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Asplundh, Tosca Services, Bombardier break; Adtalem, Internet Brands, Dell changes surface
By Sara Rosenberg
New York, Feb. 11 – Asplundh Tree Expert LLC set the spread on its term loan B at the low end of guidance and Tosca Services LLC firmed pricing on its first-lien term loan at the tight side of talk, and then both of these deals made their way into the secondary market on Thursday.
Also, Bombardier Recreational Products Inc. adjusted the original issue discount on its add-on term loan B-1 before freeing up for trading.
In more happenings, Adtalem Global Education Inc. widened the spread and issue price on its term loan B, and Internet Brands increased the size of its incremental first-lien term loan and revised original issue discount guidance on its second-lien term loan.
Furthermore, Dell Technologies Inc. trimmed the Libor floor on its first-lien term loan, and Infinite Electronics (Infinite Bidco LLC), RealPage Inc. and Arclin released price talk with launch.
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