inVentiv, Outerstuff, Surgery break; Southcross, Alion, Miller Heiman, CitiCenter revised

By Sara Rosenberg

New York, July 24 – inVentiv Health Inc. firmed the offer price on its term loan B-4 and Outerstuff LLC set pricing on its term loan at the low end of guidance, and then both deals freed up for trading on Thursday, while Surgery Center Holdings Inc. (Surgery Partners) surfaced in the secondary too.

In more happenings, Southcross Energy Partners LP lowered the spread on its term loan B, tightened the offer price and shortened the call protection, Southcross Holdings Borrower LP upsized its term loan and modified the pricing, discount and call protection, Alion Science and Technology Corp. restructured its first-lien loan debt, and Miller Heiman widened the original issue discount on its add-on loan.

Also, CityCenter Holdings LLC extended the call protection on its loan, and Ceridian LLC and Sterigenics International LLC (STHI Holding Corp.) moved up the commitment deadlines on their deals.

In addition, Vertellus Specialties Inc., NGB Home and National Financial Partners Corp. released price talk with launch, and Penn Engineering & Manufacturing Corp., Bowlmor AMF Corp. and Packaging Coordinators Inc. emerged with new deal plans.

inVentiv Health firmed the offer price on its $445.7 million covenant-light term loan B-4 due May 2018 at par, the low end of the 99¾ to par talk, and left pricing at Libor plus 625 basis points with a 1.5% Libor floor and the 101 soft call protection for one year intact, according to a market source.

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