J.D. Power/Autodata tweaked; LifePoint, Westinghouse, Victory, Calpine, ASM set talk

By Sara Rosenberg

New York, Jan. 8 – In the loan market on Wednesday, J.D. Power/Autodata Group modified the issue price on its add-on first-lien term loan due to strong demand and moved up the commitment deadline.

Specifically, J.D. Power/Autodata Group changed the issue price on its fungible $75 million add-on first-lien term loan to par from 99.75, a market source said.

The commitment deadline was accelerated to 5 p.m. ET on Thursday from noon ET on Tuesday, the source added.

The add-on term loan is priced at Libor plus 350 basis points with a 0% Libor floor, which matches existing first-lien term loan pricing.

RBC Capital Markets, KKR Capital Markets, SunTrust Robinson Humphrey Inc. and UBS Investment Bank are leading the deal that will be used to fund an acquisition.

In addition, LifePoint Health Inc., Westinghouse, Victory Capital Holdings Inc., Calpine Corp. and ASM Global (SMG) announced price talk with launch, and LGC Group hopped on to this week’s primary calendar.

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