Radiology Partners, Netsmart break; Charter NEX, BGIS, Twin River, Midcoast tweak deals

By Sara Rosenberg

New York, May 2 – Radiology Partners Inc. modified the original issue discount on its incremental first-lien term loan B, and then the debt emerged in the secondary market on Thursday, and Netsmart Inc.’s add-on term loan freed up too.

Radiology Partners’ $240 million incremental first-lien term loan B was quoted at 99¾ bid, 100½ offered, a trader said.

Netsmart’s fungible $48 million add-on covenant-lite first-lien term loan was quoted at 99 3/8 bid, par offered, according to a market source.

In more happenings, Charter NEX US Inc. increased the size of its incremental first-lien term loan, lowered the spread and tightened the issue price, and BGIS (Brookfield Global Integrated Solutions) reduced pricing on its first-lien term loan and adjusted the original issue discount.

Additionally, Twin River Management Group Inc. revised the spread and original issue discount on its term loan B, and AL Midcoast Holdings LLC changed the issue price on its incremental first-lien term loan.

Furthermore, Tamko Building Products Inc. and API Technologies Corp. moved up the commitment deadlines for their first-lien term loans B to Friday from Tuesday and Monday, respectively, and Stats LLC emerged with new deal plans.

Stats set a lender presentation for noon ET on Monday to launch a $400 million first-lien term loan, according to a market source.

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