Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for First Advantage > News item |
SS&C Technologies, Six Flags, Emerging Markets, First Advantage, Confie Seguros break
By Sara Rosenberg
New York, June 29 – SS&C Technologies Inc. downsized its term loan B debt, added a pricing step-down, removed the MFN sunset provision, upsized its term loan A debt and then broke for trading on Monday.
Other deals to free up during the session included Six Flags Entertainment Corp., Emerging Markets Communications LLC and First Advantage (STG-Fairway Acquisitions Inc.).
Six Flags’ $700 million seven-year term loan B (Ba2/BBB-) broke, with levels seen at 100 1/8 bid, 100 5/8 offered, a trader said.
Another deal to emerge in the secondary market was Emerging Markets Communications, with its $268 million six-year first-lien term loan B (B1/B+) and its $92 million seven-year second-lien term loan (Caa1/CCC+) both quoted at 98¾ bid, 99½ offered, a trader remarked.
First Advantage’s $485 million seven-year covenant-light first-lien term loan (B2/B+) also began trading, with levels quoted at 98¾ bid, 99½ offered, according to a trader.
In addition, Confie Seguros set original issue discounts on its add-on term loans at the tight end of guidance and then it too made its way into the secondary market.
In more happenings, Hamilton Lane Advisors LLC revised the commitment deadline on its $260 million seven-year senior secured term loan B to 4 p.m. ET on Wednesday from July 7, according to a market source.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.