CSC Holdings, Cedar Bay, Waupaca break; Dynegy, Pinnacle Foods, Haas tweak deals

By Sara Rosenberg

New York, April 15 - CSC Holdings LLC's credit facility made its way into the secondary market on Monday, with levels on the term loan B seen above its original issue discount price, and Cedar Bay Generating Co. LP and Waupaca Foundry Inc. freed up too.

Moving to the primary, Dynegy Inc. made a number of changes to its deal, revising the maturity and pricing on its B-1 loan tranche and lowering the spread, floor and discount on its B-2 tranche, and Pinnacle Foods Finance LLC tightened the Libor floor and original issue discount on its upsized G loan, while also adding a pricing step-down and extending the call premium.

Also, Tower Automotive Holdings USA LLC trimmed the coupon on its term loan B and tightened the original issue discount, and Haas Group International raised pricing on its credit facility while widening the Libor floor on the institutional tranche.

Additionally, Osmose Holdings Inc. and SourceHOV LLC revealed talk with launch, Rexnord LLC surfaced with a repricing transaction, and TPF Generation Holdings LLC began circulating talk on its upcoming deal, and CDW LLC and Horseshoe Baltimore joined the forward calendar.

CSC Holdings' credit facility broke for trading on Monday, with the $2.35 billion seven-year term loan B quoted at 99 7/8 bid, par ¼ offered, according to a trader.

Pricing on the B loan is Libor plus 250 basis points with no Libor floor, and it was sold at an original issue discount of 991/2.

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