Worldwide/GlobalTranz, Apex Group, Flynn Canada, Iridium break; Confluence updates emerge

By Sara Rosenberg

New York, July 23 – Worldwide Express LLC/GlobalTranz Enterprises LLC downsized its second-lien term loan and finalized pricing on its first-and second-lien tranches, and Apex Group set U.S. and euro term loan tranche sizes, tightened the original issue discount on the U.S. piece and firmed the spread on the euro piece at the low end of guidance, and then of these deals freed to trade on Friday.

Also, Flynn Canada Ltd. reduced the size its term loan, widened the spread and issue price, and extended the call protection before breaking for trading, and Iridium Satellite LLC term loan B made its way into the secondary market as well.

In more happenings, Confluence Technologies Inc. set the spread on its first-lien term loan at the high end of talk and the original issue discount at the tight end of guidance, and eliminated plans for a delayed-draw tranche, and RxBenefits Inc. (RXB Holdings Inc.) and Ontic (Bleriot US Bidco Inc.) accelerated the commitment deadlines for their term loan transactions.

Furthermore, MediaOcean LLC released price talk with launch, and UDG Healthcare/Huntsworth, Waterlogic Group Holdings Ltd., Standard Industries Inc., Midcoast (East Texas) LLC and Eyemart Express LLC joined the near-term primary calendar.

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