Jane, Ineos, Westinghouse, Murphy break; Careismatic, First Advantage, Vestcom tweaked

By Sara Rosenberg

New York, Jan. 21 – Jane Street Group LLC upsized its add-on term loan B and adjusted the original issue discount before freeing up for trading on Thursday, and deals from Ineos Quattro, Westinghouse (Brookfield WEC Holdings Inc.) and Murphy USA Inc. surfaced in the secondary market as well.

In more happenings, Careismatic Brands moved some funds between its first- and second-lien term loans, and tightened spreads, Libor floors and original issue discounts on both tranches, First Advantage cut pricing on its add-on term loan and changed the original issue discount, and added a repricing of its existing term loan to its transaction, and Vestcom Parent Holdings Inc. increased the size of its incremental first-lien term loan B.

Also, Whole Earth Brands Inc., Precisely, Epicor Software Corp., American Bath Group LLC (CP Atlas Buyer Inc.), KIK Consumer Products (Kronos Acquisition Holdings Inc.) and Citadel announced price talk with launch, and Rent-A-Center Inc. joined the near-term primary calendar.

In its deal, Jane Street Group increased its fungible seven-year add-on term loan B to $577 million from $300 million and changed the original issue discount on the add-on debt to 99.875 from 99.75, according to a market source.

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