Communications Sales, Milacron, Sesac, NEP break; Avaya loans near par on refinancing plans

By Sara Rosenberg

New York, April 16 – Communications Sales & Leasing Inc., Milacron LLC, Sesac and NEP/NCP Holdco Inc. saw their new bank debt hit the secondary market on Thursday, and Avaya Inc.’s term loans moved closer to par with expectations of paydowns.

Meanwhile, in the primary market, Genoa, A QoL Healthcare Co. LLC shifted some funds between its first- and second-lien term loans, reduced spreads on the tranches, and revised the offer price on the first-lien debt, while Science Applications International Corp. updated pricing and original issue discount on its term loan B.

In addition, Sinclair Television Group Inc. and US LBM tightened original issue discounts on their incremental term loans.

In other news, DJO Finance LLC surfaced with plans for a new deal. The company will hold a bank meeting Monday to launch a $1,175,000,000 credit facility that is expected to allocate later that same week.

The facility, led by Macquarie Capital (USA) Inc., consists of a $150 million asset-based revolver, a $1,005,000,000 first-lien term loan and a $20 million delayed-draw term loan.

Also in the news, Murray Energy Corp. completed its acquisition of a significant economic interest in Foresight Energy GP LLC and Foresight Energy LP. For funding, the company obtained $2 billion of term loans, split between a $300 million two-year term loan B-1 and a $1.7 million five-year term loan B-2.

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