Learfield, ProAmpac, Sirva, Cable & Wireless, Digital Room break; Community Health gains

By Sara Rosenberg

New York, Nov. 18 – Learfield Communications Inc. reduced pricing on its first-lien term loan and removed one of the step-downs that was recently added, and then the debt made its way into the secondary market on Friday with levels quoted above its original issue discount.

Also freeing up for trading during the session were deals from ProAmpac, Sirva Inc., Cable & Wireless Communications and Digital Room Inc., and Community Health Systems Inc.’s term loans headed higher with asset sale news.

Back in the primary market, Four Seasons Hotels and Resorts lowered the spread on its first-lien term loan, and Platform Specialty Products Corp. (MacDermid Inc.) reduced the size of its U.S. term loan B-5, increased the size of its euro term loan C-4 and trimmed spreads on both tranches.

Additionally, Genesys updated the spread and original issue discount on its U.S. and euro term loan B debt, nThrive Inc. firmed the original issue discount on its add-on first-lien term loan within talk, and ION Media Networks Inc. set pricing on its add-on term loan at the low end of guidance.

Also, SAI Global pushed out the commitment deadline on its first-lien term loan, Idera Inc. withdrew its credit facility from market, First Data Corp. approached lenders with a repricing transaction and USIC Holdings Inc. released price talk on its first-lien term loan with launch.

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