CEVA Logistics, Univar, Trico Group deal changes surface; Tivity, Amynta, Sprint set talk

By Sara Rosenberg

New York, Feb. 20 – In the primary market on Wednesday, CEVA Logistics downsized its term loan B, raised pricing, removed a step-down, adjusted the issue price and sweetened the call protection, and Univar Inc. added a U.S. incremental term loan B to its capital structure and scaled back its euro incremental term loan B while also tightening price talk.

Also, Trico Group LLC increased the size of its incremental first-lien term loan and firmed the spread at the wide side of guidance.

Furthermore, Tivity Health Inc., Amynta Group and Sprint Communications Inc. came out with price talk on their term loans with launch, and Tallgrass Energy LP joined this week’s primary calendar.

Over in trading, Caesars Entertainment Corp.’s bank debt had a muted response to news that it is evaluating options but was higher in sympathy with the rest of the secondary market, a trader said.

The Caesars opco term loan was quoted at 98 3/8 bid, 98 7/8 offered, and the Caesars Resorts term loan was quoted at 99½ bid, par offered, both up about a quarter of a point on the day.

The trader then remarked that pretty much everything was up a quarter of point during a relatively quiet session on Wednesday so this movement was more market driven than news driven.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.