Instructure breaks; MKS Instruments, Tibco, Astound Broadband, AppLovin changes surface

By Sara Rosenberg

New York, Oct. 21 – Instructure reduced the spread on its first-lien term loan B and modified the original issue discount and then the debt made its way into the secondary market on Thursday.

In more happenings, MKS Instruments Inc. moved some funds between its U.S. and euro term loans and updated pricing, and Tibco Software Inc. (Bali Finco Inc.) lifted the spread and Libor floor on its first-lien term loan, extended the call protection and added ticking fees.

Also, Astound Broadband (Radiate HoldCo LLC) increased the size of its add-on term loan B, lowered pricing, revised original issue discount talk and added a repricing of its existing term loan B to the mix, and AppLovin Corp. set the margin on its term loan B at the low side of guidance and tightened the issue price.

Furthermore, TransMontaigne Operating Co. LP, IntraFi Network LLC (Nexus Buyer LLC) and Hamilton Projects Acquiror LLC announced price talk with launch, and Byju’s (Think & Learn Private Ltd.) released price talk on its term loan B ahead of its upcoming lender call.

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