Duravant, ArcLight GCX break; Sally Beauty revises deadline; SubCom price talk emerges

By Sara Rosenberg

New York, Feb. 15 – Duravant LLC (Engineered Machinery Holdings Inc.) increased the size of its incremental first-lien term loan and modified the original issue discount before freeing up for trading on Wednesday, and ArcLight GCX’s (AL GCX Holdings LLC) term loan B broke as well.

Duravant raised its fungible incremental first-lien term loan (B1/B-) due May 21, 2028 to $150 million from $130 million and changed the original issue discount to 99.25 from 98.79, according to a market source.

ArcLight GCX’s roughly $615,385,032 senior secured term loan B (Ba3/B+) due May 18, 2029 also freed to trade, with levels quoted at 99 7/8 bid, par 3/8 offered, a market source remarked.

In more happenings, Sally Beauty Holdings Inc. accelerated the commitment deadline for its term loan B, SubCom released price talk on its incremental first-lien term loan with launch, and TMS International Corp. joined this week’s primary calendar.

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