AlliedUniversal breaks; RadNet, Linden Cogeneration, Strategic Partners updates surface

By Sara Rosenberg

New York, June 21 – AlliedUniversal’s (USAGM Holdco LLC) strip of incremental and delayed-draw first-lien term loan debt made its way into the secondary market on Tuesday with levels quoted above its original issue discount.

AlliedUniversal’s strip of $1.26 billion incremental first-lien term loan due 2022 and $250 million delayed-draw first-lien term loan due 2022 were seen at 99¼ bid, 99¾ offered, according to a trader.

Moving to the primary market, RadNet Management Inc. finalized pricing on its term loan B at the wide end of guidance, Linden Cogeneration Power Complex (EFS Cogen Holdings I LLC) upsized its term loan B and firmed the spread at the tight end of talk, and Strategic Partners Acquisition Corp. increased the size of its term loan and reduced pricing.

Also, U.S. Security Associates disclosed price talk with launch, Internet Brands Inc. (MH Sub I LLC and Micro Holding Corp.) and MSHC Inc. (Service Logic) approached lenders with new deals, and Give & Go Prepared Foods Corp. joined this week’s primary calendar.

U.S. Security launched its $450 million term loan B with talk of Libor plus 475 bps with a 1% Libor floor and an original issue discount of 99 to 99.5.

Internet Brands plans to launch $325 million of fungible first-lien term loans.

MSHC launched a $164.8 million five-year senior credit facility.

Give & Go plans to hold a bank meeting on Thursday to launch a $375 million first-lien covenant-light term loan.

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