Asurion, Hill-Rom, Ardent, PLZ, Mohegan break; Quality Distribution, Linxens revise deals

By Sara Rosenberg

New York, July 30 – Asurion LLC’s term loans made their way into the secondary market on Thursday, and Hill-Rom Holdings Inc., Ardent Legacy Acquisitions Inc., PLZ Aeroscience Corp. and Mohegan Tribal Gaming Authority freed up too.

Meanwhile, in the primary market, Quality Distribution Inc. moved some funds between its first- and second-lien term loans, updated pricing and call protection on the tranches and widened the original issue discount on the second-lien debt.

In addition, Linxens lowered spreads on its euro first- and second-lien term loans, and Alion Science & Technology Corp. (Dysart Merger Sub Inc.) moved up the commitment deadline on its credit facility.

Furthermore, US LBM Holdings LLC and PetroChoice Holdings Inc. revealed talk with launch, and Amaya Gaming Group Inc. came out with original issue discount guidance.

KIK Custom Products Inc., AMAG Pharmaceuticals Inc. and Osmose Holdings joined the near-term calendar.

KIK will hold a bank meeting on Tuesday to launch a $1,075,000,000 credit facility consisting of a $225 million asset-based revolver and $850 million term loan.

AMAG has also scheduled a bank meeting for Tuesday, with plans to launch its $350 million term loan.

Finally, Osmose’s bank meeting on Wednesday will help launch the company’s $435 million credit facility, consisting of a $45 million revolver and term loans of $275 million and $115 million.

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