The duality of the primary market was clear this week with borrowers such as Life Time Fitness and Avis looking to opportunistically reprice their loans, while trickier deals from the likes of Greenway Health and A-Gas struggled to gain traction.

Primary activity overall remains fairly muted, but rallying loan prices have brought opportunistic repricings into play as high-quality deals printed earlier this year exit call protection. This week, borrowers including CD&R’s industrial spin-out Indicor, ZoomInfo and Sabert were all looking to cut their loan spreads, in some instances by as much as 75bps.