Buckeye, Arnott break; Merlin, Hard Rock, Cooper’s Hawk, Infoblox loan updates surface

By Sara Rosenberg

New York, Oct. 16 – Buckeye Partners LP lowered pricing on its term loan before freeing up for trading on Wednesday above its original issue discount, and Arnott’s (Snacking Investments BidCo Pty Ltd.) term loan emerged in the secondary market too.

In more happenings, Merlin Entertainments plc firmed spreads on its U.S. and euro term loans at the low end of guidance and tightened the original issue discount on the debt, and Hard Rock Northern Indiana (Spectacle Gary Holdings LLC) upsized its term loan and sweetened the spread, Libor floor, issue price and call protection.

Also, Cooper’s Hawk downsized its term loan and widened the spread and issue price, and Infoblox Inc. set the original issue discount on its add-on first-lien term loan at the tight end of talk.

Additionally, Cole-Parmer Instrument Co. (Curie Merger Sub LLC) and MediaOcean LLC released price talk with launch, and National Mentor, Service Properties Trust (Highway Ventures Borrower LLC), Ascensus Inc. and Compassus LLC joined this week’s primary calendar.

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