Chemours retreats; Everi better bid; Allison Transmission revised; Pacific Dental sets talk

By Sara Rosenberg

New York, Feb. 29 – Chemours Co.’s U.S. term loan weakened in the secondary market on Thursday as the company’s chief executive officer, chief financial officer and principal accounting officer were placed on administrative leave while accounting issues are being reviewed.

Also, in trading, Everi Holdings Inc.’s term loan was bid higher following news that the company will be merging with International Game Technology plc’s Global Gaming and PlayDigital businesses.

Meanwhile, in the primary market, Allison Transmission Inc. tightened the issue price on its term loan B, Pacific Dental Services LLC released price talk on its term loan B with launch, and TK Elevator joined the near-term new issue calendar with plans for U.S. and euro term loans.

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