Calpine, Victory break; Presidio, Westinghouse, Element revised; ASM accelerated

By Sara Rosenberg

New York, Jan. 14 – Calpine Corp. finalized the spread on its term loan B-10 at the low end of guidance before freeing up for trading on Tuesday, and Victory Capital Holdings Inc.’s term loan B made its way into the secondary as well.

In more happenings, Presidio Holdings Inc. lowered price talk on its term loan B and tightened the issue price, and Westinghouse (Brookfield WEC Holdings Inc.) firmed pricing on its first-lien term loan at the low end of talk and added step-down.

Also, Element Materials Technology increased the size of its U.S. and euro add-on term loan B debt and revised original issue discount talk on the euro tranche, and ASM Global (SMG) moved up the commitment deadline for its incremental first-lien term loan.

Furthermore, American Airlines Inc., BroadStreet Partners Inc., Red Ventures LLC, Novaria Group, Fluidra (Zodiac Pool Solutions LLC), Ocwen Financial Corp. and Ineos Styrolution announced price talk with launch.

Additionally, Froneri International Ltd. released tranching and price guidance on its credit facilities in preparation for its upcoming bank meetings, and Iridium Satellite LLC and Grocery Outlet Inc. (GOBP Holdings Inc.) surfaced with new deal plans.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.