Dunkin’ Brands gains on refi; Stonewall Gas, Paris Presents, Angus Chemical disclose talk

By Sara Rosenberg

New York, Jan. 7 – Dunkin’ Brands Group Inc.’s term loan B-4 was bid higher in trading on Wednesday on the back of news that the company plans to take out the debt with a new securitization facility.

Switching to the primary market, Stonewall Gas Gathering LLC released details on its loan with the launch, and price talk on Paris Presents Inc. and Angus Chemical Co. surfaced.

Also, Mirion Technologies LLC, CSP Technologies North America LLC, Exact Holding N.V., Nellson Nutraceutical LLC, American Tire Distributors Inc., SIG Combibloc Group AG and Ascend Learning jumped onto the near-term calendar.

Dunkin’ Brands’ term loan B-4 was stronger bid in the secondary market on Wednesday as investors continued to react to a late Tuesday announcement about a planned refinancing, according to traders.

One trader had the term loan B-4 quoted at 99¼ bid, 99¾ offered, up from 98½ bid, 99¾ offered right after the news hit on Tuesday, and a second trader had the term loan B-4 at 99¼ bid, 99¾ offered, up from 97¼ bid, 98¼ offered prior to the news.

The company’s term loan C was quoted at 99 ½ bid, par ¼ offered, unchanged on the day, the second trader added.

Dunkin’ Brands said in its news release that it intends to refinance its senior secured credit facility with a new securitized financing facility consisting of $2.3 billion of senior fixed-rate term notes and $100 million of variable funding notes.

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