ProAmpac breaks; GTT accelerated; Senneca, Lumos, CityMD, United, AlixPartners set talk

By Sara Rosenberg

New York, April 24 – ProAmpac saw its add-on term loan make its way into the secondary market during Tuesday’s trading session, with levels quoted well above its issue price.

ProAmpac’s fungible $225 million add-on term loan (B3/B) was quoted at 100¾ bid, 101¼ offered, according to a market source.

Meanwhile, in the primary market, GTT Communications Inc. moved up the commitment deadline on its U.S. first-lien term loan.

GTT Communications accelerated the commitment deadline on its $1,331,000,000 seven-year covenant-light first-lien term loan (/B/BB) to 5 p.m. ET on Wednesday from 5 p.m. ET on Thursday, a market source remarked.

The commitment deadline for the company’s €640 million seven-year covenant-light first-lien term loan (/B/BB) is unchanged at 5 p.m. GMT on Thursday, the source added.

Also, Senneca Holdings, Lumos Networks (MTN Infrastructure TopCo Inc.), CityMD (WP CityMD Bidco LLC), United Airlines Inc. and AlixPartners LLP disclosed price talk with launch.

Furthermore, Jordan Health Services (BW NHHC HoldCo Inc.), EnergySolutions LLC and Evans Network of Cos. emerged with new deal plans.

In other news, CommerceHub Inc. expects to complete syndication of its $290 million first-lien term loan this week, according to a market source.

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