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Published on 8/21/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Dresser Natural Gas, DataBank break; Husky softens; Bay Club, SI Group changes surface

By Sara Rosenberg

New York, Aug. 21 – Deals from Dresser Natural Gas Solutions and DataBank emerged in the secondary market during Tuesday’s session, and Husky Injection Molding Systems (Titan Acquisition Ltd.) saw its term loan fall on earnings results.

Moving to the primary market, Bay Club (Bulldog Purchaser Inc.) widened the original issue discount and extended the call protection on its first-lien term loan debt, finalized the issue price on its second-lien term loans at the tight end of guidance and adjusted delayed-draw ticking fees.

In addition, SI Group narrowed the original issue discount on its first-lien term loan from revised talk but it still came wider than initial talk, and U.S. Lumber Group LLC surfaced with new deal plans.


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