Polycom, Pilot, Compuware, Pinnacle break; ETE, Zekelman, Sprint, Hyland, Power update

By Sara Rosenberg

New York, Jan. 30 – Polycom Inc. finalized the spread on its term loan at the high side of guidance and tweaked the call protection and Pilot Travel Centers LLC increased the size of its term loan B, and then both deals broke for trading on Monday.

Also, Compuware Corp. set pricing on its add-on term loan B-2 and repricing transaction at the low end of talk and then freed up above par, and Pinnacle Foods Finance LLC’s credit facility emerged in the secondary market as well.

In more happenings, Energy Transfer Equity firmed pricing on its term loan at the wide end of talk but tightened the original issue discount, and Zekelman Industries trimmed the spread on its incremental term loan B and repricing of its existing term loan B.

Additionally, Sprint Corp. upsized its term loan B, cut the spread and modified original issue discount talk, Hyland Software Inc. set pricing on its incremental first-lien term loan and repricing of its existing first-lien term loan due at the low end of talk and tightened the issue price on the incremental debt, and Power Products LLC modified the original issue discount on its first-lien term loan.

Furthermore, Change Healthcare and Harland Clarke Holdings Corp. moved up the commitment deadlines on their term loans, and Peabody Energy Corp., Townsquare Media Inc. and Give & Go Prepared Foods Corp. released price talk with launch.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.