Copeland, Allied Universal break; CommScope up with earnings; First Student down again

By Sara Rosenberg

New York, May 4 – Copeland reduced the size of its term loan B and Allied Universal increased the size of its incremental first-lien term loan B, and then both of these deals freed up for trading on Thursday.

Also in the secondary market, CommScope Inc.’s term loan was stronger after the company released first quarter earnings results that showed year-over-year improvements in net income and EBITDA, and First Student’s (First Student Bidco Inc.) strip of term loan B and term loan C debt dipped lower as it continued to react to a recent downgrade by Moody’s Investors Service.

In more happenings, Global Healthcare Exchange LLC set the spread on its term loan at the low end of guidance and tightened the original issue discount, and Focus Financial, Alterra Mountain Co. and Ryman Hospitality Properties Inc. (RHP Hotel Properties LP) released price talk with launch.

© 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.