Genesee frees up; Outfront, Univar, Vistra, Century Casinos, EPIC, Forest set talk

By Sara Rosenberg

New York, Nov. 6 – Genesee & Wyoming Inc.’s credit facilities broke for trading on Wednesday, with the first-lien term loan quoted above its original issue discount.

Specifically, the $2.55 billion seven-year covenant-lite first-lien term loan began trading with levels quoted at par bid, par ½ offered, according to a market source.

Pricing on the term loan is Libor plus 200 basis points with a 0% Libor floor and it was sold at an original issue discount of 99.5. The debt has 101 soft call protection for six months.

Moving to the primary market, Outfront Media Inc., Univar Inc., Vistra Energy (Vistra Operations Co. LLC), Century Casinos Inc., EPIC Y-Grade Services LP and Forest City Enterprises LP released price talk with launch, and Cambium Learning Group Inc. and MediaOcean LLC joined this week’s primary calendar.

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