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Published on 9/22/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Forward Air, NCR Atleos break; CPM, Ingram Micro, St. Joseph, Priority Technology updated

By Sara Rosenberg

New York, Sept. 22 – Forward Air Corp. (Clue Opco LLC) upsized its term loan B, widened the spread and original issue discount, extended the call protection and made some revisions to documentation, and NCR Atleos LLC downsized its term loan B, and modified the original issue discount and amortization, and then these deals freed to trade on Friday.

In more happenings, CPM Holdings Inc. increased the size of its first-lien term loan, reduced the margin and changed the issue price, Ingram Micro finalized pricing on its term loan B at the high end of talk, and St. Joseph Energy Center set the floor on its first-lien term loan B at the high end of guidance.

Also, Priority Technology Holdings Inc. upsized its add-on term loan B for a second time, and Fleetpride and Simon & Schuster (Century DE Buyer LLC) moved up the commitment deadlines for their first-lien term loans.

Furthermore, Heritage-Crystal Clean Inc. (JFL-Tiger Acquisition Co. Inc.) and GIP III Stetson joined the near-term primary calendar, and MedImpact (MI OpCo Holdings Inc.) released price talk on its in market first-lien term loan B debt.


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