Asurion, Sirius, AMC break; TeamHealth down on buyout; Level 3 lower with acquisition

By Sara Rosenberg

New York, Oct. 31 – Asurion LLC’s term loan B-5 freed up for trading on Monday, with levels quoted above its original issue discount, and Sirius Computer Solutions Inc. and AMC Entertainment Holdings Inc. emerged in the secondary market as well.

In more trading happenings, TeamHealth Holdings Inc.’s term loan softened with buyout news, and Level 3 Communications Inc.’s term loans headed lower with word that the company is being acquired by CenturyLink.

Also in trading, Systems Maintenance Services’ (SMS) $260 million seven-year first-lien term loan (B2/B+) was seen bid at 99¼ on Monday morning after allocating on Friday, a trader remarked.

Pharmaceutical Product Development LLC (Jaguar Holding Co. II) saw its fungible $460 million add-on first-lien term loan due August 2022 quoted at par bid, 100¼ offered, in line with where it closed out the previous session after breaking earlier that day, according to a market source.

Moving to the primary market, Digital Room Inc. downsized its first-lien term loan while widening the spread and original issue discount and slightly upsized its second-lien term loan, and Expera Specialty Solutions LLC firmed pricing on its term loan B at the low end of guidance.

Also, Garda World Security Corp. and PQ Corp. released price talk with launch, and Alliant Holdings Intermediate LLC, HealthSun, Culligan Holding Inc. and Huntsman International LLC joined this week’s new issue calendar.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.