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Published on 12/15/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Dynegy, Evoqua, Wheelabrator, NAB, Learfield, VICI, Ascensus, Hyperion, ABC and more break

By Sara Rosenberg

New York, Dec. 15 – A number of deals began trading on Friday, including Dynegy Inc., Evoqua Water Technologies (EWT Holding III Corp.), Wheelabrator Technologies Inc. (Granite Acquisition Inc.), North American Bancard (NAB Holdings LLC), Learfield Communications LLC and Tradesmen International LLC.

Also, VICI Properties Inc. firmed the spread on its term loan at the low end of guidance and modified the issue price, Ascensus Inc. set pricing on its incremental and repriced term loan debt at the tight side of talk, and Hyperion Insurance Group Ltd. finalized pricing on its term loans at the low side of guidance and removed the step-down, and then all of these deals broke for trading too.

In addition, ABC Financial Inc. set the spread on its first-lien term loan at the high end of guidance, Refresco firmed pricing on its term loans at the tight end of talk, and Glass Mountain Pipeline Holdings LLC set pricing on its term loan B at the low end of talk, and then these loans hit the secondary market as well.

Furthermore, Go Wireless reduced the size of its term loan, lifted pricing and sweetened the call premium, and BenefitMall (BMC Acquisition Inc.) widened spread and original issue discount on its term loan and extended the call protection.


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