NXP dips with lender call news; Cablevision tweaks deal; Versum, Badger, Concentra launch

By Sara Rosenberg

New York, Sept. 9 – NXP BV’s term loans were softer in the secondary market on Friday after plans for a lender call was announced to investors, although the purpose of the call was not disclosed.

NXP’s term loan B was quoted at 100¼ bid, 100¾ offered, down from 100 7/8 bid, 101¼ offered, the term loan D was quoted at 100 3/8 bid, 100 5/8 offered, down from 100 5/8 bid, 101 offered, and the term loan E was quoted at par bid, 100¼ offered, down on the offer side from par bid, 100½ offered, a trader said.

Moving to the primary market, Cablevision Systems Corp. (CSC Holdings LLC) increased the size of its term loan and reduced pricing as a result of strong demand, and Versum Materials LLC, Badger Sportswear and Concentra Inc. released price talk on their term loans with launch.

Also, ConvergeOne Holdings Corp., Wesco Aircraft Hardware Corp., Keter Group, PlayPower Inc., WellDyneRx Inc., Windstream Services LLC, Donnelley Financial Solutions Inc. and JDA Software Group Inc. joined the near-term new issue calendar.

Furthermore, HD Supply Inc. and Constantia Flexibles came out with plans to hold lender calls, and G-III Apparel Group Ltd. and Nexstar Broadcasting Group Inc. released timing on the launch of their loan deals.

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