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Published on 2/9/2023 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Atlas Air, United Talent, Inspire Brands breaks; Ineos, AmWINS, Varsity Brands updated

By Sara Rosenberg

New York, Feb. 9 – Atlas Air Worldwide revised the original issue discount on its first-lien term loan B, and United Talent Agency changed the issue price on its incremental term loan B and shifted the debt to be fungible with an existing loan, and then both of these deals freed up for trading during Thursday’s market hours

Also, Inspire Brands Inc.’s (IRB Holdings Corp.) first-lien term loan made its way into the secondary market as well.

In more happenings, Ineos Group Holdings finalized sizes on its U.S. and euro term loans, lowered the spread on the U.S. tranche and tightened the original issue discount on the euro tranche for a second time, and AmWINS Group Inc. increased the size of its incremental term loan B and accelerated the commitment deadline.

Furthermore, Varsity Brands Inc. set the size of its extended first-lien term loan B and changed the CSA, and UGI Energy Services LLC joined this week’s primary calendar.


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