HCA breaks atop OID; AWAS Finance, PDC Brands set price talk; Survey Sampling OID surfaces

By Sara Rosenberg

New York, March 8 – HCA Holdings Inc.’s term loan B-6 made its way into the secondary market on Tuesday, and the debt was seen trading above its original issue discount.

HCA Holdings’ $1.5 billion seven-year term loan B-6 (Ba1/BBB-/BB+) was seen at 100 1/8 bid, 100 3/8 offered, according to a trader.

Meanwhile, in the primary market, AWAS Finance released price talk on its proposed extended term loan with launch, PDC Brands disclosed guidance on its add-on loan, and Survey Sampling International LLC came out with original issue discount talk on its add-on first-lien term loan.

AWAS Finance held its call on Tuesday morning, launching its proposed roughly $245 million extended term loan due June 2018 with talk of Libor plus 325 basis points to 350 bps with a 0.75% Libor floor, a 75-bps extension fee/original issue discount on rollover/upsized commitments and 101 soft call protection for six months, a market source said.

PDC Brands released talk of Libor plus 500 bps with a 1% Libor floor and an original issue discount of 98.5 on its $40 million add-on term loan that launched with a call during the session, according to a market source.

Survey Sampling also held a lender call, at which point its fungible $30 million add-on first-lien term loan was launched with original issue discount talk of 99, a market source remarked.

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