Allen Media, AmeriLife set talk; Gardner Denver kicking off $1.9 billion on Monday

By Paul A. Harris

Portland, Ore., Jan. 23 – On Thursday Allen Media talked its $530 million seven-year term loan B with a 550 basis points spread to Libor at 99.

Commitments are due Feb. 5.

Proceeds will be used to help fund the acquisition of 11 broadcast television stations from USA Television Holdings LLC and USA Television MidAmerica Holdings LLC, and to refinance existing debt.

AmeriLife Holdings LLC talked its $465 million seven-year covenant-lite first-lien term loan (B2/B) with a 425 to 450 bps spread to Libor at 99.5.

Proceeds will be used to finance the buyout of the Clearwater, Fla.-based insurance company by Thomas H. Lee Partners.

Debt financing will also include a $75 million revolver and a privately placed $115 million second-lien loan.

And the market heard that Gardner Denver Holdings, Inc. plans to launch a $1.9 billion term loan B at a Monday lender meeting.

The Milwaukee, Wis. based provider of industrial equipment and technology plans to use the proceeds to finance the combination of Gardner Denver and Ingersoll Rand Industrial, and to refinance the existing Gardner Denver dollar- and euro-denominated term loan B facilities with extended facilities.

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