Serta-Simmons pushes up timing; Suddenlink sets talk; American Airlines launches repricing

By Paul A. Harris

Portland, Ore., Oct. 17 – In Monday’s leverage loan market Serta Simmons Holdings LLC accelerated timing on $2.4 billion of term loans.

American Airlines, Inc. launched a $1.97 billion two-part deal.

And Suddenlink Communications talked its $815 million senior secured term loan B due 2025 with a 300 to 325 basis points spread to Libor atop a 0.75% Libor floor.

In upcoming deals, Harsco Corp. scheduled a bank meeting on Wednesday to launch a $950 million credit facility, according to a market source.

Accuride Corp. set a Thursday bank meeting for a $300 million credit facility, according to a market source.

Expera Specialty Solutions LLC set a lender meeting on Wednesday for its $285 million seven-year term loan B, according to a market source.

Evoqua Water Technologies (EWT Holdings III Corp.) scheduled a lender call at 2 p.m. ET on Tuesday for a $150 million fungible tack-on first lien term loan due Jan. 15, 2021 (B2/B), according to a market source.

Varsity Brands set a Tuesday lender call for a $95 million add-on first lien term loan, according to a market source.

And Entercom Communications announced in a Monday press release that it scheduled a Tuesday bank meeting for a $520 million senior secured credit facility.

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