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Published on 9/5/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Multiple deals pile onto new issue calendar for launch this week and next week

By Sara Rosenberg

New York, Sept. 5 – Primary activity was in full swing on Tuesday as deals from Avantor, Refresco, DigiCert Inc., Pike Corp., Traeger Grills (TGP Holdings III LLC), Applied Systems Inc., Golden Nugget Inc., PlayCore, ECi Software Solutions, Cast & Crew Entertainment Services LLC, DataBank, VerticalScope, TNS Inc., Sebia and Conduent all joined the near-term calendar.

Avantor will hold a bank meeting at 11 a.m. ET in New York on Thursday, a bank meeting in London (City) on Monday and a bank meeting in London (West End) on Sept. 12 to launch new credit facilities (B2), according to a market source.

The facilities consist of a $250 million revolver, a $2,401,000,000 first-lien term loan and a €500 million first-lien term loan, the source said.

Refresco scheduled a bank meeting in London for Monday and one in New York for Sept. 12 to launch its previously announced credit facilities (Ba3/BB-), a market source said.

The facilities consist of a €200 million six-year multi-currency revolver, a $620 million seven-year senior secured term loan B and a €1.3 billion seven-year senior secured term loan B.


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