Waste Industries frees up; Reynolds, Acrisure, Sterling Talent, Cast & Crew revise deals

By Sara Rosenberg

New York, July 20 – Waste Industries USA Inc. saw its repriced term loan make its way into the secondary market on Wednesday, with levels quoted above its original issue discount.

Waste Industries’ $691 million term loan due February 2020 had levels quoted at 99 7/8 bid, 100¼ offered, a trader said.

Meanwhile, in the primary market, Reynolds Group Holdings Inc. updated pricing on its U.S. and euro term loans and tightened original issue discounts, and Acrisure LLC upsized its add-on term loan and firmed the issue price at the tight side of guidance.

Also, Sterling Talent Solutions increased the size of its add-on term loan and modified the issue price, and Cast & Crew Payroll LLC made a small adjustment to the original issue discount on its add-on first-lien term loan and accelerated the commitment deadline.

In addition, Revlon Consumer Products Corp. revised the deadline on its term loan B and disclosed details on the ticking fee, and PrimeLine Utility Services LLC moved up the commitment deadline on its add-on term loan.

Furthermore, Broadcom Ltd. released price talk on its loan with launch, UFC came out with timing on the launch of its term loan B, and Safway Group Holding LLC, Vantage Specialty Chemicals and WCA Waste Corp. surfaced with new deal plans.

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