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Published on 4/4/2024 in the Prospect News CLO Daily and Prospect News High Yield Daily.

AssuredPartners, Avient, GEO, Agiliti, International-Matex break; Herbalife, Dye updated

By Sara Rosenberg

New York, April 4 – AssuredPartners Inc. upsized its incremental first-lien term loan B-5 and revised the original issue discount, Avient Corp. firmed the spread on its term loan B-8 at the high end of talk and the issue price at the tight side of guidance, and GEO Group Inc. increased the size of its term loan B and modified the original issue discount, and then these deals freed to trade on Thursday.

Also, Agiliti Inc. upsized its incremental first-lien term loan, firmed pricing at the low end of talk and tightened the issue price before breaking for trading, and International-Matex Tank Terminals’ (ITT Holdings LLC) term loan B hit the secondary market as well.

In more happenings, Herbalife Ltd. (HLF Financing Sarl LLC) raised pricing on its term loan B, widened the issue price, sweetened the call protection and made a number of changes to documentation, and Dye & Durham reduced the size of its term loan B, trimmed the margin, added a step-down, changed the original issue discount and extended the call protection.


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