Restaurant Brands, American Air break; Blue Coat, WOW, Physio, Flint, Energizer, CHG updated

By Sara Rosenberg

New York, May 15 – Restaurant Brands International Inc. (Burger King Worldwide Inc.) saw its term loan B make its way into the secondary market on Friday, with levels quoted above par, and American Airlines Inc.’s extended and repriced term loan B freed up too.

Meanwhile, in the primary market, Blue Coat Systems Inc. upsized its term loan B while tightening the spread and original issue discount, WideOpenWest Finance LLC (WOW) widened pricing on its term loan B, and Physio-Control International Inc. set spreads on its first- and second-lien term loans and modified the discount on the first-lien tranche.

Also, Flint Group (Colouroz Investment) firmed pricing on its transaction, Energizer SpinCo Inc. tightened the spread and issue price on its term loan while extending the call protection, and CHG Healthcare Services Inc. increased the size of its add-on first-lien term loan.

Furthermore, American Rock Salt Co. LLC revealed issue price talk on its incremental first-lien term loan with launch, and Novelis Inc., ConvaTec Inc., Bass Pro Group LLC and Camping World Inc. emerged with new deal plans.

In other news, Sterigenics International Inc. completed its recapitalization with Warburg Pincus and GTCR, a news release said.

To help fund the transaction, Sterigenics got a new $1.2 billion credit facility (B1/B) that includes a $150 million five-year revolver and a $1.05 billion seven-year term loan B.

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