Bank Loan Calendar: $26.5515 billion deals being marketed

September Bank Meetings

ARISTOCRAT LEISURE LTD.: Bank meeting Sept. 10; $1.3 billion seven-year term B (Ba2), 1% Libor floor, 101 soft call for six months; UBS, Bank of America, Nomura and Citigroup; also A$100 million revolver (Ba2); fund acquisition of Video Gaming Technologies Inc.; Australia-based provider of gaming services.

BIOPLAN/ARCADE MARKETING: Expected September relaunch; $585 million credit facility; Goldman Sachs (left on first-lien), Credit Suisse (left on second-lien), Barclays and Deutsche Bank; $65 million revolver (B2/B+); $375 million seven-year first-lien covenant-light term loan (B2/B+); $145 million eight-year second-lien covenant-light term loan (Caa2/B-); fund the merger of Bioplan and Arcade Marketing; provider of sampling services for the fragrance, cosmetics and skincare segments.

BIOVENTUS: Conference call Sept. 9; $60 million six-year second-lien term loan; JPMorgan; refinance existing debt; Durham, N.C., orthopaedic healing company.

CAPSTONE LOGISTICS LLC: New senior secured credit facility; Goldman Sachs and BNP Paribas; first-lien term loan; second-lien term loan; help fund buyout by the Jordan Co.; Peachtree Corners, Ga., performance workgroup partner.

CROWNE GROUP LLC: Bank meeting Sept. 9; $455 million credit facility; Jefferies; $75 million asset-based revolver; $290 million six-year first-lien covenant-light term loan, 101 soft call for six months; $90 million seven-year second-lien covenant-light term loan, call protection 102, 101; fund acquisition of Trico Products Corp. from Kohlberg & Co. LLC and refinance existing debt; Cleveland-based manufacturer and distributor of Aftermarket and OEM component parts for the automotive and other industrial equipment markets.

GRAY TELEVISION INC.: Conference call Sept. 8; $75 million add-on term B talked at Libor plus 300 bps, 0.75% Libor floor; Wells Fargo; help fund acquisition of WJRT-TV and WTVG-TV from SJL Holdings LLC; Atlanta-based television broadcast company.

MANNINGTON MILLS: Bank meeting Sept. 8; $275 million seven-year term B; RBC and Societe Generale; refinance existing debt; Salem, N.J., manufacturer of residential and commercial sheet vinyl, luxury vinyl, laminate, hardwood and porcelain tile floors, as well as commercial carpet and rubber.

TRIMARK USA CORP. (TMK HAWK PARENT CORP.): Bank meeting Sept. 9; $455 million credit facility; Credit Suisse, Wells Fargo, RBS Citizens, Deutsche Bank and Jefferies; $100 million ABL revolver; $250 million seven-year first-lien covenant-light term loan, 101 soft call for six months; $105 million eight-year second-lien covenant-light term loan, call protection 102, 101; back already completed buyout by Warburg Pincus from Audax Group; South Attleboro, Mass., provider of equipment, supplies and design services to the foodservice industry.

VESTCOM: Bank meeting Sept. 9; $335 million credit facility; GE Capital; $25 million five-year revolver (B1); $215 million seven-year first-lien term B (B1); $95 million eight-year second-lien term loan (Caa1); refinance existing debt and fund a distribution to shareholders; Little Rock, Ark., provider of outsourced shelf-edge media solutions to retail food, drug and mass merchants.

Upcoming Closings

ABRA AUTO BODY & GLASS: Bank meeting Sept. 3; $475 million credit facility; Bank of America, GE Capital, Deutsche Bank and Nomura; $70 million revolver (B1); $275 million seven-year first-lien covenant-light term loan (B1) talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99 to 99½, 101 soft call for six months; $130 million eight-year second-lien covenant-light term loan (Caa1) talked at Libor plus 750 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund recently completed buyout by Hellman & Friedman LLC and senior management from Palladium Equity Partners LLC; Brooklyn Park, Minn., provider of vehicle damage repair services.

ACOSTA SALES & MARKETING: $2.29 billion credit facility (B1/B); JPMorgan, Goldman Sachs and Morgan Stanley; $225 million five-year revolver; $2.065 billion seven-year term loan at Libor plus 400 bps, 1% Libor floor, OID 99¼, 101 soft call; help fund buyout by the Carlyle Group from Thomas H. Lee Partners LP; Jacksonville, Fla., full-service sales and marketing agency in the consumer goods industry.

AECOM TECHNOLOGY CORP.: $4.6625 credit facility (Ba1/BB+); Bank of America, MUFG, Union Bank, Scotia Bank, BNP Paribas, JPMorgan, BBVA Compass, Wells Fargo, Sumitomo Mitsui Banking, Credit Agricole, Morgan Stanley and HSBC; $1.2625 billion seven-year covenant-light term B talked at Libor plus 325 bps, 0.75% Libor floor, OID 99½, 101 soft call for six months; $1.85 billion term A; $1.05 billion revolver; $500 million incremental performance letter-of-credit facility; help fund acquisition of URS Corp.; Los Angeles-based engineering design firm.

ALBERTSON’S HOLDINGS LLC: $4.559 billion of term loans (Ba3/BB-); Credit Suisse, Bank of America, Citigroup, Morgan Stanley, Barclays, Deutsche Bank, PNC, US Bank and SunTrust; $950 million five-year covenant-light term B-3 at Libor plus 400 bps, 1% Libor floor, OID 98½, 101 soft call; $3.609 billion seven-year covenant-light term B-4 at Libor plus 450 bps, 1% Libor floor, OID 98½, 101 soft call; help fund acquisition of Safeway Inc.; Spokane, Wash., supermarket chain.

BUREAU VAN DIJK ELECTRONIC PUBLISHING (YELLOW MAPLE HOLDING BV): €620 million equivalent credit facility; Deutsche Bank, ING, Goldman Sachs and HSBC; €25 million six-year revolver talked at Euribor plus 400 bps; €360 million seven-year term B talked at Euribor plus 425 bps; €160 million equivalent GBP seven-year term B talked at Libor plus 450 bps; €75 million equivalent U.S. dollar seven-year term B talked at Libor plus 425 bps; fund buyout by EQT from Charterhouse and for working capital and general corporate purposes; Amsterdam-based provider of private company information.

CAPITAL AUTOMOTIVE LP: $100 million incremental second-lien term loan talked at Libor plus 500 bps, 1% Libor floor, OID 99, call protection 102, 101; Barclays; help fund buyout by Brookfield Property Partners from DRA Advisors LLC; McLean, Va., provider of sale-leaseback capital to the automotive retail industry.

CHARTER COMMUNICATIONS OPERATING LLC: $3.5 billion seven-year term G at Libor plus 350 bps, 0.75% Libor floor, OID 99½, 101 soft call; Goldman Sachs, Bank of America, Credit Suisse, and Deutsche Bank; help fund acquisition of systems serving about 1.4 million customers from Comcast/Time Warner Cable; Stamford, Conn., broadband communications company and cable operator.

CHRYSAOR LTD.: $540 million of new senior secured covenant-light term loans; Barclays; $340 million 3½-year first-lien term loan talked Libor plus 775 bps, 1% Libor floor, OID 99, non-call one, 102, 101; $200 million four-year second-lien term loan talked at Libor plus 1,125 bps (with some PIK potential), 1% Libor floor, OID 99, non-call one, 103, 102, 101 for six months; repay existing debt in relation to an outstanding loan from Premier Oil and provide capital for remaining development costs of the Solan field in the North Sea; London-based company that develops and commercializes oil and gas discoveries.

CLUBCORP: Expected close Sept. 30; $250 million add-on senior secured covenant-light term loan (B+) due July 24, 2020 talked at Libor plus 350 bps, 1% Libor floor, OID 99 to 99½, 101 soft call for six months; Citigroup and Deutsche Bank; help fund acquisition of Sequoia Golf; Dallas-based owner and operator of private golf and country clubs, business, sports, and alumni clubs.

DPX Holdings BV: $250 million seven-year first-lien term loan talked at Libor plus 325 bps, 1% Libor floor, OID 98 to 98¼, 101 soft call for six months; UBS, JPMorgan, Morgan Stanley, Jefferies and KeyBank; fund acquisition of Gallus BioPharmaceuticals LLC from Ridgemont Equity Partners; Durham, N.C., provider of CDMO services, pharmaceutical products and products for other industries.

EXGEN TEXAS POWER: $720 million credit facility; Bank of America; $20 million revolver (Ba3); $700 million seven-year term B (B1/BB-) talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99 to 99½, 101 soft call for six months; refinance existing debt and fund a dividend; owner of a portfolio of combined-cycle and natural gas-fired peaking and steam turbine generators in Texas.

GOODPACK LTD. (IBC CAPITAL): Expected close Sept. 8; $835 million senior credit facility; Morgan Stanley, Credit Suisse, DBS Bank, Goldman Sachs, KKR Capital, Mizuho Bank, Macquarie and Natixis; $115 million revolver; $550 million seven-year first-lien covenant-light term loan (B+) at Libor plus 375 bps, 1% Libor floor, OID 99¼, 101 soft call for six months; $170 million eight-year second-lien covenant-light term loan (B-) at Libor plus 700 bps, 1% Libor floor, OID 99¼, call protection 102, 101; help fund buyout by KKR; Singapore-based operator of a fleet of nestable and collapsible intermediate bulk containers.

HARDWARE HOLDINGS LLC: $155 million seven-year term B (B-) talked at Libor plus 575 bps to 600 bps, 1% Libor floor, OID 99, 101 soft call; Barclays and MCS Capital; fund acquisition of Jones Stephens and refinance existing debt; Cranbury, N.J., distributor of hardware, plumbing and houseware products.

HILL INTERNATIONAL NV: $165 million secured credit facility; Societe Generale; $30 million U.S.-denominated five-year revolver talked at Libor plus 375 bps, 50 bps unused fee; $15 million euro-denominated five-year revolver talked at Euribor plus 400 bps, 75 bps unused fee; $120 million six-year term loan talked in Libor plus 650 bps to 675 bps area, 1% Libor floor, OID 98, 101 soft call; refinance existing bank debt and general corporate purposes; Marlton, N.J.-based provider of program management, project management, construction management, construction claims and other consulting services.

LION COPOLYMER: $350 million credit facility; Wells Fargo and HSBC; $50 million ABL revolver (BB); $300 million term B (B2/B+) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99½, 101 soft call; refinance existing debt; Geismar, La., manufacturer of synthetic rubber.

PGT INC.: $235 million credit facility (B2/BB-); Deutsche Bank and KeyBanc; $35 million five-year revolver; $200 million seven-year covenant-light term B talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund acquisition of CGI Windows & Doors Holdings Inc. from Cortec Group Fund IV LP, refinance existing debt and general corporate purposes; North Venice, Fla., manufacturer and supplier of residential impact-resistant windows and doors.

SCIENTIFIC GAMES CORP.: $2.085 billion in senior secured incremental bank debt (Ba3/BB-); Bank of America, JPMorgan, Deutsche Bank, Fifth Third, HSBC and PNC; $1.735 billion seven-year incremental covenant-light term B-2 talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99,101 soft call for six months; $350 million incremental revolver due Oct. 18, 2018; help fund acquisition of Bally Technologies Inc.; New York-based developer of technology-based products and services and associated content for gaming and lottery markets.

TEMPLAR ENERGY LLC: Expected close Sept. 19; $550 million senior secured second-lien covenant-light term loan (B3/B-) talked at Libor plus 750 bps to 775 bps, 1% Libor floor, OID 98, call protection 102, 101; Citigroup, Barclays, Goldman Sachs, Morgan Stanley and Natixis; help fund acquisition of Newfield’s Anadarko Basin Granite Wash assets; Oklahoma City-based exploration and production company.

TNT CRANE (NORTH AMERICAN LIFTING HOLDINGS INC.): $85 million of fungible incremental senior secured term loans; Macquarie; $65 million incremental first-lien term loan (B1) due November 2020 talked at Libor plus 450 bps, 1% Libor floor, OID 99½; $20 million incremental second-lien term loan (Caa1) due November 2021 talked at Libor plus 900 bps, 1% Libor floor, OID 99½; fund recent acquisitions and pay down revolver; Houston-based provider of lifting services and equipment to customers in the energy and industrial infrastructure end markets.

U.S. RENAL CARE INC.: $75 million incremental first-lien term loan (Ba3) talked at Libor plus 325 bps, 1% Libor floor, OID 99 to 99½; Barclays, Goldman Sachs, RBC and SunTrust; help fund two acquisitions; Plano, Texas, provider of dialysis services.

VERTELLUS SPECIALTIES INC.: $475 million of term loans; UBS; $335 million seven-year first-lien term loan (B3/B-) talked at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; $55 million seven-year first-lien delayed-draw term loan (B3/B-) talked at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; $85 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 750 bps to 775 bps, 1% Libor floor, OID 99, call protection 102, 101; refinance notes and fund an acquisition; Indianapolis-based provider of specialty chemicals.

YORK RISK SERVICES GROUP: $655 million credit facility; Bank of America, Morgan Stanley, RBC, BMO and Nomura; $100 million five-year revolver; $555 million seven-year covenant-light term B talked at Libor plus 400 bps, 1% Libor floor, OID 99 to 99½, 101 soft call for six months; help fund buyout by Onex Corp. from ABRY Partners; Parsippany, N.J., provider of risk management, claims management and managed care services.

On The Horizon

1-800-FLOWERS.COM: New debt financing; JPMorgan and Wells Fargo; help fund acquisition of Harry & David Holdings Inc.; Carle Place, N.Y.-based multi-channel retailer of gifts.

ANSWERS CORP.: New debt financing; Credit Suisse; help fund buyout by Apax Partners from Summit Partners, TA Associates and founder shareholders; St. Louis-based provider of cloud-based services that enhance customer acquisition and brand engagement.

ARMORED AUTOGROUP INC.: New credit facility; Danbury, Conn., manufacturer and marketer of automotive appearance, performance, and do-it-yourself A/C recharge products sold under iconic brands.

AVG TECHNOLOGIESS NV: $300 million senior secured credit facility; Morgan Stanley and HSBC; $250 million six-year term B, 1% Libor floor; $50 million five-year revolver; fund acquisition of mobile security company Location Labs and general corporate purposes; Amsterdam and San Francisco-based online security company.

BERLIN PACKAGING LLC: First- and second-lien debt; Deutsche Bank and Morgan Stanley; help fund buyout by Oak Hill Capital Partners from Investcorp; Chicago-based supplier of rigid packaging products and services.

BURGER KING WORLDWIDE INC.: $7.25 billion senior secured credit facility; JPMorgan and Wells Fargo; $500 million revolver; $6.75 billion term B; help fund acquisition of Tim Hortons Inc.; combined restaurant company to be based in Canada.

CALLON PETROLEUM CO.: $275 million second-lien term loan; JPMorgan; help fund acquisition of certain undeveloped acreage and oil and gas producing properties located in Midland, Andrews, Martin and Ector Counties, Texas; Natchez, Miss., energy company.

COMPUWARE CORP.: New debt financing; Jefferies, Credit Suisse and Deutsche Bank; help fund buyout by Thoma Bravo LLC; Detroit-based technology performance company.

CROWN HOLDINGS INC.: Up to $750 million seven-year incremental term B; Citigroup; help fund acquisition of Empaque from Heineken NV; Philadelphia-based consumer packaging company.

DOLLAR TREE INC.: $6.65 billion credit facility; JPMorgan, Wells Fargo, Bank of America, RBC, and U.S. Bank; $1.25 billion revolver; $5.4 billion term loan; help fund acquisition of Family Dollar Stores Inc.; Chesapeake, Va., discount store operator.

ENSTAR GROUP INC.: New debt financing; help fund acquisition of Companion Property and Casualty Insurance Co. from Blue Cross and Blue Shield of South Carolina; Hamilton, Bermuda, acquirer and manager of diversified insurance businesses.

FLEETCOR: $3.785 billion senior secured credit facility; Bank of America; $1 billion revolver A; $35 million revolver B; $1.7 billion term A; $1.05 billion term B; help fund acquisition of Comdata Inc. from Ceridian LLC; Norcross, Ga., provider of fuel cards and workforce payment products to businesses.

FTD COS. INC.: $130 million term A due July 17, 2018 expected with grid of Libor plus 150 bps to 250 bps based on leverage; Bank of America and Wells Fargo; help fund acquisition of Liberty Interactive Corp.’s Provide Commerce floral and gifting businesses; Downers Grove, Ill., floral and gifting company.

GFI HOLDCO INC.: $225 million five-year senior secured term loan expected at Libor plus 525 bps, 1% Libor floor, 101 soft call; Jefferies; fund acquisition of GFI Group’s wholesale brokerage and clearing businesses; New York-based provider of trading technologies and support services.

GREATLAND CONNECTIONS INC.: New term loans and revolver; help fund acquisition of about 2.5 million customers from Comcast/Time Warner Cable; newly formed cable company.

LEVEL 3 COMMUNICATIONS INC.: $2.4 billion seven-year covenant-light senior secured term B expected at Libor plus 300 bps, 0.75% to 1% Libor floor, OID 99½, 101 soft call for six months; Bank of America, Citigroup, Morgan Stanley, Barclays, Goldman, Jefferies and JPMorgan; help fund acquisition of tw telecom; Broomfield, Colo., fiber-based communications services.

MEDIA GENERAL INC.: $1.6 billion senior secured credit facility; RBC, Capital One, Deutsche Bank, SunTrust and U.S. Bank; incremental $90 million revolver; incremental $600 million term A; incremental $910 million term B; help fund merger with LIN Media LLC and refinance some LIN debt; Richmond, Va., local television broadcasting and digital media company.

NATIONAL CINEMEDIA INC.: $250 million term loan; help fund acquisition of Screenvision; Centennial, Colo., based integrated media company.

NORWEGIAN CRUISE LINE HOLDINGS LTD.: Up to $2.199 billion in senior secured term loans; Barclays, JPMorgan and Deutsche Bank; help fund acquisition of Prestige Cruises International Inc.; Miami-based cruise company.

OMNITRACS LLC: New debt financing; RBC, Credit Suisse and Guggenheim; help fund acquisition of XRS Corp.; San Diego-based provider of fleet management solutions including software applications, information services, and hardware platforms for private and for-hire fleets.

PIKE CORP.: $540 million senior secured credit facility; JPMorgan, Keybanc and SunTrust; $100 million revolver; $290 million first-lien term loan; $150 million second-lien term loan; help fund buyout by Court Square Capital Partners and J. Eric Pike; Mount Airy, N.C., specialty construction and engineering firm.

PLY GEM HOLDINGS INC.: New debt financing; help fund acquisition of Simonton Windows from Fortune Brands Home & Security Inc.; Cary, N.C., manufacturer of exterior building products.

SENSATA TECHNOLOGIES BV: $250 million to $750 million (depending on bond size) incremental seven-year covenant-light term loan expected at Libor plus 275 bps, step-down to Libor plus 250 bps at 3x total net leverage, 0.75% Libor floor, 101 soft call for six months; Barclays and Morgan Stanley; help fund acquisition of Schrader from Madison Dearborn Partners LLC; supplier of sensing, electrical protection, control and power management services.

SKILLSOFT LTD.: New debt financing; Barclays, Morgan Stanley, Deutsche Bank and Credit Suisse; help fund acquisition of SumTotal Systems LLC from Vista Equity Partners; Dublin, Ireland, provider of cloud-based learning services.

SYNAPTICS INC.: $300 million senior secured credit facility; Wells Fargo; $150 million revolver; $150 million of term loans; help fund acquisition of Renesas SP Drivers Inc.; San Jose, Calif., developer of human interface services.

TECOMET: $770 million credit facility; Credit Suisse; $60 million five-year revolver expected at Libor plus 350 bps, 50 bps unused fee; $520 million seven-year first-lien term loan expected at Libor plus 400 bps, 1% Libor floor; $190 million eight-year second-lien term loan expected at Libor plus 750 bps, 1% Libor floor; help fund merger with Symmetry Medical Inc.’s OEM Solutions business; Wilmington, Mass., based contract manufacturing, engineering and metal fabrication technology company.

TIPTREE FINANCIAL INC.: $140 million secured credit facility; Wells Fargo; $90 million revolver; $50 million term loan; help fund acquisition of Fortegra Financial Corp.; New York-based diversified holding company that operates in the insurance and insurance services, specialty finance, asset management and real estate segments.

VISTA OUTDOOR INC.: $750 million senior secured credit facility; Bank of America; $400 million five-year revolver; $350 million term loan; help fund its spin-off of sporting group from Alliant Techsystems Inc.; Utah-based outdoor recreation products company.

WARRANTY GROUP INC.: $647 million credit facility; JPMorgan, UBS, Goldman Sachs, Morgan Stanley, Bank of Tokyo- Mitsubishi and Citigroup; $30 million revolver at Libor plus 200 bps; $330 million term A at Libor plus 200 bps; $287 million term B; help fund buyout by TPG from Onex Corp.; Chicago-based provider of warranty services and related programs.

WHEELABRATOR TECHNOLOGIES INC.: New debt financing; Deutsche Bank and Barclays; help fund buyout by Energy Capital Partners from Waste Management Inc.; Hampton, New Hampshire, owner and operator of waste-to-energy facilities and our independent power-producing facilities.

ZEBRA TECHNOLOGIES CORP.: $2.25 billion senior secured credit facility; Morgan Stanley; $2 billion seven-year covenant-light term loan expected at Libor plus 300 bps, 0.75% Libor floor, 101 soft call for six months; $250 million five-year revolver expected at Libor plus 250 bps; help fund acquisition of Motorola Solutions Inc.’s enterprise business; Lincolnshire, Ill., provider of marking and printing technologies.

© 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.