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Published on 12/9/2021 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Brook, AIT, Mediaocean, Installed, US Radiology, Cloudmed, OEConnection, Ingenovis break

By Sara Rosenberg

New York, Dec. 9 – Brook + Whittle (Merion Rose Merger Sub Inc.) trimmed the spread on its first-lien term loan, removed a leverage-based step-down and revised ticking fees on the delayed-draw piece, and AIT Worldwide Logistics upsized its incremental first-lien term loan and modified the issue price, and then these deals freed to trade on Thursday.

Other deals to emerge in the secondary market during the session included Mediaocean, Installed Building Products Inc., US Radiology Specialists Inc., Cloudmed, OEConnection LLC and Ingenovis Health.

In more happenings, Yahoo disclosed the breakdown of its add-on term loans and firmed the original issue discount at the tight end of talk, and Anticimex Inc. increased the size of its incremental term loan B, set pricing at the low side of guidance, added a step-down and changed the issue price.

Also, Aveanna Healthcare LLC finalized the spread on its second-lien term loan at the high end of talk, Baldwin Risk Partners LLC upsized its add-on first-lien term loan B, and DiversiTech, RealPage Inc. and Tosca Services LLC moved up the commitment deadlines for their term loan transactions.


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