Baldwin, Organon, Protective Industrial, American Axle break; Alter Domus, Grosvenor revised

By Sara Rosenberg

New York, May 14 – Baldwin Insurance Group Holdings LLC finalized the spread on its term loan B at the low end of talk and modified the issue price, and Organon & Co. firmed pricing on its term loan B at the low end of guidance and adjusted the original issue discount, and then these deals freed to trade on Tuesday.

Other loan transactions to make their way into the secondary market during the session included Protective Industrial Products Inc. (PIP) and American Axle & Manufacturing Inc.

In more happenings, Alter Domus (Chrysaor Bidco Sarl) set sizes on its U.S. and euro term loans, lowered the spread on the U.S. debt, firmed the margin on the euro debt at the low end of revised talk, and tightened the issue price on all of the debt.

Also, Grosvenor Capital Management Holdings LLLP trimmed pricing on its first-lien term loan B and revised the issue price, Cloud Software Group Inc. (Picard Parent Inc.) upsized its first-lien term loan B again and Mirion Technologies Inc. released price talk with launch.

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