Altice Financing, Global Knowledge, Charter NEX break for trading; Curo Health updates deal

By Sara Rosenberg

New York, Jan. 30 – Altice Financing SA firmed spreads on its U.S. and euro term loans and then freed up for trading on Friday. Global Knowledge Training LLC and Charter NEX US Holdings Inc. broke as well.

In the primary market, Curo Health Services finalized pricing on its first-lien term loan, Select Staffing (Koosharem LLC) moved up the commitment deadline on its loan, and Veresen Midstream LP and Phoenix Services (Metal Services LLC) joined the near-term calendar.

Altice firmed pricing on its $500 million seven-year first-lien term loan B and €400 million seven-year first-lien term loan B at Libor/Euribor plus 425 basis points, according to a market source.

With final terms completed, its new debt began trading, with the U.S. term loan B quoted at 99¾ bid, par ½ offered and the euro term loan B quoted at par ½ bid, 101½ offered.

Global Knowledge’s credit facility also hit the secondary market, with the $175 million six-year first-lien term loan quoted at 99½ bid, par ½ offered and the $50 million seven-year second-lien term loan quoted at 98½ bid, 99 offered.

Charter NEX’s credit facility also freed up, with the $270 million seven-year first-lien term loan B at 99½ bid, par offered and the $110 million eight-year second-lien term loan at 99½ bid, according to a trader.

Over in the primary, Curo Health Services finalized pricing on its $380 million first-lien term loan at Libor plus 550 bps.

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