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Published on 9/19/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

ECi, Aristocrat, HUB, TNS, Flexera break; Avantor, Wilshire, Waste, Multi-Color revised

By Sara Rosenberg

New York, Sept. 19 – ECi Software Solutions’ credit facilities emerged in the secondary market on Tuesday, with the first-and second-lien term loans quoted above their original issue discounts, and Aristocrat Leisure Ltd. and HUB International Ltd. broke too.

Also, TNS Inc. downsized its add-on term loan B, and Flexera Software LLC modified the original issue discount on its add-on term loan, and then both of these deals freed up for trading as well.

In more happenings, Avantor reduced its U.S. term loan size and increased its euro term loan amount, revised original issue discount talk on the debt and sweetened the call protection, and Wilshire Grand Center (Hanjin International Corp.) tightened spread and issue price on its term loan B.

In addition, Waste Industries (Wrangler Buyer Corp.) set pricing on its term loan, added a step-down and modified the issue price, Multi-Color Corp. upsized its term loan B while tightening the spread and original issue discount, and International Equipment Solutions LLC accelerated the commitment deadline on its term loan B.

Furthermore, West Corp. (Olympus Merger Sub Inc.), Caesars Resort Collection LLC, Ring Container Technologies, PSC/HydroChem, MW Industries, Authentic Brands Group, Ultra Petroleum Corp. and Institutional Shareholder Services Inc. (ISS) released price talk with launch, and Odyssey Logistics & Technology Corp. joined this week’s primary calendar.


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