Regal, Platform dip in trading; Save-A-Lot, Drive DeVilbiss, Packers, Anchor Glass set talk

By Sara Rosenberg

New York, Nov. 14 – In the secondary market on Monday, term loans from Regal Cinemas Corp. and Platform Specialty Products Corp. (MacDermid Inc.) weakened as both companies emerged with plans for repricing transactions.

And, over in the primary market, Save-A-Lot, Drive DeVilbiss Healthcare and Packers Holdings LLC released price talk with launch, and Anchor Glass Container Corp. disclosed guidance on its first- and second-lien term loans ahead of its bank meeting.

Also, Montreign Operating Co. LLC, Cable & Wireless Communications, nThrive Inc., Priority Payment Systems (Priority Holdings LLC), Hyperion Insurance Group and Four Seasons Hotels and Resorts joined this week’s primary calendar, and timing surfaced on Intermedia.net Inc.’s credit facility.

Regal Cinemas softens

Regal Cinemas’ term loan fell to 100 1/8 bid, 100 3/8 offered from 100 3/8 bid, 100 5/8 offered.

Platform Specialty Products’ term loan B-3 retreated to 100¼ bid, 100¾ offered from 100½ bid, 101 offered.

Also in trading, a $240.8 million Bid Wanted In Competition surfaced, with bids due at 1 p.m. ET on Tuesday, according to a trader.

Some of the issuers in the portfolio are AerCap, Calpine Corp., Epicor, Filtration Group Corp., Informatica Corp., Numericable US LLC, Ortho-Clinical Diagnostics Inc., Royalty Pharma, SeaWorld Parks & Entertainment Inc., Tribune Co. and Western Digital Corp.

There are about 28 issuers in the BWIC, the trader added.

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