Bank Loan Calendar: $32.492 billion deals being marketed

October Bank Meetings

BUCKEYE PARTNERS LP: Bank meeting Oct. 7; $2.35 billion senior secured credit facilities (//BB+); Credit Suisse, Goldman Sachs, BofA Securities, CIBC, MUFG, National Australia Bank, SunTrust and TD Securities; $600 million revolver; $1.75 billion seven-year covenant-lite first-lien term loan, 0% Libor floor, 101 soft call for six months; help fund buyout by IFM Investors; Houston-based owner and operator of integrated midstream assets.

GOLDEN NUGGET LLC: Lender call Oct. 4; $300 million incremental term B due Oct. 4, 2023 talked at Libor plus 275 bps, 0.75% Libor floor; Jefferies and Deutsche Bank; fund acquisition of Del Frisco’s Double Eagle Steakhouses and the Del Frisco’s Grilles from L Catterton; diversified restaurant, hospitality, entertainment and gaming company.

Upcoming Closings

ALDEVRON LLC: $1.125 billion credit facilities; Morgan Stanley, Antares and Goldman Sachs; $125 million five-year revolver (B1/B); $740 million seven-year covenant-lite first-lien term B (B1/B) at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; $260 million privately placed eight-year covenant-lite second-lien term loan; fund acquisition of a majority interest in the company by EQT Partners AB; Fargo, N.D., supplier of nucleic acids, proteins and antibodies.

ALKU LLC: $248 million credit facilities (B2/B-); Societe Generale and SunTrust; $30 million revolver; $218 million term B at Libor plus 550 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by FFL Partners; Andover, Mass., provider of temporary and contractual consultants in the technology, healthcare IT, life sciences and government sectors.

ALLISON TRANSMISSION INC.: Expected closing Oct. 11; $648 million senior secured covenant-lite term B due March 29, 2026 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Citigroup; repricing; Indianapolis-based automatic transmission company and supplier of hybrid-propulsion systems.

ARNOTT (SNACKING INVESTMENTS BIDCO PTY LTD.): $500 million term loan (B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; KKR (left on U.S), Jefferies (left on Australian) and Barclays; also $100 million revolver, A$300 million term loan and A$90 million delayed-draw term loan; help fund buyout by KKR from Campbell Soup Co.; Sydney, Australia, food company.

AUTOKINITON GLOBAL GROUP: $475 million senior secured credit facilities; Goldman Sachs, BofA Securities, Barclays, RBC and KKR; $125 million incremental ABL revolver; $250 million term B (B2/BB-) due May 2025 at Libor plus 575 bps, 0% Libor floor, OID 95, 101 soft call; $100 million pre-placed term A (BB-) due March 2024 at Libor plus 525 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of Tower International Inc.; New Boston, Mich., supplier of metal-formed components and complex assemblies to the automotive industry.

B&G FOODS INC.: Expected closing Oct. 11; $450 million seven-year covenant-lite term B (Ba2/BB) at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Barclays, Deutsche Bank, RBC, BofA Securities, BMO, Goldman Sachs, JPMorgan and Credit Suisse; help redeem notes and pay down revolver borrowings; Parsippany, N.J., manufacturer, seller and distributor of shelf-stable food, frozen food and household products.

BELLRING BRANDS LLC: $1.02 billion credit facilities (B2/B); Credit Suisse, BofA Securities, Morgan Stanley, Goldman Sachs, Citigroup, JPMorgan and Barclays; $200 million revolver; $820 million seven-year covenant-lite first-lien term loan talked at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; repay corporate debt concurrent with IPO; St. Louis-based active nutrition brand.

COADVANTAGE (AQ CARVER BUYER INC.): $500 million credit facilities; Deutsche Bank, Antares and Madison Capital; $45 million revolver (B2/B); $325 million six-year covenant-lite first-lien term loan (B2/B) at Libor plus 500 bps, 1% Libor floor, OID 99, 101 soft call; $130 million eight-year covenant-lite second-lien term loan (Caa2/CCC); help fund buyout by Aquiline Capital Partners from Morgan Stanley Capital Partners; Tampa, Fla., professional employer organization and a provider of strategic human resource solutions.

COOPER’S HAWK: $225 million seven-year term loan (B3/B-) talked at Libor plus 575 bps to 600 bps, 0% Libor floor, OID 99, 101 soft call; BofA Securities, Jefferies and RBC; refinance a bridge note; experiential restaurant concept and wine club.

DELEK US HOLDINGS INC.: $150 million add-on covenant-lite term B (BB+) due March 30, 2025 talked at Libor plus 225 bps, 0% Libor floor, OID 98.76, 101 soft call for six months; Wells Fargo; add cash to the balance sheet for future investment in gathering and processing assets; Brentwood, Tenn., Permian-based integrated downstream energy company.

DUBOIS CHEMICALS INC.: $760 million of term loans; JPMorgan and Antares; $510 million seven-year first-lien term B (B2/B-) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $110 million delayed-draw first-lien term loan (B2/B-); $140 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 825 bps to 850 bps, 0% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Altas Partners from the Jordan Co. LP; Sharonville, Ohio, provider of specialty cleaning chemical solutions.

EDGEWELL PERSONAL CARE CO.: $1.6 billion senior secured credit facilities (Ba2/BB-); BofA Securities, MUFG, Barclays, TD Securities, Standard Chartered, BMO, SunTrust and Wells Fargo; $425 million revolver; $575 million term A; $600 million seven-year covenant-lite term B at Libor plus 300 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund acquisition of Harry’s Inc.; Shelton, Conn., consumer products company.

FLEXITALLIC: $200 million term B (B-) talked at Libor plus 600 bps, 0% Libor floor, OID 98, 101 soft call for six months; Natixis and Bank of Ireland; refinance existing debt; Houston-based manufacturer and supplier of static sealing solutions.

GUIDEHOUSE: $915 million of incremental loans; RBC, Macquarie, UBS and Credit Suisse; $75 million incremental revolver; $640 million incremental covenant-lite first-lien term loan (B1/B-) at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; $200 million incremental covenant-lite second-lien term loan (Caa1/CCC) at Libor plus 850 bps, 0% Libor floor, OID 98.5, call protection 102, 101; help fund acquisition of Navigant Consulting Inc.; provider of management consulting services.

HARD ROCK NORTHERN INDIANA (SPECTACLE GARY HOLDINGS LLC): $350 million six-year first-lien term loan (including $25 million delayed-draw) (B3/B-) talked at Libor plus 800 bps to 825 bps, 1% Libor floor, OID 98, non-call 18 months, 102, 101; Credit Suisse and Wells Fargo; fund construction of the Hard Rock Northern Indiana; land-based casino in Gary, Ind.

HCA INC.: $1.478 billion term loan talked at Libor plus 175 bps, OID 99.875 to par; BofA Securities; repricing; Nashville, Tenn., health care services provider.

HIGH LINER FOODS INC.: $300 million term B (B3/B) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99; RBC; refinance existing term B; Lunenburg, N.S., processor and marketer of frozen seafood.

HIGHTOWER HOLDINGS LLC: $180 million of incremental term loans; Antares; $135 million incremental first-lien term loan talked at Libor plus 500 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $45 million incremental delayed-draw first-lien term loan talked at Libor plus 500 bps, 1% Libor floor, OID 99.5; fund planned acquisitions; Chicago-based provider of a wealth management platform to financial advisors and their clients.

INMARSAT: Expected closing mid-November; $2.45 billion credit facilities (B1/B+); Barclays, BofA Securities, UBS, BNP Paribas, HSBC, ING, Natixis, NatWest, SMBC, MUFG, DNB, Scotia and Mizuho; $700 million revolver; $1.75 billion seven-year term B at Libor plus 450 bps, 1% Libor floor, OID 98, 101 soft call; help fund buyout by Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board; London-based satellite telecommunications company.

INNOVACARE (MMM HOLDINGS LLC): $630 million credit facilities (B1/B+); Credit Suisse and Goldman Sachs; $80 million revolver; $550 million seven-year covenant-lite first-lien term loan talked at Libor plus 525 bps to 550 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Summit Partners; Fort Lee, N.J., healthcare delivery system.

IRIDIUM SATELLITE LLC: $1.55 billion credit facilities (B1/B+); Deutsche Bank, Barclays, Credit Suisse, Wells Fargo and Societe Generale; $1.45 billion seven-year covenant-lite term B talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; $100 million five-year revolver; help refinance existing export credit facility; McLean, Va., satellite communications company.

KANTAR: Up to $2.9 billion equivalent credit facilities (B1); BofA Securities (left on U.S.), Goldman Sachs (left on euro), Morgan Stanley, Barclays, Credit Suisse, Deutsche Bank, HSBC, Mizuho, Natwest, Nomura and RBC; $400 million revolver; $2.5 billion equivalent U.S. and euro seven-year term B and bonds, loans talked at Libor/Euribor plus 425 bps to 450 bps, 0% floor, OID 99, 101 soft call for six months; help fund buyout by Bain Capital from WPP; data, research, consulting and analytics company.

LIVE NATION ENTERTAINMENT INC.: $1.85 billion senior secured credit facilities (Ba1/BB); JPMorgan, Goldman Sachs, BofA Securities, Citigroup, HSBC, Mizuho, Morgan Stanley, MUFG, Scotia, SunTrust and Wells Fargo; $500 million revolver; $400 million delayed-draw term A; $950 million term B talked at Libor plus 175 bps, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; refinance existing debt and general corporate purposes; Beverly Hills, Calif., provider of live music concerts and live entertainment ticketing sales and marketing services.

MEDICAL SOLUTIONS: $386 million of incremental loans; UBS, ING and Madison Capital; $20 million incremental revolver; $291 million incremental first-lien term loan (B1) at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $75 million incremental second-lien term loan (Caa1) at Libor plus 875 bps, 1% Libor floor, OID 98, call protection 102, 101; help fund acquisition of C&A Industries Inc.; Omaha, health care staffing company.

MERLIN ENTERTAINMENTS: New credit facilities; BofA Securities (left on U.S.), Deutsche Bank (left on euro), Barclays, HSBC, Mizuho, UniCredit, SMBC, Bank of China and Santander; £941 million equivalent U.S. seven-year covenant-lite term B, 101 soft call for six months; £1.252 billion equivalent euro seven-year covenant-lite term B, 101 soft call for six months; $172.5 million delayed-draw term loan; help fund buyout by Kirkbi, Blackstone and Canada Pension Plan Investment Board; Poole, England, operator of hotels and holiday attractions.

MONOTYPE IMAGING HOLDINGS INC.: $625 million senior secured credit facilities; Deutsche Bank, Antares, Macquarie and BNP Paribas; $50 million revolver (B2/B-); $440 million seven-year covenant-lite first-lien term loan (B2/B-) at Libor plus 525 bps, 0% Libor floor, OID 98, 101 soft call; $135 million privately placed second-lien term loan; help fund buyout by HGGC; Woburn, Mass., provider of type related software solutions and technologies.

PATRIOT RAIL & PORTS: $325 million credit facilities (B2/B); RBC and Barclays; $40 million revolver; $285 million seven-year term B talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by First State Investments; Jacksonville, Fla., owner of a portfolio of short-line railroads, port terminals and related infrastructure assets.

PROQUEST: $725 million seven-year first-lien term B (B2/B) talked t Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Goldman Sachs; refinance existing term B; Ann Arbor, Mich., provider of digital content and Software as a Service solutions primarily for the academic community.

QUALTEK USA LLC: Expected closing Oct. 14 week; $100 million add-on senior secured covenant-lite term B due July 18, 2025 at Libor plus 625 bps, 1% Libor floor, OID 98, 101 soft call for six months; Citigroup, Fifth Third and SMBC; fund acquisitions, refinance existing debt and general corporate purposes; King of Prussia, Pa., provider of turnkey services to the telecommunications, infrastructure and power industries.

SIX FLAGS THEME PARKS INC.: $798 million term B due April 17, 2026 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Wells Fargo; repricing; Grand Prairie, Tex., regional theme park company.

SPRINGER NATURE: $934 million term B talked at Libor plus 350 bps, 0% Libor floor, OID 99.5; JPMorgan; also €2.17 billion term B; extension; Germany-based scientific publishing company.

SRS DISTRIBUTION INC.: $250 million incremental term loan (B3/B) talked at Libor plus 400 bps to 425 bps, OID 99; BofA Securities, Barclays and UBS; repay revolver borrowings and fund future acquisitions; McKinney, Texas, roofing products distributor.

STONEPEAK LONESTAR: $800 million term B (B1) talked at Libor plus 425 bps, 0% Libor floor, OID 99; Macquarie, Natixis and Credit Agricole; recapitalization; holder of interests in midstream assets.

SYNCSORT: $825 million of bank debt; Jefferies, Credit Suisse, Golub, Antares, Barclays, Deutsche Bank, SunTrust and UBS; $125 million revolver due Aug. 16, 2022; $600 million incremental first-lien term loan (B2) due Aug. 16, 2024 talked at Libor plus 500 bps, 0% Libor floor, OID 99; $100 million privately placed incremental second-lien term loan (Caa2) due Aug. 15, 2025; help fund acquisition of Pitney Bowes’ software solutions business; Pearl River, N.Y., enterprise software provider.

US ECOLOGY INC.: $450 million seven-year covenant-lite term B (Ba3/BB+) at Libor plus 250 bps, step-down to Libor plus 225 bps if corporate family ratings are Ba2 and BB with stable outlooks, 0% Libor floor, OID 99.75, 101 soft call for six months; Wells Fargo and BofA Securities; refinance NRC Group Holdings Corp.’s existing debt, pay transaction related fees in connection with the all-stock acquisition of NRC and repay revolver borrowings; Boise, Idaho, provider of environmental services to commercial and government entities.

VIRGIN MEDIA: Roughly $2.5 billion 8.25-year U.S. term N and 9.25-year euro term O talked at Libor/Euribor plus 250 bps, 0% floor, OID 99.75, 101 soft call for six months; JPMorgan (left on U.S.), Deutsche Bank (left on euro), BNP Paribas, Credit Agricole, Goldman Sachs, ING, Lloyds, NatWest, Societe General and Scotia; refinance existing term B; Hook, England, provider of broadband, TV, mobile phone and home phone services.

VIRTU FINANCIAL LLC (VFH PARENT LLC): Expected closing in October; $525 million incremental senior secured first-lien term loan (//BB-) due March 1, 2026 at Libor plus 350 bps, 0% Libor floor, OID 99.875, 101 soft call until March 2020; Jefferies; redeem second-lien notes; New York-based financial services firm.

VISION INTEGRATED GRAPHICS GROUP: $95 million of incremental bank debt; BNP Paribas; $5 million incremental revolver; $90 million incremental first-lien term loan talked at Libor plus 625 bps, 1% Libor floor; help fund an acquisition; Bolingbrook, Ill., provider of tech-enabled marketing solutions.

On The Horizon

ATLAS TECHNICAL CONSULTANTS INC. (BOXWOOD MERGER CORP.): Up to $400 million senior secured credit facilities; Macquarie and Natixis; $40 million five-year revolver expected at Libor plus 425 bps, 1% Libor floor; $290 million seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 1% Libor floor, 101 soft call for six months; $70 million eight-year covenant-lite second-lien term loan expected at Libor plus 825 bps, 1% Libor floor, call protection 102, 101; help fund acquisition of Atlas Intermediate Holdings LLC; Austin, Tex., provider of professional testing, inspection, engineering and consulting services.

CENTURY CASINOS INC.: $180 million senior secured credit facilities; Macquarie; $10 million five-year revolver; $170 million seven-year term loan; fund acquisition of the operations of Isle Casino Cape Girardeau, Lady Luck Caruthersville and Mountaineer Casino, Racetrack and Resort from Eldorado Resorts Inc.; Colorado Springs, Colo., casino entertainment company.

COLE-PARMER INSTRUMENT CO.: New loan; Jefferies; help fund buyout by GTCR; Vernon Hills, Ill., provider of fluid handling, test & measurement, environmental and biosciences instrumentation and associated consumables.

ELANCO ANIMAL HEALTH INC.: $3.75 billion credit facilities; Goldman Sachs; $750 million revolver; $3 billion of term loans; help fund acquisition of Bayer AG’s animal health business; Greenfield, Ind., animal health company.

ELDORADO RESORTS INC./CAESARS ENTERTAINMENT CORP.: $6.4 billion credit facilities; JPMorgan (left on Eldorado), Credit Suisse (left on Caesars), Macquarie, BofA Securities, Deutsche Bank, Goldman Sachs, SunTrust, U.S. Bank, KeyBanc, Fifth Third and Citizens; $1 billion revolver at Eldorado expected at Libor plus 325 bps, 0% Libor floor; $3 billion seven-year covenant-lite term B at Eldorado expected at Libor plus 350 bps, 0% Libor floor, 101 soft call for six months; $2.4 billion seven-year covenant-lite term B at Caesars Resorts Collection expected at Libor plus 325 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of Caesars; Reno, Nev., gaming company.

FRANCHISE GROUP INC.: New debt financing; help fund acquisition of Vitamin Shoppe Inc.; Virginia Beach, Va., indirect parent company of Liberty Tax Service and Buddy’s Home Furnishings.

GARDA WORLD SECURITY CORP.: $1.773 billion senior secured credit facilities; JPMorgan, BofA Securities, Barclays, TD Securities, Jefferies, RBC, Scotia and UBS; $335 million five-year revolver; $1.438 billion seven-year term loan; help fund buyout by BC Partners from Rhone Capital and refinance existing debt; Montreal-based provider of cash logistics and security solutions.

GENESEE & WYOMING INC.: $3.15 billion senior secured credit facilities; Credit Suisse, Wells Fargo, Citigroup, RBC, BMO, Scotia, TD Securities, Barclays and MUFG; $600 million revolver; $2.55 billion of term loans; help fund buyout by Brookfield Infrastructure and GIC; Darien, Conn., owner of short line railroads.

MORPHE HOLDINGS: New debt financing; Jefferies; help fund buyout by General Atlantic; beauty company.

NGL ENERGY PARTNERS LP: New debt financing; Barclays and Jefferies; help fund acquisition of Hillstone Environmental Partners LLC from Golden Gate Capital; Tulsa, Okla., vertically integrated energy company.

NORTHWEST FIBER LLC: New debt financing; help fund acquisition of Frontier Communications Corp.’s operations and associated assets in Washington, Oregon, Idaho and Montana by WaveDivision Capital LLC and Searchlight Capital Partners LLC.

PRESIDIO INC.: $1.375 billion senior secured credit facilities; Citigroup, JPMorgan, RBC, BofA Securities and MUFG; $100 million revolver; $250 million asset-based facility; $1.025 billion first-lien term loan; help fund buyout by BC Partners; New York-based IT solutions provider.

SIMPLY GOOD FOODS CO.: New debt financing; Barclays, Credit Suisse and Goldman Sachs; help fund acquisition of Quest Nutrition LLC; Denver-based developer, marketer and seller of nutritional foods and snacking products.

T-MOBILE USA INC.: $8 billion senior secured credit facilities; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, RBC, BNP Paribas, Commerzbank, Credit Agricole, TD Securities and Wells Fargo; $4 billion five-year revolver expected at Libor plus 125 bps, 0% Libor floor; $4 billion seven-year covenant-lite term loan expected at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; refinance existing debt in connection with merger with Sprint Corp. and fund working capital needs; Bellevue, Wash., communications services company.

WESCO AIRCRAFT HOLDINGS INC.: $1.175 billion senior secured credit facilities; BofA Securities; a $375 million asset-based revolver; $800 million term loan; help fund buyout by Platinum Equity and combination with Pattonair; Valencia, Calif., distributor and provider of supply chain management services to the aerospace industry.

ZAYO GROUP HOLDINGS INC.: $6.74 billion senior secured credit facilities; Credit Suisse, Morgan Stanley, Citigroup, Deutsche Bank, SunTrust and TD Securities; $500 million multi-currency revolver; $6.24 billion of term loans; help fund buyout by Digital Colony Partners and the EQT Infrastructure IV fund and refinance existing debt; Boulder, Colo., provider of mission-critical bandwidth to companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.