Amaya, Southcross Energy, Southcross Holdings, ALM Media, Mutual Fund free to trade

By Sara Rosenberg

New York, July 29 – Amaya Gaming Group Inc.’s (Amaya BV and Amaya (US) Co-Borrower LLC) credit facility began trading on Tuesday, as did deals from Southcross Energy Partners LP, Southcross Holdings Borrower LP, ALM Media Holdings Inc. and The Mutual Fund Store (TMFS Holdings LLC).

Moving to the primary, Ceridian LLC trimmed the spread on its term loan B-2 and tightened the original issue discount, and Sterigenics International LLC (STHI Holding Corp.) lowered pricing on its term loan.

Also, CSM Bakery Solutions LLC reduced the size of its second-lien tack-on term loan and widened the offer price, and Formula One Group (Delta 2 (Lux) Sarl) finalized pricing on its term loans.

In addition, Albertson’s Holdings LLC (Safeway Acquisition Merger Sub Inc.), Visant Corp., Packaging Coordinators Inc. and HCP Global Ltd. disclosed talk with launch, and TransFirst Holdings Inc. Golden State Medical Supply, Medley LLC, National Veterinary Associates (NVA Holdings Inc.) and NN Inc. joined this week’s calendar.

Amaya Gaming’s credit facility broke for trading on Tuesday, with the $1.75 billion U.S. seven-year first-lien covenant-light term loan (B1/BB) quoted at 99 bid, 99½ offered and the $800 million eight-year second-lien covenant-light term loan (Caa1/B) quoted at 99¾ bid, par ¾ offered, according to a trader.

Pricing on the U.S. first-lien term loan is Libor plus 400 bps with a 1% Libor floor and it was sold at an original issue discount of 99. There is 101 soft call protection for six months.

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