Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Trade Me Group Ltd. > News item |
PS Logistics, Mister Car Wash, LegalShield free up; Utopia Pipeline shops incremental loan
By Sara Rosenberg
New York, March 27 – PS Logistics set the original issue discount on its $45 million incremental term loan at the wide end of guidance and added call protection, and Mister Car Wash Holdings Inc. increased the size of its incremental first-lien term loan to $60 million, and then both of these deals broke for trading on Wednesday.
PS Logistics’ loan was quoted at 99 5/8 bid, 100 1/8 offered, a source said.
Mister Car Wash’s loan was seen at 99½ bid, par offered, a source added.
LegalShield’s fungible $175.4 million add-on first-lien term loan due May 1, 2025 began trading too, with levels quoted at 98 7/8 bid, 99¼ offered, a trader remarked.
In more happenings, Utopia Pipeline (Riverstone Utopia Member LLC) approached lenders with an incremental term loan B and amendment, and Ultimate Software Group Inc., Trade Me Group Ltd. (Titan Acquisitionco New Zealand) and MW Industries Inc. joined this week’s primary calendar.
Ultimate Software set a bank meeting for Thursday to launch $2,575,000,000 of first-lien credit facilities.
Trade Me Group scheduled a bank meeting for Thursday to launch a $575 million seven-year covenant-lite first-lien term loan.
MW Industries will hold a lender call on Thursday to launch a $50 million incremental first-lien 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.