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Published on 2/8/2022 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Pediatric Associates, Solera, AHF Products, TKC break; Virtusa revised; ITP Aero accelerated

By Sara Rosenberg

New York, Feb. 8 – Pediatric Associates Holding Co. LLC increased the size of its funded term loan, added a delayed-draw tranche and trimmed pricing, and Solera Holdings LLC changed the original issue discount on its add-on term loan B, ahead of freeing up for trading on Tuesday.

Also, AHF Products LLC revised CSA on its term loan, shortened the maturity and sweetened amortization, and TKC Midco 1 LLC launched its PIK toggle HoldCo term loan in the morning, and upsized the loan and finalized the original issue discount at the wide end of talk in the afternoon, and then these deals broke as well.

In other news, Virtusa Corp. upsized its term loan, set the spread at the low end of talk and firmed the issue price at the wide side of guidance, and ITP Aero moved up the commitment deadline for its first-lien term loan.

Furthermore, Olaplex Holdings Inc., Latham Pool Products Inc., Magnate Worldwide LLC and Cast & Crew released price talk with launch, and HelpSystems (HS Purchaser LLC), Albaugh LLC, Safe Fleet and CTC Holdings (Chicago Trading Co.) joined this week’s primary calendar.


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