Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Avago Technologies Ltd. > News item |
CPI Card, Duff & Phelps, Hudson’s Bay, Patterson, Albany Molecular break; Avago tweaks deal
By Sara Rosenberg
New York, Aug. 14 – CPI Card Group widened the spread and original issue discount on its term loan B, and Duff & Phelps Corp. downsized its second-lien term loan and raised pricing, and then both deals freed up for trading on Friday.
Recommitments were due at 11 a.m. ET, and with final terms in place CPI Card’s debt began trading on Friday with the term loan B quoted at 98½ bid, 99½ offered, a trader remarked.
After terms firmed up, Duff & Phelps’ new debt also emerged in the secondary market, with the incremental first-lien term loan seen at par bid, 100½ offered and the second-lien term loan seen at 99 bid, par offered, a trader added.
Also making its way into the secondary market during the session was Hudson’s Bay Co.’s term loan, Patterson Medical’s first- and second-lien term loans and Albany Molecular Research Inc.’s new credit facility.
Back in the primary market, Avago Technologies Ltd. lifted the size of its term loan A, and 888 Holdings Ltd. plc pulled its credit facility from the primary market.
In other news, Ryan LLC completed its $300 million credit facility (B2/B) that consists of a $50 million revolver and a $250 million five-year term loan, according to a news release.
© 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.