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Published on 2/14/2024 in the Prospect News CLO Daily and Prospect News High Yield Daily.

BrightSpring, Wrench, PlayCore, Interstate free to trade; Global Healthcare, Vestis updated

By Sara Rosenberg

New York, Feb. 14 – BrightSpring Health Services Inc. (Phoenix Guarantor Inc.) firmed pricing on its first-lien term loan B at the wide end of guidance, and Wrench Group LLC set the original issue discount on its first-lien term loan at the tight end of guidance, and then both of these deals broke for trading on Wednesday.

Also, before freeing up, PlayCore increased the size of its term loan B, and Interstate Waste Services Inc. upsized its add-on term loan and modified the issue price.

In more happenings, Global Healthcare Exchange LLC raised the size of its term loan B, lowered pricing and firmed the issue price at the midpoint of talk, and Vestis Corp. finalized the spread on its term loan B at the low end of guidance, added a step-down and tightened the original issue discount.

Additionally, Constant Contact Inc. updated its incremental first-lien term loan B as a delayed-draw tranche and released price talk on the debt, and United Airlines Inc. moved up the commitment deadline for its term loan B.


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