Rackspace, Securus, First Data set pricing; North American Bancard sets bank meeting

By Paul A. Harris

Portland, Ore., June 1 – On Thursday First Data Corp. set pricing in $3,733,000,000 of term loan debt (Ba3/BB), according to a market source.

Rackspace Hosting Inc. set price talk for a $2,095,000,000 senior secured term loan B due Nov. 3, 2023 (Ba2/BB+/BB+).

Securus Technologies Holdings Inc. set price talk for $1.15 billion of first- and second-lien term loan debt.

Cinemark set price talk in a repricing of $664 million of its term loan B due May 8, 2022 (existing ratings Ba1/BBB-).

North American Bancard plans to launch a $640 million seven-year first-lien term loan (expected ratings B2/B) at a bank meeting set for noon ET on Monday.

Unitymedia Finance LLC launched a $620 million covenant-light term loan B due September 2025 (expected ratings Ba3/BB-/BB+) at a Thursday bank meeting.

Virtu Financial Inc. shifted $325 million of proceeds to its 4½-year senior secured term loan from its concurrent offering of junk bonds.

HelpSystems set price talk in a $346 million repricing of its first-lien term loan due October 2021 (B2/B+).

Atkins Nutritionals Inc. set price talk in its $200 million seven-year senior secured term loan B.

TKC Holdings, Inc. set price talk for $170 million of incremental term loans on a Thursday.

Douglas GmbH set final terms on €1.67 billion of bank loan debt.

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