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PlayPower, Consolidated Precision free up; Lantheus Medical, StandardAero revise deals
By Sara Rosenberg
New York, June 23 – PlayPower Inc. finalized pricing on its first-lien term loan at the tight end of talk and on its second-lien term loan at the high end of guidance, and then the debt freed up for trading on Tuesday, and Consolidated Precision Products Corp. (WPP CPP Holdings LLC) broke as well.
In more happenings, Lantheus Medical Imaging Inc. raised pricing on its first-lien term loan, widened the original issue discount and added a covenant, and StandardAero lifted the spread on its term loan.
Furthermore, SS&C Technologies Inc. and Dayton Superior Corp. disclosed price talk in connection with their launches, CGG Holding (U.S.) Inc. began circulating guidance on its loan ahead of its bank meeting, and Swift Energy Co. surfaced with new deal plans.
In other news, ION Trading Technologies Sarl completed syndication of its $250 million add-on first-lien term loan due 2021 at talk of Libor plus 325 bps with a 1% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.
And Spectrum Brands Inc. completed its credit facility (BB/BB+) that includes a $500 million revolver, a $1.45 billion seven-year covenant-light term loan, a C$75 million seven-year covenant-light term loan and a €300 million seven-year covenant-light term loan.
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