XPO frees to trade; Community Health reacts to paydown plans; Michaels up with numbers

By Sara Rosenberg

New York, March 7 – In the secondary market on Tuesday, XPO Logistics Inc.’s term loan B broke for trading, Community Health Systems Inc.’s term loans G and H were stronger after the company announced plans to pay down a good portion of its term loan F, and Michaels Stores Inc.’s term loan B-1 headed higher with earnings news.

Switching to the primary market, Helix Generation Funding LLC upsized its term loan B while tightening the spread and original issue discount, and Avantor Performance Materials Holdings Inc. increased the sizes of its first-and second-lien term loans, reduced pricing on the first-lien tranche and modified the issue price on the second-lien tranche.

Additionally, Caraustar Industries Inc. revised the spread and original issue discount on its term loan, DuBois Chemicals trimmed pricing and added a step-down to its first-lien term loan, and Boyd Gaming Corp. firmed pricing on its term loan at the low end of guidance.

Also, Outfront Media Inc., Visteon Corp. and HUB International Ltd. released price talk with launch, and Avast Software, Greatbatch Ltd. (Integer Holdings Corp.) and Greektown Holdings LLC emerged with new deal plans.

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