Web.com, PDC Brands, Flexera free to trade; Refinitiv, Quorum Business update loan terms

By Sara Rosenberg

New York, Sept. 17 – Web.com Group Inc.’s credit facilities emerged in the secondary market on Monday, with the first- and second-lien term loans trading above their original issue discounts, and PDC Brands’ (Parfums Holding Co. Inc.) term loan began trading as well.

Also, Flexera Software LLC freed up at par-plus levels after modifying the original issue discount on its add-on first-lien term loan.

In more happenings, Refinitiv increased its U.S. and euro term loan sizes, reduced spreads and adjusted original issue discount guidance, and Quorum Business Solutions (QBS Parent Inc.) shifted some funds to its first-lien term loan from its second-lien term loan, and tightened the spread and issue price on the first-lien tranche.

Additionally, Tunnel Hill Partners LP announced price talk on its term loan B with launch, and Envision Healthcare Corp., Speedcast International Ltd. and Bomgar Corp. came out with timing on the launch of their loan transactions, and Idera surfaced with new deal plans.

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