TransUnion, Camping World emerge in secondary; Charter dips on Time Warner purchase news

By Sara Rosenberg

New York, May 26 – Deals from TransUnion LLC and Camping World Inc. freed up for trading on Tuesday, with TransUnion’s $1,881,000,000 term loan B-2 due April 2021 quoted in the secondary market at 99 7/8 bid, par 1/8 offered, and Camping World’s $95 million add-on term loan and repriced term loan quoted at par bid, par ¾ offered, a trader said.

In other news, Charter Communications Inc.’s term loans were softer as news emerged that the company agreed to purchase Time Warner Cable Inc.

The company’s term loans E and F dropped to 99 1/8 bid, 99½ offered from 99 5/8 bid, 99 7/8 offered following the announcement that Charter will be taking on substantial debt for the transaction. In a morning conference call on Tuesday, Charter said it has received commitments for more than $31 billion in debt, including $23 billion relating to the $100 per share cash portion of the Time Warner merger, a $4 billion bridge loan, $2 billion for the cash portion of the Bright House acquisition and a $1.7 billion increase to its existing revolver.

Over in the primary market, Hyland Software Inc., Emerging Markets Communications LLC, Penn Engineering & Manufacturing Corp., Retail Solutions Group, Internet Brands Inc., Ineos Finance plc, TransFirst Inc. and Pregis Corp. North America joined this week’s calendar.

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