Anchor Glass, CPM hit secondary; Sky Betting flexes lower; StandardAero changes deadline

By Sara Rosenberg

New York, July 21 – Anchor Glass Container Corp.’s $647 million first-lien term due Dec. 7, 2023 loan broke for trading on Friday, with levels quoted above its issue price, and CPM Acquisition Corp. began trading as well, with its $55 million incremental covenant-light first-lien term loan B due April 2022 quoted at par ½ bid, 101 offered and the $120 million covenant-light second-lien term loan due April 2023 quoted at 101 bid, 102 offered, a trader said.

Switching to the primary market, Sky Betting & Gaming trimmed spreads on its U.S. dollar and sterling term loans and revised original issue discount guidance, and StandardAero Aviation Holdings Inc. accelerated the commitment deadline on its incremental term loan.

Furthermore, Carestream Dental Equipment Inc. and ConvergeOne Holdings Corp. joined the near-term primary calendar.

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