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Published on 5/18/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Cvent term loan B breaks; Wyndham Hotels, Nouryon, Golden Entertainment updates surface

By Sara Rosenberg

New York, May 18 – Cvent Holding Corp. (Capstone Borrower Inc.) increased the size of its first-lien term loan B, set the original issue discount at the wide end of revised talk, removed some pricing step-downs and made some changes to documentation before freeing up for trading on Thursday.

In more happenings, Wyndham Hotels & Resorts Inc. upsized its term loan B and firmed the spread and issue price at the tight end of guidance, and Nouryon adjusted minimum amounts for its U.S. and euro term loans and widened the original issue discount on the U.S. tranche.

Additionally, Golden Entertainment Inc. finalized pricing on its first-lien term loan B at the low end of talk and modified the issue price, and Pediatric Associates came to market with an incremental first-lien term loan.


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