Warner, WellSky, Go Daddy, Corel break; Leslie’s, Ultra Clean, ADS Tactical tweak deals

By Sara Rosenberg

New York, March 3 – Warner Music Group (WMG Acquisition Corp.) finalized the issue price on its incremental first-lien term loan at the tight end of guidance, and then the debt broke for trading on Wednesday.

Other deals to make their way into the secondary market during the session included WellSky, Go Daddy Operating Co. LLC and Corel Corp.

In other news, Leslie’s Poolmart Inc. trimmed pricing on its term loan B, tweaked the step-down and tightened the original issue discount, and Ultra Clean Holdings Inc. lowered the spread on its incremental first-lien term loan, added a pricing step-down and added a repricing of its existing term loan.

Also, ADS Tactical Inc. reduced the size of its term loan B, widened the spread, floor and original issue discount, sweetened the call protection and shortened the maturity, EG Group upsized its second-lien term loan, and Playtika Holding Corp. accelerated the commitment deadline for its first-lien term loan.

Furthermore, Kenan Advantage Group Inc., Flow Control Group (Flow Merger Sub Inc.), EyeSouth Partners (SCP Eye Care Services LLC), Cowen Inc., Watlow and Denali Water Solutions LLC announced price talk with launch.

Additionally, Sorenson Communications LLC, Avast Software, Hudson River Trading, WildBrain and Churchill Downs Inc. surfaced with new deal plans.

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