AmWINS, Astoria Energy, Liberty Cablevision, CRGT break; Oasis, GCI tweak deals

By Sara Rosenberg

New York, Dec. 18 – AmWINS Group Inc. finalized the spread on its second-lien term loan at the high side of talk, widened the original issue discount and then freed up for trading on Thursday, and Astoria Energy LLC, Liberty Cablevision of Puerto Rico LLC and CRGT Inc. hit the secondary as well.

In other happenings, Oasis Outsourcing firmed pricing on its first-lien term loan at the tight end of talk and sweetened the call protection and set pricing on its second-lien term loan at the high end of guidance, and General Communication Inc. (GCI) raised the spread on its term loan B and accelerated the commitment deadline.

AmWINS Group firmed pricing on its $250 million second-lien covenant-light term loan (CCC+) due Sept. 6, 2020 at Libor plus 850 basis points, the wide end of the Libor plus 825 bps to 850 bps talk, and moved the original issue discount to 97˝ from 98˝, according to a market source.

The second-lien term loan still has a 1% Libor floor and call protection of 103 in year one, 102 in year two and 101 in year three.

Meanwhile, the company’s $90 million first-lien covenant-light tack-on delayed-draw term loan (B) due Sept. 6, 2019 was unchanged at Libor plus 425 bps with a 1% Libor floor, an original issue discount of 99, and 101 soft call protection for one year.

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