AgroFresh breaks above OID; Too Faced Cosmetics pricing finalizes at high end of talk

By Sara Rosenberg

New York, July 7 – AgroFresh’s credit facility hit the secondary market on Tuesday, with its term loan B quoted above its original issue discount, and General Communication Inc.’s repriced term loan held steady in its second day of trading.

AgroFresh’s credit facility freed up for trading, and the $425 million six-year term loan B was seen at par bid, 101 offered, according to a trader.

General Communication’s repriced $274.3 million covenant-light term loan due February 2022 was seen at 100¼ bid in the secondary market on Tuesday, in line with where it broke late Monday, a market source remarked.

Switching to the primary market, Too Faced Cosmetics firmed the spread on its term loan B at the wide end of guidance, Universal Services of America and Chelsea Petroleum Products I LLC disclosed price talk as their deals were presented to lenders during the session, and Filtration Group Corp. came out with original issue discount guidance on its add-on first-lien term loan.

In other news, Telular Corp. completed syndication of its $55 million add-on first-lien term loan at talk of Libor plus 425 bps with a 1.25% Libor floor, an original issue discount of 99.5 and 101 soft call protection for six months, a market source said.

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