Qlik, Action Holding term loans free to trade; Ciena, Minimax Viking updates surface

By Sara Rosenberg

New York, Oct. 19 – Qlik (Project Alpha Intermediate Holding Inc.) shifted its term loan B back to an all U.S. structure as plans for a euro term loan were eliminated, finalized the spread and original issue discount at the wide end of guidance, and made some revisions to documentation before breaking for trading on Thursday.

Another deal to make its way into the secondary market during the session was Action Holding BV’s (Peer Holding III BV/Peer USA LLC) term loan B-4.

In more happenings, Ciena Corp. firmed the issue price on its term loan B at the tight end of revised talk, Minimax Viking set the margin on its U.S. and euro term loans at the low end of guidance and revised the original issue discount talk, and KITO Crosby (Crosby US Acquisition Corp.) joined the near-term primary calendar.

On Thursday afternoon, Qlik’s term loan broke for trading, with levels quoted at 98 bid, 98½ offered, a trader added.

Morgan Stanley Senior Funding Inc., BMO Capital Markets, Goldman Sachs Bank USA, HSBC Securities (USA) Inc., BofA Securities Inc., Citigroup Global Markets Inc., Mizuho and Bank of Nova Scotia are leading the deal that will be used to refinance the outstanding debt of Qlik and Talend and to pay related fees and expenses.

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