AmeriLife, ABC Financial, McAfee, Tortoise break; Perforce Software, Cepsa revise deadlines

By Sara Rosenberg

New York, June 7 – AmeriLife Group LLC finalized the spreads on its first- and second-lien term loans and tightened the original issue discounts, and ABC Financial Inc. set the issue price on its incremental first-lien term loan at the narrow end of talk, and then both companies’ debt broke for trading on Friday.

AmeriLife’s $285 million first-lien term loan was quoted at par bid, 100½ offered, and the $70 million second-lien term loan was quoted at 99½ bid, par offered, a source said.

ABC Financial’s $115 million incremental term loan was quoted at 99 5/8 bid, 100 1/8 offered, according to a source.

Also, before surfacing in the secondary market, McAfee LLC firmed the issue price on its U.S. incremental term loan at the tight end of guidance and upsized its euro incremental term loan, and Tortoise Borrower LLC changed the original issue discount on its add-on term loan B.

McAfee’s $300 million incremental term loan was seen at 99¾ bid, 100¼ offered, a source added.

Tortoise’s $40 million add-on term loan emerged in the secondary market at par bid, 100¾ offered, a trader said.

In more happenings, Perforce Software Inc. and Compania Espanola de Petroleos SAU (Cepsa) accelerated the commitment deadlines for their term loans.

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