Riverbed, Calpine, Six Flags, Quincy, Progrexion break; number of primary deals see changes

By Sara Rosenberg

New York, Dec. 19 – Riverbed Technology Inc. set pricing on its term loan B at the low end of guidance and then the debt surfaced in the secondary market, and deals from Calpine Corp., Six Flags Entertainment Corp., Quincy Media Inc. and Progrexion began trading too.

Riverbed’s debt was quoted at 100½ bid, 101 offered.

Calpine’s extended $1.58 billion first-lien term loan B-5 was quoted at 100½ bid, 101 offered.

Six Flags’ $545 million term loan B was quoted at 100¾ bid, 101½ offered.

Quincy Media’s roughly $237 million term loan B was seen at 100¾ bid, 101½ offered.

And Progrexion’s fungible $100 million add-on first-lien term loan was quoted at 99¾ bid, 100½ offered.

Back in the primary market, Information Resources Inc. moved some funds between its first- and second-lien term loans and tightened spread and original issue discount on the first-lien tranche, and Syncsort Inc. lifted pricing on its first- and second-lien term loans and sweetened the call protection on the first-lien piece.

Also, Drive DeVilbiss Healthcare increased its first- and second-lien term loan sizes, widened original issue discount talk on the loans, revised call premiums on the second-lien debt and shortened maturities.

In addition, Sinclair Television Group Inc. finalized pricing on its term loan B at the tight end of talk, modified the issue price and extended the call protection, and Autoparts Holdings (Fram Group Holdings Inc.) reduced the size of its term loan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.