WideOpenWest, Hilton, CAMP, M/A-COM break; Concordia dips; Harbor, Gulf, Ziggo update deals

By Sara Rosenberg

New York, Aug. 12 – WideOpenWest Finance LLC’s term loan B made its way into the secondary market on Friday, as did deals from Hilton Worldwide Finance LLC, CAMP International Holding Co. and M/A-COM Technology Solutions Holdings Inc.

WideOpenWest’s $2,065,000,000 seven-year term loan B was quoted at 99 5/8 bid, par offered.

Hilton’s $3,225,000,000 covenant-light term loan B-2 due 2023 was seen at 100 1/8 bid, 100 3/8 offered.

CAMP’s $529 million seven-year first-lien term loan was quoted at 99 5/8 bid, par offered, and its $188 million eight-year second-lien term loan was quoted at 100¼ bid, 101 offered.

M/A-COM’s $175 million add-on term loan was quoted at par bid, 100¾ offered.

In more trading happenings, Concordia International Corp.’s term loan softened as the company announced that its chief financial officer is leaving and slashed its full year 2016 guidance.

Moving to the primary market, Harbor Freight Tools USA Inc. lowered pricing on its term loan, added a step-down, trimmed the Libor floor and extended the call protection, and Gulf Finance LLC downsized its term loan B, widened the spread as well as the issue price and sweetened the call premium.

In addition, Ziggo increased sizes of its U.S. and euro term loans, ESH Hospitality Inc. moved up the commitment deadline on its term loan B, and XPO Logistics Inc. came to market with a fungible term loan B-2 one day after launching and pricing its original term loan B-2.

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