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Caesars Growth, Asurion break atop par; Inmar, Garda, Radio Systems, Accuride update deals
By Sara Rosenberg
New York, April 24 – Caesars Growth Properties Holdings LLC’s incremental first-lien term loan and repriced term loan hit the secondary market on Monday above their issue price, and Asurion LLC’s term loan B-5 freed to trade as well.
Switching to the primary market, Inmar Inc. trimmed spread on its first- and second-lien term loans and added a step-down to the first-lien tranche, and Garda World Security Corp. is considering downsizing its term loan B to accommodate the potential results of a bond redemption offer.
Also, Radio Systems Corp. lowered pricing on its term loan B, added a step-down and set the issue price at the tight side of guidance, and Accuride Corp. revised the original issue discount on its add-on term loan B.
In addition, Misys Ltd. accelerated the commitment deadline on its credit facilities, and Truck Hero Inc. joined this week’s primary calendar.
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