Mitel allocates; Traverse upsizes; Odyssey sets talk; funds see Wednesday outflow

By Paul A. Harris

Portland, Ore., Sept. 21 – The loan market remains focused on new issues, sources said Thursday.

Mitel Networks Corp. allocated its $300 million six-year covenant-light term loan B.

Traverse Midstream Partners LLC launched an upsized $1,285,000,000 billion seven-year first-lien term loan.

Odyssey Logistics & Technology Corp. set price talk for $330 million of new bank debt.

And the dedicated bank loan funds saw $15 million of outflows on Wednesday, the most recent session for which data was available at press time, an investor said.

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