AZZ, Cambrex, Restoration Hardware loans free to trade; Syniverse changes emerge

By Sara Rosenberg

New York, May 6 – AZZ Inc. lifted pricing on its term loan B, removed a step-down, changed CSA, revised the issue price and adjusted certain documentation items, and then the debt made its way into the secondary market on Friday.

Also, Cambrex Corp. reduced the size of its U.S. incremental first-lien term loan and added a euro incremental first-lien term loan to the structure before freeing up for trading, and Restoration Hardware Inc.’s incremental term loan B-2 broke as well.

Furthermore, Syniverse Holdings LLC widened the spread and original issue discount on its term loan B and made some changes to documentation.

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