Rovi, Mauser, Templar, 4L break; TI, Overseas, Solenis, Jacobs, TerraForm revised

By Sara Rosenberg

New York, June 30 – Rovi Solutions Corp. and Mauser Holdings freed up for trading on Monday, and Templar Energy LLC and 4L Technologies Inc. tightened original issue discounts on their term loans and then broke as well.

Switching to the primary, TI Automotive Ltd. trimmed pricing on its term loan B and set the offer price at the tight end of guidance, and Overseas Shipholding Group Inc. cut spreads on its term loans while setting the original issue discount at the high end of talk, upsizing one of its term loans and downsizing its cash-flow revolver.

Also, Solenis International LP (Ashland Water Technologies) updated pricing and the original issue discounts on its term loans, Jacobs Douwe Egberts reduced the sizes of its term loan Bs while widening spreads and original issue discounts, extending the call protection and adding a new delayed-draw term loan A to its capital structure.

In addition, TerraForm Power Inc. tightened the spread and original issue discount on its term loan, and Altegrity Inc. reduced the size of its term loan while sweetening the spread, offer price and call protection.

Furthermore, Advantage Sales & Marketing LLC, AmSurg Corp. and Energy & Exploration Partners LLC disclosed price talk with launch.

Rovi’s credit facility broke for trading on Monday, with the $700 million seven-year covenant-light term loan B quoted at par bid, par ˝ offered and the $125 million five-year term loan A quoted at 99 5/8 bid, par offered, according to a trader.

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