Peraton updated; Liftoff/Vungle price talk emerges; primary calendar continues to build

By Sara Rosenberg

New York, Sept. 10 – On Friday, Peraton tightened the original issue discount on its add-on term loan B, and Liftoff Mobile Inc./Vungle Inc. (Mars Borrower LLC) came out with price talk on its term loan B in connection with its lender call.

Also, U.S. Anesthesia Partners, GIP II Blue Holding LP (HESM Holdco), Pactiv Evergreen, DexKo Global, Colonial First State and Global Medical Response joined the near-term primary calendar.

In its deal, Peraton modified the original issue discount on its fungible $240 million add-on term loan B to 99.875 from talk in the range of 99 to 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 375 basis points with a 0.75% Libor floor, and the debt has 101 soft call protection for six months.

Meanwhile, Liftoff Mobile/Vungle held its lender call on Friday and announced talk on its $1.25 billion seven-year senior secured covenant-lite term loan B at Libor plus 375 bps to 400 bps with a 0.5% Libor floor, an original issue discount of 99 to 99.5 and 101 soft call protection for six months, a market source remarked.

The company’s $1.4 billion of credit facilities (B2/B) also include a $150 million revolver.

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