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Tecta America deal changes surface; RSA Security, Aecom release price guidance
By Sara Rosenberg
New York, April 5 – Tecta America Corp. on Monday revised its first-and second-lien term loan sizes, set the spread on the first-lien debt at the low end of talk while adding a step-down, and lifted pricing on its second-lien loan tranche.
The seven-year covenant-lite first-lien term loan was increased to $615 million from $600 million, and the eight-year covenant-lite second-lien term loan was reduced to $170 million from $190 million.
Also, RSA Security LLC and Aecom disclosed price talk on their loan transactions with launch, and Savers Inc. came out with the size of its first-lien term loan that will be launching on its upcoming lender call.
Furthermore, deals from SubCom, OB Hospitalist Group and OEConnection joined this week’s primary calendar.
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