Chelsea, V. Group break; Charter, Universal Services, AlixPartners, Kenan, Jackson updated

By Sara Rosenberg

New York, July 22 – Chelsea Petroleum Products I LLC and V. Group saw their new deals emerge in the secondary market on Wednesday, and Interline Brands Inc.’s term loan was bid higher with news of its acquisition by The Home Depot Inc.

Switching to the primary, Charter Communications Inc. upsized the total amount of term loan debt it is getting by downsizing its term loan H and adding a new term loan I to the capital structure and disclosed pricing on the tranches.

Also, Universal Services of America moved some funds between its first- and second-lien term loans, firmed the spread on the first-lien debt at the tight end of talk and widened pricing and sweetened call premiums on the second-lien tranche, and AlixPartners LLP tightened the spread and issue price on its term loan B.

In addition, Kenan Advantage Group Inc. reduced the spread on its term debt, Jackson Hewitt Tax Service Inc. widened spread and original issue discount on its term loan, and Numericable moved up the commitment deadline on its deal.

Furthermore, Asurion LLC released price talk with launch, Alion Science and Technology Corp. cancelled its in market refinancing transaction and instead plans to approach lenders with a new credit facility to fund a buyout by Veritas Capital, and Pharmaceutical Product Development LLC (Jaguar Holding Co. II) joined the new issue calendar.

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