Aecom, York Risk, ClubCorp, PGT, Capital Automotive reveal talk; TNT offer prices set

By Sara Rosenberg

New York, Sept. 4 – The primary loan market was active on Thursday with Aecom Technology Corp., York Risk Services Group, ClubCorp Club Operations Inc., PGT Inc. and Capital Automotive LP releasing price talk on their deals with launch.

Also, TNT Crane (North American Lifting Holdings Inc.) disclosed original issue discount guidance on its add-on debt, and DPx Holdings BV, Mannington Mills and U.S. Renal Care Inc. emerged with new deal plans.

Aecom Technology had its bank meeting on Thursday and launched its $1,262,500,000 seven-year covenant-light term loan B with talk of Libor plus 325 bps with a 0.75% Libor floor, an original issue discount of 99˝ and 101 soft call protection for six months, according to a market source.

Commitments are due on Sept. 16, the source said.

The company also expects to get a $1.85 billion term loan A, a $1.05 billion revolver and a $500 million incremental performance letter-of-credit facility.

York Risk Services Group revealed talk of Libor plus 400 bps with a 1% Libor floor, an original issue discount of 99 to 99˝ and 101 soft call protection for six months on its $555 million seven-year covenant-light term loan B that launched with an afternoon meeting, a source said.

The company’s $655 million credit facility also includes a $100 million five-year revolver.

Commitments are due on Sept. 16, the source added.

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