Aristocrat, Vestcom, Crowne break; Zebra, Mattress Firm, Central Security, FHC update deals

By Sara Rosenberg

New York, Sept. 29 – Aristocrat Leisure Ltd.’s credit facility made its way into the secondary market on Monday with the term loan bid around its original issue discount, and Vestcom and Crowne Group LLC began trading as well.

Moving to the primary, Zebra Technologies Corp. adjusted price talk on its term loan B and sweetened the call premium, and Mattress Firm Holding Corp. set the spread on its term loan at the high end of talk, added a step-down and extended the call protection,

Also, Central Security Group Inc. widened pricing and original issue discounts on its term loans, FHC Health Systems Inc. firmed the spread on its term loan at the tight end of talk, Toys ‘R’ Us – Delaware Inc. came out with price talk on its loans with launch, Sensata Technologies BV revealed timing and size on its deal, and Netafim Ltd. emerged with loan plans.

Aristocrat Leisure’s credit facility broke for trading on Monday, with the $1.3 billion seven-year term loan B quoted at 99 bid, 99˝ offered, according to a market source.

Pricing on the term loan is Libor plus 375 basis points with a 1% Libor floor and it was sold at an original issue discount of 99. There is 101 soft call protection for one year.

During syndication, pricing on the loan was flexed from talk of Libor plus 325 bps to 350 bps.

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