Electronics for Imaging Loan Soars 10 Cents After Fiery Sale

Electronics for Imaging Inc.’s leveraged loan rallied Thursday after private equity firm Siris Capital Group sold Fiery, a former division of the company, in which EFI held preferred stock.

• The $853 million loan maturing in 2026 was bid at about 88 cents on the dollar from around 78 cents on the dollar before the deal was announced, according to people with knowledge of the matter, who asked not to be identified discussing a private transaction
• Siris sold Fiery to technology company Seiko Epson Corp. in a deal valued at approximately $591 million, according to a release
• Fiery, a ...