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Published on 3/21/2024 in the Prospect News CLO Daily and Prospect News High Yield Daily.

U.S. Silica, NorthRiver, RelaDyne, Miter, Medline, Beacon, Zekelman, KinderCare break

By Sara Rosenberg

New York, March 21 – U.S. Silica Co. set the original issue discount on its first-lien term loan B at the tight end of talk, NorthRiver Midstream finalized the spread on its term loan B at the low end of guidance and widened the issue price, and RelaDyne Inc. tightened the original issue discount on its first-lien term loan B-2, and then these deals freed to trade on Thursday.

Other deals to make their way into the secondary market during the session included Miter Brands Acquisition Holdco Inc., Medline Borrower LP, Beacon Roofing Supply Inc., Zekelman Industries Inc., KinderCare Learning Cos. Inc. (Kuehg Corp.) and Hilton Grand Vacations Borrower LLC.

In more happenings, Mister Car Wash Holdings Inc. increased the size of its term loan B, lowered the margin and revised the issue price, and Chromalloy Corp. trimmed pricing on its term loan B.

Also, Installed Building Products Inc. revised the original issue discount on its term loan B, and Truist Insurance Holdings LLC downsized its first-lien term loan B, set pricing at the low end of guidance, removed one leverage-based step-down and tightened the issue price.


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