Veritext breaks; Cetera, Penn National, Boyd, Frontdoor, Vantage Specialty make revisions

By Sara Rosenberg

New York, Aug. 14 – Veritext Corp.’s credit facilities freed to trade during Tuesday’s market hours, with the first-and second-lien term loans quoted above their original issue discounts.

Over in the primary market, Cetera Financial Group moved some funds between its first-and second-lien term loans, set spreads at the low end of guidance, and revised the original issue discount on the first-lien tranche, and Penn National Gaming Inc. increased the size of its term loan B, trimmed pricing and adjusted the original issue discount.

In addition, Boyd Corp. again reduced pricing on its second-lien term loan and modified the issue price, Frontdoor lowered the spread on its term loan B and tightened the original issue discount, and Vantage Specialty Chemicals Holdings Inc. firmed the issue price on its add-on term loan B at the narrow side of talk.

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