MyEyeDr. updates pricing; Alion accelerated; Epicor, Tosca Services guidance surfaces

By Sara Rosenberg

New York, July 16 – MyEyeDr. (MED ParentCo. LP) trimmed the spread on its first-lien term loan on Thursday and finalized the original issue discount at the tight end of talk, and Alion Science & Technology Corp. moved up the commitment deadline for its first-lien term loan.

MyEyeDr. reduced pricing on the $80 million senior secured first-lien term loan due August 2026 to Libor plus 625 basis points from Libor plus 650 bps and set the original issue discount at 98, the tight end of the 97 to 98 guidance, a market source said.

As before, the term loan has a 1% Libor floor and hard call protection of 102 in year one and 101 in year two.

Alion Science & Technology accelerated the commitment deadline for its $360 million four-year first-lien term loan (B1/BB-) to noon ET on Monday from Wednesday, a market source remarked.

Allocations are expected on Monday afternoon, the source added.

The first-lien term loan is talked at Libor plus 400 bps with a 1% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.

Also, Epicor Software Corp. came out with price talk on its first- and second-lien term loans in connection with its lender call, and Tosca Services LLC released pricing guidance on its first-lien term loan.

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