Envision Healthcare, Match Group, PolyOne break; Platform Specialty, PrimeLine revise deals

By Sara Rosenberg

New York, Nov. 6 – Envision Healthcare Corp.’s term loan B-2 emerged in the secondary market on Friday, with levels quoted above its original issue discount, and Match Group Inc. and PolyOne Corp. began trading as well.

Envision Healthcare’s $1 billion seven-year senior secured covenant-light term loan B-2 was quoted at 99½ bid, 100 1/8 offered, a trader remarked.

With final terms in place, Match Group’s term loan made its way into the secondary market and levels were quoted at 99¼ bid, 99¾ offered before heading up to 99½ bid, par offered, a source said.

PolyOne’s $550 million seven-year senior secured covenant-light term B (Ba1/BB+) also hit the secondary market, with levels seen at par bid, 100½ offered, according to a trader.

Meanwhile, in the primary market, Platform Specialty Products Corp. reduced spreads on its term B debt and finalized tranche sizes, and PrimeLine Utility Services LLC set pricing on its term loan at the high end of guidance and extended the call protection.

In addition, Blue Coat Systems Inc. disclosed original issue discount talk on its add-on first-lien term loan with launch, and Rhode Island State Energy Center surfaced with new deal plans.

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