Ryan, Electrical Components break; Party City, Prolamina, 888, Navistar, Graton updated

By Sara Rosenberg

New York, Aug. 5 – Deals from Ryan LLC and Electrical Components International Inc. hit the secondary market during Wednesday’s session, and Avaya Inc.’s term loans were lower on the back of earnings being released.

Ryan’s $250 million five-year term loan was seen at 98¾ bid, 99¾ offered, and then it moved up to 99 bid, par offered, a trader remarked.

After terms firmed up, Electrical Components’ add-on term loan began trading, with levels quoted at par bid, 100 3/8 offered, a trader added.

Moving to the primary market, Party City Holdings Inc. set pricing on its term loan at the low end of guidance and tightened the original issue discount, and Prolamina Corp./Ampac Holdings LLC (Intermediate Holdco (US)) modified first- and second-lien term loan sizes, firmed spreads at the high side of talk and adjusted the issue price on the second-lien tranche.

Also, 888 Holdings Ltd. plc raised pricing on its U.S. dollar and euro term loan and modified original issue discount guidance, Navistar International Corp. widened the spread and issue price on its term loan while also sweetening call premiums, and the Graton Economic Development Authority cut pricing on its term loan.

Furthermore, Kissner Milling Co. Ltd., Owens-Brockway Glass Container Inc. (Owens-Illinois Inc.) and Osmose Holdings disclosed price talk with launch, and National Veterinary Associates (NVA Holdings Inc.) joined this week’s calendar.

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