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Published on 5/22/2019 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Jefferies, Autodata, Stats, BioScrip, IAA Spinco, Eastern Power, Nautilus, Sirius break

By Sara Rosenberg

New York, May 22 – Jefferies Finance LLC upsized its first-lien term loan and tightened the issue price, and Autodata Group moved some funds between its first-lien term loan and privately placed second-lien term loan, set the spread on the first-lien debt at the low end of talk and modified the original issue discount, and then both of these deals emerged in the secondary market on Wednesday.

Also, before breaking for trading, Stats LLC firmed the issue price on its term loan B at the middle of revised talk, BioScrip/Option Care Enterprises Inc. (HC Group Holdings II LLC) widened the spread and discount on its first-lien term loan B and extended the call protection, IAA Spinco Inc. downsized its term loan B, and Eastern Power LLC changed the original issue discount on its add-on term loan B.

Furthermore, Nautilus Power LLC increased the size of its add-on term loan B, revised the original issue discount and freed to trade, and Sirius Computer Solutions Inc.’s new loan hit the secondary market as well.


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