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Published on 3/6/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Navios, Atrium Innovations, Aspen Dental break; Valeant term F dips; Allnex makes changes

By Sara Rosenberg

New York, March 6 – Navios Maritime Partners LP’s first-lien term loan B emerged in the secondary market on Monday above its original issue discount, and, following updates to terms, deals from Atrium Innovations Inc. and Aspen Dental (ADMI Corp.) freed up too.

In more trading happenings, Valeant Pharmaceuticals International Inc.’s term loan F weakened as the company came to market with an incremental loan.

Returning to the primary market, Allnex added a proposal for an add-on U.S. dollar and euro term loan and tweaked its repricing requests, and XPO Logistics Inc. set the spread on its term loan at the low end of talk after first launching to investors in the morning.

Furthermore, RPI Finance Trust (Royalty Pharma), Capital Automotive LP, Big Jack’s Holdings LP (Jack’s Family Restaurant), Allison Transmission Inc. and Gartner Inc. released price talk with launch, and Outfront Media Inc., Entegris Inc., HUB International Ltd. and Eldorado Resorts Inc. joined this week’s primary calendar.


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