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Published on 10/5/2018 in the Prospect News Bank Loan Daily.

United Rentals, RevSpring, Fogo de Chao, NFP, GoodRx, J.D. Power, NEP Group, NES break

By Sara Rosenberg

New York, Oct. 5 – United Rentals (North America) Inc. firmed the spread on its term loan B at the low end of guidance and revised the issue price, RevSpring Inc. changed the original issue discount on its first-lien term loan and Fogo de Chao Inc. widened pricing on its term loan, and then all of these deals emerged in the secondary market on Friday.

Additionally, NFP Corp. adjusted the original issue discount on its incremental term loan B before freeing up for trading, and deals from GoodRx, J.D. Power, NEP Group Inc. and NES Global Talent Finance US LLC broke as well.

In more happenings, SurveyMonkey set the spread on its term loan at the tight side of talk and modified the issue price, and Forming Machining Industries Holdings LLC moved some funds between its first-and second-lien term loans, raised pricing on both tranches and added a step-down to the first-lien debt.

Furthermore, Paradigm (EIF Van Hook Equity Holdings) lifted pricing on its term loan, widened the issue price, extended the call protection and shortened the maturity, and Paradigm Outcomes (Comet Acquisition Inc.), BroadStreet Partners Inc., Horizon Pharma Inc. and Consilio hopped onto the near-term primary calendar.


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