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Samsonite, Atlantic Power, Pharmaceutical Product, Pinnacle break; MKS accelerates deadline
By Sara Rosenberg
New York, April 13 – Samsonite’s credit facility freed up for trading during Wednesday’s market hours, with the term loan B quoted above its original issue discount, and Atlantic Power LP (APLP Holdings LP) broke as well.
Samsonite’s $675 million seven-year term loan B was quoted at par bid, 101 offered, according to a trader.
Atlantic Power’s $700 million seven-year term loan B was quoted at 97¼ bid, 98¼ offered, a market source said.
Also, Pharmaceutical Product Development LLC (Jaguar Holding Co. II) tightened the original issue discount on its tack-on term loan, and Pinnacle Entertainment Inc. firmed pricing on its downsized term loan B at the low end of revised talk, and then both deals began trading too.
Pharmaceutical Product Development’s tack-on first-lien term loan was quoted at 99¼ bid, 99¾ offered, a source said.
Pinnacle Entertainment’s term loan B was by one source at par bid, 100½ offered.
In more happenings, MKS Instruments Inc. moved up the commitment deadline on its term loan B to noon ET on Thursday from 5 p.m. ET on Friday, and SiteOne Landscape Supply joined this week’s new issue calendar.
SiteOne plans to hold a bank meeting in New York at 2:30 p.m. ET on Thursday to launch a new $250 million six-year first-lien term loan, a market source remarked.
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