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Published on 5/22/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

GMS, Waste Industries, U.S. Lumber free up; Northstar, Evans Network adjust deal terms

By Sara Rosenberg

New York, May 22 – A couple of deals hit the secondary market on Tuesday, including GMS Inc. (GYP Holdings III Corp.), Waste Industries USA LLC (Wrangler Buyer LLC) and U.S. Lumber Group LLC.

Switching to the primary market, NorthStar Financial Services Group LLC finalized spreads on its first-and second-lien term loans at the low end of guidance and tightened the issue price on the second-lien tranche.

Also, Evans Network of Cos. modified the original issue discount on its term loan debt and added a pricing step-down, Tecomet came to market with an add-on term loan, and PODS LLC surfaced with new deal plans.


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