Townsquare Media breaks; Peabody Energy, ADT, Ferro revise deals; Arclin changes deadline

By Sara Rosenberg

New York, Feb. 7 – Townsquare Media Inc.’s first-lien term loan made its way into the secondary market on Tuesday, and the debt was seen trading above its issue price.

Over in the primary market, Peabody Energy Corp. tightened the spread and original issue discount on its first-lien term loan, and ADT Corp. modified the issue price and the call protection on its incremental term loan B.

Also, Ferro Corp. trimmed pricing on its U.S. term loan B, firmed the spread on its euro term loan B at the low end of guidance and tightened the original issue discount on both tranches, and Arclin accelerated the commitment deadline on first- and second-lien term loans.

In addition, Harland Clarke Holdings Corp. approached lenders with an extension of its term loan B-5 and an incremental term loan B-6, VIP Cinema, Restaurant Brands International Inc. and Infiltrator Water Technologies LLC revealed additional details on their loan transactions with launch.

Furthermore, Salient CRGT Inc., Cypress Semiconductor Corp., St. George’s University and PLZ Aeroscience Corp. surfaced with new deal plans.

© 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.