Bats, Chefs’ Warehouse break; AlliedUniversal, Alorica update deals; Booz Allen talk emerges

By Sara Rosenberg

New York, June 20 – Bats Global Markets Inc. firmed the spread on its term loan B at the low end of guidance, added a step-down and finalized the original issue discount at the tight end of talk, and then the debt freed up for trading on Monday, and Chefs’ Warehouse Inc.’s credit facility hit the secondary as well.

Bats Global Markets’ term loan B broke was quoted at par bid, 100½ offered, a trader remarked.

Chefs’ Warehouse’s $305 million funded six-year term loan was quoted at 99½ bid, 100¼ offered, a market source said.

In more happenings, AlliedUniversal (USAGM Holdco LLC) finalized pricing on its incremental and delayed-draw first-lien term loans at the tight side of talk, and Alorica Inc. lowered the spread, added a step-down and modified the original issue discount on its term loan B.

Furthermore, Booz Allen Hamilton Inc. released price talk with launch, On Assignment Inc. emerged with plans for a repricing transaction, and U.S. Security Associates is getting ready to bring a new deal to market.

On Assignment scheduled a lender call for 1 p.m. ET on Tuesday to launch a repricing of its roughly $700 million term loan B.

U.S. Security Associates is set to hold a bank meeting at noon ET in New York on Tuesday to launch a $525 million credit facility (B+), according to a market source.

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