Young Innovations, Sage Auto free up; Big Ass Solutions tweaked; Intralinks moves deadline

By Sara Rosenberg

New York, Nov. 6 – Young Innovations Inc. finalized pricing on its $270 million seven-year covenant-light funded first-lien term loan (B2/B-) and $67.5 million seven-year covenant-light first-lien delayed-draw term loan (B2/B-) at Libor plus 400 basis points, the high end of the Libor plus 375 bps to 400 bps talk.

The company also added a 25 bps step-down at less than 4.25 times net first-lien leverage before breaking for trading on Monday, according to a market source.

The term debt still has a 1% Libor floor and an original issue discount of 99.5, the first-lien term loan still has 101 soft call protection for six months, and the delayed-draw loan still has a 12-month delayed-draw period and a ticking fee of 100 bps after 60 days.

Sage Automotive Interiors Inc.’s term loan hit the secondary market on Monday as well.

In more happenings, Big Ass Solutions (Big Ass Fans LLC) trimmed pricing on its term loan and added a step-down, and Intralinks Holdings Inc. accelerated the commitment deadline on its credit facilities.

Also, First Data Corp., Avast Software, American Airlines Inc., United Airlines Inc., Summit Materials LLC, Entercom/CBS Radio, B&G Foods Inc., Excelitas Technologies Corp., Hearthside Group Holdings LLC and Utility One Source (UOS LLC) released price talk with launch.

Furthermore, ON Semiconductor Corp., Lighthouse Network LLC, Vistra Group, LSC Communications Inc. and National Vision Inc. joined this week’s primary calendar.

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