Air Medical, Tekni-Plex, Concordia break; Communications Sales, Boyd, Milacron, NEP updated

By Sara Rosenberg

New York, April 15 – Air Medical Group Holdings Inc.’s credit facility made its way into the secondary market on Wednesday, with the term loan quoted at par bid, par ½ offered, above its original issue discount, and Tekni-Plex Inc. and Concordia Healthcare Corp. freed up as well.

Tekni-Plex’s $400 million seven-year first-lien covenant-light term loan was quoted at par ¼ bid, 101 offered, and the $160 million eight-year second-lien covenant-light term loan was quoted at par bid, par ¾ offered, according to a trader.

Meanwhile, Concordia Healthcare’s credit facility also began trading, with the $575 million term loan B quoted at par 5/8 bid, 101 1/8 offered, a trader said.

Switching to the primary market, Communications Sales & Leasing Inc. upsized its term loan, widened the original issue discount and extended the call protection, and Boyd Corp. changed spreads, offer prices and call protection on its first- and second-lien debt.

Additionally, Milacron LLC tightened the spread and offer price on its term loan while extending the call protection, NEP/NCP Holdco Inc. modified the original issue discount on its incremental second-lien term loan, and Access CIG LLC increased the size of its add-on first-lien term loan and adjusted the offer price.

Furthermore, Kloeckner Pentaplast accelerated the commitment deadline on its credit facility, and Aspen Dental Management Inc., IPC Corp. and HanesBrands Inc. launched their deals to investors.

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