Six Flags breaks; Direct ChassisLink, Trade Me, Hexion make changes; Momentive accelerated

By Sara Rosenberg

New York, April 11 – Six Flags Theme Parks Inc.’s credit facilities surfaced in the secondary market on Thursday, and the term loan B was seen quoted above its original issue discount price.

Six Flags Theme Parks’ $800 million seven-year term loan B was quoted at par bid, according to a market source.

Moving to the primary market, Direct ChassisLink Inc. widened the original issue discount on its term loan, and Trade Me Group Ltd. (Titan Acquisitionco New Zealand) increased the size of its first-lien term loan, reduced pricing and tightened the issue price.

Additional, Hexion International Holdings BV set the spread on its debtor-in-possession term loan at the low end of guidance and revised the original issue discount, Momentive Performance Materials Inc. (MPM Holdings Inc.) moved up the commitment deadline for its first-lien term loan B, and Kestra Financial Inc. released price talk on its term loan with launch.

Momentive Performance Materials accelerated the commitment deadline for its $839 million five-year covenant-lite term loan B (B1/B+) to noon ET on Monday from 5 p.m. ET on Tuesday, a market source remarked.

In other news, RadNet Management Inc. allocated its fungible $100 million incremental term loan B (B1/B) due June 30, 2023, a market source said.

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