American Builders, ON Semiconductor, Michaels Stores, Air Canada, Orion, DTI Holdco break

By Sara Rosenberg

New York, Sept. 23 – American Builders & Contractors Supply Co. Inc., ON Semiconductor Corp., Michaels Stores Inc., Air Canada and Orion Engineered Carbons all made their way into the secondary market on Friday, and DTI Holdco Inc. broke after finalizing pricing on its term loan B at the high end of revised talk.

In more happenings, Quality Care Properties Inc. raised the spread, widened the original issue discount and sweetened the call protection on its term loan B, and GFL Environmental Inc. reduced pricing on its U.S. term loan B and increased pricing on its Canadian term loan B.

Also, Nexstar Broadcasting Group Inc. downsized its term loan B while revising the spread, Libor floor and original issue discount, and Coinstar LLC upsized its first-lien term loan, set pricing at the low end of guidance and tightened the issue price.

Additionally, Dexter Axle changed the issue price on its add-on term loan, and Affinity Gaming modified the issue price on its incremental first-lien term loan and reworked its amendment proposal.

Furthermore, Spectrum Brands Inc. came out with price talk on its term loan B with launch, Nielsen Finance LLC emerged with a repricing proposal to its euro term loan B-2, and CCM Merger Inc. (MotorCity Casino Hotel) approached lenders with an incremental term loan B and repricing of its existing term loan B debt.

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