Cast & Crew, Water Pik break; PODS, Ryan firm terms; HD supply, TerraForm Private launch

By Sara Rosenberg

New York, Aug. 3 – Cast & Crew Entertainment Services updated spread and original issue discounts on its first- and second-lien term loans, extended the call protection on the first-lien debt and then freed up for trading on Monday.

Water Pik Inc.’s fungible add-on term loans also began trading, with the $75 million add-on first-lien term loan (B) quoted at 99½ bid, par offered and the $35 million add-on second-lien term loan quoted at 99¼ bid, par ¼ offered.

Also in trading, Town Sports International Holdings Inc.’s term loan B slid to 71 bid, 75 offered from 74 bid, 79 offered, according to a trader. The company released disappointing second-quarter results last week.

In more happenings, PODS LLC tightened the issue price on its add-on term loan B to 99.75 from 99.5, and Ryan LLC firmed pricing on its term loan at Libor plus 575 basis points, the wide end of the Libor plus 550 bps to 575 bps talk.

Also, HD Supply Inc. and TerraForm Private details emerged with launch, and Owens-Brockway Glass Container Inc. (Owens-Illinois Inc.), Kissner Milling Co. Ltd., Smart Start Inc. and Hudson’s Bay Co. joined this week’s calendar.

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