Longview prices atop talk; American Airlines sets talk; TGI Fridays sets lender meeting

By Paul A. Harris

Portland, Ore., April 8 – The LCDX 22 index of bank loan credit default swaps ended the Wednesday session unchanged at 102˝ bid, 103˝ offered, according to a hedge fund manager.

In the primary market Longview Power LLC priced its upsized $300 million Libor plus 600 basis points six-year term loan B at 99.

American Airlines Group Inc. set price talk on its $750 million term loan B.

And TGI Friday’s, Inc. set a Thursday lender meeting for a proposed $207 million fungible tack-on to the first-lien term loan due July 15, 2020.

Polymer Group Inc. priced an upsized $283 million Libor plus 425 bps term loan B (B2/B-) at 99.75 on Wednesday, according to a market source.

Australia-based Leighton plans to syndicate A$800 million equivalent of seven-year term loan B paper, according to a market source.

Access CIG, LLC plans to participate in a lender call on Thursday for a proposed $50 million add-on to its first-lien term loan due October 2021 (B1/B), according to a market source.

Dole Food Co., Inc. set a Thursday lender call to present to investors a proposed $100 million add-on to its first-lien term loan due Nov. 1, 2018 (expected ratings B2/B-), according to a market source.

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