Realogy, Confie break; Plaskolite tightens OID, Revlon, Reynolds, Zayo, Pinnacle launch

By Sara Rosenberg

New York, July 14 – Realogy Group LLC adjusted the issue price on its term loan B and then the debt freed up for trading on Thursday, and Confie Seguros Holdings II Co.’s add-on first-lien term loan B-1 hit the secondary market as well.

Realogy Group changed the issue price on its $1.1 billion term loan B due 2022 to par from talk of 99.5 to 99.75 and left pricing at Libor plus 300 basis points with a 0.75% Libor floor, according to a market source. The debt still has 101 soft call protection for six months.

With final terms in place, the term loan B made its way into the secondary market, and levels were seen at 100 1/8 bid, 100 3/8 offered, another source added.

Confie Seguros’ fungible $50 million add-on first-lien term loan B-1 due Nov. 9, 2018 had levels quoted at 98˝ bid, 99˝ offered, a trader remarked.

In other happenings, Plaskolite LLC modified the original issue discount on its add-on first-lien term loan, and Revlon Consumer Products Corp., Reynolds Group Holdings Inc., Zayo Group LLC and Pinnacle Foods Finance LLC all launched new deals to investors.

Also, Avast Software set bank meeting dates and price talk for its U.S. dollar and euro term loan, United Site Services joined the new issue calendar, and guidance on Cast & Crew Payroll LLC’s in-market add-on term loan B was disclosed.

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