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Published on 9/21/2016 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Landry’s, Versum Materials, LANDesk, ClubCorp, TTM, PlayPower, Fitness International break

By Sara Rosenberg

New York, Sept. 21 – A number of deals freed up for trading on Wednesday, including Landry’s Inc., Versum Materials LLC, LANDesk Software, ClubCorp Club Operations Inc., TTM Technologies Inc. and PlayPower Inc.

Meanwhile, Fitness International LLC (LA Fitness) reduced the size of its incremental term loan B while finalizing the original issue discount at the tight end of talk, and then this debt also made its way into the secondary market.

In other news, Orion Engineered Carbons lowered pricing on its U.S and euro term loan B debt, and Mediware Information Systems Inc. upsized its term loan B and firmed the spread at the low end of guidance.

Additionally, Nexstar Broadcasting Group Inc., Consolidated Communications Inc. and JDA Software Group Inc. accelerated the commitment deadlines on their term loan B’s.

Furthermore, Fort Dearborn Co. (Fortress Merger Sub Inc.), Vivid Seats LLC, Confie Seguros Holding II Co., 84 Lumber Co. and Henry Co. LLC released price talk with launch, and Rocket Software Inc., US LBM Holdings LLC and Chobani joined this week’s new issue calendar.

Rocket Software will hold a bank meeting at 9 a.m. ET in Miami on Thursday to launch an $880 million credit facility.

US LBM set a lender call for 10 a.m. ET on Thursday to launch a fungible $90 million incremental first-lien term loan due Aug. 8, 2022.

Chobani will hold a bank meeting on Thursday morning to launch a $650 million seven-year covenant-light term loan B.


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