Pomeroy breaks; MSHC tweaks deal; WireCo, Sterling Talent, Waste Industries launch deals

By Sara Rosenberg

New York, July 13 – Pomeroy Group’s credit facility made its way into the secondary market on Wednesday afternoon, with the first-lien term loan bid right around its original issue discount.

Pomeroy Group’s credit facility freed to trade on Wednesday, with the $240 million 5.5-year first-lien term loan quoted at 97 bid, 97½ offered, according to a market source.

Meanwhile, in the primary market, MSHC Inc. (Service Logic) added a leverage-based pricing step-down to its term loan debt, and WireCo WorldGroup Inc., Sterling Talent Solutions and Waste Industries USA Inc. disclosed price talk with launch.

Additionally, Revlon Consumer Products Corp. came out with timing on the launch of its credit facility and Zayo Group LLC surfaced with repricing plans.

Revlon set a bank meeting for 10 a.m. ET in New York on Thursday to launch its previously announced $2.2 billion senior secured credit facility that is split between a $1.8 billion term loan B and a $400 million asset-based revolver, according to a market source.

Zayo Group scheduled a lender call for Thursday to launch a repricing of its existing $361 million term loan B-2 from Libor plus 350 bps with a 1% Libor floor, a market source said.

Cast & Crew Entertainment Services launched its fungible $80 million add-on first-lien term loan with an afternoon call, and lenders were asked to get commitments in by July 21, a market source remarked.

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