UFC, Avast, Vantage break; Aristocrat, Milk Specialties revised; Engility changes deadline

By Sara Rosenberg

New York, Aug. 3 – UFC Holdings LLC reduced pricing on its second-lien term loan for a second time, and then both its first- and second-lien term loans freed up for trading above their original issue discounts, and deals from Avast Software and Vantage Specialty Chemicals hit the secondary market as well.

UFC’s first-lien term loan was quoted at par bid, 100¾ offered, and the second-lien term loan was quoted at 99¾ bid, 100¾ offered, a source said.

Avast Software’s $1.2 billion six-year term loan was quoted at par bid, 100¼ offered, a market source said.

Vantage Specialty Chemicals’ $85 million add-on first-lien term loan (B2/B-) due February 2021 was seen at 99 3/8 bid, 99 7/8 offered, a trader remarked.

In other news, Aristocrat Leisure Ltd. and Milk Specialties Global both reduced pricing on their first-lien term loans due to strong demand, and Engility Corp. moved up the commitment deadline on its term loans.

Additionally, SolarWinds, CDW LLC, Science Applications International Corp., Aclara Technologies LLC (Meter Readings Holding LLC), WaveDivision Holdings LLC and Oasis Outsourcing Holdings Inc. released talk with launch.

Also, Harbor Freight Tools USA Inc., Continental Building Products Operating Co. LLC, NEW Asurion Corp., Innovation Ventures LLC and Wall Street Systems Holdings Inc. emerged with new deal plans.

In follow up news, UPC Financing Partnership closed on Wednesday on its $2.15 billion eight-year covenant-light term loan AN.

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