Visant, Media General, Datapipe free to trade; Getty Images retreats; SeaWorld down again

By Sara Rosenberg

New York, Aug. 14 – Visant Corp. added a ticking fee to its term loan and then freed up for trading on Thursday afternoon, and Media General Inc. and Datapipe Inc. hit the secondary as well.

Also in trading, Getty Images Inc.’s term loan B softened on quarterly numbers, and SeaWorld Parks & Entertainment Inc.’s term loan B continued to fall on the back of its disappointing earnings.

Moving to the primary, Travelport LuxCo upsized its term loan B, raised the spread, adjusted the pricing step-down, reworked the original issue discount and extended the call protection, and Prestige Brands Inc. increased pricing on its term loan B.

In addition, NN Inc. widened the spread and offer price on its term loan, and Acosta Sales & Marketing finalized pricing on its term loan at the wide end of revised talk and adjusted the original issue discount.

Furthermore, EP Minerals LLC moved some funds between its term loans, firmed spreads and widened the discount on the second-lien tranche, and Bioplan/Arcade Marketing pulled its credit facility from market with the intention being to relaunch the transaction next month.

Visant added a ticking fee to its $775 million seven-year first-lien term loan of half the spread from days 31 to 60 and the full spread thereafter, according to a market source.

Pricing on the loan remained at Libor plus 600 basis points with a 1% Libor floor and an original issue discount of 98.

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