AkzoNobel breaks; Ciena, 8th Avenue, U.S. Lumber, Garrett, PCI Pharma revisions emerge

By Sara Rosenberg

New York, Sept. 20 – AkzoNobel Specialty Chemicals’ credit facilities made their way into the secondary market on Thursday, with the U.S. term loan B quoted above its original issue discount.

Moving to the primary market, Ciena Corp. lowered pricing on its term loan B and tightened the original issue discount, and 8th Avenue Food & Provisions Inc. shifted some funds between its first-and second-lien term loans, updated spreads and modified issue prices.

Also, U.S. Lumber Group LLC lifted pricing on its term loan, raised pricing, widened the original issue discount and sweetened the call protection, Garrett Motion Inc. updated its U.S. and euro term loan B sizes and trimmed spreads, and PCI Pharma Services (Packaging Coordinators Midco Inc.) revised the issue price on its incremental first-lien term loan.

In addition, R.R. Donnelley & Sons Co., Bomgar Corp., Tortoise Investments LLC, Liquidnet Holdings Inc. and DigiCert Holdings Inc. released price talk with launch, and Distributed Power and Numotion joined the near-term primary calendar.

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