Ascena Retail slides some more; TeamHealth, Hearthside, Berry Plastics, Delos changes emerge

By Sara Rosenberg

New York, Jan. 11 – Ascena Retail Group Inc.’s term loan continued to retreat in trading on Wednesday on the back of sales numbers and a lowered earnings outlook, and two $300 million-plus Bid Wanted In Competition’s surfaced.

Ascena Retail Group’s term loan was quoted at 93½ bid, 94½ offered, down from 93¾ bid, 94¾ offered at the end of the day on Tuesday, a source said. Prior to the news, the loan was 96½ bid, 97¼ offered.

Moving to the primary market, TeamHealth Holdings Inc. increased the size of its term loan B, revised the original issue discount and extended the call protection, and Hearthside Group Holdings LLC modified the issue price on new money commitments for its term loan B.

Also, Berry Plastics Corp. changed the issue price on its term loan J, Delos Finance Sarl tightened the issue price on its term loan, and Optiv Security Inc. and SunGard Public Sector moved up the commitment deadlines on their credit facilities.

Furthermore, Grifols and KIK Custom Products Inc. disclosed price talk with launch, TransDigm Group Inc. released details on its refinancing transaction, NRG Energy Inc. approached lenders with a repricing proposal, and Shoes for Crews revealed original issue discount guidance on its add-on term loan.

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