Houghton, Penton, Accuvant, Gold Standard, A. Schulman break; TransDigm, PSAV revised

By Sara Rosenberg

New York, May 11 – Houghton Mifflin Harcourt Publishers Inc. firmed the spread on its term loan B at the low end of revised guidance and then freed up for trading on Monday, and Penton Media Inc., Accuvant Inc./FishNet Security Inc., Gold Standard Baking and A. Schulman Inc. broke as well.

Penton Media’s $514 million term loan was quoted at 100½ bid, 101 offered.

Accuvant/FishNet’s $110 million incremental first-lien term loan was quoted at 100¼ bid, 101¼ offered and its $85 million incremental second-lien term loan at par bid, 101 offered.

Gold Standard Baking freed up as well, with the $109 million term loan quoted at par bid, 101 offered.

A. Schulman’s credit facility also began trading, with the $425 million seven-year term loan B seen at 100 3/8 bid, 100 7/8 offered.

In more happenings, TransDigm Inc. reworked its transaction again, this time cancelling plans for a full term loan C repricing and adding an extension of some of the term C debt into the proposed term loan E, and PSAV Presentation Services upsized its add-on loan.

Also, Blue Coat Systems Inc., Restaurant Brands International Inc. (Burger King Worldwide Inc.), Weather Co. (TWCC Holding Corp.), Filtration Group Corp., Kronos Worldwide Inc., Coveris Holdings SA and Bombardier Recreational Products released talk with launch.

Furthermore, Lightsquared, On Assignment Inc., Epicor Software Corp., Paradigm Outcomes (Paradigm Acquisition Corp.), Flint Group (Colouroz Investment) and CHG Healthcare Services Inc. emerged with new deal plans.

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