Science Applications, Genoa free to trade; Aspen Dental revises commitment deadline

By Sara Rosenberg

New York, April 21 – Science Applications International Corp.’s term loan made its way into the secondary market on Tuesday, with levels quoted above par, and Genoa, A QoL Healthcare Co. LLC began trading as well.

Meanwhile, in the primary market, Aspen Dental Management Inc. accelerated the commitment deadline on its credit facility to close of business on Wednesday from Friday, while WASH Multifamily Laundry Systems LLC, PrimeSource Building Products (PriSo Acquisition Corp.) and RCN Cable (RCN Services Telecom LLC) came out with price talk on their new deals with launch.

TTM Technologies Inc. brought back its acquisition financing transaction, and Penton Media Inc. approached lenders with a $60 million incremental loan.

Cinemark USA Inc. set a lender call for Wednesday to launch an extension of the maturity on its roughly $684.3 million term loan B to a seven-year maturity from a current maturity of Dec. 18, 2019.

Concentra Inc. scheduled a bank meeting for Wednesday to launch a $500 million credit facility that consists of a $50 million five-year revolver and a $450 million seven-year term loan B.

Finally, Metaldyne LLC will hold a lender call on Thursday to launch a repricing of its term loan, and an up to €250 million term loan that will repay a portion of the existing U.S. dollar term loan.

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