Freeport, US Foods, Plastipak, TransUnion, Cincinnati, Ultra break, C.H. and more break

By Sara Rosenberg

New York, Nov. 17 – Freeport LNG Investments LLLP reduced slightly the size of its first-lien term loan and trimmed the spread, US Foods Inc. changed the original issue discount on its incremental term loan B, and Plastipak Packaging Inc. reverse flexed pricing on its term loan B, and then these deals freed to trade on Wednesday.

TransUnion LLC firmed pricing on its term loan B-6 at the low end of talk, added a step-down and revised the original issue discount, set the issue price on its second-lien term loan at the tight side of revised guidance, and saw its second-lien term loan hit the secondary market during the session.

Also, before breaking, Cincinnati Bell Inc. downsized its seven-year term loan B-2, firmed the spread at the low side of talk, added a step-down and revised the issue price, and upsized its term loan B-1, and Ultra Electronics shifted some funds between its U.S. and euro term loans, finalized pricing on the tranches at the low end of guidance, and changed the original issue discount on the U.S. piece.

C.H. Guenther & Son set the spread on its first-lien term loan at the low side of talk and tightened the original issue discount, and Driven Brands trimmed pricing on its term loan B and finalized the original issue discount at the tight end of guidance, ahead of freeing up for trading, and deals from Covanta Holding Corp. and Resolute Investment Managers Inc. emerged in the secondary market too.

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