Serta Simmons, Suddenlink, Berlin Packaging, Pro Mach, Virtu Financial, Portillo’s break

By Sara Rosenberg

New York, Oct. 21 – Serta Simmons Holdings LLC’s credit facility emerged in the secondary market on Friday, with both its first- and second-lien term loans quoted above their issue prices, and Suddenlink Communications, Berlin Packaging LLC, Pro Mach Inc., Virtu Financial (VFH Parent LLC) and Portillo’s freed up too.

Over in the primary market, Deluxe Entertainment Services Group Inc. widened the spread and original issue discount on its incremental first-lien term loan, and Dealer Tire LLC upsized its term loan B, firmed pricing at the low end of talk and extended the call protection.

Also, MGM Growth Properties Operating Partnership LP set pricing on its term loan B at the high end of talk and added a step-down, Global Payments Inc. downsized its term loan B as a delayed-draw term loan A-2 was added to its transaction, and firmed the term B spread at the low side of guidance, and Rackspace Hosting Inc. moved up the commitment deadline on its term loan B.

In addition, Advanced Disposal Services Inc. released price talk with launch, Sirius Computer Solutions came to market with a first-lien term loan and Acrisure LLC, Pharmaceutical Product Development LLC (Jaguar Holding Co. II) and Azelis Finance SA revealed that they are getting ready to launch new deals to investors.

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