Radiology Partners steady to softer with downgrade; Inmar sets changes; Covanta accelerated

By Sara Rosenberg

New York, June 6 – In the secondary market on Tuesday, Radiology Partners Holdings LLC’s first-lien term loan was lower to unchanged on the day, depending on the trader, following a ratings downgrade by S&P Global Ratings.

Radiology Partners’ first-lien term loan was quoted by one trader at 72 bid, 74 offered on Tuesday, down from 72˝ bid, 74˝ offered on Monday, and by a second trader at 72 bid, 74 offered, unchanged from Monday’s levels, in the wake of a ratings reduction by S&P.

Meanwhile, in the primary market, Inmar Inc. raised the spread on its first-lien term loan, sweetened the call protection and made some changes to documentation, and Covanta Holding Corp. moved up the commitment deadline for its term loans.

Furthermore, Aramark and Bowlero Corp. came out with price talk on their term loan transactions in connection with lender calls.

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