Insight Global revises deadline on strong demand; primary continues to see robust activity

By Sara Rosenberg

New York, Sept. 12 – In the primary market on Monday, Insight Global (IG Investment Holdings LLC) accelerated the commitment deadline on its tack-on first-lien term loan as the deal is oversubscribed and the plan is to firm up pricing on Tuesday.

Also, Landry’s Inc., American Bath Group LLC, NXP BV, HD Supply Inc., JDA Software Group Inc., GFL Environmental Inc., LSC Communications Inc., Windstream Services LLC and PlayPower Inc. released price talk with launch.

Furthermore, WellDyneRx Inc. and Donnelley Financial Solutions Inc. began floating guidance on their deals ahead of their bank meetings, Cotiviti Holdings Inc. surfaced with refinancing plans, Fitness International LLC, TTM Technologies Inc. and Tronair joined this week’s new issue calendar, and Matrix Medical Network and Affinity Gaming set timing on the launch of their term loans.

Moving to the secondary market, Cablevision Systems Corp.’s (CSC Holdings LLC) $2.5 billion eight-year term loan B (Ba1) was quoted at 100 1/8 bid, 100 5/8 offered, pretty much unchanged from Friday’s break price of 100 1/8 bid, 100˝ offered, according to a trader.

Also in trading, a $235 million Bid Wanted In Competition emerged, with bids due at 10 a.m. ET on Wednesday, and a $67.7 million BWIC surfaced, with bids also due at 10 a.m. ET on Wednesday, according to traders.

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