Alvogen, Monitronics, CPM, Men’s Wearhouse break; Natel EMS, Pet Supplies updates emerge

By Sara Rosenberg

New York, April 2 – Alvogen’s upsized term loan freed up for trading on Thursday, with levels quoted above its original issue discount, and Monitronics International Inc., CPM Holdings Inc. and Men’s Wearhouse Inc. hit the secondary as well.

Alvogen’s $700 million seven-year senior secured term loan (B3/B) emerged in the secondary market on Thursday, with levels seen at par bid, par ½ offered and an original issue discount of 99½, tightened from 99.

Monitronics’ $550 million incremental seven-year term loan also began trading, with levels quoted at par bid, par 3/8 offered.

Meanwhile, CPM Holdings’$315 million seven-year term loan B was quoted at 99½ bid, a trader said, and Men’s Wearhouse’s $400 million term loan was seen at par ½ bid.

Switching to the primary, Natel EMS upsized its term loan by $20 million to $300 million and reworked the call protection, while Pet Supplies Plus firmed the offer price on its $150 million term debt at the wide end of guidance.

Longview Power LLC moved up the commitment deadline on its $275 million senior secured credit facility to Monday from Wednesday, and Leighton Services (LS Deco LLC) set bank meetings in three separate cities to launch its new A$900 million-equivalent senior secured credit facility, according to a market source.

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