Tricor/Vistra breaks for trading; Intelsat strengthens on merger chatter; PDC holds call

By Sara Rosenberg

New York, March 29 – Tricor/Vistra (Thevelia (US) LLC) reduced the size of its U.S. incremental term loan B, increased the size of its euro incremental term loan B and firmed the original issue discount on both tranches at the tight end of revised guidance before freeing up for trading on Wednesday.

Also in the secondary market, Intelsat Jackson Holdings SA’s term loan headed higher on news that parent company Intelsat SA is in discussions with SES SA for a potential combination.

Meanwhile, in other happenings, PDC Wellness & Personal Care Co. (Parfums Holding Co. Inc.) approached lenders with an extension of its existing credit facilities, and Banijay joined this week’s primary calendar with a U.S. and euro term loan B that would be used to extend existing term loans.

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