Verisk Health breaks; TransDigm dips with acquisition news; BMC Software trades higher

By Sara Rosenberg

New York, May 24 – Verisk Health (VCVH Holding Corp.) saw its credit facility free up for trading on Tuesday, TransDigm Group Inc.’s term loans were lower as the company announced plans to take on additional debt for an acquisition, and BMC Software’s term loan rose on the back of the release of earnings to lenders.

Verisk’s first-lien term loan (B1) was quoted at 99½ bid, 100½ offered, and its second-lien term loan (Caa1) was quoted at 98 bid, according to a market source.

TransDigm’s term loan C was quoted at par bid, 100½ offered, the term loan D was quoted at 99 7/8 bid, 100 3/8 offered, and the term loan E was quoted at 99¼ bid, 99¾ offered, a trader said.

BMC’s term loan was quoted at 88 bid, 89½ offered on Tuesday, a trader said.

Meanwhile, in the primary market, MultiPlan Inc. increased the size of its term loan B, set pricing at the low end of talk, added a step-down, modified the issue price and extended the call protection; Riverbed Technology Inc. firmed the spread on its term loan repricing at the tight end of guidance; and CHG Healthcare Services Inc. accelerated the commitment deadline on its term loan B.

Also, Dell International LLC, J.D. Power, Aspen Dental Management Inc. and Albany Molecular Research Inc. came out with price talk on their loans with launch, Vencore set the new bank meeting date for its credit facilities, and Cushman & Wakefield joined the near-term calendar.

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