Vigor/MHI, Autodata, ADT price talk surfaces; primary calendar continues to build

By Sara Rosenberg

New York, Sept. 4 – In the primary market on Wednesday, Vigor Industrial/MHI Holdings and Autodata Group disclosed guidance on their term loans with launch, and ADT Inc. (Prime Security Services Borrower LLC) released price talk on its term loan B ahead of its upcoming lender call.

Vigor Industrial/MHI Holdings held its bank meeting on Wednesday and announced talk on its $500 million seven-year term loan B (B) at Libor plus 475 basis points with an original issue discount of 99 and 101 soft call protection for six months, according to a market source.

Autodata came out with original issue discount talk of 98.5 on its fungible $755 million incremental first-lien term loan (//BB-) due May 2026 that launched with a morning bank meeting, a market source said.

ADT is talking its $3.025 billion to $3.275 billion seven-year senior secured term loan B at Libor plus 300 bps to 325 bps with a 0% Libor floor, an original issue discount of 99 and 101 soft call protection for six months, according to a market source.

Also, Shutterfly Inc., Aldevron LLC, Extended Stay America Inc. (ESH Hospitality Inc.), PeroxyChem, Cerence Inc., Howden, Sensata Technologies Inc. and Autokiniton Global Group joined the near-term primary calendar.

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