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Published on 3/30/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Virgin Pulse, MyEyeDr., W.R. Grace break; Belfor revised; Atlantic, City Brewing accelerated

By Sara Rosenberg

New York, March 30 – Virgin Pulse lowered the spread on its second-lien term loan and finalized the original issue discount at the tight end of guidance, and MyEyeDr. (MED ParentCo. LP) increased the size of its incremental first-lien term loan, and then both of these deals broke for trading on Tuesday.

Another deal to make its way into the secondary market during the session was W.R. Grace & Co.’s term loan B-3.

In other news, Belfor Holdings Inc. upsized its add-on first-lien term loan and modified the issue price, and Atlantic Power Corp. (Thermal Asset portfolio) and City Brewing Co. LLC accelerated the commitment deadlines for their term loan transactions.

Also, Michaels Cos. Inc., ArcLight NGPL Holdings LLC (AL NGPL Holdings LLC) and CoreLogic joined this week’s primary calendar.


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