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Published on 10/19/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Press Ganey, United Road Services, Jack’s Family, Infiltrator Water, Sterigenics break

By Sara Rosenberg

New York, Oct. 19 – Press Ganey Holdings Inc. lowered the spread on its second-lien term loan and tightened the issue price on its incremental first-lien term loan, and United Road Services Inc. trimmed the spread and adjusted the original issue discount on its term loan, and then both of these deals freed to trade on Thursday.

Also, Jack’s Family Restaurants set pricing on its term loan B at the wide end of guidance before breaking for trading, and deals from Infiltrator Water Technologies LLC and Sterigenics-Nordion Holdings LLC hit the secondary market too.

In more news, Unitymedia upsized its U.S. and euro term loans and firmed the issue price on the euro tranche at the tight end of talk, and Vantage Specialty Chemicals Inc. shifted funds between its first-and second-lien term loans, finalized spreads and revised the first-lien original issue discount.

Additionally, Caesars Entertainment Opco (CEOC LLC) accelerated the commitment deadline on its incremental first-lien term loan.

Furthermore, Linden Cogeneration Power Complex (EFS Cogen Holdings I LLC), Young Innovations Inc., Ravago Holdings America Inc. and Chassix disclosed price talk with launch, and Ineos and Lyons Magnus Inc. emerged with new deal plans.


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