Belron, Ellie Mae, Ascensus break; Clarivate, MI Windows, GoodRx changes surface

By Sara Rosenberg

New York, Oct. 25 – Belron finalized its U.S. and euro term loan tranche sizes and adjusted issue prices, and Ellie Mae Inc. changed the original issue discount on its incremental first-lien term loan, and then these deals freed to trade, and Ascensus Inc.’s first-lien term loan broke as well.

Specifically, Belron set its U.S. term loan size at €750 million equivalent and changed the original issue discount to 99.75. The company firmed its add-on euro term loan size at €100 million and finalized the issue price at 100.5. The U.S. term loan broke for trading with levels quoted at par bid, par ½ offered.

Ellie Mae tightened the original issue discount on its incremental first-lien term loan to 99.25 from 99. The loan emerged in the secondary market with levels quoted at 99 3/8 bid, 99 7/8 offered.

Ascensus’ first-lien term loan began trading with levels seen at 99½ bid, par offered. Pricing is Libor plus 425 bps with a 1% Libor floor and it was sold at an original issue discount of 99.25.

In more happenings, Clarivate Analytics reduced the size of its term loan B and tightened the original issue discount, and MI Windows and Doors LLC widened spread talk and the issue price on its term loan B.

Furthermore, GoodRx modified the issue price on its incremental first-lien term loan.

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