Camping World, American Airlines break; Ascena dips with earnings news; Versum cuts spread

By Sara Rosenberg

New York, Sept. 20 – Camping World Good Sam increased the size of its add-on first-lien term loan B and finalized the original issue discount at the tight end of guidance, and then the debt freed up for trading on Tuesday afternoon.

Camping World’s add-on first-lien term loan B (B2/BB) was quoted at 99¾ bid, 100½ offered, a source said.

In more secondary market happenings, American Airlines Group Inc.’s repriced term loan broke above par, and Ascena Retail Group Inc.’s term loan was softer on the back of disappointing quarterly numbers and full year guidance.

American Airlines’ $742.5 million senior secured term loan B due Oct. 10, 2021 was seen at 100 1/8 bid, 100 3/8 offered, a trader said.

Ascena Retail Group’s term loan dropped to 96½ bid, 97½ offered from 97½ bid, 98½ offered, a source remarked.

Back in the primary market, Versum Materials LLC reduced the spread for a second time on its term loan B and removed the leverage-based pricing step-down, and Redbox Automated Retail LLC made changes to amortization and the excess cash flow sweep under its term loan.

Also, American Builders & Contractors Supply Co. Inc., Mohegan Tribal Gaming Authority, Jo-Ann Stores Inc. and Zest Holdings LLC disclosed price talk with launch, and Vantiv Inc. surfaced with new deal plans.

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