Ancestry.com finalizes spread, breaks; Osmose Holdings, JBS USA revisions surface

By Sara Rosenberg

New York, Aug. 17 – Ancestry.com firmed pricing on its term loan B at the wide end of talk and then freed up for trading on Monday, with the debt quoted above its original issue discount.

In more happenings, Osmose Holdings shifted some funds between its first- and second-lien term loans and finalized spreads at the low end of guidance, JBS USA LLC revised the ticking fee on its term loan, and Townsquare Media Inc. surfaced with add-on term loan plans.

Osmose Holdings lifted its seven-year first-lien covenant-light term loan to $285 million from $275 million and firmed pricing at Libor plus 375 bps, the low end of the Libor plus 375 bps to 400 bps talk.

In addition, the company decreased its eight-year second-lien covenant-light term loan to $105 million from $115 million and set the spread at Libor plus 775 bps, the tight end of the Libor plus 775 bps to 800 bps talk.

JBS changed the ticking fee on its $1.2 billion first-lien term loan due August 2022 (Ba1/BB+) to half the spread from day 31 to 60 and the full spread and floor thereafter, from half the spread from days 31 to 60, the full spread from days 61 to 90 and the full spread plus the Libor floor thereafter.

Townsquare Media set a lender call for 10 a.m. ET on Tuesday to launch a fungible $45 million add-on term loan.

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