Aspen Dental, Securus, RCN Cable, Intrawest break; Zayo softens with repricing, amendment

By Sara Rosenberg

New York, April 27 – Aspen Dental Management Inc., Securus Technologies Holdings Inc., RCN Cable (RCN Services Telecom LLC) and Intrawest Operations Group LLC all saw their loan deals free up for trading during Monday’s market hours, and Zayo Group LLC’s term loan was lower on repricing and amendment news.

Moving to the primary market, Sterigenics International Inc. and Royalty Pharma Investments Finance Trust released talk with launch, and Hyland Software Inc. approached investors with a tack-on term loan.

Hyland plans to launch a $100 million tack-on first-lien covenant-light term loan due February 2021 that is talked at Libor plus 375 basis points with a 1% Libor floor and an original issue discount of 99˝, according to a market source.

The spread and floor on the tack-on term loan matches existing first-lien term loan pricing, and, with this transaction, all of the first-lien term debt will get 101 soft call protection for six months, the source said.

Commitments are due at noon ET on May 4. Credit Suisse Securities (USA) LLC and Goldman Sachs Bank USA are leading the deal.

Also, National Surgical Healthcare Inc. and Black Knight InfoServ LLC began circulating pricing guidance ahead of their bank meetings, and SIG Combibloc Group AG (Onex Wizard Acquisition), A. Schulman Inc. and ConvergeOne Holdings Corp. joined this week’s calendar.

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