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Published on 12/4/2009 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $11.644 billion deals being marketed

DECEMBER BANK MEETINGS

MEG ENERGY CORP.: Bank meeting Dec. 8; $450 million credit facility (B2); Barclays and Credit Suisse; $300 million term loan due early 2016; $150 million revolver due early 2013; fund future expenditures; Calgary, Alberta, oil sands development company.

PINNACLE FOODS GROUP LLC: Bank meeting Dec. 7; $770 million incremental senior secured bank debt (B2); Barclays Capital, Credit Suisse, Bank of America, HSBC and Macquarie Capital; $750 million incremental term C talked at Libor plus 500 bps, 2.5% Libor floor, OID 98; $20 million incremental revolver; help fund acquisition of Birds Eye Foods Inc. from Vestar Capital Partners, Pro-Fac Cooperative and management; Cherry Hill, N.J., manufacturer and distributor of branded packaged foods.

TARGA RESOURCES INC.: Bank meeting Dec. 8; $700 million senior secured credit facility; Deutsche Bank, Credit Suisse and Citadel; $150 million 41/2-year revolver; $550 million 61/2-year term loan; refinance notes and bank debt; Houston-based provider of midstream natural gas and natural gas liquid.

UPCOMING CLOSINGS

ADVO SERVICES: $93 million credit facility; GE Capital; $10 million revolver; $83 million term loan; help fund buyout by GI Partners; behavioral health company.

ALLION HEALTHCARE INC.: $115 million credit facility; Fifth Third Bank; $20 million revolver at Libor plus 550 bps, 2% Libor floor; $95 million term loan at Libor plus 550 bps, 2% Libor floor; help fund buyout by H.I.G. Capital LLC; Melville, N.Y., provider of specialty pharmacy and disease management services.

ATI HOLDING CO.: $200 million senior secured credit facility (B1); Goldman Sachs; $35 million revolver; $165 million term loan talked at Libor plus 500 bps, 2.25% Libor floor, OID to be determined; help fund buyout by BC Partners from the Riverside Co.; Dallas-based operator of career training centers.

BOOZ ALLEN HAMILTON INC.: $350 million term loan add-on (Ba2) talked at Libor plus 400 bps, 2% Libor floor, OID 99; Credit Suisse and Bank of America; pay a dividend and retire a portion of a deferred payment obligation; McLean, Va., strategy and technology consulting firm.

BUTLER SCHEIN ANIMAL HEALTH: $330 million credit facility (B1/BB); JPMorgan; $300 million term B talked at Libor plus 350 bps, 2% Libor floor, OID 99; $30 million revolver talked at Libor plus 350 bps; help fund combination of Henry Schein Inc.'s U.S. animal health businesses and Butler Animal Health Supply, and to refinance debt; Dublin, Ohio, companion animal health distribution company.

DATATEL INC.: $305 million credit facility; Credit Suisse; $40 million five year revolver (Ba3) talked at Libor plus 450 bps, 2% Libor floor; $165 million six-year first-lien term loan (Ba3) talked at Libor plus 450 bps, 2% Libor floor, OID 98; $100 million seven-year second-lien term loan (B3) talked at Libor plus 900 bps, a 2% Libor floor, OID 97; help fund buyout by Hellman & Friedman LLC from Thoma Bravo; Fairfax, Va., provider of higher education software, services and insight.

EDUCATION AFFILIATES LLC: $110 million senior secured credit facility; GE Capital and BMO Capital Markets; $20 million revolver talked at Libor plus 550 bps, 2.5% Libor floor, OID 98; $90 million term loan talked at Libor plus 550 bps, 2.5% Libor floor, OID 98; help fund acquisition of MedVance Institute; Baltimore-based owner of post-secondary schools.

FAIRWAY MARKET LLC: $115 million credit facility; Credit Suisse and Jefferies; $15 million 41/2-year revolver; $100 million five-year term loan talked at Libor plus 800 bps, 2.5% Libor floor, OID 97-98; refinance existing debt and for expansion capital; supermarket chain.

GREEN TREE FINANCIAL: $380 million credit facility (B1/B+); Deutsche Bank and Credit Suisse; $350 million term B talked at Libor plus 500 bps, 2.25% Libor floor, OID 97 area; $30 million revolver; repay debt and fund a dividend; fee-based servicing company that provides third-party servicing for consumer loans.

HANESBRANDS INC.: $1.15 billion senior secured credit facility (Ba1); JPMorgan, Bank of America, HSBC and Barclays; $750 million six-year term loan at Libor plus 325 bps, step down to Libor plus 300 bps at less than 2.5 times leverage, 2% Libor floor, OID 99; $400 million four-year revolver at Libor plus 450 bps; refinance existing debt; Winston Salem, N.C., marketer of everyday apparel essentials.

HAYES LEMMERZ INTERNATIONAL INC.: $150 million term loan talked at Libor plus 800 bps, 2% Libor floor, OID 96 to 97; Deutsche Bank; exit financing; Northville, Mich., maker of automotive and commercial highway wheels.

LIVINGSTON INTERNATIONAL INCOME FUND: C$255 million credit facility; RBC and CIBC; C$100 million revolver talked at Libor plus 500 bps, 2% Libor floor, OID 98; C$50 million term A talked at Libor plus 500 bps, 2% Libor floor, OID 98; C$75 million term loan B talked at Libor plus 550 bps, 2% Libor floor, OID 98; C$30 million delayed-draw term loan talked at Libor plus 500 bps, 2% Libor floor, OID 98; help fund buyout by CPP Investment Board and Sterling Partners; Toronto-based provider of customs, transportation and integrated logistics services.

LOUIS DREYFUS HIGHBRIDGE ENERGY LLC: $350 million credit facility; UBS, Wells Fargo and RBS; $100 million three-year revolver talked at Libor plus 350 bps, 1% Libor floor; $250 million five-year term B talked at Libor plus 425 bps, 1% Libor floor; refinance existing debt; Wilton, Conn., merchant energy company.

NALCO HOLDING CO.: $300 million term loan add-on at Libor plus 175 bps, OID 91; Deutsche Bank, Bank of America and Citigroup; to redeem 7¾% senior notes due 2011; Naperville, Ill., provider of water treatment and process improvement products and services.

PILGRIM'S PRIDE CORP.: $1.75 billion exit facility; CoBank, Rabobank and Bank of Montreal; $600 million three-year revolver at Libor plus 450 bps; $375 million three-year term A at Libor plus 500 bps; $775 million five-year term B at Libor plus 500 bps; Pittsburg, Texas, poultry processor.

PILOT TRAVEL CENTERS LLC: $2.15 billion senior secured credit facility (Ba2/BBB-); Bank of America and Wells Fargo; $500 million revolver at Libor plus 325 bps, 2% Libor floor; $500 million term A at Libor plus 325 bps, 2% Libor floor; $800 million term B at Libor plus 325 bps, 2% Libor floor, OID 99; $350 million term C (not being syndicated); fund the acquisition of Flying J. Inc.'s travel plaza business; Knoxville, Tenn., operator of travel centers.

PODS ENTERPRISES INC.: $145 million credit facility; Barclays, GE Capital and Golub Capital; $25 million revolver at Libor plus 550 bps, 2% Libor floor, OID 98; $120 million term loan at Libor plus 550 bps, 2% Libor floor, OID 98; refinance existing bank debt; Clearwater, Fla., provider of moving and storage services.

PRINCETON REVIEW INC.: $96 million senior secured credit facility; GE Capital; $15 million revolver at Libor plus 600 bps, 2% Libor floor, OID 97; $81 million term loan at Libor plus 600 bps, 2% Libor floor, OID 97; help fund the acquisition of Penn Foster Education Group Inc. from the Wicks Group of Cos. LLC; Framingham, Mass., provider of college and graduate school test preparation and private tutoring.

RURAL/METRO CORP.: $220 million credit facility (Ba3/BB); RBC; $40 million revolver at Libor plus 500 bps, 2% Libor floor; $180 million term loan at Libor plus 500 bps, 2% Libor floor, OID 99; refinance existing credit facility; Scottsdale, Ariz., provider of emergency and non-emergency ambulance services and private fire protection services.

STEELRIVER INFRASTRUCTURE PARTNERS LP: $375 million credit facility; BNP Paribas, Scotia Capital, BayernLB and Union Bank; $175 million three-year working capital revolver talked at Libor plus 400 bps; $100 million three-year capex revolver talked at Libor plus 400 bps; $100 million 31/2-year holdco term loan talked at Libor plus 600 bps, OID 981/2; fund acquisition of Dominion Resources Inc.'s Peoples Natural Gas Co. and Hope Gas Inc. natural gas distribution utilities; investment management firm.

TASC INC.: $690 million senior secured credit facility (Ba2); Barclays, Deutsche Bank and RBC; $100 million revolver talked at Libor plus 375 bps, 2% Libor floor, OID 98; $200 million term A talked at Libor plus 375 bps, 2% Libor floor, OID 981/2; $390 million term B talked at Libor plus 400 bps, 2% Libor floor, OID 981/2; help fund buyout by General Atlantic LLC and Kohlberg Kravis Roberts & Co. from Northrop Grumman Corp.; Chantilly, Va., provider of advanced systems engineering and technical assistance.

VALERUS COMPRESSION SERVICES: $350 million asset-based revolver talked at Libor plus 450 bps; JPMorgan and Barclays; help fund buyout by TPG Capital; Houston-based provider of natural gas handling services.

ON THE HORIZON

ALLEN-VANGUARD CORP.: $87.15 million credit facility; $47.15 junior secured term loan; $30 million revolver; $10 million documentary credit facility; in connection with buyout by Versa Capital Management Inc.; Ottawa provider of proprietary services for protection and counter-measures against hazardous devices of all kinds.

DENBURY RESOURCES INC.: $1.6 billion four-year revolver; JPMorgan; help fund acquisition of Encore Acquisition Co.; Plano, Texas, exploration and production company.

IMS HEALTH INC.: $2.275 billion senior secured credit facility; Goldman Sachs; $2 billion term loan; $275 million revolver; help fund buyout by TPG Capital and the CPP Investment Board; Norwalk, Conn., provider of market intelligence to the pharmaceutical and health care industries.

NORTEK INC.: $250 million asset-based exit revolver; Bank of America, GE Capital, Wells Fargo Foothill and PNC Bank; replace an existing facility, and for working capital and other general corporate purposes; Providence, R.I., manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products.

POSTROCK ENERGY CORP.: New credit facility; help create new company from merger of Quest Resource Corp., Quest Energy Partners LP and Quest Midstream Partners LP; Oklahoma City-based energy company.

RESACA EXPLOITATION INC.: New first- and second-lien credit facility; Union Bank of California expected to be involved; refinance credit facilities in connection with merger with Cano Petroleum Inc.; Houston-based oil and gas company.

SIGMA-TAU GROUP: New term loan; help fund acquisition of Enzon Pharmaceuticals Inc.'s specialty pharmaceutical business; Rome-based pharmaceutical group.

SILICON STORAGE TECHNOLOGY INC.: New debt financing commitment; help fund buyout by Prophet Equity LP; Sunnyvale, Calif., designer, manufacturer and marketer of memory and non-memory products for high-volume applications in the digital consumer, networking, wireless communications and internet computing markets.

VIASYSTEMS GROUP INC. $75 million four-year asset-based revolver; Wachovia; help fund merger with Merix Corp.; St. Louis-based printed circuit board manufacturer.


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