Smyrna Ready Mix, Victra disclose price talk; Tank, Skillsoft, Century Casinos on deck

By Sara Rosenberg

New York, March 14 – In the primary market on Monday, Smyrna Ready Mix Concrete LLC and Victra (LSF9 Atlantis Holdings LLC) released pricing guidance on their loan transactions in connection with their lender calls.

Smyrna Ready Mix Concrete announced talk on its $650 million seven-year term loan B (Ba3/B+) at SOFR+CSA plus 400 basis points with a 0.5% floor, an original issue discount of 97.5 to 98 and 101 soft call protection for six months, according to a market source.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, the source said.

Victra came out with talk of SOFR plus 700 bps to 725 bps with a 0.75% floor, an original issue discount of 98 and 101 soft call protection for one year on its $600 million seven-year term loan B (B2/B/B+) that launched with a call in the afternoon, a market source remarked.

The term loan has a springing maturity to November 2025, three months inside of its 7¾% senior secured notes due February 2026.

In addition, Tank Holding Corp., Skillsoft Corp. and Century Casinos Inc. all joined this week’s new issue calendar.

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