Caesars Growth, Asurion break atop par; Inmar, Garda, Radio Systems, Accuride update deals

By Sara Rosenberg

New York, April 24 – Caesars Growth Properties Holdings LLC’s incremental first-lien term loan and repriced term loan hit the secondary market on Monday above their issue price, and Asurion LLC’s term loan B-5 freed to trade as well.

Switching to the primary market, Inmar Inc. trimmed spread on its first- and second-lien term loans and added a step-down to the first-lien tranche, and Garda World Security Corp. is considering downsizing its term loan B to accommodate the potential results of a bond redemption offer.

Also, Radio Systems Corp. lowered pricing on its term loan B, added a step-down and set the issue price at the tight side of guidance, and Accuride Corp. revised the original issue discount on its add-on term loan B.

In addition, Misys Ltd. accelerated the commitment deadline on its credit facilities, and Truck Hero Inc. joined this week’s primary calendar.

© 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.