IFS revises loans; Hyland Software, Liberty Puerto Rico, Service Logic price talk surfaces

By Sara Rosenberg

New York, March 22 – In the primary market on Monday, IFS AB trimmed pricing on its $720 million first-lien term loan B to Libor plus 375 basis points from Libor plus 400 bps and changed the original issue discount to 99.75 from 99.5, trimmed price talk on its euro term loans and tightened original issue discounts on all of the tranches.

The company trimmed price talk on its €520 million first-lien term loan B and €67 million acquisition financing term loan to a range of Euribor plus 350 bps to 375 bps from Euribor plus 400 bps and modified the discount on the loans to 99.75 from 99.5

Also, Hyland Software Inc., Liberty Communications of Puerto Rico and Service Logic released price talk with launch.

Furthermore, Tecta America Corp., W. R. Grace & Co., Magnite, Instant Brands Holdings Inc., City Brewing Co. LLC, Culligan Holding Inc. (AI Aqua Merger Sub Inc.) and PetIQ LLC joined this week’s primary calendar.

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