Arbor Pharmaceuticals, Give & Go break; AMC trades up; Texas Competitive, Printpack set talk

By Sara Rosenberg

New York, July 12 – Arbor Pharmaceuticals LLC finalized the original issue discount on its term loan B at the wide end of revised guidance and then the debt freed up for trading on Tuesday, and Give & Go Prepared Foods Corp.’s term loan hit the secondary as well.

Arbor Pharmaceuticals firmed the original issue discount on its $500 million seven-year covenant-light term loan B at 94, according to a market source. Revised discount talk had been 94 to 95, and initial talk was 99.

With final terms in place, Arbor Pharmaceuticals’ term loan B made its way into the secondary market on Tuesday, and levels were quoted at 94½ bid, 95½ offered, the source added.

Give & Go Prepared Foods’ $375 million seven-year first-lien covenant-light term loan (B1/B) began trading too, with levels quoted at 99¼ bid, par offered, a trader said.

Also in trading, AMC Entertainment Holdings Inc.’s term loan gained some ground after the company announced plans to acquire Odeon & UCI Cinemas Group.

AMC Entertainment’s term loan strengthened to 101 bid, 101½ offered from 100¼ bid, 101 offered, according to a trader.

Moving back to the primary market, Texas Competitive Electric Holdings Co. LLC (TCEH) and Printpack Inc. released price talk with launch, and Sterling Talent Solutions joined this week’s new issue calendar.

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