Nine West frees up; Ellie Mae, Allison, Clover Technologies, Qlik release price talk

By Sara Rosenberg

New York, March 19 – Nine West finalized the original issue discount on its first-lien term loan at the wide end of guidance and revised the call protection holiday in the credit agreement.

Then Nine West’s term loan freed up for trading, and levels were quoted at 97˝ bid, 98˝ offered, a source said.

In other news, Ellie Mae Inc., Allison Transmission Inc., Clover Technologies Group (4L Technologies Inc.) and Qlik Technologies Inc. (Project Alpha Intermediate Holding Inc.) announced price talk on their loan transactions with launch.

Also, Carrols Restaurant Group Inc. set timing for the launch of its credit facilities, and Perstorp Holding AB, Sabre Industries and LegalShield surfaced with new deal plans.

Carrols set a lender call for 10:30 a.m. ET on Thursday to launch its previously announced $500 million of senior secured credit facilities, according to a market source.

Perstorp plans to launch new credit facilities, split between a €100 million 6.5-year revolver, a €510 million seven-year covenant-lite first-lien term loan B and a $386,172,000 seven-year covenant-lite term loan B, a market source said.

Sabre Industries scheduled a bank meeting for Thursday to launch a $425 million senior secured first-lien term loan B, a market source said.

LegalShield set a lender call on Wednesday to launch $205 million of add-on term loans, according to a market source.

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