AlixPartners term loan frees to trade; ION Corporates changes emerge; CentroMotion sets talk

By Sara Rosenberg

New York, July 12 – AlixPartners LLP increased the size of its incremental first-lien term loan B and finalized the original issue discount at the tight end of revised guidance, and then the debt broke for trading on Wednesday.

AlixPartners raised its fungible incremental first-lien term loan B due Feb. 4, 2028 to $400 million from $375 million and firmed the original issue discount at 99.25, the tight end of updated talk of 99.03 to 99.25 and revised from initial talk in the 99 area, according to a market source.

In more happenings, ION Corporates upsized its first-lien term loan B and trimmed the spread after accelerating the commitment deadline.

Also, CentroMotion (LSF12 Badger Bidco LLC) came out with price talk on its first-lien term loan B in connection with its lender call.

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