Harbor Freight, CDW, Boyd Gaming, Ascend Performance, Grosvenor, Chesapeake Energy break

By Sara Rosenberg

New York, Aug. 16 – In the secondary market on Tuesday, deals from Harbor Freight Tools USA Inc., CDW LLC, Boyd Gaming Corp., Ascend Performance Materials LLC and Grosvenor Capital Management Holdings LLLP all freed up for trading.

Harbor Freight’s $2.2 billion seven-year first-lien term loan was quoted at par bid, 100 3/8 offered.

CDW’s $1.49 billion seven-year term loan B was seen at 99¾ bid, 100¼ offered.

Boyd’s $1 billion seven-year term loan B was quoted at 100 1/8 bid, 100 5/8 offered.

Ascend’s $500 million six-year term loan was quoted at 98½ bid, 99½ offered.

Grosvenor’s $281,636,065 extended term loan B due 2023 was quoted at par bid, 101 offered.

Also, Chesapeake Energy Corp. came out with price talk on its term loan in the morning; then in the afternoon, the size of the loan was increased, the spread finalized at the low end of guidance, and the issue price was revised; and by late day, the debt had made its way into the secondary market.

Continuing on the topic of changes, ESH Hospitality Inc. finalized the spread on its term loan B at the low end of talk, added a step-down and tightened the original issue discount, and XPO Logistics Inc. modified the issue price on its add-on term loan B-2 and adjusted the closing date.

Furthermore, Diamond Resorts International Inc. downsized its term loan B and widened the original issue discount for a second time and extended the call protection.

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