DaVita, Wayne Fueling, Shearer’s Foods, Alstom, Equinox, Custom Sensors break

By Sara Rosenberg

New York, June 19 – DaVita Healthcare Partners Inc., Wayne Fueling Systems LLC (Alfred Fueling Systems), Shearer’s Foods LLC, Alstom Auxiliary Components and Equinox Holdings Inc. all freed up for trading on Thursday, and Custom Sensors & Technologies hit the secondary market too, but only after pricing was trimmed and the original issue discount was tightened.

In more happenings, New Albertson’s Inc. cut the spread and revised the original issue discount on its term loan, Metro-Goldwyn-Mayer Inc. upsized its loan and lowered pricing, Akorn Inc. modified the offer price on its incremental term loan and Learfield Communications Inc. tightened the issue price on its add-on deal.

Also, Wencor Group LLC (Jazz Acquisition Inc.) and Husky International Ltd. accelerated the commitment deadlines on their credit facilities, TI Automotive and Tensar set price talk with launch, Ascend Learning released original issue discount guidance on its add-on loan, and Paragon Offshore and Blackbrush Oil & Gas (BBOG Borrower LP) joined the near-term calendar.

DaVita Healthcare’s credit facility broke for trading on Thursday, with the $3.5 billion seven-year term loan B quoted at par 5/8 bid, par 7/8 offered, the $1 billion five-year term loan A quoted at par bid, par ½ offered and the $1 billion five-year revolver quoted at 95½ bid, according to a trader.

Pricing on the B loan is Libor plus 275 basis points with a 0.75% Libor floor and it was sold at an original issue discount of 99½.

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