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Bass Pro Group, Constellation Brands Canada free up; Culligan revises loan sizes, pricing
By Sara Rosenberg
New York, Nov. 15 – Bass Pro Group LLC finalized pricing on its term loan B and asset-sale facility at the high end of revised guidance and then the debt made its way into the secondary market on Tuesday, and Constellation Brands Canada Inc.’s term loan B began trading too.
Bass Pro’s term loan B was quoted at 99¼ bid, 99½ offered, and the asset-sale facility quoted at 99¾ bid, 100½ offered, a trader said.
Constellation Brands Canada’s $260 million seven-year covenant-light term loan B was quoted at par bid, 101 offered and then it moved up to 100¼ bid, 101¼ offered, a trader said.
In more happenings, Culligan Holding Inc. upsized its U.S. first-lien term loan, reduced pricing and tightened the original issue discount and downsized its euro first-lien term loan.
Also, Platform Specialty Products Corp. (MacDermid Inc.), Four Seasons Hotels and Resorts, LDiscovery LLC, Hyperion Insurance Group and C.H.I. Overhead Doors Inc. disclosed price talk on their deals, nThrive Inc. released original issue discount guidance, and Vistage emerged with new loan plans.
In other news, Quikrete Co. completed its acquisition of Contech Engineered Solutions from Anchorage Capital Group and Littlejohn & Co. LLC, a news release said. To fund the acquisition and refinance existing debt, Quikrete got a new $2,625,000,000 credit facility.
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