Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Gulf Finance LLC > News item |
Texas Competitive frees up; Gulf Finance, Leslie’s Poolmart, Aristocrat, Air Medical launch
By Sara Rosenberg
New York, July 27 – Texas Competitive Electric Holdings Co. LLC’s credit facility surfaced in the secondary market on Wednesday afternoon, and the term loan B and term loan C debt were trading as a strip above their original issue discount.
Texas Competitive’s strip of $2.85 billion seven-year covenant-light term loan B and $650 million seven-year covenant-light term loan C debt were quoted at par bid, 100˝ offered, according to a trader.
Meanwhile, in the primary market, Gulf Finance LLC, Leslie’s Poolmart Inc., Aristocrat Leisure Ltd. and Air Medical Group Holdings Inc. released price talk on their deals, and ION Trading Technologies, PolyOne Corp. and Infiltrator Water Technologies LLC joined this week’s new issue calendar.
ION Trading set a lender call for 9 a.m. ET on Thursday to launch €240 million equivalent in senior secured bank debt, split between a €40 million revolver and a €200 million equivalent add-on term loan with the currency still to be determined, a market source remarked.
PolyOne emerged with plans to hold a call for existing lenders at 10 a.m. ET on Thursday to launch a new loan, according to a market source.
Infiltrator Water Technologies set a lender call for 2 p.m. ET on Thursday to launch a $243 million first-lien term loan due May 27, 2022 talked at Libor plus 350 bps with a 1% Libor floor, a par issue price and 101 soft call protection for six months, a market source remarked.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.