Global Healthcare breaks; Getty Images declines; Multiple primary deals undergo revisions

By Sara Rosenberg

New York, Aug. 12 – Global Healthcare Exchange LLC’s credit facility surfaced in the secondary market on Wednesday, and Getty Images Inc.’s term loan fell with chatter that the company may be getting new debt.

Global Healthcare Exchange’s $375 million seven-year term loan B was quoted at 99¾ bid, 100¼ offered, according to a trader.

Getty Images’ term loan was quoted by one trader at 65 bid, 67 offered in the afternoon and had traded as low as 62 bid, 65 offered during the session, versus levels on Tuesday of 68 bid, 70 offered. A second trader was quoting the term loan at 64 bid, 67 offered, down from 68¾ bid, 69¾ offered.

Meanwhile, in the primary market, Knowledge Universe Education LLC finalized pricing on its first-lien term loan at the high end of guidance, lifted the spread on its second-lien term loan, widened the original issue discount on both tranches and modified call premiums.

Also, Sitel Worldwide Corp. raised pricing on its first- and second-lien term loans, firmed the issue price on the second-lien tranche at the wide end of talk while sweetening the call protection and shortened maturities.

Furthermore, AMAG Pharmaceuticals Inc. tightened the spread and issue price on its term loan, Vistage lifted the spread on its term loan B, Duff & Phelps Corp. increased pricing on its first-lien term loan debt, and Acrisure LLC changed the original issue discount, call protection and ticking fee on its add-on term loan.

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