American, NAB, Fanatics, Kraton, Ping and more break

By Sara Rosenberg

New York, Nov. 18 – UKG Inc. (Ultimate Kronos Group) moved some funds between its first- and second-lien term loans, revised issue prices, and lowered the spread on the second-lien tranche, Ascend Learning LLC set pricing on its first-lien term loan at the low end of talk, and tightened the spread and original issue discount on its second-lien term loan, and Summit Health (WP CityMD Bidco LLC) upsized its first-lien term loan and changed the issue price on the incremental portion of the transaction, and then these deals freed to trade on Thursday.

Also, before breaking for trading, HUB International Ltd. raised the amount of its add-on term loan B and adjusted the issue price, Great American Outdoors Group increased the size of its term loan B and finalized pricing at the low end of talk, North American Bancard (NAB Holdings LLC) firmed the spread on its first-lien term loan at the low side of guidance, added a step-down and revised the issue price, and Fanatics Commerce finalized pricing on its term loan B at the narrow end of talk.

In addition, Kraton Corp. set the spread on its euro term loan B at the low end of guidance, Ping Identity Corp. lowered pricing on its term loan and finalized the original issue discount, EmployBridge Holding Co. set the issue price on its add-on term loan B at the wide end of talk, and Boyd Corp. lifted its delayed-draw term loan size and set the original issue discount at the tight end of talk, and these deals hit the secondary market as well.

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