Terex frees to trade; Windstream, Equinox Holdings tweak deals; MYOB modifies deadline

By Sara Rosenberg

New York, March 5 – Terex Corp. saw its incremental first-lien term loan B-1 surface in the secondary market on Tuesday, and the debt was trading above its original issue discount.

Terex’s non-fungible $200 million incremental first-lien term loan B-1 (Ba2/BBB-) due Jan. 31, 2024 had levels quoted at 98¾ bid, 99½ offered, according to a market source.

Moving to the primary market, Windstream Services LLC trimmed the spread on its debtor-in-possession term loan, Equinox Holdings Inc. upsized its incremental term loan B and MYOB accelerated the commitment deadline on its U.S. first-lien term loan.

Additionally, AMC Entertainment Holdings Inc. came to market with a new term loan B, Nine West announced price talk on its term loan with launch, and Carbonite Inc. joined this week’s new issue calendar.

AMC Entertainment hosted a lender call at 2 p.m. ET on Tuesday to launch a $2 billion seven-year covenant-light term loan B, a market source said.

Nine West held its lender call in the morning and disclosed price talk on its $325 million five-year first-lien term loan at Libor plus 800 bps with a 1% Libor floor and an original issue discount of 96 to 97, according to a market source.

Carbonite set a bank meeting for Thursday to launch up to $725 million of credit facilities, a market source remarked.

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