DigitalGlobe, Information Resources, MediaOcean, Cheddar’s break; ContextMedia revised

By Sara Rosenberg

New York, Dec. 20 – DigitalGlobe Inc.’s credit facility freed up for trading on Tuesday, with the term loan B quoted above its original issue discount, and Information Resources Inc. and MediaOcean LLC hit the secondary market as well.

Also, Cheddar’s Casual Cafe Inc. broke for trading after a complete restructuring of its transaction that resulted in the removal of a term loan B and the addition of a term loan A and second-lien term loan.

In more happenings, ContextMedia Health LLC widened spread as well as original issue discount on its term loan B and sweetened the call protection, Minimax Viking set the original issue discount on its U.S. term loan B at the tight end of guidance and modified the issue price on its euro term loan B, and Las Vegas Sands LLC moved up the commitment deadline on its term loan B.

In other news, WirePath Home Systems LLC’s $205 million credit facility allocated on Tuesday, according to a market source.

The facility consists of a $25 million five-year revolver and a $180 million six-year term loan priced at Libor plus 500 bps with a 1% Libor floor and an original issue discount of 99.

Six Flags Entertainment Corp. completed its $545 million term loan B priced at Libor plus 225 bps with no Libor floor, a news release said.

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