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Published on 7/29/2015 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Hostess, Jarden, Peacock Engineering, Precyse, Ascena Retail, EagleView Technology break

By Sara Rosenberg

New York, July 29 – Hostess Brands LLC’s credit facility made its way into the secondary market on Wednesday, with the first- and second-lien term loans quoted above their original issue discounts, and Jarden Corp., Peacock Engineering and Precyse Solutions LLC freed up as well.

In more happenings, Ascena Retail Group Inc. raised pricing on its term loan, adjusted the original issue discount and extended the call protection, and EagleView Technology Corp. firmed spreads on its first- and second-lien term loans, and then both of these deals broke for trading too.

Also, Asurion LLC upsized its first-lien term loan and set the issue price on its add-on second-lien debt, and Hill-Rom Holdings Inc. upsized its term loan B, set the spread at the low end of guidance and tightened the issue price.

Furthermore, Linxens reworked tranching under its first- and second-lien term loans and updated pricing on the first-lien debt, and Cast & Crew Entertainment Services moved up the commitment deadline on its credit facility.

Additionally, Party City Holdings Inc., Sitel Worldwide Corp., DTZ (DTZ U.S. Borrower LLC and DTZ Aus HoldCo Pty Ltd.), Albany Molecular Research Inc. and Jet Support Services Inc. came out with price talk with launch, and EMI Music Publishing, US LBM Holdings LLC and Amaya Gaming Group Inc. joined this week’s calendar.


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