Clear Channel Outdoor, Hyland Software, Jaggaer free to trade; Kaman Distribution updated

By Sara Rosenberg

New York, Aug. 9 – Clear Channel Outdoor Holdings Inc. finalized the spread on its term loan B at the low end of talk, added a step-down and tightened the original issue discount, and then the debt surfaced in the secondary market on Friday.

Additionally, Hyland Software Inc. modified issue prices on its first-and second-lien term loans before breaking for trading, and Jaggaer’s term loan freed up as well.

In more happenings, Kaman Distribution Group (Ruby Holdings II LLC) widened spreads and original issue discounts on its first-and second-lien term loans, and sweetened the call protection on the first-lien tranche.

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