Imagine! Print breaks; Give & Go, Advanced Integration revise deals; PrimeLine talk emerges

By Sara Rosenberg

New York, July 11 – Imagine! Print Solutions LLC’s add-on term loan B made its way into the secondary market on Monday with levels quoted above its original issue discount.

Imagine! Print Solutions’ fungible $50 million add-on term loan B was quoted at 100 3/8 bid, 100 7/8 offered, according to a trader.

Moving to the primary market, Give & Go Prepared Foods Corp. raised pricing on its first-lien term loan and made a number of documentation changes, and Advanced Integration Technology LP reduced the size of its term loan, while sweetening the spread and call protection.

Give & Go Prepared Foods lifted pricing on its $375 million first-lien covenant-light term loan (B1/B) to Libor plus 550 bps from talk of Libor plus 450 bps to 475 bps, while leaving the 1% Libor floor and original issue discount of 99 unchanged, according to a market source.

Advanced Integration Technology trimmed its first-lien term loan to $225 million from $315 million, increased pricing to Libor plus 550 bps from Libor plus 500 bps, extended the 101 soft call protection to one year from six months, shortened the maturity to five years from seven years and removed the MFN sunset, a market source remarked.

Also, PrimeLine Utility Services LLC released price talk on its add-on term loan with launch, and WireCo WorldGroup Inc. came out with timing and structure on its proposed credit facility.

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