Cloud, Alter, Grosvenor, Adeia break; Johnstone, Grant, IPS, TransNetwork, AL GCX revised

By Sara Rosenberg

New York, May 15 – In the secondary market on Wednesday, deals from Cloud Software Group Inc. (Picard Parent Inc.), Alter Domus (Chrysaor Bidco Sarl), Grosvenor Capital Management Holdings LLLP and Adeia Inc. all freed to trade.

Meanwhile, in the primary market, Johnstone Supply LLC reduced pricing on its term loan B, removed step-downs and revised the original issue discount, Grant Thornton Advisors LLC lowered the spread on its term loan B, modified the original issue discount talk and made some changes to documentation, and IPS Corp. (CP Iris Holdco) increased the size of its incremental first-lien term loan, updated pricing and original issue discount, and added a repricing of its existing first-lien term loan.

Also, TransNetwork LLC upsized its add-on term loan B and tightened the issue price, AL GCX Holdings LLC revised the issue price on its incremental term loan B, and Upbound Group Inc. accelerated the commitment deadline for its term loan B.

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