McAfee Enterprise first-lien softens post-downgrade; Amynta steady; NEP allocates euro loan

By Sara Rosenberg

New York, Dec. 18 – McAfee Enterprise (Magenta Buyer LLC) saw its first-lien term loan soften in the secondary market on Monday following a downgrade of the company’s ratings by S&P Global Ratings, and Amynta’s term loan held steady in trading from recent break levels.

McAfee Enterprise’s first-lien term loan dropped to 66˝ bid, 68˝ offered on Monday from 67 bid, 69 offered on Friday as the company’s ratings were cut by S&P, a trader remarked.

In more happenings, NEP allocated on Monday its euro term loan B, following allocations going out on its U.S. term loans on Friday.

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