Mannington talk emerges; Gray Television reveals OID; more deals pile onto primary calendar

By Sara Rosenberg

New York, Sept. 8 – In the primary market on Monday, Mannington Mills released price talk on its term loan B with its launch, and Gray Television Inc. disclosed original issue discount guidance on its add-on term loan B.

Also, Ranpak Holdings Inc., Skillsoft Ltd., ProQuest LLC, Progrexion, FHC Health Systems Inc., Delachaux and Mister Car Wash joined this week’s calendar.

Mannington Mills held its bank meeting on Monday, launching its $275 million seven-year covenant-light term loan B with talk of Libor plus 350 basis points with a 1% 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. 19, the source said.

RBC Capital Markets and Societe Generale are leading the deal that will be used to refinance existing debt.

Net leverage is 2.9 times.

Gray Television came out with original issue discount talk of 99 on its fungible $75 million add-on term loan B with original issue discount talk of 99 that launched with a call in the afternoon, a market source remarked.

As previously reported, pricing on the add-on term loan B is Libor plus 300 bps with a 0.75% Libor floor, in line with existing term loan B pricing.

Commitments are due on Thursday, the source added.

Wells Fargo Securities LLC is leading the deal that will be used with cash on hand to fund the roughly $128 million acquisition of WJRT-TV and WTVG-TV from SJL Holdings LLC.

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