Owens-Brockway Glass, Knowledge Universe, AMAG Pharmaceuticals, Vistage, USI free to trade

By Sara Rosenberg

New York, Aug. 13 – Owens-Brockway Glass Container Inc. (Owens-Illinois Inc.) moved some funds between its term loans, firmed term B pricing at the low end of talk, modified the original issue discount and then broke for trading on Thursday, and Knowledge Universe Education LLC, AMAG Pharmaceuticals Inc., Vistage and USI Inc. hit the secondary as well.

In more happenings, Hudson’s Bay Co. set pricing on its term loan at the high end of talk and added a leverage-based step-down, and US LBM Holdings LLC increased its first- and second-lien term loan sizes, revised spreads and original issue discounts and sweetened the call protection on the first-lien tranche,

Also, Patterson Medical lifted the spread on its term loan B, set the issue price at the wide end of guidance and extended the call premium, and Albany Molecular Research Inc. adjusted the call protection on its term loan B.

In other news, Emdeon Inc. completed its acquisition of Altegra Health Inc. from Parthenon Capital Partners, a news release said.

To help fund the transaction, Emdeon got a new fungible $395 million incremental term loan B (Ba3/B+) due November 2018 priced at Libor plus 250 bps with a 1.25% Libor floor, which matches existing term loan B pricing, and sold at an original issue discount of 99.75.

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