Zayo, ThoughtWorks, Medforth, Sabre, Aptean break; Kronos, Ultimate react to merger news

By Sara Rosenberg

New York, Feb. 20 – Zayo Group Holdings Inc. increased the size of its U.S. term loan and trimmed pricing, set the spread on its euro term loan at the low side of guidance and tightened issue prices on both tranches, before breaking for trading on Thursday.

Also, ThoughtWorks Inc. and Medforth firmed pricing on their term loans at the high end of talk, Sabre Industries added a pricing step-down to its term loan B, and Aptean upsized its incremental first-lien term loan and firmed the issue price at the tight end of talk, and then these deal made their way into the secondary market too.

In more trading happenings, Kronos Inc. and Ultimate Software saw their term loans soften during the session after news emerged that the companies will be merging.

Back in the primary market, Cast & Crew Entertainment Services accelerated the commitment deadline for its add-on term loan B and repricing of its existing term loan B.

Furthermore, Bausch Health Americas Inc., Tosca Services LLC, Minimax Viking, Vistage International Inc. and Hornblower Holdings released price talk with launch, and Duff & Phelps and Grosvenor Capital Management joined the near-term primary calendar.

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