OpenText, USI, Formula 1 free to trade; Grab rises on tender; Focus, Four Seasons revised

By Sara Rosenberg

New York, Nov. 16 – OpenText Corp. increased the size of its term loan B and firmed the original issue discount at the tight end of guidance, and USI Inc. modified the issue price on its term loan for a second time, and then these deals made their way into the secondary market on Wednesday.

Also, Formula 1 finalized the original issue discount on its term loan B at the tight end of revised talk before breaking for trading, and Grab Holdings Inc.’s term loan B rose a couple of points after the company launched a Dutch auction tender offer for some of the term loan B debt.

In more happenings, Focus Financial Partners LLC shifted funds to its term loan B from its term loan A and firmed the original issue discount on the B loan at the tight side of talk, and Four Seasons Hotels and Resorts set the spread on its first-lien term loan B at the low end of guidance and tightened issue price talk.

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