Presidio, Platform Specialty, Stonewall Gas, Alliant Holdings, Mirion Technologies break

By Sara Rosenberg

New York, Jan. 26 – A number of deals made their way into the secondary market on Monday, including Presidio Inc., Platform Specialty Products Corp./MacDermid Inc., Stonewall Gas Gathering LLC, Alliant Holdings and Mirion Technologies LLC.

Moving to the primary, IPC Corp. revised spreads, original issue discounts, call protection and maturities on its first- and second-lien term loans, and PODS LLC shifted some funds between its first- and second-lien term loans and tightened pricing and discounts on the tranches.

Also, Angus Chemical Co. revised the original issue discount on its term loans, Kaufman Hall & Associates LLC widened pricing and the offer price on its term loan B, and Paris Presents Inc. trimmed spreads on its first- and second-lien debt.

In addition, Caribou Coffee Co. increased pricing on its credit facility, and Global Knowledge Training LLC moved up the recommitment deadline on its credit facility.

Furthermore, Dollar Tree Inc. released price talk on its term loan B with launch, Targa Resources Corp. rescheduled the bank meeting for its term loan, and Acadia Healthcare Co. Inc. joined this week’s calendar.

Presidio’s credit facility began trading on Monday, with the $600 million seven-year first-lien covenant-light term loan seen at 97¼ bid, 98¼ offered, a trader remarked.

Pricing on the term loan is Libor plus 525 basis points with a 1% Libor floor and it was sold at an original issue discount of 97. The debt has 101 soft call protection for one year.

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