| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Six Flags Theme Parks Inc. > News item |
Consol breaks; Allison updates deal; Staples, Six Flags, Direct Chassis, E.W. float talk
By Sara Rosenberg
New York, March 26 – Consol Energy Inc.’s term loan B made its way into the secondary market on Tuesday and was seen trading above its original issue discount.
Consol Energy’s $275 million 5.5-year covenant-lite term loan B (Ba3/BB) was quoted at 99¾ bid, 100¾ offered, according to a market source.
Meanwhile, in the primary market, Allison Transmission Inc. set the spread on its term loan B at the low end of guidance and tightened the issue price.
Also, Staples Inc., Six Flags Theme Parks Inc., Direct ChassisLink Inc. (Drive Chassis Holdco LLC), E.W. Scripps Co., Greenhill & Co. Inc. and Lonestar II Generation Holdings LLC released price talk with launch, and Servpro emerged with plans to bring a new loan transaction to market.
Servpro expects to hold a bank meeting next week to launch $440 million of term loans, split between a $315 million first-lien term loan and a $125 million second-lien term loan, a market source remarked.
In other news, Carbonite Inc. completed its acquisition of Webroot Inc., a Broomfield, Colo.-based cybersecurity company, for about $618.5 million, a news release said.
To help fund the transaction, Carbonite got a new $550 million seven-year senior secured term loan B (B1/B) priced at Libor plus 375 bps with a 0% Libor floor and sold at an original issue discount of 99.
© 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.