Sotera, Ticketek, Refresco, Cambrex, US Foods break; Telesat, Booz, Terrapure updated

By Sara Rosenberg

New York, Nov. 22 – Sotera Health Holdings LLC raised pricing on its first-lien term loan and increased the Libor floor, and cancelled plans for delayed-draw first- and second-lien loan tranches, and Ticketek modified the Libor floor on its U.S. first-lien term loan B, and then both of these deals broke for trading on Friday.

Also, Refresco set the original issue discount on its add-on term loan B at the tight end of guidance before freeing up during the session, and deals from Cambrex Corp. and US Foods Inc. surfaced in the secondary market as well.

In more happenings, Telesat Canada increased the size of its term loan B and adjusted the issue price, and Booz Allen Hamilton Inc. firmed the original issue discount on its term loan B at the tight end of talk.

Furthermore, Terrapure Environmental (Terra Bidco B.C. Ltd.) upsized its first-lien term loan and downsized its privately placed second-lien term loan, and Element Solutions Inc. lifted the spread on its term loan B and set the issue price at the tight side of guidance.

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