Anchor Glass, NXT, Windstream, nThrive, Conduent, SiteOne, C.H.I. break; HealthSun updated

By Sara Rosenberg

New York, Nov. 22 – Anchor Glass Container Corp.’s credit facility made its way into the secondary market on Tuesday, with both its first- and second-lien term loans trading above their original issue discounts, and NXT Capital Inc., Windstream Holdings Inc. and nThrive Inc. broke too.

Anchor Glass’ $650 million seven-year first-lien term loan was quoted at 100 3/8 bid, 100 7/8 offered and $150 million eight-year second-lien term loan at 101 bid, 102 offered.

NXT Capital’s $300 million six-year term loan B was quoted at 99¾ bid, 100½ offered.

Windstream’s $600 million add-on term loan B-6 due March 2021 was quoted at 99¼ bid, 100¼ offered.

nThrive’s fungible $105 million add-on covenant-light first-lien term loan due Oct. 20, 2022 was seen at par bid, 100½ offered.

Additionally, Conduent Inc. finalized pricing on its term loan B at the high end of revised guidance, SiteOne Landscape Supply Inc. increased the size of its term loan, and C.H.I. Overhead Doors Inc. tightened the original issue discount on its incremental first-lien term loan, and then all of these deals freed up for trading as well.

In more happenings, HealthSun upsized its term loan B and set the original issue discount at the wide end of modified talk, timing and structure emerged on proposed loan deals from Zodiac Pool Solutions SAS and ContextMedia, and Masergy Communications joined the near-term new issue calendar.

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