Vistra Energy, Air Canada, TransUnion free up; MediaOcean moves up commitment deadline

By Sara Rosenberg

New York, Nov. 13 – Vistra Energy (Vistra Operations Co. LLC) reduced the size of its first-lien term loan B-3 to $2.7 billion from $2.798 billion and firmed the issue price at par, the tight end of the 99.875 to par talk.

As before, the loan is priced at Libor plus 175 basis points with a 0% Libor floor and has 101 soft call protection for six months.

Recommitments were due at noon ET on Wednesday and the deal freed to trade in the afternoon at par ¼ bid, par ½ offered.

Additionally, Air Canada set the issue price on its $592 million term loan B due 2023 at par, the tight end of the 99.875 to par talk.

The term loan is still priced at Libor plus 175 bps with a 0% Libor floor and has 101 soft call protection for six months.

During the session, the term loan made its way into the secondary market and was quoted at par ¼ bid, par ¾ offered.

TransUnion LLC’s $2.6 billion seven-year covenant-lite term loan B-5 hit the secondary market as well, with levels quoted at par ¼ bid, par ½ offered.

Furthermore, MediaOcean LLC accelerated the commitment deadline for its term loan B, Playtika Holding Corp. and Booz Allen Hamilton Inc. disclosed price talk with launch, and Upland Software Inc. emerged with new deal plans.

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