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Epicor, Virgin Media, Weather, Infiltrator, Hubbard Radio, LegalShield, Bombardier break
By Sara Rosenberg
New York, May 21 – Epicor Software Corp. lowered pricing on its first-lien term loan, extended the call protection and then freed up for trading on Thursday, and Virgin Media Inc., Weather Co. (TWCC Holding Corp.), Infiltrator Systems Integrated LLC, Hubbard Radio LLC, LegalShield (Pre-Paid Legal Services Inc.), Bombardier Recreational Products Inc. and Creganna-Tactx Medical hit the secondary market too.
Virgin Media’s term loan F freed up, with levels quoted by one trader at 99½ bid, 99¾ offered and by a second trader at 99 5/8 bid, 99 7/8 offered.
Weather’s first-lien term loan broke on Thursday at par bid, 100½ offered.
Hubbard Radio’s credit facility was another deal to free up, with the $360 million seven-year term loan B quoted at 99 7/8 bid, 100 3/8 offered, a trader remarked.
In more happenings, Salient Partners LP modified spread talk and original issue discount on its term loan, Merrill Communications LLC added a covenant to its previously covenant-light first-lien term loan, and TransUnion LLC revised the condition under which pricing will step-down on its term loan B-2.
Also, Coveris Holdings SA set its add-on term loan size at the high end of talk while tightening the issue price, and firmed spreads on the add-on loan and its repricing transaction at the tight end of guidance, CommScope Inc. released price talk with launch, and Dollar Tree Inc. and SterlingBackcheck joined the near-term calendar.
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