Pilot Travel, Learfield break; Station Casinos dips on refi news; NXP lower with repayment

By Sara Rosenberg

New York, May 18 – Pilot Travel Centers LLC’s term loan B made its way into the secondary market on Wednesday, with levels quoted above its original issue discount, and Learfield Communications Inc.’s incremental first-lien covenant-light term loan broke following an upsizing.

Pilot Travel Centers’ $1,427,000,000 seven-year term loan B was seen at 99¾ bid, 100¼ offered, according to a trader.

Learfield Communications raised its first-lien term loan to $100 million from $50 million. With final terms in place, the loan freed to trade, with levels quoted at par bid, 100½ offered, a source said.

Also in trading, Station Casinos LLC’s term loan B weakened with the emergence of refinancing plans, and NXP (NXP BV/NXP Funding LLC) saw its term loan B move down closer to par with paydown news.

Station Casinos’ term loan B dropped to par bid, 100¼ offered from 100¼ bid, 100 5/8 offered, according to a trader.

NXP’s senior secured term loan B dipped to par bid, 100 3/8 offered from 100¼ bid, 100½ offered, a trader said.

Switching back to the primary market, MultiPlan Inc. and Verisk Health (VCVH Holding Corp.) moved up the commitment deadlines on their loan deals, AdvancePierre Foods Inc., Allnex (Allnex Sarl and Allnex USA Inc.), Western Refining Inc. and MI Windows and Doors LLC released price talk with launch, and Yum! Brands Inc. hopped onto the near-term new issue calendar.

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