Bank Loan Calendar: $17.2453 billion deals being marketed

January Bank Meetings

HEARTHSIDE GROUP HOLDINGS LLC: Conference call Jan. 4; $602.3 million term B due June 2, 2021 (including $50 million add-on); Barclays and Goldman Sachs; repricing and pay down revolver; Downers Grove, Ill., manufacturer of grain based food and snack products.

LANDESK SOFTWARE GROUP INC.: Bank meeting Jan. 4; $1.1 billion senior secured credit facility; Morgan Stanley, Barclays, Jefferies, Golub, Macquarie and Nomura; $75 million revolver; $800 million first-lien term loan; $225 million second-lien term loan; help fund buyout by Clearlake Capital Group LP from Thoma Bravo; Salt Lake City-based user-centered IT management company.

OPTIV SECURITY: Bank meeting Jan. 5; new credit facility; Jefferies; ABL revolver; covenant-light first-lien term loan; covenant-light second-lien term loan; help fund buyout by KKR from a group of private investors; Denver-based provider of end-to-end cyber security solutions.

SUNGARD PUBLIC ADMINISTRATION AND PUBLIC SAFETY: Bank meeting Jan. 5; $435 million credit facility; Antares and Golub; $40 million revolver; $275 million covenant-light first-lien term loan; $120 million covenant-light second-lien term loan; help fund buyout by Vista Equity Partners from Fidelity National Information Services; Lake Mary, Fla., provider of mission-critical software solutions that serve the needs of public administration and public safety officials.

SYNCHRONOSS TECHNOLOGIES INC.: Bank meeting Jan. 5; $1.15 billion senior secured credit facility; Goldman Sachs and Credit Suisse; $250 million five-year revolver; $900 million seven-year covenant-light term B; help fund acquisition of Intralinks Holdings Inc.; Bridgewater, N.J., provider of managed mobility solutions for Service Providers and Enterprise.

TEAMHEALTH HOLDINGS INC.: Bank meeting Jan. 5; $3 billion senior secured credit facility; JPMorgan, Barclays, Bank of America and Morgan Stanley; $400 million revolver; $2.6 billion seven-year term B; help fund buyout by Blackstone; Knoxville, Tenn., physician services organization.

Upcoming Closings

BASS PRO GROUP LLC: $3.87 billion in loans (B1/B+); Bank of America, Wells Fargo, Citigroup, RBC, UBS and Goldman Sachs; $400 million term A; $2.97 billion seven-year covenant-light term B at Libor plus 500 bps, 0.75% Libor floor, OID 99, 101 soft call; $500 million 1.5-year asset-sale facility at Libor plus 475 bps, 0.75% Libor floor, OID 99; help fund acquisition of Cabela’s Inc.; Springfield, Mo., outdoor retailer.

CHEDDAR’S CASUAL CAFÉ INC.: Expected closing Jan. 4; $370 million senior secured credit facility; Morgan Stanley and Societe Generale; $35 million five-year revolver (B1/BB-) at Libor plus 350 bps; $230 million five-year first-lien term A (B1/BB-) at Libor plus 350 bps; $105 million six-year second-lien term loan (Caa2/CCC+) at Libor plus 975 bps, 1% Libor floor, OID 95, 101 hard call; fund the acquisition of Greer Restaurant Operation Entities and refinance existing debt; casual dining operator focusing on made-from-scratch food.

FIRST AMERICAN PAYMENTS SYSTEMS: Expected closing Jan. 6; $360 million credit facility; Goldman Sachs; $40 million revolver (B1/B+); $240 million seven-year first-lien term B (B1/B+) at Libor plus 575 bps, 1% Libor floor, OID 99, 101 soft call; $80 million 7.5-year second-lien term loan (Caa1/CCC+) at Libor plus 1,050 bps, 1% Libor floor, OID 97, non-call one, 104, 102; refinance existing debt; Fort Worth, Texas, payments platform.

GLOBAL EAGLE ENTERTAINMENT INC.: Expected closing first week of January; $585 million senior secured credit facility (B1/BB-); Citigroup, Macquarie, Bank of American, Barclays, Citizens and TD Securities; $85 million five-year revolver; $500 million six-year first-lien term loan at Libor plus 600 bps, 1% Libor floor, OID 97, non-call one, 102, 101; refinance existing debt and for working capital, capital expenditures, acquisitions, investments and general corporate purposes; Marina Del Rey, Calif., provider of satellite-based connectivity and media.

GTT COMMUNICATIONS INC.: $775 million credit facility; KeyBanc, Credit Suisse and SunTrust; $75 million five-year revolver; $700 million seven-year covenant-light term B at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Hibernia Networks; McLean, Va., cloud networking provider.

INFORMATION RESOURCES INC.: Expected closing Jan. 4; $1.33 billion senior secured credit facility; Morgan Stanley, Jefferies and Nomura; $80 million five-year revolver (Ba3/B-); $925 million seven-year covenant-light first-lien term B (Ba3/B-) at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $325 million eight-year covenant-light second-lien term loan (Caa1/CCC) at Libor plus 825 bps, 1% Libor floor, OID 98.5, call protection 102, 101; refinance existing credit facilities and distribute a dividend to the equity holders; Chicago-based provider of big data, predictive analytics and forward-looking insights that help companies grow their businesses.

KRATON POLYMERS LLC: Expected closing Jan. 9; $1.278 billion term B (Ba3) due January 2022 at Libor plus 400 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank, Credit Suisse and Nomura; repricing; Houston-based producer of engineered polymers and styrenic block copolymers.

RCN GRANDE (RADIATE HOLDCO LLC): $1.575 billion credit facility (B1/B); Credit Suisse, UBS, Morgan Stanley and Deutsche Bank; $150 million revolver; $1.425 billion seven-year covenant-light first-lien term loan at Libor plus 300 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisitions of RCN Telecom Services LLC and Grande Communications Networks LLC by TPG Capital, Google Capital and Patriot Media Management from Abry Partners; broadband services provider.

TERRA MILLENNIUM CORP.: $215 million credit facility (B2/B); BNP Paribas; $40 million revolver; $175 million term loan talked at Libor plus 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Court Square Capital Partners; Richmond, Calif., Industrial Services business.

WINDSTREAM HOLDINGS INC.: $600 million add-on term B-6 (NA/NA/BB+) due March 2021 at Libor plus 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance debt at EarthLink Holdings Corp. in connection with merger; Little Rock, Ark., provider of advanced network communications and technology solutions.

On The Horizon

AMERICAN AXLE & MANUFACTURING HOLDINGS INC.: $2.45 billion senior secured credit facility; JPMorgan; $800 million five-year revolver; $100 million five-year term A; $1.55 billion seven-year term B, 0.75% Libor floor; help fund acquisition of Metaldyne Performance Group Inc.; Detroit-based manufacturer and designer of driveline and drivetrain systems and related components and modules, chassis systems, electric drive systems and metal-formed products.

APPLE LEISURE GROUP: New debt financing; Credit Suisse and Deutsche Bank; help fund buyout by KKR and KSL Capital Partners from Bain Capital Private Equity; Philadelphia-based hospitality company.

BC PARTNERS/MEDINA CAPITAL JOINT VENTURE: New debt financing; Citigroup, JPMorgan, Barclays, Credit Suisse, Jefferies, HSBC, Macquarie and Citizens; help fund acquisition of 57 data centers from CenturyLink Inc.; secure infrastructure company.

BERRY PLASTICS GROUP INC.: $500 million seven-year senior secured incremental term I expected at Libor plus 275 bps, 1% Libor floor; Citigroup, Credit Suisse, Barclays, Deutsche Bank, Goldman Sachs and Wells Fargo; help fund acquisition of AEP Industries Inc.; Evansville, Ind., provider of value-added plastic consumer packaging and engineered materials.

BLUE NILE INC.: $225 million senior secured credit facility; Goldman Sachs; $50 million asset-based revolver; $175 million term loan; help fund buyout by Bain Capital Private Equity and Bow Street LLC; Seattle-based online jeweler.

BROADCOM LTD.: New debt financing; help fund acquisition of Brocade Communications Systems Inc.; San Jose, Calif., and Singapore-based designer, developer and supplier of semiconductor devices.

BROWN JORDAN INTERNATIONAL INC.: New credit facility; Goldman Sachs and Societe Generale; help fund buyout by Littlejohn & Co. LLC; St. Augustine, Fla., manufacturer of indoor and outdoor furniture.

CENTURYLINK: $8 billion senior secured credit facility; Bank of America, Morgan Stanley, MUFG, Barclays, JPMorgan, Wells Fargo, RBC, Goldman Sachs, SunTrust, Mizuho, Regions Bank, Fifth Third, Credit Suisse and U.S. Bank; $2 billion revolver estimated at Libor plus 275 bps; $1.5 billion term A estimated at Libor plus 275 bps; $4.5 billion term B estimated at Libor plus 400 bps, 0.75% Libor floor; help fund acquisition of Level 3 Communications Inc.; Monroe, La., communications, hosting, cloud and IT services company.

COLUMBUS MCKINNON CORP.: $570 million senior secured credit facility; JPMorgan; $75 million five-year revolver expected at Libor plus 250 bps; $395 million seven-year covenant-light first-lien term B expected at Libor plus 425 bps, 1% Libor floor, 101 soft call; $100 million eight-year covenant-light second-lien term loan expected at Libor plus 825 bps, 1% Libor floor, call protection 102, 101; fund acquisition of STAHL CraneSystems from Konecranes plc and refinance existing bank debt; Getzville, N.Y., designer, manufacturer and marketer of material handling products, technologies and services.

DASEKE INC.: $420 million credit facility; Credit Suisse and UBS on term loan, PNC on revolver; $250 million seven-year term loan expected at Libor plus 500 bps, 1% Libor floor, 101 soft call for six months; $100 million delayed draw term loan; $70 million asset-based revolver; help fund acquisition by Hennessy Capital Acquisition Corp. II; Addison, Texas, owner of open deck equipment and an open deck transportation and logistics solutions company.

ELDORADO RESORTS INC.: $1.75 billion credit facility; JPMorgan; $300 million five-year revolver expected at Libor plus 300 bps; $1.45 billion seven-year covenant-light term B expected at Libor plus 325 bps, 1% Libor floor, 101 soft call protection for six months; help fund acquisition of Isle of Capri Casinos Inc.; Reno, Nev., casino entertainment company.

EPIC HEALTH SERVICES: New debt financing; Barclays, BMO and RBC; help fund buyout by Bain Capital Private Equity from Webster Capital; Dallas-based provider of home health care services to medically-fragile children and adults.

GODADDY INC.: $1.377 billion incremental term loan expected at Libor/Euribor plus 275 bps to 300 bps; Barclays, Citigroup, Deutsche Bank and RBC; help fund acquisition of Host Europe Group from Cinven; Scottsdale, Ariz., provider of web hosting and domain names.

GRIFOLS: $1.7 billion term loan (Ba2/BB); Nomura; help fund acquisition of the Nucleic Acid Testing donor screening unit from Hologic; Barcelona-based healthcare company.

INNOCOR INC.: New debt financing; Barclays, Bank of America and Wells Fargo; help fund buyout by Bain Capital Private Equity from Sun Capital Partners Inc.; Red Bank, N.J., designer and manufacturer of advanced foam products for commercial and retail channels.

LIONBRIDGE TECHNOLOGIES INC.: $325 million senior secured credit facility; Credit Suisse; up to $240 million in first-lien credit facilities; $85 million second-lien term loan; help fund buyout by H.I.G. Capital LLC; Waltham, Mass., provider of translation, online marketing, global content management and application testing solutions.

LS POWER: $1.715 billion credit facility; Credit Suisse, Goldman Sachs, JPMorgan, RBC, Barclays and Macquarie; $175 million revolver; $1.54 billion term B; help fund acquisition of generation resources in the Northeastern United States, through its affiliate Helix Generation LLC, from TransCanada Corp.; New York-based developer, owner, operator and investor in power generation and electric transmission infrastructure.

LUMILEDS: New credit facility; Deutsche Bank, Credit Suisse, BNP Paribas, ING and Rabobank; help fund buyout by Apollo Global Management LLC from Royal Philips; supplier of LED components and automotive lighting.

NEUSTAR INC.: $1.75 billion senior secured credit facility; Bank of America, UBS, Jefferies and Angel Island Capital; $1.4 billion first-lien credit facility; $350 million second-lien credit facility; help fund buyout by Golden Gate Capital; Sterling, Va., provider of real-time information services.

ONVOY LLC: $705 million credit facility; Credit Suisse; $25 million revolver; $500 million first-lien term loan; $180 million second-lien term loan; merger with Inteliquent Inc. that will take place in connection with Inteliquent’s buyout by GTCR LLC; Plymouth, Minn., communications enabler.

PRESTIGE BRANDS HOLDINGS INC.: New debt financing; help fund acquisition of C.B. Fleet Co.; Tarrytown, N.Y., marketer and distributor of over-the-counter and household cleaning products.

TELEFLEX INC.: $750 million senior secured term loan; JPMorgan; help fund acquisition of Vascular Solutions Inc.; Wayne, Pa., provider of medical technologies.

ZAYO GROUP HOLDINGS INC.: New debt financing; help fund acquisition of Electric Lightwave; Boulder, Colo., provider of communications infrastructure services.

© 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.