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Published on 6/11/2015 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Endo, Deltek, American Casino, Nord Anglia, Authentic Brands, Media General set price talk

By Sara Rosenberg

New York, June 11 – Endo International plc (Endo Luxembourg Finance Co. I Sarl and Endo LLC), Deltek Inc., American Casino & Entertainment Properties LLC, Nord Anglia Education Inc., Authentic Brands Group LLC and Media General Inc. all released price talk with their launches in what was a pretty busy day for the primary loan market.

Endo’s $2.5 billion seven-year term loan B is talked at Libor plus 300 basis points to 325 bps with 101 soft call protection for six months, and the $1 billion asset-sale bridge loan is talked at Libor plus 250 bps to 275 bps. Both tranches are offered with a 0.75% Libor floor and an original issue discount of 99.5.

Deltek released talk of Libor plus 400 bps with a 1% Libor floor, an original issue discount of 99.5 and 101 soft call protection for six months on its $840 million first-lien term loan (B) that launched with a bank meeting during the session.

And American Casino came out with talk of Libor plus 400 bps with a 1% Libor floor, an original issue discount of 99 to 99.5 and 101 soft call protection for six months on its $295 million first-lien term loan that launched with a morning bank meeting.

In addition, ION Trading Technologies Sarl, Confie Seguros, CareCentrix Inc. and Archroma emerged with new deal plans.


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