Topps changes surface; Asurion, Yahoo, Entain, ATI, Trader Interactive and more set talk

By Sara Rosenberg

New York, July 8 – In the primary market on Thursday, Topps Co. Inc. raised the spread on its first-lien term loan and made some changes to documentation.

Topps lifted pricing on the $200 million seven-year covenant-lite first-lien term loan (B1/B) to Libor plus 400 basis points from talk in the range of Libor plus 350 bps to 375 bps, and left the 0.5% Libor floor, original issue discount of 99 and 101 soft call protection for six months unchanged, according to a market source.

Also, Asurion LLC, Yahoo (Verizon Media), Entain plc, ATI Physical Therapy (ATI Holdings Acquisition Inc.), Trader Interactive, American Trailer World Corp., Confluence Technologies Inc. and Lereta LLC released price talk with launch.

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