Contura, Aveanna, Resolute break; Cyxtera, GEO, Cole-Parmer, Kenan, Camping World revised

By Sara Rosenberg

New York, March 13 – Contura Energy Inc.’s $400 million seven-year covenant-light first-lien term loan (B2/B) freed to trade on Monday, with levels seen at 99 bid, par offered, a market source said.

Pricing on the term loan is Libor plus 500 basis points with a 1% Libor floor, and it was sold at an original issue discount of 99. The loan has 101 soft call protection for one year.

Deals from Aveanna (Epic Health Services/PSA Healthcare) and Resolute Investment Managers also began trading.

Moving to the primary market, Cyxtera Technologies Inc. (Colorado Buyer Inc.) lowered spreads on its first- and second-lien term loans, and GEO Group Inc. increased the size of its term loan B and trimmed the spread as a result of massive oversubscription.

Also, Cole-Parmer Instrument Co. modified the original issue discount on its first-lien term loan, Kenan Advantage Group Inc. tightened the issue price on its add-on term loan, and Camping World Good Sam upsized its add-on term loan.

In addition, RGIS Services LLC revised the date of its bank meeting due to the expected snow storm in New York, and Infogroup Inc., BWAY Holding Co., Nexeo Solutions Holdings LLC and NN Inc. launched their new deals to investors.

Furthermore, Hargray Communications Group Inc., American Teleconferencing Services Ltd. (Premiere Global Services), Commercial Vehicle Group Inc. and Horizon Pharma Inc. joined this week’s primary calendar.

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