Shoes for Crews, Allison Transmission, Oasis Outsourcing, West break; Americold sets changes

By Sara Rosenberg

New York, Nov. 20 – Belk Inc.’s term loan B began trading on Friday, with levels quoted above its original issue discount, and Shoes for Crews, Allison Transmission Inc. and Oasis Outsourcing freed up as well.

Belk’s $1.5 billion seven-year first-lien covenant-light term loan B (B2/B+) was quoted at 89½ bid, 90½ offered, according to a trader.

Shoes for Crews’ $233 million seven-year covenant-light first-lien term loan B (B2) was quoted at 99 bid, 99½ offered, according to a trader.

Allison Transmission’s fungible $189 million add-on senior secured covenant-light term loan B-3 was seen at 99 5/8 bid, 100 1/8 offered, a trader said.

Oasis Outsourcing’s fungible $80 million add-on first-lien term loan began trading too, with levels quoted at 99 bid, par offered, a trader remarked.

In more happenings, West Corp. raised pricing on its term loan B-11 and modified original issue discount talk.

With final terms in place, West Corp.’s debt freed to trade in the afternoon and levels were seen at 99¼ bid, 99¾ offered, a trader remarked.

Furthermore, Americold Realty Operating Partnership LP widened spread and issue price on its term loan B while also extending the call protection, and Equinix Inc. released price talk on its term loan with launch.

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