Unifrax frees to trade; Sedgwick Claims, Infrastructure & Energy revisions emerge

By Sara Rosenberg

New York, Nov. 5 – Unifrax (ASP Unifrax Holdings Inc.) saw its credit facilities surface in the secondary market on Monday, with the first-lien term loan quoted above its original issue discount and the second-lien term loan bid in line with its issue price.

Switching to the primary market, Sedgwick Claims Management Services Inc. set the spread on its term loan B at the low end of guidance, added a step-down and revised the original issue discount.

Also, Infrastructure & Energy Alternatives Inc. (IEA) widened pricing on its first-lien term loan, eliminated a step-down, extended the call protection and made a number of documentation changes.

In addition, Rocket Software Inc., Algoma and Ring Container Technologies Group LLC released price talk with launch, and Solenis Holdings LLC, MSX International and Applied Systems Inc. emerged with new deal plans.

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