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EisnerAmper tweaks deal, breaks for trading; Packers Holdings price talk surfaces
By Sara Rosenberg
New York, Aug. 16 – EisnerAmper LLP (Eisner Advisory Group LLC) finalized the spread on its term loans at the low end of guidance and made a number of changes to documentation, and then the debt made its way into the secondary market on Monday.
In more happenings, Packers Holdings LLC (PSSI) released price talk on its incremental first-lien term loan in connection with its lender call.
EisnerAmper set pricing on its $440 million of term loans (B-/B+) at Libor plus 525 basis points, the low end of the Libor plus 525 bps to 550 bps talk, according to a market source.
Recommitments for EisnerAmper’s term loan debt were due at 10:30 a.m. ET on Monday and the debt broke for trading later in the day, with levels quoted at 99¼ bid, 99¾ offered, another source added.
EisnerAmper is a New York-based professional services firm with a full suite of accounting, tax and advisory services.
Packers Holdings held its call on Monday morning and announced original issue discount talk of 98.5 on its fungible $165 million incremental senior secured first-lien term loan (//B) due March 9, 2028, according to a market source.
The incremental term loan is priced at Libor plus 325 bps with a 0.75% Libor floor.
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