HelpSystems, Outfront Media break; Allsup’s, Restaurant Brands, Univar, ASGN tweaked

By Sara Rosenberg

New York, Nov. 14 – HelpSystems raised the spread on its first-lien term loan, made some changes to documentation and terminated plans for a delayed-draw first-lien term loan, and Outfront Media Inc. set the spread on its term loan B at the low side of talk, and then both of these deals freed to trade on Thursday.

Recommitments for HelpSystems’ first-lien term loan were due at noon ET on Thursday and the debt began trading in the afternoon, with levels quoted at 99¼ bid, 99¾ offered.

Outfront Media’s term loan B also broke for trading in the afternoon, with levels seen at par bid, par ½ offered.

In more happenings, Allsup’s lifted pricing on its first-lien term loan B, widened original issue discount talk, sweetened the call protection, shortened the maturity and modified documentation, and Restaurant Brands International Inc. upsized its term loan B and set the original issue discount at the tight end of guidance.

Also, Univar Inc. lowered the spread on its term loan B-5 and revised the issue price, ASGN Inc. reduced the size of its term loan B as a result of an upsizing to its bond offering, and Cambium Learning Group Inc. moved up the commitment deadline for its add-on first-lien term loan.

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