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Published on 1/20/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

PrimeSource, Truck Hero, Focus Financial, Protective Industrial, Grab Holdings free to trade

By Sara Rosenberg

New York, Jan. 20 – PrimeSource (Park River Holdings Inc.) lowered the spread on its first-lien term loan B and tightened the original issue discount, and Truck Hero Inc. reduced pricing on its first-lien term loan and adjusted the issue price, and then both of these deals broke for trading on Wednesday.

Also, Focus Financial Partners Inc. increased the size of its add-on first-lien term loan and set the issue price at the midpoint of talk before freeing up for trading, and deals from Protective Industrial Products Inc. and Grab Holdings Inc. hit the secondary market as well.

In other news, Ineos Quattro upsized its U.S. and euro first-lien term loan B for a second time, finalized the U.S and euro tranche sizes, reduced pricing again and set the issue price at the tight side of guidance, and Murphy USA Inc. cut the spread on its term loan B and revised the original issue discount.

Additionally, Forcepoint, Gannett Holdings LLC, AlixPartners LLP, Howden Group Holdings Ltd., Endurance International Group Holdings Inc., Calpine Corp. and Resolute Investment Managers released price talk with launch, and Precisely joined this week’s primary calendar.


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