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Published on 3/13/2018 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Pike, Global Payments, PGT break; Delek, Albea edited; Carlisle FoodService moves deadline

By Sara Rosenberg

New York, March 13 – Pike Corp.’s term loan B made its way into the secondary market on Tuesday and the debt was seen trading above its original issue discount, and Global Payments Inc. and PGT Inc. freed up as well.

Moving to the primary market, Delek US Holdings Inc. increased the size of its term loan B and trimmed the spread, Albea Beauty Holdings SA firmed pricing on its U.S. and euro term loans at the low end of guidance and tightened issue prices on the tranches, and Carlisle FoodService Products accelerated the commitment deadline on its first-lien term loan debt.

Also, EG Group, HelpSystems LLC, Prestige Brands Inc., Fogo de Chao Inc., Engility Corp., Lindblad Expeditions Inc. and Certara announced price talk with launch.

In addition, KBR Inc., Las Vegas Sands LLC, Loparex International Holding B.V., Freedom Mortgage Corp., Iron Mountain Inc. and LifeMiles Ltd. joined this week’s primary calendar.


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