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Allsup’s, SBA, Univar break; Houghton Mifflin, Blackstone Mortgage Trust revise deals
By Sara Rosenberg
New York, Nov. 15 – Allsup’s set the original issue discount on its first-lien term loan B at 96, the wide end of the revised 96 to 97 talk and wide of initial talk of 98, and then freed to trade on Friday, and deals from SBA Communications Corp. and Univar Inc. hit the secondary market as well.
SBA Communications’ term loan B freed up with levels seen at par bid, par ¼ offered. The loan is priced at Libor plus 175 bps with a 0% Libor floor and was issued at par.
Univar’s term loan B-5 emerged with levels quoted at par bid, par ¼ offered. Pricing on the term loan is Libor plus 200 bps with a 0% Libor floor and it was sold at an original issue discount of 99.75.
In other news, Houghton Mifflin Harcourt Publishers Inc. increased the Libor floor on its term loan B and set the original issue discount at the wide end of guidance, and Blackstone Mortgage Trust Inc. increased the size of its add-on term loan B and tightened the original issue discount.
Furthermore, US Foods Inc. came to market with a repricing transaction, and One Sky Flight LLC and Element Solutions Inc. surfaced with new deal plans.
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