Sitel Worldwide, Townsquare Media update deals, free to trade; Anaren add-on loan breaks

By Sara Rosenberg

New York, Aug. 21 – Sitel Worldwide Corp. added a ticking fee to its term loans and then the debt began trading on Friday, and Townsquare Media Inc. firmed the original issue discount on its add-on term loan within talk and then it too freed to trade.

After terms firmed up, Sitel’s credit facility broke for trading, with the first-lien term loan quoted at 99 bid, 99½ offered and the second-lien term loan quoted at 98 bid, 98½ offered, a trader remarked.

With final terms in place, Townsquare Media’s add-on loan hit the secondary market and was quoted at 99½ bid, par offered on the break before moving up to 99 5/8 bid, 100 1/8 offered, a trader added.

Also hitting the secondary market during the session was Anaren Inc.’s add-on term loan.

Anaren’s fungible $30 million add-on first-lien term loan (B+) began trading with levels seen at 99 bid, par offered, a trader remarked.

And, back in the primary, Sterigenics International Inc. finalized the issue price on its add-on term loan at the tight end of guidance.

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