Blue Coat, Physio-Control, At Home, Dynacast, CHG break; Weather, Filtration revise deals

By Sara Rosenberg

New York, May 19 – Blue Coat Systems Inc.’s credit facility freed up for trading on Tuesday, with the term loan B quoted above its original issue discount, and Physio-Control International Inc., At Home Holding III Inc., Dynacast International and CHG Healthcare Services Inc. broke too.

Blue Coat’s $1.15 billion seven-year covenant-light term loan B was quoted at par bid, 100½ offered.

Physio-Control’s term debt freed up for trading too, with the $350 million seven-year first-lien covenant-light term loan B (B1/B) quoted at par bid, 100¾ offered and the $130 million eight-year second-lien covenant-light term loan (Caa1/CCC+) quoted at 98½ bid.

At Home’s $300 million first-lien term loan B (B-) was another deal to break, with levels quoted at 99½ bid, 100½ offered.

Dynacast’s $530 million first-lien term loan due January 2022 also began trading, with levels quoted at 100¼ bid, 100¾ offered.

CHG’s fungible $225 million add-on first-lien term loan (B2/B) broke as well, with levels seen at par bid, 100½ offered.

Meanwhile, in the primary, Weather Co. (TWCC Holding Corp.) widened the spread, new money original issue discount and extension fee on its term loan, while also extending the call protection, and Filtration Group Corp. upsized its add-on first-lien term loan and modified the issue price.

Also, On Assignment Inc., Calpine Corp., CAbi and American Bath Group disclosed price talk with launch, and Sage Products Holdings III LLC joined this week’s primary calendar.

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