McGraw, Cengage trade higher; PlayPower, ION revised; PCI Gaming, Alliant release price talk

By Sara Rosenberg

New York, May 1 – McGraw-Hill Global Education Holdings LLC and Cengage Learning Inc. saw their term loans rise in the secondary market on Wednesday after news surfaced that the companies will merge and will seek to amend and extend their first-lien term loan debt.

Meanwhile, over in the primary market, PlayPower Inc. increased the size of its first-lien term and widened the spread, and terminated plans for a second-lien term loan, and ION Investment Group downsized its seven-year term loan.

Also, PCI Gaming Authority (Wind Creek Hospitality) and Alliant Holdings Intermediate LLC announced price talk with launch, and Liqui-Box joined the near-term primary calendar.

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