Ellie Mae, E.W. Scripps free up; Ultimate Software, Greenhill, Perstorp changes surface

By Sara Rosenberg

New York, April 5 – Ellie Mae Inc.’s credit facilities broke for trading during Friday’s market hours, with the first-lien term loan quoted above its original issue discount, and E.W. Scripps Co.’s incremental term loan B freed up too.

Meanwhile, in the primary market, Ultimate Software Group Inc. trimmed the spread on its first-lien term loan, added a leverage-based step-down and tightened the issue price.

Additionally, Greenhill & Co. Inc. increased the size of its first-lien term loan, firmed pricing at the low end of guidance and adjusted the original issue discount, and Perstorp Holding AB widened the spread and issue price on its U.S. and euro term loans.

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