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Published on 3/1/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

CSC ServiceWorks, Applied Systems, TierPoint break; Tronox, CCRR Parent tweak deals

By Sara Rosenberg

New York, March 1 – CSC ServiceWorks Holdings LLC firmed the spread on its first-lien term loan B at the narrow side of talk and set the original issue discount at the midpoint of guidance before freeing up for trading on Monday.

Also, Applied Systems Inc. finalized pricing on its second-lien term loan at the low end of talk and then its first-and second-lien term loan surfaced in the secondary market, and TierPoint LLC’s term loan broke for trading as well.

In other news, Tronox Finance LLC lowered the spread on its term loan B, added a pricing step-down and set the original issue discount at the tight side of guidance, and CCRR Parent increased the size of its term loan B, trimmed pricing and revised the issue price.

Furthermore, Playtika Holding Corp., Atotech Ltd., Constant Contact Inc., Ankura Consulting Group LLC, Berlin Packaging LLC, Consolidated Communications Inc., Shearer’s Foods LLC, Warner Music Group (WMG Acquisition Corp.) and U.S. Farathane LLC released price talk with launch.

Additionally, Denali Water Solutions LLC, Alkermes Inc. and Watlow joined this week’s primary calendar.


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