Bank Loan Calendar: $668 million deals being marketed

UPCOMING CLOSINGS

GEORGIA GULF CORP.: $175 million two-year asset securitization credit facility talked at Libor plus 450 bps, 2.5% Libor floor, 100 bps unused fee; GE Capital; Atlanta-based manufacturer and marketer of chlorovinyls and aromatics chemicals, and vinyl-based building and home improvement products.

GRANDE COMMUNICATIONS: $128 million credit facility; Societe Generale and SunTrust; $25 million five-year revolver at Libor plus 675 bps, 3% Libor floor, OID 97; $103 million six-year term loan at Libor plus 675 bps, 3% Libor floor, OID 97; help fund potential buyout by ABRY Partners; San Marcos, Texas, provider of high-speed internet, local and long-distance telephone and digital cable services.

ROSKAM BAKING CO.: $115 million credit facility; likely CIT and GE Capital; $20 million revolver talked at Libor plus 650 bps, 3.25% Libor floor, OID 97; $95 million term loan talked at Libor plus 650 bps, 3.25% Libor floor, OID 97; help fund acquisition by Wind Point Partners; Grand Rapids, Mich., commercial bakery.

TNS INC.: $250 million term loan (B1) due March 28, 2014 at Libor plus 600 bps, 3.5% Libor floor, OID 90, 101 call protection; SunTrust; help fund acquisition of VeriSign Inc.'s communication services group; Reston, Va., provider of business-critical, cost-effective data communications services for transaction-oriented applications.

ON THE HORIZON

BLUE SPARKLE LP: $1.7 billion credit facility; Barclays; $850 million six-year senior secured term loan at Libor plus 400 bps, $850 million seven-year senior unsecured term loan at Libor plus 550 bps; help fund acquisition of Barclays' iShares business by CVC Capital Partners Group Sicav-FIS SA.

ENTRUST: New debt financing; Wells Fargo Foothill and Bank of Montreal; help fund buyout by Thoma Bravo LLC; Dallas-based company that secures digital identities and information for consumers, enterprises and governments.

IOWA TELECOMMUNICATIONS SERVICES INC.: $75 million term loan due November 2011 at Libor plus 200 bps; Rural Telephone Finance Cooperative; help fund the acquisition of Sherburne Tele Systems Inc.; Newton, Iowa, telecommunications service provider.

TRIDENT RESOURCES CORP.: New revolver; in connection with common stock IPO to repay existing debt; Calgary, Alta., natural gas production company.

© 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.