Envision, Culligan, HealthSun revise deals; Midcontinent Communications shutting early

By Sara Rosenberg

New York, Nov. 16 – In the primary market on Wednesday, Envision Healthcare Corp. upsized its term loan B, firmed the spread at the high end of guidance, widened the original issue discount and extended the call protection.

Also, Culligan Holding Inc. trimmed pricing on its euro first-lien term loan and finalized the issue price at the tight end of talk, and HealthSun lifted the spread on its term loan B and modified the original issue discount.

Furthermore, Midcontinent Communications accelerated the commitment deadline on its term loan B, and USIC Holdings Inc. and Ocwen Financial Corp. emerged with new loan plans.

Midcontinent Communications accelerated the commitment deadline on its $285 million seven-year term loan B to 5 p.m. ET on Friday from Tuesday, according to a market source.

USIC Holdings surfaced with plans to hold a lender call at 11 a.m. ET on Friday to launch an $85 million revolver and a $635 million first-lien term loan, a market source said.

Ocwen Financial set a bank meeting in New York for Thursday to launch a $335 million four-year term loan B, a market source remarked.

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