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HCA, Six Flags free to trade; Virgin Media, DuBois, ALKU updates surface
By Sara Rosenberg
New York, Oct. 4 – HCA Inc. finalized the issue price on its term loan at the tight end of guidance before breaking for trading on Friday, and Six Flags Theme Parks Inc.’s term loan emerged in the secondary market as well.
Specifically, HCA set the issue price at par, the tight end of the 99.875 to par talk. The term loan is priced at Libor plus 175 basis points with a 0% Libor floor. The term loan freed to trade on Friday with levels quoted by one trader at par ¼ bid, par ¾ offered.
Six Flags’ term loan began trading with levels quoted at par 1/8 bid, par 5/8 offered. Pricing on the term loan is Libor plus 175 bps with a 0% Libor floor and it was issued at par.
In more happenings, Virgin Media upsized its U.S. and euro term loans, DuBois Chemicals Inc. revised price talk on its first- and second-lien term loans, and ALKU LLC extended the call protection on its term loan B.
Additionally, Golden Nugget LLC (Landry’s Inc.) released price talk on its incremental term loan B with launch, and Garda World Security Corp. scheduled the bank meeting for its term loan B and disclosed price guidance.
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