Hamilton Projects updates emerge; JetBlue, UFC launch; HelpSystems, OneDigital ready deals

By Sara Rosenberg

New York, June 10 – Hamilton Projects Acquiror LLC trimmed the spread on its first-lien term loan B on Wednesday and finalized the original issue discount at the tight end of guidance.

Hamilton Projects cut pricing on its $900 million seven-year first-lien term loan B to Libor plus 475 basis points from Libor plus 500 bps and firmed the original issue discount at 97, the tight end of the 96 to 97 talk, according to a market source.

The term loan still has a 1% Libor floor and 101 soft call protection for one year.

The company’s $1.015 billion of senior secured credit facilities (B1/BB-) also include a $115 million five-year revolver.

Commitments remained due at 5 p.m. ET on Wednesday and allocations are targeted for Thursday, the source continued.

Additionally, JetBlue Airways Corp. and UFC Holdings LLC came to market with new term loans, and HelpSystems (HS Purchaser LLC) and OneDigital joined the new issue calendar with proposed incremental first-lien term loans.

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