Asurion’s $910 Million of Loans Rise in Initial Trading
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Asurion Corp.’s $910 million of loans to refinance debt rose in initial trading, according to data provider Markit Group Ltd.
The $610 million first-lien term loan began trading at 99.4 cents on the dollar, according to Markit. The debt was sold to investors at 98.5 cents, according to data compiled by Bloomberg. A $300 million second-lien term loan that was sold to investors at par began trading at 101.73 cents, according to Markit.