Energizer, Kronos break; Virgin Media, Valeant, Infiltrator, Flint, TouchTunes tweak deals

By Sara Rosenberg

New York, May 20 – Energizer SpinCo Inc.’s credit facility made its way into the secondary market on Wednesday, with the term loan B seen trading above par, and Kronos Worldwide Inc.’s repriced loan freed up as well.

In the primary, Virgin Media upsized its term loan F and modified the original issue discount, and Valeant Pharmaceuticals International Inc. firmed its term loan D repricing at the wide end of talk and terminated plans for a term loan C repricing.

Also, Infiltrator Systems Integrated LLC shifted funds between its term loans and updated pricing, discount and call protection on the first-lien debt, and Flint Group (Colouroz Investment) downsized its U.S. term loan in favor of more euro term loan debt.

In addition, TouchTunes Interactive Networks Inc. set spreads on its first- and second-lien term loans while adjusting issue prices, Bombardier Recreational Products firmed the Libor floor on its repricing at the high end of talk and extended the call protection, and Camping World Inc. finalized the discount on its add-on term loan at the tight end of guidance.

Furthermore, Informatica Corp. and Sage Products Holdings III LLC came out with price talk on their deals, New Media Investment Group Inc. brought an add-on loan to market, CommScope Inc. revealed timing on the launch of its incremental term loan, and U.S. Shipping Corp. and Technicolor (Tech Finance & Co. SCA) emerged with new deal plans.

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