Regent, International Market break; SeaWorld dips with earnings; Acosta, Cole-Parmer revised

By Sara Rosenberg

New York, Aug. 13 – Regent Energy Group Ltd. and International Market Centers LP (IMC OP LP) saw their credit facilities make their way into the secondary market on Wednesday, and SeaWorld Parks & Entertainment Inc.’s term loan B dropped on disappointing earnings news.

Over in the primary, Acosta Sales & Marketing adjusted spread and original issue discount talk on its term loan and extended the call protection.

Also, Cole-Parmer Instrument Co. (CPI Buyer LLC) widened pricing and offer prices on its first- and second-lien term loans and sweetened the call premium on the first-lien tranche, and Media General Inc. moved up the commitment deadline on its add-on term loan.

Regent Energy’s credit facility freed up on Wednesday, with the $301 million covenant-light first-lien term loan quoted at 98 bid, according to a market source.

Pricing on the first-lien term loan is Libor plus 500 basis points with a 1% Libor floor, and it was sold at and original issue discount of 97. There is 101 soft call protection for one year.

During syndication, the spread on the first-lien term loan was flexed up from talk of Libor plus 375 bps to 400 bps, the discount widened from 99˝ and the call protection was extended from six months, the source said.

The company’s credit facility also includes a $75 million revolver and a C$140 million covenant-light second-lien term loan.

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