Bioclinica, Vizient, Beasley break; CBS Radio, ConvergeOne, Matrix Medical revise deals

By Sara Rosenberg

New York, Oct. 6 – Bioclinica’s credit facility surfaced in the secondary market on Thursday, with both its first- and second-lien term loan quoted above their original issue discounts, and Vizient Inc. and Beasley Broadcast Group Inc. freed to trade too.

Bioclinica’s $445 million seven-year covenant-light first-lien term loan (B1/B) was quoted at par bid, 100˝ offered, and the $210 million eight-year covenant-light second-lien term loan (Caa2/CCC) was quoted at 98˝ bid, 99˝ offered, according to a trader.

Vizient’s $1,122,000,000 term loan B due February 2023 was seen at 100 5/8 bid, 101 1/8 offered, a source said.

Beasley Broadcast’s $265 million seven-year term loan B was quoted at 98˝ bid, 99˝ offered, a trader remarked.

Over in the primary market, CBS Radio Inc. increased the size of its term loan B and decreased the size of its bond offering, ConvergeOne Holdings Corp. completely reworked its deal to include an add-on first-lien term loan and leave the existing term loans in place as opposed to doing a full refinancing, and Matrix Medical Network downsized its term loan, increased spread talk, widened the original issue discount and shortened the maturity.

Also, Serta Simmons Holdings LLC, Augusta Sportswear Group, Sedgwick Claims Management Services Inc. and FLY Leasing disclosed price talk with launch, and Forterra Finance LLC, Energy Future Intermediate Holding Co. LLC and Pro Mach Inc. emerged with new deal plans.

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