Verifone, API break; Stats sets talk; Berry, Delek, Omnia, Anvil/Smith-Cooper join primary

By Sara Rosenberg

New York, May 6 – Verifone Systems Inc. increased the size of its incremental first-lien term loan and finalized the issue price at the wide end of guidance, and then the debt surfaced in the secondary market, with levels quoted above its original issue discount.

Verifone raised its term loan due Aug. 20, 2025 to $425 million from $300 million and firmed the original issue discount at 99, the wide end of the 99 to 99.5 talk, according to a market source.

The term loan was quoted at 99½ bid, par offered, another source added.

Also, API Technologies Corp. modified the original issue discount on its first-lien term loan B before freeing up for trading on Monday afternoon.

API tightened the original issue discount on its $245 million first-lien term loan B (B2/B) due May 9, 2026 to 99.5 from 99, a market source said.

The term loan B was seen at 99¾ bid, 100¼ offered, the source added.

In more happenings, Stats LLC released price talk with launch, and Berry Global Group Inc., Delek US Holdings Inc., Omnia Partners Inc. and Anvil International/Smith Cooper International hopped on this week’s primary calendar.

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