GEO, RPI, Summit, Eldorado, Navex break; Lumileds, Avast, Lightstone, Foresight revised

By Sara Rosenberg

New York, March 16 – GEO Group Inc.’s term loan B freed up for trading on Thursday above its original issue discount and deals from Royalty Pharma (RPI Finance Trust), Summit Midstream Partners Holdings LLC, Eldorado Resorts Inc. and Navex Global hit the secondary market too.

Over in the primary market, Lumileds (Bright Bidco BV) tightened the spread and original issue discount on its term loan, and Avast Software upsized its U.S. and euro term loans, set the spread on the euro tranche at the low side of talk and firmed the issue price on both loans at the tight end of guidance.

Also, Lightstone Holdco LLC firmed pricing on its term loans at the low end of talk, Foresight Energy LLC upsized its term loan and Greektown Holdings LLC, Big Jack’s Holdings LP (Jack’s Family Restaurant) and Advanced Integration Technology LP accelerated the commitment deadlines on their term loans.

In addition, RGIS Services LLC, Las Vegas Sands LLC and Technicolor SA released price talk with their launches and Spectrum Brands Inc., AlixPartners LLP, nThrive Inc. and Gates Global LLC emerged with new deal plans.

GEO Group’s $800 million seven-year term loan B began trading on Thursday, with levels quoted at par bid on the break. The loan then got as high as par 3/8 bid, 101 3/8 offered before settling in at par 3/8 bid, par 7/8 offered, according to a trader.

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