Invenergy, Idera incremental trading levels emerge; CEC, US Ecology, Total Safety revised

By Sara Rosenberg

New York, Aug. 13 – Invenergy Thermal Operating I LLC’s incremental first-lien term loan freed to trade on Tuesday above its original issue discount, and Idera Inc. finalized the original issue discount on its incremental first-lien term loan at the tight end of guidance before allocating during the session.

In more happenings, CEC Entertainment Inc. lifted pricing on its first-lien term loan, revised the Libor floor, changed the issue price and sweetened the call protection, and US Ecology Inc. increased the size of its term loan B, lowered the spread, added a pricing step-down and modified the original issue discount.

Also, Total Safety changed spread, floor, issue price, call protection, maturity and documentation for its first-lien term loan debt and downsized the delayed-draw tranche, and WS Audiology (Auris Luxembourg III SA) came to market with an add-on term loan B-2.

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