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Published on 12/12/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Chobani, Marlink, HighTower break; Innio Group, A-Gas updated; R1 RCM accelerated

By Sara Rosenberg

New York, Dec. 12 – Chobani LLC lowered the spread on its incremental term loan B and tightened the original issue discount, and then the debt made its way into the secondary market on Tuesday, with levels quoted above the revised issue price.

Also, Marlink Group (Venga Finance) increased the size of its incremental first-lien term loan B and finalized the original issue discount at the tight end of talk before breaking for trading, and HighTower Holding LLC’s add-on term loan B freed to trade as well.

In more happenings, Innio Group firmed sizes of its U.S. and euro term loans, set spreads at the low end of guidance and tightened the original issue discount talk on both tranches, and A-Gas FinCo Inc. widened pricing on its term loan B and modified the issue price.

Furthermore, R1 RCM Inc. moved up the commitment deadline for its incremental first-lien term loan B, and ArcLight NGPL Holdings LLC (AL NGPL Holdings LLC) came to market with a new term loan B.


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