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St. George’s, Flynn, Conduent, Novolex, Standard Media, Electrical Components break
By Sara Rosenberg
New York, June 22 – St. George’s University set the spread on its term loans at the low side of talk and modified the ticking fee on the delayed-draw tranche, and Flynn Restaurant Group LP raised pricing on its first-lien term loan and finalized the spread on its second-lien term loan at the wide end of guidance, and them both of these deals hit the secondary market on Friday.
Also, Conduent Business Services LLC firmed pricing on its term loan B at the high end of talk before freeing up, and loans from Novolex (Flex Acquisition Co. Inc.), Standard Media Group LLC and Electrical Components International Inc. broke as well.
In other news, MedPlast Holdings Inc. lowered pricing on its first-and second-lien term loans, Alterra Mountain Co. (Intrawest Resorts Holdings Inc.) upsized its add-on term loan and modified the issue price, and Young Innovations Inc. withdrew its term loan repricing from market.
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