Hard Rock Northern Indiana breaks; TransUnion, LPL Holdings, Grifols updates emerge

By Sara Rosenberg

New York, Nov. 7 – Hard Rock Northern Indiana (Spectacle Gary Holdings LLC) saw its $370 million six-year first-lien term loan surface in the secondary market on Thursday, with levels quoted with levels quoted at 98 bid, 99 offered.

Pricing on the term loan is Libor plus 900 basis points with a 2% Libor floor and it was sold at an original issue discount of 97. The debt is non-callable for 18 months, then at 109, 106 and 103.

Meanwhile, over in the primary market, TransUnion LLC increased the size of its term loan B-5 to $2.6 billion from $1.75 billion and tightened the issue price to par from 99.75, LPL Holdings Inc. lowered the spread on its $1.07 billion seven-year term loan B to Libor plus 175 bps from Libor plus 200 bps, and Grifols downsized its U.S. term loan B to $2.5 billion from $3 billion and adjusted the original issue discount to 99.75 from talk in the range of 99.25 to 99.5.

Also, DRW Holdings LLC, MediaOcean LLC, Cambium Learning Group Inc., STV Group and Restaurant Brands International Inc. announced price talk with launch.

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