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Veracode frees to trade; Penn National changes emerge; First Brands, Denali Water set talk
By Sara Rosenberg
New York, April 20 – Veracode (Mitnick Corporate Purchaser Inc.) increased the size of its first-lien term loan, lifted pricing, set the original issue discount at the tight end of revised guidance and extended the call protection, and terminated plans for a second-lien term loan, before breaking for trading on Wednesday.
In more happenings, Penn National Gaming Inc. trimmed the spread on its term loan B and tightened the original issue discount.
Also, First Brands Group LLC approached lenders with an incremental first-lien term loan, Denali Water Solutions LLC released price talk on its incremental term loan with launch and Bausch + Lomb joined this week’s primary calendar.
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