Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hyland Software Inc. > News item |
TransUnion, Camping World emerge in secondary; Charter dips on Time Warner purchase news
By Sara Rosenberg
New York, May 26 – Deals from TransUnion LLC and Camping World Inc. freed up for trading on Tuesday, with TransUnion’s $1,881,000,000 term loan B-2 due April 2021 quoted in the secondary market at 99 7/8 bid, par 1/8 offered, and Camping World’s $95 million add-on term loan and repriced term loan quoted at par bid, par ¾ offered, a trader said.
In other news, Charter Communications Inc.’s term loans were softer as news emerged that the company agreed to purchase Time Warner Cable Inc.
The company’s term loans E and F dropped to 99 1/8 bid, 99½ offered from 99 5/8 bid, 99 7/8 offered following the announcement that Charter will be taking on substantial debt for the transaction. In a morning conference call on Tuesday, Charter said it has received commitments for more than $31 billion in debt, including $23 billion relating to the $100 per share cash portion of the Time Warner merger, a $4 billion bridge loan, $2 billion for the cash portion of the Bright House acquisition and a $1.7 billion increase to its existing revolver.
Over in the primary market, Hyland Software Inc., Emerging Markets Communications LLC, Penn Engineering & Manufacturing Corp., Retail Solutions Group, Internet Brands Inc., Ineos Finance plc, TransFirst Inc. and Pregis Corp. North America joined this week’s calendar.
© 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.