PCI Gaming, Liaison, WIRB-Copernicus free to trade; Berry, Installed Building updated

By Sara Rosenberg

New York, Dec. 13 – PCI Gaming Authority firmed pricing on its term loan at the high end of talk and then the debt made its way into the secondary market on Friday.

Specifically, the spread was set at Libor plus 250 basis points, the wide end of the Libor plus 225 bps to 250 bps talk. The loan freed to trade with levels quoted at par ¼ bid, par ¾ offered.

Also, Liaison (LI Group Holdings Inc.) set the spread on its term loan at Libor plus 450 bps, the low end of the Libor plus 450 bps to 475 bps talk, and changed the original issue discount to 99.75 from 99.5.

Recommitments were due at noon ET and the term loan began trading in the afternoon, with levels quoted at par bid, par ½ offered.

WIRB-Copernicus Group freed up as well, with levels seen at 99¼ bid, par offered. Pricing is Libor plus 400 bps with a 1% Libor floor and the loan was sold at an original issue discount of 99.

In other news, Berry Global Group Inc. upsized its term loan Y and is using proceeds from its recent bond offering to repay in full its euro term loan V, and Installed Building Products Inc. finalized the issue price on its term loan B at the tight side of talk.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.