National Veterinary, Alpha Media free up; Imagine! Print discloses price talk with launch

By Sara Rosenberg

New York, Feb. 24 – National Veterinary Associates’ (NVA Holdings Inc.) incremental term loan made its way into the secondary market on Wednesday, with levels quoted above its original issue discount, and Alpha Media broke for trading as well.

National Veterinary Associates’ $115 million incremental term loan was seen at 97¾ bid, 98¾ offered, according to a trader.

Pricing on the term loan is Libor plus 450 basis points with a 1% Libor floor, and it was sold at an original issue discount of 97.5.

Alpha Media’s $265 million six-year first-lien term loan (B+) freed up for trading too, with levels quoted at 95 bid, 96 offered, a market source remarked.

Pricing on the first-lien term loan is Libor plus 600 bps with a 1% Libor floor, and it was sold at an original issue discount of 95.

Moving to the primary market, Imagine! Print Solutions LLC came out with price talk on its term loan B in connection with its bank meeting.

Imagine! launched its $320 million six-year term loan B with talk of Libor plus 600 bps to 625 bps with a 1% Libor floor, an original issue discount of 97 and 101 soft call protection for six months, a market source said.

The company’s $360 million credit facility (B2/B) also includes a $40 million five-year revolver.

Commitments are due on March 9, the source added.

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