Rocket Software, Harbortouch, Intrawest Operations break; Confie Seguros reveals changes

By Sara Rosenberg

New York, Oct. 11 – Rocket Software Inc.’s credit facility made its way into the secondary market on Tuesday, with the first-lien term loan quoted above par and the second-lien term loan bid in line with its original issue discount, and Intrawest Operations Group LLC’s repriced term loan began trading too.

Rocket Software’s $675 million seven-year covenant-light first-lien term loan was quoted at 100¼ bid, 100¾ offered, and the $195 million eight-year covenant-light second-lien term loan quoted at 98 bid, par offered, according to a market source.

Intrawest’s $554.5 million covenant-light term loan B due December 2020 was seen at 100¼ bid, 100¾ offered, a source remarked.

Also, Harbortouch LLC moved funds between its term loans, increased pricing and modified the issue price on its second-lien tranche, and then it freed to trade as well. The first-lien term loan was quoted at par bid, 100½ offered, and the second-lien term loan quoted at 99 bid, par offered, a source said.

In more happenings, Confie Seguros Holding II Co. upsized its first-lien term loan B, widened the spread and extended the call protection, Pro Mach Inc. and Husky Injection Molding Systems Ltd. released talk with launch, and SFR Group came to market with a refinancing transaction.

Furthermore, Sage Automotive Holdings Inc., Genoa, A QoL Healthcare Co. LLC, Berlin Packaging LLC, Applied Systems Inc., Surgical Care Affiliates Inc., Mitchell International Inc. and Horizon Pharma plc joined this week’s primary calendar.

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