Genoa, American Airlines, Live Nation, ABB/Con-Cise break; Community Health, GNC retreat

By Sara Rosenberg

New York, Oct. 27 – Genoa, A QoL Healthcare Co. LLC and American Airlines Inc. freed up for trading on Thursday, Live Nation Entertainment Inc. emerged in the secondary after pricing on its term loan B finalized at the low end of revised guidance, and ABB/Con-Cise Optical Group LLC broke once its issue price firmed at the midpoint of revised talk.

In more trading news, Community Health Systems Inc.’s term loans retreated on the back of the release of disappointing preliminary financial and operating results for the third quarter, and GNC Holdings Inc.’s term loan softened with its quarterly earnings announcement.

Moving to the primary market, Advanced Disposal Services Inc. reduced the size of its term loan B and modified the original issue discount, and Safway Group Holding LLC accelerated the commitment deadline on its incremental term loan B.

Also, Telenet (Telenet International Finance Sarl/Telenet Financing USD LLC) approached lenders with a refinancing transaction, Sirva, CSRA Inc., Murray Energy Corp. and Planet Fitness Holdings LLC disclosed price talk with launch, and ProAmpac and Garda World Security Corp. joined the near-term calendar.

In other news, Micron Technology Inc. closed on the repricing of its $748,125,000 covenant-light term loan B due April 26, 2022, according to an 8-K filed with the Securities and Exchange Commission.

© 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.