Linden Cogeneration, Alorica, Dynegy, World Kitchen break; Patterson Medical tweaks deal

By Sara Rosenberg

New York, June 22 – Linden Cogeneration Power Complex (EFS Cogen Holdings I LLC) saw its credit facility emerge in the secondary market on Wednesday, with its term loan B quoted above par, and Alorica Inc. freed up too.

Linden Cogeneration’s $1.05 billion seven-year first-lien term loan B was quoted at 100 1/8 bid, 100 5/8 offered, according to a trader.

Alorica’s $350 million six-year first-lien term loan B was quoted at 99 7/8 bid, 100 3/8 offered, a trader said.

Also, Dynegy Inc. increased pricing on its term loan, and World Kitchen LLC (WKI Holding Co. Inc.) sweetened the spread, issue price and call protection on its term loan B, and then both deals broke for trading as well.

Dynegy’s loan was quoted at 99¼ bid, 99¾ offered, a trader said.

World Kitchen’s term loan B was quoted at 95 bid, 97 offered, a trader said.

In other news, Patterson Medical widened price talk on its incremental term loan B and updated original issue discount guidance, Ravago Holdings America came out with price talk on its term loan, and Tranzact set a bank meeting for its buyout financing deal and released details on structure and price talk.

Tranzact set a bank meeting for 10 a.m. ET on Thursday to launch a $225 million senior secured credit facility, a market source said.

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