Micro Focus dips on acquisition, refi news; primary sees multiple launches, announcements

By Sara Rosenberg

New York, Sept. 8 – Micro Focus International plc’s term loan was a touch lower in trading on Thursday as the company announced plans to purchase Hewlett Packard Enterprise’s software business segment (HPE Software) and refinance existing banking facilities.

Micro Focus’ term loan dipped to 100¼ bid, 100½ offered from 100 3/8 bid, 100 5/8 offered, according to a trader.

Over in the primary market, Quality Care Properties Inc., DTI Holdco Inc., Polycom Inc., Coinstar LLC, Monitronics International Inc., SIG Combibloc (Onex Wizard US Acquisition Inc./SIG Combibloc Purchase Co. Sarl) and Smart & Final Stores LLC, Surgery Center Holdings Inc. (Surgery Partners Inc.), Beacon Roofing Supply Inc. and Dexter Axle released price talk with launch.

Also, Dell Software Group released size, structure and price talk on its upcoming credit facility, Beasley Broadcast Group Inc. set the launch date for its new loan deal, and Landry’s Inc., American Bath Group LLC and GFL Environmental Inc. joined the near-term calendar.

Beasley Broadcast will hold a bank meeting on the morning of Sept. 15 to launch its $285 million credit facility (B+).

Landry’s set a bank meeting for 2:30 p.m. ET on Monday to launch a $1.5 billion senior secured credit facility.

American Bath scheduled a bank meeting for 2 p.m. ET in New York on Monday to launch a $465 million credit facility.

GFL Environmental set a bank meeting for Monday to launch a C$950 million credit facility.

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