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Hyperion, Help at Home, Adevinta, Sovos break; Barracuda, Albany Molecular update deals
By Sara Rosenberg
New York, Oct. 22 – Hyperion Insurance Group Ltd. reduced the size of its U.S. first-lien term loan B and finalized the spread at the low end of talk, and added a euro add-on first-lien term loan B to its capital structure, before the loans made their way into the secondary market on Thursday.
Also, Help at Home LLC (HAH Group Holding Co. LLC) set pricing on its first-lien term loan at the high end of talk and extended the call protection, Adevinta firmed pricing on its U.S. term loan B at the low end of revised guidance, and Sovos Brands Intermediate Inc. revised the original issue discount on its incremental covenant-lite first-lien term loan, and then all of these deals broke for trading as well.
In addition, Barracuda Networks firmed pricing on its add-on first-lien term loan at the low end of guidance, and tightened the spread and original issue discount on its second-lien term loan, and Albany Molecular Research Inc. lowered pricing on its incremental first-lien term loan and modified the issue price.
Furthermore, Resolute Investment Managers Inc., Wrench Group LLC and Nuvei Corp. announced price talk with launch, and ION Analytics and Avantor joined this week’s primary calendar.
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