Omnitracs breaks; Ellucian, Vistra, Global Medical, GCI, Allegro, Agiliti changes emerge

By Sara Rosenberg

New York, Sept. 23 – Omnitracs LLC moved some funds between its first-and second-lien term loans, set pricing at the narrow side of talk on the loans and tightened the original issue discount on the first-lien debt, and then freed up for trading on Wednesday.

In more happenings, Ellucian reduced pricing on its first-lien term loan and adjusted the issue price, and Vistra increased the amount of incremental first-lien term loan debt it is getting with the amendment and extension of its existing first-lien term loans, and finalized the spread on the borrowings at the low end of guidance.

Also, Global Medical Response and GCI LLC upsized their term loans, Allegro Microsystems Inc. trimmed pricing on its first-lien term loan, added two step-downs and revised the issue price, and Agiliti lifted its add-on term loan size and tightened the original issue discount.

Furthermore, PCI Pharma Services (Packaging Coordinators Midco Inc.) accelerated the commitment deadline for its first-lien term loan, and Cambium Learning Group, HighTower Holdings LLC and Closure Systems International Group Inc. disclosed price talk on their loan transactions with launch.

Additionally, Canada Goose Inc., Array Technologies Inc., BrightSpring Health Services (Phoenix Guarantor Inc.), Red Ventures LLC and RBmedia surfaced with new deal plans.

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