TeamHealth moves up deadline; primary market continues to see influx of deals, repricings

By Sara Rosenberg

New York, Jan. 9 – In the primary market on Monday, TeamHealth Holdings Inc. accelerated the commitment deadline on its term loan B in reaction to strong demand from investors.

TeamHealth moved up the commitment deadline on its $2.6 billion seven-year covenant-light term loan B to noon ET on Thursday from Jan. 17, according to a market source.

Also, Avolon, Electro Rent Corp., Penn National Gaming Inc., Columbus McKinnon Corp., Tibco Software Inc., Travelport Finance (Luxembourg) SARL, Dynegy Inc., Asurion LLC, Charter Communications Inc., Genesys and FleetCor Technologies Inc. all released price talk with launch.

In addition, American Bath Group LLC came out with original issue discount guidance on its incremental first-lien term loan.

American Bath released original issue discount talk of 99 on its fungible $225 million incremental first-lien term loan due Sept. 30, 2023 shortly before its afternoon lender call kicked off, according to a market source.

And, Grifols, Atotech BV, Worldwide Express, Power Products LLC, Leidos, PolyOne Corp., Tribune Media Co., Gemini HDPE LLC, US LBM Holdings LLC, Shoes for Crews and CityCenter Holdings LLC joined the near-term primary calendar.

Moving to the secondary market, a $216 million loan Bid Wanted In Competition surfaced, with bids due at 10:30 a.m. ET on Tuesday, and a $202 million BWIC emerged, with bids due at 11 a.m. ET on Tuesday, according to traders.

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