PODS, Tecomet break; Ortho-Clinical, EPIC Y-Grade, Dental Corp., Corel, ION Trading update

By Sara Rosenberg

New York, May 31 – PODS LLC finalized the original issue discount on its incremental term loan B at the tight end of guidance and then freed to trade on Thursday above that issue price, and Tecomet’s (TecoStar Holdings Inc.) add-on term loan hit the secondary market as well.

In more happenings, Ortho-Clinical Diagnostics firmed the original issue discount on its term loan B at the narrow side of talk and added a leverage-based pricing step-down, and EPIC Y-Grade Services LP widened the spread and issue price on its term loan B and sweetened the call protection.

Also, Dental Corp. of Canada Inc. revised the original issue discount on its first-lien term loan debt and adjusted delayed-draw ticking fees, Corel Corp. increased the size of its term loan, ION Trading Finance Ltd. made some documentation changes to its incremental term loan, and ADS Tactical Inc. postponed syndication of its term loan B.

Furthermore, PowerSchool Group LLC, Uber Technologies Inc., Bob’s Discount Furniture LLC and Acrisure Holdings Inc. disclosed price talk with launch, and Electrical Components International Inc., Standard Media Group LLC, MHS Holdings Inc., Installed Building Products Inc. and OEConnection LLC joined the near-term primary calendar.

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