Liftoff, PS Logistics, Cable & Wireless, Virtusa, Cano, U.S. Anesthesia, J&J, Team break

By Sara Rosenberg

New York, Sept. 23 – Liftoff Mobile Inc./Vungle Inc. (Red Planet Borrower LLC) increased the size of its term loan B and finalized the spread and original issue discount at the tight end of guidance, and PS Logistics adjusted the issue price on its term loan B, and then these deals freed to trade on Thursday.

Also, before breaking for trading, Cable & Wireless (Coral-U.S. Co-Borrower LLC) set pricing on its term loan B-6 at the high end of talk and tightened the original issue discount, Virtusa Corp. finalized the Libor floor on its term loan B at the high end of guidance, and Cano Health LLC modified the issue price on its incremental first-lien term loan.

Other deals to hit the secondary market during the session included U.S. Anesthesia Partners, J&J Gaming (J&J Ventures Gaming LLC) and Team Services Group.

In more happenings, Sanderson Farms Inc./Wayne Farms LLC downsized its term loan B and set pricing at the narrow end of talk, and upsized its term loan A-1, and DexKo Global Inc. moved some funds between its U.S. and euro term loans, lowered spreads and revised step-downs.

Furthermore, Colonial First State downsized its U.S. term loan and upsized its Australian term loan, Catalent Inc. changed the original issue discount on its incremental term loan B, and American Tire Distributors Inc. delayed the launch of its term loan B.

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