Steinway, Charter NEX, Sparta break; Access CIG, Invictus, Equian, Lifetime Brands revised

By Sara Rosenberg

New York, Feb. 13 – Steinway Musical Instruments Inc.’s term loan B emerged in the secondary market on Tuesday and the debt was seen trading above its original issue discount, and deals from Charter NEX US Inc. and Sparta Systems Inc. freed up too.

Moving to the primary market, Access CIG LLC cut pricing on its first- and second-lien term loans, and Invictus (Fire Safety and Oil Additives Divisions of Israel Chemicals Ltd.) tightened spreads and original issue discounts on its first-and second-lien term loans.

Furthermore, Equian LLC narrowed price talk on its incremental term loan B and added a repricing transaction to the mix, and Lifetime Brands Inc. lowered pricing on its term loan B and set the issue price at the narrow end of guidance.

Also, EaglePicher Technologies LLC, American Traffic Solutions (ATS Consolidated Inc.), Shutterfly Inc., PowerTeam Services LLC, Masergy Communications Inc., Medical Solutions Holdings Inc., VAC (VAC Germany Holding GMBH and New VAC US LLC), DuPage Medical Group, Liquidnet Holdings Inc., Davis/Superior Vision (Wink Holdco Inc.) and Lumos Networks (MTN Infrastructure TopCo Inc.) disclosed price talk with launch.

In addition, PSAV, Fusion, Lamar Media Corp., CPM Acquisition Corp., PS Logistics (PS HoldCo LLC) and Accudyne Industries LLC joined this week’s primary calendar.

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