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Published on 11/2/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Nautilus, Argon, Capital Auto, Greatbatch, Tecomet break; lots of new deal updates emerge

By Sara Rosenberg

New York, Nov. 2 – Nautilus Power LLC firmed the spread on its term loan B at the high end of guidance before freeing up for trading on Thursday, and deals from Argon Medical Devices Holdings Inc., Capital Automotive LP, Greatbatch Ltd. (Integer Holdings Corp.) and Tecomet hit the secondary market as well.

In more happenings, Office Depot Inc. raised pricing on its term loan B, modified the issue price, sweetened the call protection and made a number of documentation changes, and Edelman Financial Center LLC lifted its term loan B amount, cut pricing and revised the original issue discount.

Also, TerraForm Power Operating LLC increased the size of its term loan B, lowered the spread and tightened the original issue discount, Lyons Magnus Inc. upsized its term loan B and revolver, and adjusted pricing on the term B tranche.

Furthermore, VC GB Holdings Inc. raised the size of its first-lien term loan, and Ineos Styrolution Group GmbH shifted some funds between its U.S. and euro term loans and updated pricing.

And, Intelsat Jackson Holdings SA, Research Now/Survey Sampling, Rackspace Hosting Inc., Cvent Inc., Seahawk Holdings (Dell Software), AGRO Merchants Global LP, Michael Baker International LLC and Tortoise Investments LLC released price talk with launch, and BroadStreet Partners Inc. surfaced with new deal plans.


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