Ankura, Sorenson, Cross, Ahlstrom, Pitney, Cowen break; EyeSouth, Avast, Garda revised

By Sara Rosenberg

New York, March 12 – Ankura Consulting Group LLC upsized its second-lien term loan, and Sorenson Communications LLC set the spread on its first-lien term loan at the low end of talk, added a step-down and modified the original issue discount, and then these deals freed up for trading on Friday.

Also, before breaking for trading, Cross Insurance firmed pricing on its first-lien term loan B debt at the tight side of guidance and adjusted the issue price, and Ahlstrom-Munksjo finalized pricing on its U.S. term loan at the low end of talk, added a step-down and revised the original issue discount.

Additionally, Pitney Bowes Inc. upsized its term loan and reduced the spread ahead of freeing to trade, and Cowen Inc.’s first-lien term loan B surfaced in the secondary market as well.

In more happenings, EyeSouth Partners (SCP Eye Care Services LLC) modified the issue price on its first-lien term loan debt and added a leverage-based pricing step-down, Avast Software firmed U.S. and euro tranche sizes, trimmed pricing and set the original issue discount at the tight end of guidance, and Garda World Security Corp. added an add-on first-lien term loan B to its repricing transaction.

Furthermore, First Brands Group LLC, Wilsonart LLC and American Public Education Inc. disclosed price talk with launch.

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