Edgewater, Dana, Element Solutions, Hyperion, SMB break; Odyssey, Talbots set changes

By Sara Rosenberg

New York, Nov. 16 – Edgewater Generation (Spade Facilities II LLC) upsized its term loan, firmed pricing at the low end of talk and adjusted the issue price, and Dana Inc. lifted the size of its term loan B, and then both of these deals freed to trade on Friday.

Also, Element Solutions (Platform Specialty Products Corp./MacDermid Inc.) tightened the original issue discount on its term loan before surfacing in the secondary market, and deals from Hyperion Insurance Group Ltd. and SMB Shipping Logistics LLC broke as well.

In more happenings, Odyssey Logistics & Technology Corp. eliminated plans for a delayed-draw first-lien term loan and set the spread on its incremental funded first-lien term loan at the high side of guidance, and Talbots Inc. downsized its term loan B, officially widened the spread and original issue discount, and shortened the maturity.

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