Mitratech changes revolver size, moves term loan deadline; Triton steady after downgrade

By Sara Rosenberg

New York, March 1 – In the primary market on Tuesday, Mitratech upsized its incremental revolving credit facility, accelerated the commitment deadline for its incremental first-lien term loan and added a joint lead arranger to the transaction.

Mitratech raised its incremental revolver to $38.5 million from $30 million, for a pro forma total size of $78.5 million, according to a market source.

In addition, the company moved up the commitment deadline for its non-fungible $225 million incremental first-lien term loan due May 2028 (B2/B-) to noon ET on Wednesday from 5 p.m. ET on Wednesday, the source continued.

And, over in the secondary market, Triton Water Holdings Inc.’s first-lien term loan held in the low-90s context, basically shrugging off ratings downgrades by Moody’s Investors Service as the market in general was stronger.

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