Diebold, Alvogen, Blount break; Valeant rises; MGM Growth Properties deal updates surface

By Sara Rosenberg

New York, April 5 – Diebold Inc. reworked size and pricing on its term loan B, and then the U.S. tranche hit the secondary market above its revised issue price, and Alvogen modified the original issue discount on its incremental term loan and broke as well.

Diebold’s U.S. term loan B was quoted by one trader at 99 5/8 bid, 100 1/8 offered and by a second trader at 99¾ bid, 100¼ offered.

Alvogen’s term loan was seen at 99 bid, 99½ offered, a trader said.

In more happenings, Blount International Inc.’s credit facility freed up for trading, and Valeant Pharmaceuticals International Inc.’s term loans were stronger as the company announced the results of its now completed review of Philidor and related accounting matters and changes to its amendment proposal.

Also, MGM Growth Properties Operating Partnership LP lowered price talk on its term loan B and tightened original issue discount guidance, Samsonite revealed price talk on its credit facility with launch, Netsmart Technologies Inc. released tranching and pricing guidance on its buyout financing facility, and Sedgwick Claims Management Services Inc. approached investors with a new term loan.

Furthermore, Protection 1 (Prime Security Services Borrower LLC) came out with timing on the launch of its incremental credit facility for the ADT Corp. buyout and merger transaction, and Novolex joined this week’s new issue calendar.

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