WideOpenWest, Aria Energy break; Par Pharmaceutical loans slide with acquisition by Endo

By Sara Rosenberg

New York, May 18 – In the secondary market on Monday, WideOpenWest Finance LLC and Aria Energy Operating LLC freed up for trading, and HealthPort (CT Technologies Intermediate Holdings and Smart Holdings Corp.) saw its term loan weaken.

Specifically, HealthPort’s term loan dropped to par bid, 101 offered from par ¾ bid, 101¼ offered following news that the company will launch a $155 million first-lien incremental term loan, which will be used to fund the purchase of IOD Inc., and a repricing of its existing $324.2 million first-lien term loan.

Par Pharmaceutical Holdings Inc.’s term loans were softer on acquisition news, with its term loan B-2 weakening to 99 7/8 bid, par 3/8 offered from par bid, par 3/8 offered, and its term loan B-3 falling to par bid, par ½ offered from par ¼ bid, par 5/8 offered. The company is being acquired by Endo from TPG in a transaction valued at $8.05 billion.

Over in the primary, At Home Holding III Inc. finalized pricing on its term loan B at the tight end of guidance, Life Time Fitness Inc. (LTF Merger Sub Inc.), TransUnion LLC, Novelis Inc. and Camping World Inc. released price talk with launch, and Informatica Corp. and Capstone Logistics LLC joined this week’s calendar.

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