Ocwen nears par with financials update and amendment talk; Creative Artists modifies OID

By Sara Rosenberg

New York, April 14 – Ocwen Financial Corp.’s term loan was seen trading close to par during Tuesday’s session in connection with the dissemination of preliminary yearly financial results and indication that a potential loan amendment is in the works.

Ocwen Financial’s term loan was quoted at 99 bid, par offered on Tuesday as the company released preliminary results for its fiscal year 2014 and disclosed that it is talking to senior secured term loan lenders about a potential amendment, according to a market source.

The source said that, prior to Tuesday, he last saw the term loan quoted at 95 bid in early March.

Over in the primary, Creative Artists Agency LLC tightened the original issue discount on its add-on term loan B as a result of strong demand, and 21st Century Oncology Inc. came out with price talk on term loan B with launch.

In addition, HanesBrands Inc. is getting ready to bring a refinancing transaction to market, Securus Technologies Holdings Inc. emerged with incremental term loan plans, and IPC Corp. scheduled a loan lender call.

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