BMC Software, Atlantic Power, First Eagle, Talen Energy break; Utility One moves deadline

By Sara Rosenberg

New York, April 6 – BMC Software downsized its U.S. term loan, upsized its euro term loan and set the spread on the euro tranche at the tight end of talk before freeing up for trading on Thursday, and Atlantic Power Corp.’s term loan emerged in the secondary market too.

After terms finalized, BMC Software’s U.S. term loan freed to trade on Thursday, with levels seen at 100 1/8 bid, 100½ offered, a source remarked.

Atlantic Power’s $615 million senior secured term loan B due April 2023 broke for trading too, with levels quoted at 101 bid, 102 offered, a market source said.

Also, First Eagle Holdings Inc. upsized its term loan B and finalized the spread at the high end of guidance, and Talen Energy Supply LLC increased the size of its term loan B-2 and updated pricing on the tranche, as well as on its term loan B-1, and then both of these deals broke as well.

Furthermore, Utility One Source (UOS LLC) moved up the commitment deadline on its credit facilities, TravelClick Inc., Checkers Drive-In Restaurants Inc., Authentic Brands Group and Edgewood Partners Insurance Center Inc. released price talk with launch, and Inmar Inc. disclosed guidance on its term loans in preparation for its upcoming bank meeting.

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