Media General, Tribune, Spencer Spirit break; Anchor Glass, Minerals Technologies revised

By Sara Rosenberg

New York, June 22 – Media General Inc.’s term loan B hit the secondary market during Monday’s session, with the debt bid right around its issue price, and Tribune Media Co. and Spencer Spirit began trading as well.

Over in the primary market, Anchor Glass Container Corp. lowered pricing on its term loan, added a step-down and tightened the original issue discount.

The company trimmed the spread on its $465 million seven-year first-lien term loan by 25 basis points. The original issue discount was revised to 99.5 from 99. Credit Suisse Securities and Barclays are leading the deal.

In other news, Minerals Technologies Inc. moved some funds between its term loan B and fixed-rate loan, updated issue prices on the tranches and set pricing on the fixed-rate debt at the wide end of talk.

In addition, Hamilton Lane Advisors LLC released price talk on its term loan with launch, and OCI Beaumont LLC and CGG Holding (U.S.) Inc. joined this week’s primary calendar.

In other news, Alliance HealthCare Services Inc. completed its $30 million incremental first-lien term loan due 2019.

The incremental term loan was priced in line with the company’s existing $477 million first-lien term loan and sold at an original issue discount of 99.5. Credit Suisse was the lead bank on the deal.

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