EVO, LDiscovery, Axalta, E.W. Scripps breaks; RCN Grande, NFP, PSAV deal updates surface

By Sara Rosenberg

New York, Dec. 8 – EVO Payments International shifted funds between its first- and second-lien term loans, and then the debt made its way into the secondary market with the first-lien term loan quoted above its original issue discount.

Also, LDiscovery LLC raised pricing on its first-lien term loan again, and then the first-lien debt as well as a second-lien term loan freed up for trading, and Axalta Coating Systems and E.W. Scripps Co. broke as well.

In other news, RCN Grande (Radiate Holdco LLC) increased the size of its first-lien term loan and lowered the spread, NFP Corp. trimmed pricing on its term loan, and PSAV (AVSC Holding Corp.) finalized the original issue discount on its add-on term loan B at the tight side of guidance.

Furthermore, GTT Communications Inc. and Mister Car Wash accelerated the commitment deadlines on their loan transactions, Atkore International Inc., Flying Fortress Inc. and LegalShield (Pre-Paid Legal Services Inc.) disclosed price talk with launch, and Quincy Media Inc. and SunGard Public Administration and Public Safety surfaced with new deal plans.

Quincy Media set a lender call for 11 a.m. ET on Friday to launch a repricing of its roughly $237 million term loan B.

SunGard Public Administration and Public Safety emerged with plans to hold a bank meeting in New York on Jan. 5 to launch a $435 million credit facility.

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