Motel 6, Maverick, Teaching, Alight, Packers break; Greatbatch, Sylvamo, Esdec revised

By Sara Rosenberg

New York, Aug. 19 – Motel 6 lowered pricing on its term loan B, reduced the Libor floor, tightened the issue price and changed the call protection, and Maverick Gaming LLC increased the size of its term loan B, and then both of these deals freed to trade on Thursday.

Other deals to surface in the secondary market during the session included Teaching Strategies (Foundational Education Group Inc.), Alight Solutions and Packers Holdings LLC (PSSI).

In more happenings, Greatbatch Ltd. (Integer) firmed the spread and the original issue discount on its term loan B at the tight end of guidance, Sylvamo Corp. downsized its term loan B, modified price talk, set the original issue discount at the wide side of guidance and sweetened the call protection, and Esdec Solar Group BV widened spread, floor and issue price talk on its term loan B.

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