Emdeon term debt dips with acquisition news; new issue calendar builds for this week

By Sara Rosenberg

New York, July 6 – Emdeon Inc.’s term loan B debt headed a bit lower in the secondary market on Monday after news surfaced that the company is purchasing Altegra Health and taking on additional debt to help fund the transaction.

Meanwhile, in the primary market, Universal Services of America, Peacock Engineering, Precyse Solutions LLC, Vistra Group and Filtration Group Corp. joined this week’s calendar.

Specifically, Universal Services will launch a $1.21 billion credit facility, consisting of a $130 million revolver, a $760 million term loan and a $320 million term loan.

Peacock is planning to obtain a $35 million five-year revolver and a $285 million seven-year term loan. An additional $55 million term loan has been privately placed.

Precyse plans to launch a $130 million credit facility that includes a $20 million five-year revolver and a $110 million seven-year term loan.

Vistra Group is planning to obtain $700 million of term loans split into two tranches. The new credit facility will also provide for a revolver.

And Filtration Group is eying a fungible $93 million add-on first-lien term loan.

In other news, OCI Beaumont LLC completed its fungible $50 million add-on term loan led by Bank of America Merrill Lynch.

The loan was issued at par at par after firming during syndication.

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