Liberty Tire, Camin Cargo Control, OCI Beaumont free to trade; Aristotle revisions surface

By Sara Rosenberg

New York, June 30 – Liberty Tire Recycling widened the spread and original issue discount on its term loan and sweetened the call protection before the debt made its way into the secondary market on Tuesday, and Camin Cargo Control and OCI Beaumont LLC began trading as well.

Back in the primary market, Aristotle Corp. reduced pricing on its term loan, added a leverage-based step-down and tightened the original issue discount.

In more trading happenings, AlliedBarton Security Services’ term loans were relatively unchanged following news that the company is being acquired by Wendel, a source remarked.

In other news, the buyout of TI Automotive Ltd. by Bain Capital has been completed, a news release said, and for the transaction the company got a new credit facility that includes a $125 million five-year revolver (Ba3/BB), a $100 million asset-based revolver, a $965 million seven-year term loan B (Ba3/BB) and a €325 million seven-year term loan B (Ba3/BB).

Lantheus Medical Imaging Inc. closed on its $365 million seven-year first-lien term loan (B3/B), according to a news release.

And Six Flags Entertainment Corp. closed on its $950 million credit facility (Ba2/BBB-) that includes a $700 million seven-year term loan B (Ba2/BBB-) and a $250 million five-year revolver, a news release said.

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