Solera trades lower with Autodata acquisition news; primary sees multiple deal launches

By Sara Rosenberg

New York, Jan. 5 – Solera Holdings Inc.’s term loan B softened in the secondary market on Thursday following word that the company would be taking on incremental term loan debt to finance its acquisition of Autodata.

Solera’s term loan B was quoted at 100¼ bid, 101 offered, down from 101 1/8 bid, 101 5/8 offered, a source said.

Over in the primary market, TeamHealth Holdings Inc., Synchronoss Technologies Inc., Berry Plastics Corp., Optiv Security Inc., Travel Leaders Group LLC, Petco Animal Supplies Inc., Delos Finance Sarl, Ellucian and Montreign Operating Co. LLC released price talk on their new loan transactions with launch.

Additionally, AmWINS Group LLC, Electro Rent Corp. and American Bath Group LLC surfaced with new deal plans, and Zayo Group Holdings Inc. came out with size and timing on its loan.

AmWINS Group scheduled a lender call for 10:30 a.m. ET on Tuesday to launch a $1,375,000,000 credit facility.

Electro Rent set a bank meeting for 10 a.m. ET at the New York Palace Hotel on Monday to launch a $475 million seven-year covenant-light first-lien term loan.

American Bath Group emerged with plans to hold a lender call on Monday to launch an incremental first-lien term loan.

And Zayo Group scheduled a lender call for 11 a.m. ET on Friday to launch a $650 million incremental senior secured term loan B.

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