AlixPartners term debt reacts to refinancing plans; Filtration Group modifies issue price

By Sara Rosenberg

New York, July 14 – AlixPartners LLP’s first-lien term loan B debt was stronger and its second-lien term loan was weaker in the secondary market on Tuesday after refinancing news surfaced.

Meanwhile, in the primary market, Filtration Group Corp. tightened the original issue discount on its add-on first-lien term loan, and Ascena Retail Group Inc., Builders FirstSource Inc., EagleView Technology Corp., C.H.I. Overhead Doors Inc. and MediaOcean LLC released price talk with launch.

Furthermore, Ascend Learning brought a small add-on term loan to market, and Linxens, Hostess, AccentCare, Alion Science and Technology Corp. and Vistage surfaced with new deal plans.

Linxens scheduled bank meetings to launch a $500 million seven-year first-lien covenant-light term loan, a €230 million seven-year first-lien covenant-light term loan and a $256 million eight-year second-lien covenant-light term loan.

Hostess emerged with plans to hold a bank meeting on Thursday to launch a $1,325,000,000 credit facility.

Alion Science and Technology will hold a bank meeting on Thursday morning to launch $400 million of term loans.

AccentCare set a bank meeting for Monday to launch a $170 million senior credit facility.

And Vistage will hold a bank meeting on Thursday to launch a $150 million term loan B that is talked at Libor plus 475 bps to 500 bps with a 1% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.

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