ArchKey, Culligan deal updates surface; EG Group eliminates add-on term loan plans

By Sara Rosenberg

New York, Nov. 10 – In the primary market on Friday, ArchKey Holdings Inc. reduced the size of its delayed-draw term loan and finalized the original issue discount at the wide end of guidance, and Culligan International Co. (AI Aqua Merger Sub Inc.) added a delayed-draw term loan to its proposed capital structure.

Also, EG Group pulled its U.S. and euro senior secured add-on term loan B from market and is still going forward with its senior secured bond offering, however, the company will now also get privately placed floating rate notes and a bridge loan.

Furthermore, Perrigo joined the near-term new issue calendar with a fungible add-on term loan B that will be used to fund a tender offer for some notes.

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