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Bass Pro, Merrill Communications free to trade; primary calendar continues to build
By Sara Rosenberg
New York, May 29 – Bass Pro Group LLC tightened the spread and original issue discount on its term loan and then freed up for trading on Friday, and Merrill Communications LLC’s credit facility hit the secondary as well.
In more happenings, PlayPower Inc., SBA Senior Finance II, Falcon Group Holdings and Sonneborn LLC surfaced with new deal plans.
PlayPower set a bank meeting for Tuesday morning to launch a $224 million credit facility, according to a market source.
The facility consists of a $30 million revolver, a $150 million first-lien term loan and a $44 million second-lien term loan, with price talk not yet available, the source said.
SBA Senior Finance scheduled a conference call for 10 a.m. ET on Monday to launch a $500 million seven-year incremental senior secured term loan B, a market source said.
Citigroup Global Markets Inc. is leading the deal.
Falcon Group emerged with plans to hold a bank meeting on Tuesday to launch a $250 million five-year term loan B (Ba3) talked at Libor plus 475 bps to 500 bps with a 1% Libor floor, an original issue discount of 99 and 101 soft call protection for one year, according to a market source.
J.P. Morgan Securities LLC and Natixis are leading the deal that will be used for general corporate purposes.
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