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Published on 11/3/2016 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Telenet, Chromaflo, Murray, Camping World, Quikrete, Zep, Dayton break; Houghton weakens

By Sara Rosenberg

New York, Nov. 3 – Telenet (Telenet International Finance Sarl/Telenet Financing USD LLC) upsized its U.S. and euro term loans, set spreads at the low end of guidance and tightened the issue price on the euro piece, and then the debt freed up for trading on Thursday.

Chromaflo Technologies LLC moved some funds between its first- and second-lien term loans and finalized issue prices, and Murray Energy Corp. widened the original issue discount on its term loan B-3, and then both of these broke as well.

Deals from Camping World Good Sam, Quikrete Co., Zep Inc. and Dayton Superior Corp. also broke into the secondary market during the session, and Houghton Mifflin Harcourt’s term loan softened following the release of third quarter numbers.

Back in the primary market, Infoblox Inc. lifted pricing on its first- and second-lien term loans, and ServiceMaster Global Holdings Inc. increased its term loan B size.

Also, Acrisure LLC upsized its first-lien term loan, and Winnebago Industries Inc. set pricing on its term loan B at the high end of guidance.

Furthermore, WME IMG LLC accelerated the commitment deadline on its add-on term loan, Inmar came out with price talk on its add-on term loan with launch, and Innovative XCessories & Services LLC and IPS Corp. emerged with new deal plans.


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