Polyconcept, MediaOcean, HCA, Integer, Rexnord break; Cambrex revised; Ticketek accelerated

By Sara Rosenberg

New York, Nov. 18 – Polyconcept firmed pricing on its fungible $183 million incremental first-lien term loan due August 2023 at Libor plus 450 basis points, the wide end of the Libor plus 425 bps to 450 bps talk, and MediaOcean LLC added a pricing step-down to its term loan B and tightened the original issue discount to 99.75 from 99.5, and then both of these deals freed to trade on Monday.

Polyconcept’s incremental term loan freed to trade with levels quoted at 99 3/8 bid, par 1/8 offered, and MediaOcean’s term loan B began trading with levels seen at par bid, par ½ offered.

Also, HCA Inc. finalized the issue price on its term loan B-13 at the tight side of talk before breaking for trading, and deals from Integer Holdings Corp. (Greatbatch Ltd.) and Rexnord LLC surfaced in the secondary market as well.

In addition, Cambrex Corp. opted to carve out a euro tranche from its first-lien term loan, Ticketek accelerated the commitment deadline for its first-lien term loan B, and Pitney Bowes Inc., Element Solutions Inc. and Portillo’s released price talk with launch.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.