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Playtika frees to trade; Mirion Technologies, Tank Holding release OID price talk
By Sara Rosenberg
New York, Dec. 3 – Playtika Holding Corp.’s $2.5 billion five-year covenant-lite first-lien term loan B freed up for trading on Tuesday, with levels quoted at 98¼ bid, 98¾ offered.
Pricing on the term loan B is Libor plus 600 basis points with a 1% Libor floor and it was sold at an original issue discount of 98. The debt has 101 soft call protection for one year.
Meanwhile, over in the primary market, Mirion Technologies Inc. came out with original issue discount talk of 99.75 on its fungible $66 million add-on covenant-lite first-lien term loan B due March 2026 shortly before its afternoon lender call kicked off. The add-on term loan is priced at Libor plus 400 bps with a 0% Libor floor.
Tank Holding Corp. held its lender call in the morning and, before the event began, original issue discount talk in the range of 99.5 to 99.75 was announced on its proposed fungible $30 million add-on covenant-lite first-lien term loan B due March 2026. Pricing on the add-on term loan is Libor plus 400 bps with a 0% Libor floor.
Canister International Group Inc. set a bank meeting for 12:30 p.m. ET in New York on Wednesday to launch $525 million of credit facilities.
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