Dollar Tree, ConvaTec, CAbi break; Sonneborn, Sterling update deals; MRI moves up deadline

By Sara Rosenberg

New York, June 9 – Dollar Tree Inc.’s term loans hit the secondary market during Tuesday’s session, with the floating-rate term loan B seen trading above par, and deals from ConvaTec Inc. and CAbi freed up for trading as well.

Dollar Tree’s $3.3 billion seven-year term loan B was quoted at 100 1/8 bid, 100 3/8 offered, according to a trader.

ConvaTec’s $800 million term loan began trading too, with levels quoted at par bid, 100½ offered, a trader remarked.

And CAbi’s credit facility freed up as well, with the $100 million term loan seen at 99½ bid, 100½ offered, according to a trader.

Moving to the primary market, Sonneborn LLC finalized the spread on its repriced term loan at the low end of guidance, Sterling Holdings Ultimate Parent Inc. (SterlingBackcheck) shifted funds between its first- and second-lien term loans and updated pricing, and MRI Software LLC accelerated the commitment deadline on its credit facility.

Also, StandardAero, PDC Brands, Consolidated Precision Products Corp. (WPP CPP Holdings LLC) and Ravn Alaska disclosed price talk with launch, and Camin Cargo Control released original issue discount guidance on its loan.

Additionally, Endo International plc (Endo Luxembourg Finance Co. I Sarl and Endo LLC), Deltek Inc., LanguageLine Solutions (Language Line LLC), Lantheus Medical Imaging Inc., Anchor Glass Container Corp. and Nord Anglia Education Inc. joined this week’s new deal calendar.

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