Petco Animal Supplies, Pinnacle Foods, 1-800 Contacts join this week’s new issue calendar

By Sara Rosenberg

New York, Jan. 4 – In the primary market on Monday, Petco Animal Supplies Inc. and Pinnacle Foods Inc. firmed timing on the launch of their new loans, and 1-800 Contacts Inc. (CNT Holdings III Corp.) set a bank meeting date and outlined the structure on its credit facility.

Petco nailed down timing on the launch of its proposed credit facility, scheduling a bank meeting for 11 a.m. ET in New York on Tuesday, according to a market source.

Previously, a source told Prospect News that the company would be seeking roughly $2.5 billion of loans sometime in early January, with Tuesday being the targeted launch date.

Pinnacle Foods set a lender call for 10 a.m. ET on Wednesday to launch its up to $900 million incremental term loan, a market source remarked.

1-800 Contacts surfaced with plans to hold a bank meeting at 10:30 a.m. ET in New York on Wednesday to launch a $580 million credit facility, a market source said.

In other news, TaxACT Holdings Inc. completed its acquisition of HD Vest Financial Services for about $580 million, according to a news release.

To help fund the transaction, TaxACT got a new $425 million credit facility (B1/BB-) consisting of a $25 million five-year revolver and a $400 million seven-year first-lien term loan B.

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