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Published on 11/20/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Berry Plastics, Diamond, Lighthouse, Weight Watchers, Tortoise, Equinox, Sotera break

By Sara Rosenberg

New York, Nov. 20 – Berry Plastics Corp.’s term loans made their way into the secondary market and were bid in line with their issue price on the break, and Diamond Resorts International Inc.’s term loan began trading as well.

Also, Lighthouse Network LLC moved some funds to its first-lien term loan from its second-lien term loan, Weight Watchers International Inc. upsized its term loan B and widened pricing, Tortoise Investments LLC tightened the spread and original issue discount on its term loan and Equinox Holdings Inc. set pricing on its first-lien term loan at the high side of talk, and then all of these deals freed to trade too.

Additionally, Sotera Health Holdings LLC (formerly known as Sterigenics-Nordion Holdings LLC) launched an add-on term loan in the morning and broke the debt for trading by late day.

In more happenings, PODS LLC upsized its term loan B, trimmed pricing and firmed the issue price at the tight end of guidance, and Floor & Decor lifted pricing on its term loan B and added a rating-based step-down.

Furthermore, Oasis Outsourcing Holdings Inc. released price talk with launch, and Phoenix Services surfaced with new deal plans.


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