Calpine, Hyperion, Carbonite free up; Consol changes emerge; Mister Car moves deadline

By Sara Rosenberg

New York, March 22 – Before freeing up for trading on Friday, Calpine Corp. firmed the spread on its term loan B-9 at the high end of guidance and Hyperion Insurance Group Ltd. modified the original issue discount on its add-on term loan B.

Calpine’s term loan B-9 was quoted at 99 1/8 bid, 99 5/8 offered, a trader said.

Hyperion’s add-on term loan was seen at 99½ bid, par offered, a trader source added.

Another deal to make its way into the secondary market during the session was Carbonite Inc. Its $550 million seven-year senior secured term loan B (B1/B) was quoted at 99¼ bid, 100¼ offered, a trader said.

In more happenings, Consol Energy Inc. reduced the size of its term loan B, increased pricing and widened the issue price, and Mister Car Wash Holdings Inc. accelerated the commitment deadline for its incremental first-lien term loan.

Also, Staples Inc., Lonestar II Generation Holdings LLC and Nordam Group LLC joined the near-term primary calendar.

Staples scheduled a bank meeting for Tuesday to launch a $3.2 billion term loan.

Lonestar II plans to hold a lenders’ presentation on Tuesday to launch $280 million of senior secured term loans.

And Nordam set a bank meeting for Monday to launch a $240 million seven-year term loan B (B+).

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