UBS wrapped up a repricing for PlayPower, a manufacturer of commercial playground systems. Pricing on the $160 million term loan was cut 150 basis points to LIBOR plus 3%. The spread on the $25 million revolver also came in from LIBOR plus 4% to LIBOR plus 3%. Improved operating performance and the current state of the market led to the repricing, said a banker. It is currently trading in the secondary market at around 101. The original deal was completed in January of 2003 when Investcorp bought the company.