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Published on 10/5/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

APi, Heritage-Crystal, International-Matex, Aramsco, GIP, Interstate Waste, iSolved break

By Sara Rosenberg

New York, Oct. 5 – APi Group DE Inc. outlined sizes on its first-lien term loans and firmed pricing at the high side of talk, and Heritage-Crystal Clean Inc. (JFL-Tiger Acquisition Co. Inc.) increased the size of its first-lien term loan, lowered the spread and finalized the original issue discount at the tight end of guidance, and then these deals freed to trade on Thursday.

Also, before breaking for trading, International-Matex Tank Terminals (ITT Holdings LLC) set the spread and issue price on its term loan B at the wide side of talk, Aramsco Inc. eliminated pricing step-downs from its first-lien term loans, and GIP III Stetson set the original issue discount on its term loan B at the wide end of talk.

Furthermore, Interstate Waste Services Inc. (Action Environmental Group Inc.) firmed the issue price on its term loan debt at the tight side of guidance, tweaked the delayed-draw terms and made some modifications to documentation ahead of hitting the secondary market, and iSolved Inc.’s first-lien term loan freed up too.


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