Fiat Chrysler quoted wider with amendment request; PDC plans add-on; AWAS readies extension

By Sara Rosenberg

New York, March 7 – FCA US LLC (Fiat Chrysler Automobiles) saw levels on its term loans widen out a bit in the secondary market on Monday after details surfaced on the company’s planned amendment.

FCA US’ 2017 term loan was quoted at 99 7/8 bid, 100 3/8 offered, versus 99 7/8 bid, 100 1/8 offered on Friday, and the 2018 term loan was quoted at 99 5/8 bid, 100 1/8 offered, compared to 99 5/8 bid, 99 7/8 offered previously, a trader said.

In other happenings, PDC Brands joined this week’s new issue calendar, AWAS Finance is getting ready to bring a term loan extension transaction to market, and Harvey Gulf International Marine LLC set a call to launch an amendment proposal.

PDC Brands emerged with plans to hold a lender call on Tuesday to launch a $40 million add-on term loan, a market source said.

AWAS Finance scheduled a lender call for 11 a.m. ET on Tuesday to launch an extension of its roughly $245 million term loan to June 2018 from June 2016, according to a market source.

Harvey Gulf set a lender call for noon ET on Tuesday to launch an amendment to its term loan A and revolving credit facility, a market source remarked.

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