USI, Nuvei, Travel + Leisure, Summit, Catalent break; Davis, ArcLight updated

By Sara Rosenberg

New York, Dec. 14 – USI Inc. finalized pricing on its term loan at the low end of revised talk, Nuvei Corp. raised the size of its term loan B, firmed the spread at the low end of guidance and changed the original issue discount, and Travel + Leisure Co. set the margin on its term loan B at the low end of talk and the issue price on the new money at the tight end of guidance, and then these deals freed to trade on Thursday.

Also, before breaking for trading, Summit Behavioral Healthcare LLC tightened the original issue discount on its incremental first-lien term loan, and Catalent Pharma Solutions Inc. upsized its incremental term loan B-4, set the spread at the low side of guidance and changed the issue price.

In more happenings in the secondary market, levels on Citadel Securities LP’s term loan B were a little higher from where the debt broke for trading during the previous session.

Meanwhile, in other news, Davis-Standard LLC (DS Parent Inc.) set the spread on its term loan B at the high end of guidance, removed a step-down and widened the original issue discount talk, and ArcLight NGPL Holdings LLC (AL NGPL Holdings LLC) firmed the issue price for the new money portion of its term loan B at the tight end of guidance.

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