Alliance HealthCare breaks; Deltek, Angus Chemical modify deals; Anchor Glass shutting early

By Sara Rosenberg

New York, June 17 – Alliance HealthCare Services Inc.’s incremental first-lien term loan made its way into the secondary market during Wednesday’s session, with levels bid right around the original issue discount.

Meanwhile, in the primary, Deltek Inc. increased the size of its second-lien term loan and moved up the commitment deadline, and Angus Chemical Co. shifted some funds between its U.S. dollar and euro term loans and lowered pricing on the euro tranche.

Deltek raised its second-lien term loan to $390 million from $350 million, while keeping talk at Libor plus 850 bps with a 1% Libor floor, an original issue discount of 99 and call protection of 102 in year one and 101 in year two, a market source remarked.

Angus Chemical trimmed its U.S. term loan to $225 million from $260 million and lifted its euro term loan to the equivalent of $285 million from the equivalent of $250 million, according to a market source.

In addition, pricing on the euro term loan was lowered to Euribor plus 325 bps from Euribor plus 350 bps, while pricing on the U.S. term loan was unchanged at Libor plus 350 bps, the source said.

Also, Anchor Glass Container Corp. accelerated the commitment deadline on its term loan, and Telular Corp. and Genex Holdings Inc. brought add-on term loans to market.

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