Bomgar, Press Ganey free up; Pelican tweaks deal; GTT, Hunterstown, Avast, BCP set talk

By Sara Rosenberg

New York, April 17 – Bomgar Corp. finalized the margin on its first-lien term loan at the high end of talk and tightened the original issue discount before breaking for trading on Tuesday, and Press Ganey Holdings Inc.’s term loan debt hit the secondary market too.

Bomgar’s first-lien term loan was quoted at 100½ bid, 101 offered and the second-lien term loan quoted at par bid, 101 offered, a trader said.

Press Ganey’s $90 million incremental first-lien term loan (B2/B) due October 2023 and repriced $838 million term loan (B2/B) due October 2023 also began trading, with levels quoted at 100 3/8 bid on the break and then it moved up to 100½ bid, 100 7/8 offered, according to traders.

In more happenings, Pelican Products Inc. moved some funds between its first- and second-lien term loans and adjusted the spread and issue price on the first-lien tranche.

Also, GTT Communications Inc., Hunterstown Generation (Kestrel Acquisition LLC), R1 RCM Inc., Avast Software and BCP Renaissance Parent LLC (Blackstone) released price talk with launch.

Furthermore, GGP Inc., Albertsons Cos. Inc., Berlin Packaging LLC, Laird plc and Orion Engineered Carbons joined the near-term primary calendar.

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