Stetson Midstream, Intermedia, SimpliSafe ready launches for July 9 week

By Sara Rosenberg

New York, July 6 – There are a few deals currently on the calendar for the week of July 9, including Stetson Midstream, Intermedia and SimpliSafe Inc.

Stetson Midstream will hold a bank meeting at 1 p.m. ET in New York on Monday to launch a $1 billion senior secured term loan B.

Goldman Sachs Bank USA, Barclays, Bank of America Merrill Lynch, RBC Capital Markets and Credit Suisse Securities (USA) LLC are leading the deal that will be used to finance the acquisition of equity interests in ENLK, ENLC and EnLink Midstream Manager.

Stetson Midstream is a diversified U.S. midstream platform.

Intermedia on deck

Intermedia is scheduled to hold a bank meeting on Tuesday to launch $285 million of credit facilities (B3/B) consisting of a $25 million five-year revolver and a $260 million seven-year term loan B.

Talk on the term loan B has already emerged at Libor plus 575 basis points to 600 bps with a 0% Libor floor and an original issue discount of 98 to 99.

Commitments are due on July 18.

TD Securities (USA) LLC is leading the deal that will be used to refinance existing first- and second-lien term loans.

Intermedia, a Madison Dearborn Partners portfolio company, is a Mountain View, Calif.-based provider of Unified Communications as a Service and business cloud applications software.

SimpliSafe coming soon

SimpliSafe is set to hold a lender meeting in Boston on July 12 to launch a $250 million credit facility.

Capital One is leading the deal that will be used to help fund the purchase of a controlling stake in the company by Hellman & Friedman.

SimpliSafe is Boston-based provider of internet-based security services.

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