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Published on 6/12/2017 in the Prospect News CLO Daily and Prospect News High Yield Daily.

Fortress, Six Flags, Cinemark, Help/Systems break; TransDigm dips on call to investigate

By Sara Rosenberg

New York, June 12 – Fortress Investment Group LLC, Six Flags Entertainment Corp. and Cinemark USA Inc. all freed up for trading on Monday, and Help/Systems LLC broke after revising the original issue discount on its first-lien term loan.

In other secondary happenings, TransDigm Group Inc.’s term loan F softened on news that Senator Elizabeth Warren wants an investigation into the company’s government contracts.

Back in the primary market, USIC Holdings Inc. raised pricing on its term loan, added a step-down and revised the original issue discount, Penn Engineering & Manufacturing Corp. reworked U.S. and euro term loan sizes, spreads and issue prices, and Superior Industries International Inc. reduced the size of its term loan B while widening the spread and original issue discount and extending the call protection.

Also, Medical Solutions Holdings Inc. shifted some funds between its first-and second-lien term loans and tightened spreads and issue prices on the debt, and Energy Future Intermediate Holding Co. LLC revised plans to request refreshed point-in-time ratings and extended the commitment deadline on its debtor-in-possession financing/exit facility.

Furthermore, Idera, St. George’s University, Western Dental Services (Premier Dental Services Inc.), ADT Corp., WEX Inc., Quincy Media Inc. and Aclara Technologies LLC (Meter Readings Holding LLC) disclosed price talk with launch, and INC Research Holdings Inc., Belmond Interfin Ltd. and Cirque du Soleil Canada Inc. joined this week’s primary calendar.


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