Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Epiq Systems Inc. > News item |
Staples, DJO, Epiq break; HanesBrands, Securus updates surface; Compusearch shutting early
By Sara Rosenberg
New York, April 24 – Staples Inc., DJO Finance LLC and Epiq Systems Inc. saw their deals free up for trading during Friday, and Charter Communications Operating LLC’s term loans moved around with the termination of its acquisition agreement with Comcast Corp.
Charter’s term loan G was quoted by one trader at 99½ bid, 99¾ offered, down from 99 5/8 bid, par 1/8 offered on Thursday, as the trader expects the loan to get “unwound at the 99½ OID”; the debt was supposed to fund the now-cancelled purchase of customers and systems from Comcast.
Meanwhile, the company’s term loan E and term loan F were quoted at 99 5/8 bid, par offered, up from 99 3/8 bid, 99¾ offered, as some think the reduction of Charter debt in the secondary will cause increased demand for the loans that remain outstanding, the trader explained.
In the primary, HanesBrands Inc. increased its term loan B, tightened the spread and offer price and extended the call protection, Securus Technologies Holdings Inc. set pricing on its term loan B-2 at the low end of guidance, and Compusearch accelerated the commitment deadline on its credit facility.
Also, Prestige Brands Inc., Victory Capital Operating LLC and Arcade Marketing/Bioplan disclosed talk with launch, and Royalty Pharma Investments Finance Trust, Houghton Mifflin Harcourt Publishers Inc., Aria Energy Operating LLC, Acrisure and National Surgical Healthcare Inc. emerged with new deal plans.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.