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Published on 12/1/2008 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $5.980 billion deals being marketed

UPCOMING CLOSINGS

CHAPARRAL ENERGY INC.: $1.2 billion five-year revolver expected at Libor plus 150 bps to 325 bps based on utilization, commitment fee to range from 37.5 bps to 50 bps; JPMorgan, RBS Securities and SunTrust; in connection with acquisition of Edge Petroleum Corp.; refinance existing credit facilities; Oklahoma City-based oil and natural gas production and exploitation company.

CITYCENTER: $1.2 billion of bank debt being raised at Libor plus 375 bps; Bank of America, RBS, UBS, BNP Paribas and Sumitomo Mitsui; part of $3 billion credit facility due April 2013, consisting of a $250 million revolver and $2.75 billion in term loans, of which $1.8 billion has already been placed; project financing; mixed-use development built on the Las Vegas Strip.

EARTHBOUND FARM: $135 million credit facility; RBC Capital Markets; $35 million revolver; $100 million term A; fund LBO by Lindsey Goldberg; San Juan Bautista, Calif., organic produce company.

GOOBER DRILLING: $230 million asset-based credit facility; Jefferies; $140 million revolver at Libor plus 275 bps to 350 bps based on leverage; $90 million term loan at Libor plus 275 bps to 350 bps based on leverage; refinance existing debt; Stillwater, Okla., provider of contract drilling services for oil and gas exploration and production companies.

JDA SOFTWARE GROUP INC.: $450 million five-year senior secured credit facility; Credit Suisse and Wachovia; $250 million first-out term loan at Libor plus 600 bps, 3.25% Libor floor, OID 95, 101 call protection; $175 million first-loss term loan at Libor plus 950 bps, 3.25% Libor floor, OID 95, callable after one year at 103, 102, 101; $25 million revolver, 3.25% Libor floor; help fund acquisition of i2 Technologies Inc.; Scottsdale, Ariz., software products company.

KING PHARMACEUTICALS INC.: $300 million four-year term loan talked at Libor plus 500 bps, OID 96; Credit Suisse and Wachovia; help fund acquisition of Alpharma Inc.; Bristol, Tenn., integrated branded pharmaceutical company.

NCI BUILDING SYSTEMS INC.: $380 million senior secured credit facility (Ba1/BBB-); Wachovia and Bank of America; $100 million five-year revolver talked at Libor plus 250 bps to 275 bps; $100 million six-year term loan talked at Libor plus 250 bps to 275 bps; $180 million six-year delayed-draw term loan talked at Libor plus 250 bps to 275 bps; refinance existing credit facility and senior subordinated convertible notes, and for general corporate purposes; Houston-based manufacturer and marketer of metal products for the nonresidential construction industry.

PRECISION DRILLING TRUST: $1.2 billion senior secured credit facility (Ba1/BBB-); RBC and Deutsche Bank; $400 million five-year revolver talked at Libor plus 400 bps; $400 million five-year term A talked at Libor plus 400 bps; $400 million 53/4-year term B talked at Libor plus 600 bps, 3.25% Libor floor, OID 80; help fund acquisition of Grey Wolf Inc.; Calgary, Alberta, provider of high performance energy services.

SAVE MART SUPERMARKETS: $385 million credit facility; Wells Fargo Foothill; $335 million asset-based revolver talked at Libor plus 250 bps; $50 million last-out term loan initially priced at 12%; refinance existing debt; Modesto, Calif., operator of supermarkets.

WABTEC CORP.: $500 million credit facility; PNC, JPMorgan and RBS; revolver; term loan; fund acquisition of Standard Car Truck; Wilmerding, Pa., provider of technology-based products and services for the rail and transit industry.

ON THE HORIZON

AQUILEX HOLDINGS LLC: $310 million credit facility (Ba3/BB-); RBC; $50 million revolver; $50 million term A talked at Libor plus 550 bps, OID 95, 3% Libor floor; $210 million term B talked at Libor plus 600 bps, OID 94, 3% Libor floor; help fund buyout by Teachers' Private Capital from Harvest Partners; Atlanta-based provider of service, repair and overhaul services, and industrial cleaning services to the energy and power generation sectors.

BCE INC.: Up to C$23.05 billion credit facility; Citigroup, Deutsche Bank, RBS Securities and TD Securities; C$2 billion six-year revolver; C$4.2 billion six-year term A; up to C$16.5 billion U.S. equivalent seven-year term B; up to C$350 million U.S. equivalent one-year delayed-draw term loan; help fund buyout by Teachers Private Capital, Providence Equity Partners Inc. and Madison Dearborn Partners, LLC; Montreal-based communications company.

CCC-MITCHELL INC.: New credit facility; Goldman Sachs involved; refinance existing debt in connection with merger of CCC Information Services Inc. and Mitchell International Inc.; provider of information, workflow management systems and integrated software to insurance companies and collision repair facilities.

CENTERPLATE INC.: New credit facility; National City Bank; help fund buyout by Kohlberg & Co. LLC; Stamford, Conn., provider of food and related services including concessions, catering and merchandise services.

CHESAPEAKE CORP.: New senior secured credit facility; GE Capital; refinance existing revolver; Richmond, Va., supplier of specialty paperboard and plastic packaging.

DELPHI CORP. $3.95 billion exit facility; $1.2 billion asset-based revolver; $2.75 billion in first-and second-lien term loans; Troy, Mich., automotive electronics manufacturer.

GLOBAL*TEL LINK CORP.: $235 million credit facility; Credit Suisse and Wells Fargo Foothill; $25 million revolver talked at Libor plus 600 bps; $210 million term loan (includes $45 million deposit letter-of-credit carve-out) talked at Libor plus 600 bps; help fund buyout by Veritas Capital and GS Direct from the Gores Group; Reston, Va., provider of telecommunications, software and technology products and services to the corrections industry.

HERFF JONES: $735 million senior secured credit facility (Ba3/BB+); Bank of America and Wachovia, with Bank of America left lead; $100 million five-year revolver talked at Libor plus 325 bps, 3% Libor floor; $210 million five-year term A talked at Libor plus 325 bps, 3% Libor floor; $425 million seven-year term B talked at Libor plus 350 bps to 375 bps, 3% Libor floor; help fund acquisition of American Achievement Group Holding Corp. from Fenway Partners; Indianapolis-based manufacturer and publisher of educational products, recognition awards and graduation-related items sold to schools.

INTERSTATE BAKERIES CORP.: $464 million exit financing credit facility; $125 million five-year ABL revolver expected at Libor plus 325 bps, 50 bps unused fee; $339 million five-year first-lien term loan expected at Libor plus 825 bps, 2.7% Libor floor; GE Capital leading revolver, Silver Point Finance leading term loan; Kansas City, Mo., commercial baker and distributor of fresh-baked bread and sweet goods.

IOWA TELECOMMUNICATIONS SERVICES INC.: $75 million in incremental loans; Rural Telephone Finance Cooperative; help fund the acquisition of Sherburne Tele Systems Inc.; Newton, Iowa, telecommunications service provider.

LANDRY'S RESTAURANTS INC.: $300 million senior secured credit facility; Wells Fargo Foothill and Jefferies; $50 million five-year revolver; $250 million five-year term loan; help fund buyout by Fertitta Holdings Inc.; Houston-based restaurant, hospitality and entertainment company.

ROYSTON RUN-OFF LTD: $184.6 million credit facility; National Australia Bank; $152.6 million three-year term A at Libor plus 350 bps; $32 million four-year term B at Libor plus 400 bps; help fund the acquisition of Unionamerica Holdings Ltd. from St. Paul Fire and Marine Insurance Co.; subsidiary of Enstar Group Ltd, a Hamilton, Bermuda, acquirer and manager of insurance and reinsurance companies in run-off.

SEMGROUP LP: $250 million six-month DIP at Libor plus 600 bps; Bank of America; Tulsa, Okla., provider of midstream services to the energy industry.

SHIP FINANCE INTERNATIONAL LTD.: $1.4 billion loan; help fund acquisition of two newbuilding ultra-deepwater semi-submersible drilling rigs from Seadrill Ltd.; Hamilton, Bermuda, ship owning company.

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

WELLMAN INC.: $175 million four-year secured exit facility; Ableco Finance; $125 million revolver at Libor plus 425 bps, 3.25% Libor floor, 50 bps unused fee; $50 million term loan at Libor plus 425 bps, 3.25% Libor floor, call protection 102, 101; Fort Mill, S.C., manufacturer and marketer of polyethylene terephthalate packaging resins, polyester staple fibers and recycled-based nylon engineering resin.

WENDY'S/ARBY'S GROUP INC.: $200 million secured revolver (Ba1); expected close in the fourth quarter; Atlanta-based quick-service restaurant company.


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