Hoffmaster, Accuride, Western Generation free up; Bass Pro, Constellation Brands reworked

By Sara Rosenberg

New York, Nov. 10 – Hoffmaster Group Inc. widened the spread and original issue discount on its second-lien term loan and then the debt broke for trading on Thursday, and Accuride Corp. and Western Generation Partners (WGP Acquisition LLC) hit the secondary market as well.

Hoffmaster’s second-lien term loan was quoted at 97½ bid, 98½ offered, a trader said. Meanwhile, the first-lien term loan was quoted at 99¼ bid, par offered, slightly wider from its break level on Wednesday of 99½ bid, par offered, the trader added.

Accuride’s $225 million seven-year senior secured term loan B was quoted at 98 bid, 98¾ offered, a trader remarked.

Western Generation Partners’ $245 million term loan B was seen at 99¾ bid, 100¼ offered, a source said.

In more happenings, Bass Pro Group LLC downsized its term loan B as a term loan A was added to its transaction and increased price talk on both its term loan B and asset-sale facility, and Constellation Brands Canada Inc. lowered the spread on its term loan B while accelerating the commitment deadline.

Also, SAI Global, Learfield Communications Inc., IPS Corp., Kepro, ION Media Networks Inc. and Equinox Holdings Inc. disclosed talk on their loans with launch.

Additionally, Genesys released price talk on its in-market deal, and Save-A-Lot, Anchor Glass Container Corp., Windstream Holdings Inc. and Packers Holdings LLC joined the near-term new issue calendar.

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