Greatbatch, Sirius, HelpSystems break; Jarden slips, Visant gains on combination news

By Sara Rosenberg

New York, Oct. 14 – Deals from Greatbatch Ltd., Sirius Computer Solutions Inc. and HelpSystems LLC all freed up for trading on Wednesday, Jarden Corp.’s term debt was slightly softer while Visant Holding Corp.’s term loan was higher after word emerged that Jarden is acquiring Visant, and Pilot Travel Centers LLC’s term loan B weakened with the launch of a repricing proposal.

Switching to the primary market, First Eagle Investment Management Inc. hopped onto this week’s new issue calendar, and Alpha Media surfaced with new deal plans.

First Eagle Investment Management set a bank meeting for 10:30 a.m. ET in New York on Thursday to launch a $1.5 billion senior secured credit facility, according to a market source.

The facility consists of a $150 million revolver and a $1.35 billion term loan B, the source said.

Alpha Media scheduled a bank meeting for Oct. 21 to launch a $285 million first-lien credit facility that consists of a $20 million revolver and a $265 million term loan, a market source said.

The company is also getting a $65 million second-lien term loan has been privately placed, the source said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.