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Traeger falls with downgrades; AMC better on rumored Amazon interest; Tricor revised
By Sara Rosenberg
New York, March 28 – In the secondary market on Tuesday, Traeger (TGP Holdings III LLC) saw its first-lien term loan retreat after Moody’s Investors Service downgraded the company’s ratings, and AMC Entertainment Holdings Inc.’s term loan was higher with chatter of potential interest by Amazon.com Inc. to purchase the company.
Traeger’s first-lien term loan fell to 79¼ bid, 80¼ offered on Tuesday from 79½ bid, 80½ offered of Monday following downgrades from Moody’s, a trader said.
Meanwhile, over in the primary market, Tricor/Vistra (Thevelia (US) LLC) disclosed tranching on its incremental first-lien term loan B, revised original issue discount guidance on the U.S. and euro pieces, and made some modifications to documentation.
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