Citco, Delrin, Evertec term loans break for trading; Gentiva revises add-on term loan OID

By Sara Rosenberg

New York, Oct. 12 – Citco increased the size of its add-on term loan B, trimmed the spread, firmed the original issue discount at the tight end of talk, revised the call protection and switched to a non-fungible tranche from a fungible tranche, and then freed up for trading on Thursday.

Also, Delrin shifted its first-lien term loan to an all U.S. dollar structure from a U.S. and euro structure, lowered pricing, removed one margin step-down and finalized the issue price at the tight side of guidance before breaking for trading, and Evertec Inc.’s term loan B made its way into the secondary market as well.

In addition, Gentiva modified the original issue discount on its add-on term loan B, Action Holding BV (Peer Holding III BV/Peer USA LLC) released price talk on its term loan B-4 and Ciena Corp. came to market with a new term loan B for a refinancing.

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