Citrix term loan B bounces from down to up in volatile market; Latam sets price talk

By Sara Rosenberg

New York, Sept. 23 – Citrix Systems Inc.’s (Tibco Software Inc.) term loan B started Friday’s trading session heading lower once again but, by late afternoon, levels moved higher to end the day slightly better than the previous close.

Citrix Systems’ $4.05 billion 6.5-year term loan B moved around quite a bit on Friday, starting the day lower from previous levels and then bouncing back to close out higher on the day, according to sources.

One source had the term loan quoted at 89 bid, 90 offered in the morning, before rebounding to 89¾ bid, 90¾ offered by late afternoon. He had the loan closing out Thursday at 89¼ bid, 90¼ offered.

The source explained that it’s a large piece of paper that probably had some more trading activity in it, resulting in the upward movement.

Moving to the primary market, Latam Airlines released price talk on its term loan B in connection with its lender call.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.