Cooper-Standard sets Tuesday bank meeting; Morsco increases spread talk

By Paul A. Harris

Portland, Ore., Oct. 24 – In Monday’s leveraged loan market Cooper-Standard Holdings Inc. announced plans to launch a $340 million term loan at a bank meeting on Tuesday.

And Morsco Inc. increased spread talk on its $300 million covenant-light term loan.

Idera, Inc. has priced $510 million of term loan debt consisting of first-lien and second-lien tranches, according to a market source.

Camping World Good Sam set a Wednesday lender call for its $645 million senior secured term loan B, according to a market source.

ABB Optical Group plans to launch a $48 million senior secured incremental first-lien term loan B on a lender call scheduled for 1 p.m. ET on Tuesday, according to a market source.

Safway Group Holding LLC talked its $160 million senior secured incremental first-lien term loan B (B3/B+) with a 475 bps spread to Libor atop a 1% Libor floor at OID 99 to 99.5, according to a market source.

BMI Healthcare talked its £285 million seven-year term loan B at 99, with a spread in the Libor plus 550-bps area, according to a market source.

And Azelis Finance SA launched a two-part repricing of its senior secured term loan B due Dec. 17, 2022 (B2/B+) with price talk on Monday, according to a market source.

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