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Published on 5/15/2008 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $19.8955 billion deals being marketed

MAY BANK MEETINGS

BERLIN PACKAGING LLC: Conference call May 16; $220 million credit facility; Bank of America; $40 million revolver; $98 million first-lien term loan at Libor plus 300 bps; $17 million delayed-draw term loan at Libor plus 300 bps; $65 million second-lien term loan at Libor plus 650 bps; help back already completed buyout by Investcorp; Chicago-based supplier of glass, plastic and metal containers and closures.

VERASUN ENERGY CORP.: $125 million three-year secured revolver; UBS; general corporate purposes and to replace an existing revolver; expected close by May 31; Brookings, S.D., producer of renewable fuel.

JUNE BANK MEETINGS

FTD GROUP INC.: $450 million credit facility; Wells Fargo; $75 million five-year revolver; $175 million five-year term A; $200 million six-year term B; help fund acquisition by United Online Inc.; Downers Grove, Ill., provider of floral related products and services.

NORTH AMERICAN ENERGY ALLIANCE LLC: Bank meeting expected early June (possibly June 4); $545 million credit facility (BB+); Barclays and Union Bank of California; $40 million revolver talked at Libor plus 275 bps area; $80 million letter-of-credit facility talked at Libor plus 275 bps area; $85 million term loan talked at Libor plus 275 bps area; $340 million delayed-draw term loan talked at Libor plus 275 bps area, unused fee about half the drawn pricing; help back Industry Funds Management's acquisition of generation projects from Consolidated Edison Inc.

UPCOMING CLOSINGS

AGCO CORP.: $300 million five-year unsecured revolver with pricing ranging from Libor plus 100 bps to 175 bps based on leverage; Rabobank; refinance existing revolver; Duluth, Ga., manufacturer and distributor of agricultural equipment and related replacement parts.

BRIGHT HORIZONS FAMILY SOLUTIONS INC.: $440 million senior secured credit facility (Ba3); Goldman Sachs; $75 million six-year revolver talked at Libor plus 350 bps; $365 million seven-year term B talked at Libor plus 400 bps, 3.5% floor, OID 96; help fund buyout by Bain Capital Partners LLC; Watertown, Mass., provider of employer-sponsored child care, early education and work/life services.

DEX MEDIA WEST: $1.19 billion credit facility; JPMorgan and Bank of America; $100 million revolver due October 2013 talked at Libor plus 325 bps to 350 bps, 50 bps commitment fee, 3% Libor floor; $140 million term A due October 2013 talked at Libor plus 325 bps to 350 bps, 3% Libor floor; $950 million term B due October 2014 talked at Libor plus 350 bps to 375 bps, OID 98 area, 3% Libor floor; refinance existing credit facility; publisher of Yellow Pages and White Pages directories.

EB BRANDS: $82 million credit facility; GE Capital and National City, with GE left lead; $30 million revolver at Libor plus 450 bps, OID 981/2; $52 million term loan at Libor plus 450 bps, OID 981/2; help fund acquisition by Cortec; Yonkers, N.Y., designer and marketer of accessories designed for the fitness, gift and travel markets.

GAVILON LLC: $1.5 billion asset-based revolver talked at Libor plus 250 bps, 37.5 bps commitment fee; JPMorgan, BNP Paribas, BOTM, ING, Societe Generale, Barclays, Calyon, Fortis, Credit Suisse and CoBank; help fund acquisition by Ospraie Management from ConAgra Foods Inc.; Omaha, Neb., grain merchandising, fertilizer distribution, agricultural and energy commodities trading and services, and grain, animal and oil seed byproducts merchandising and distribution business.

KAPSTONE PAPER AND PACKAGING CORP.: $585 million five-year senior secured credit facility; LaSalle Bank; $100 million revolver expected at Libor plus 125 bps to 275 bps based on leverage; $485 million term loan expected at Libor plus 125 bps to 275 bps based on leverage; help fund acquisition of MeadWestvaco Corp.'s North Charleston Kraft Division; Northbrook Ill., producer of kraft paper and converter of inflatable dunnage bags.

KINETIC CONCEPTS INC.: $1.1 billion senior secured credit facility (Ba1/BBB-); Bank of America and JPMorgan; $300 five-year million revolver talked at Libor plus 325 bps, 3.25% Libor floor; $800 million five-year term A talked at Libor plus 325 bps, 3.25% Libor floor; help fund acquisition of LifeCell Corp.; San Antonio-based medical technology company.

KLEEN ENERGY SYSTEMS LLC: $1.015 billion credit facility; Goldman Sachs, BNP Paribas, Dexia, HSH Nord Bank, ING, Natixis, Scotia Capital, Union Bank of California and WestLB, with Goldman left lead; $250 million revolver due completion plus eight years talked at Libor plus 175 bps; $450 million construction term A (NA/NA/BBB-) due completion plus eight years talked at Libor plus 175 bps; $315 million construction term B (NA/NA/BBB-) due completion plus 14 years talked at Libor plus 250 bps, 3.25% Libor floor, call protection 103 for four years, then 102, 101; help fund construction of a 620 megawatt power plant in Connecticut.

LYONDELLBASELL INDUSTRIES: Roughly $2.5 billion plus €433 million term B-2 (although less than $2 billion is for sale) talked at Libor plus 375 bps, 3.25% Libor floor, call protection 103, 1011/2, OID guided in low-to-mid 90s; Goldman Sachs, Merrill Lynch, ABN Amro and UBS, with Goldman left lead; help back Basell AF SCA's already completed acquisition of Lyondell Chemical Co.; Netherlands-based polymers, petrochemicals and fuels company.

MCJUNKIN RED MAN CORP.: $500 million in new bank debt; Goldman Sachs and Lehman, with Goldman left lead; $450 million holdco term loan (B3/B-) talked at Libor plus 325 bps, OID to be determined; $50 million ABL revolver add-on (Baa3/BB); fund a dividend to Goldman Sachs Partners; Charleston, W.Va., distributor of pipe, valves and fittings.

MOBILE MINI INC.: $1 billion five-year asset-based revolver talked at Libor plus 250 bps, unused fee 25 bps to 37.5 bps based on usage; Deutsche Bank, Bank of America and JPMorgan; help fund acquisition of Mobile Storage Group Inc. from Welsh, Carson, Anderson & Stowe; Tempe, Ariz., provider of portable storage.

O'REILLY AUTOMOTIVE INC.: $1.2 billion asset-based revolver; Bank of America and Lehman; help fund acquisition of CSK Auto Corp., refinance existing debt and provide liquidity; Springfield, Mo., auto parts retailer.

PITG GAMING: $650 million credit facility; Credit Suisse; $10 million revolver (Ba3/B+) at Libor plus 600 bps, 3.25% Libor floor; $380 million first-lien term loan (Ba3/B+) at Libor plus 600 bps, 3.25% Libor floor, OID 94, non-callable for 2½ years, then 102, 101; $260 million second-lien term loan (Caa1/CCC+) at Libor plus 1,500 bps (1,000 bps cash, 500 bps PIK), 3.25% Libor floor, OID 92, non-callable for 2½ years, then 109, 107, 105; help fund the Majestic Star Casino LLC's Pittsburgh casino.

PQ CORP.: $1.76 billion credit facility; UBS, Goldman Sachs and Lehman Brothers; $200 million revolver (B+) at Libor plus 325 bps; $1.1 billion first-lien term loan (B+) at Libor plus 325 bps, OID 91; $460 million second-lien term loan (B-) at Libor plus 650 bps, OID 87, call protection 102, 101; help back already completed buyout by Carlyle Group and combination with Ineos' silicas business; Malvern, Pa., producer of specialty inorganic chemicals, catalysts and engineered glass products.

ROYALTY PHARMA: $200 million seven-year senior unsecured fixed-rate term loan (BB+/BBB-), four years of call protection; Bank of America; fund the acquisition of royalty interests; pricing expected early May 12 week; New York-based acquirer of revenue-producing intellectual property, principally royalty interests in marketed and late-stage biopharmaceutical products.

SARNOVA: $125 million senior secured credit facility; GE Capital and Orix; $15 million revolver at Libor plus 500 bps, OID 98; $82 million term A at Libor plus 500 bps, OID 98; $28 million delayed-draw term loan at Libor plus 500 bps, OID 98; help fund Water Street Healthcare Partners' acquisitions of Tri-anim Health Services and BoundTree Medical Products, with the newly combined company to be named Sarnova; provider of specialty sales and distribution services for health care and an emergency medical products distributor.

SCIENTIFIC GAMES CORP.: $850 million senior secured credit facility (Ba1/BBB-); JPMorgan; $600 million term loan talked at Libor plus 250 bps; $250 million revolver talked at Libor plus 250 bps; refinance existing credit facility; New York-bsed supplier of technology-based products, systems and services to gaming markets.

SPEEDY CASH: $75.5 million credit facility; Jefferies; $10 million revolver; $65.5 million term loan; help fund a minority sponsor investment by Friedman Fleischer & Lowe; Wichita, Kan., retailer of alternative financial services.

TOPAZ POWER HOLDINGS LLC: $740 million senior secured credit facility (Ba3/BB-); Morgan Stanley, Dexia, ING and Natixis; $615 million construction term loan talked at Libor plus 325 bps; $75 million revolver talked at Libor plus 300 bps; $50 million construction letter-of-credit talked at Libor plus 300 bps; help fund liquidity needs and the cost of building two simple-cycle gas turbine plants, and converting two other plants into combined-cycle gas turbine units; Austin, Texas, power producer.

TYR ENERGY: $96 million credit facility; GE Capital; $89 million seven-year term loan talked at Libor plus 225 bps, 100 bps upfront fee; $7 million debt service reserve letter-of-credit talked at Libor plus 225 bps, 100 bps upfront fee; help fund acquisition of a power plant; Overland Park, Kan., owner of equity interests in power assets and provider of asset management services to those facilities.

UNITED RENTALS INC.: $1 billion asset-based revolver (Baa3/BB+) talked at Libor plus 250 bps; Bank of America, UBS and Wachovia; refinance existing bank debt and for working capital and other corporate purposes; Greenwich, Conn., equipment rental company.

VISTAR CORP.: $1.1 billion asset-based revolver talked at Libor plus 225 bps; Wachovia, Credit Suisse and GE Capital; help fund buyout of Performance Food Group Co. by Blackstone Group and Wellspring Capital Management and merger into Vistar; Denver-based foodservice distributor.

VOPAK TERMINAL BAHAMAS LTD.: $417 million senior secured credit facility; ABN Amro and DnB NOR Bank, with ABN left lead; $85 million eight-year working capital revolver talked at Libor plus 200 bps for years one through five, Libor plus 225 bps for years six through eight, 50 bps unused fee; $325 million eight-year term loan talked at Libor plus 200 bps for years one through five, Libor plus 225 bps for years six through eight; $7 million revolving debt service reserve facility (not being syndicated); help fund formation of the joint venture by First Reserve Corp. and Vopak through the acquisition of Bahamas Oil Refining Co. from Petróleos de Venezuela; Freeport, Bahamas, oil storage terminal.

WEST CORP.: $130 million term loan talked at Libor plus 500 bps, 3.5% Libor floor, OID 97, call protection 105, 102; Wachovia; help fund acquisition of Genesys SA; Omaha, Neb., provider of outsourced communication services.

ON THE HORIZON

19X INC.: $650 million credit facility; Credit Suisse and Deutsche Bank; $50 million 41/2-year revolver expected at Libor plus 450 bps, 75 bps commitment fee; $400 million five-year first-lien term loan expected at Libor plus 450 bps, OID 97; $200 million 51/2-year second-lien term loan expected at Libor plus 750 bps, OID 97, call protection 103, 102, 101; help fund buyout of CKX Inc.; New York-based company engaged in the ownership, development and commercial utilization of entertainment content.

AMERICAN CAMPUS COMMUNITIES INC.: $100 million three-year term loan; KeyBank; also $45 million revolver add-on; help fund acquisition of GMH Communities Trust; Austin, Texas, developer, owner and manager of student housing properties.

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.

CENGAGE LEARNING: $625 million term B add-on; RBS Securities; help fund acquisition of Houghton Mifflin College Division; Stamford, Conn., provider of print and digital instructional and reference materials for the higher education and library reference markets.

CHC HELICOPTER CORP.: $1.25 billion credit facility; Morgan Stanley; $850 million in term loan debt; $150 million revolver; $50 million letter-of-credit facility; $50 million acquisition and capital expenditure loan; $150 million lease backstop facility; help fund buyout by First Reserve Corp.; Vancouver, Can., provider of helicopter services to the global offshore oil and gas industry.

CHESAPEAKE CORP.: $250 million senior secured credit facility; GE Capital; revolver; five-year term loan; seven-year term loan; refinance existing revolver; expected close before the end of June; Richmond, Va., supplier of specialty paperboard and plastic packaging.

CLEAR CHANNEL COMMUNICATIONS INC.: New credit facility; Citigroup, Deutsche Bank, Morgan Stanley, Credit Suisse, RBS and Wachovia; help fund LBO by Thomas H. Lee Partners, LP and Bain Capital Partners, LLC; San Antonio media and entertainment company specializing in "gone from home" entertainment and information services.

DENISON MINES CORP.: $125 million three-year revolver at Libor plus 125 bps to 200 bps, unused fee 40 bps to 55 bps; Bank of Nova Scotia; finance mining operations and the development of uranium projects; Toronto-based uranium producer.

DURA AUTOMOTIVE SYSTEMS INC.: $340 million exit financing credit facility; $150 million first-lien term loan; $110 million revolver; $80 million second-lien term loan provided by some creditors; repay DIP and pre-bankruptcy second-lien term loan and fund plan distributions; Rochester Hills, Mich., automotive parts maker.

ENERGY AND INDUSTRIAL UTILITIES CO. LLC: $425 million credit facility (Ba3/BB); Morgan Stanley and Barclays Capital; $375 million term loan; $50 million revolver; help fund distribution to DTE Energy Services Inc. in connection with buyout of 50% interest by GE Corporate Lending; portfolio of power and industrial projects.

ESSEX CRANE RENTAL CORP.: $190 million five-year asset-based revolver at Libor plus 225 bps; help fund buyout by Hyde Park Acquisition Corp. from Kirtland Capital Partners; Chicago-based owner of a specialized fleet of lattice-boom crawler cranes and attachments.

GETTY IMAGES INC.: $1.045 billion senior secured credit facility; Barclays Capital, GE and RBS; $75 million five-year revolver expected at Libor plus 450 bps, 3.25% Libor floor, 50 bps commitment fee; $705 million seven-year term loan expected at Libor plus 450 bps, 3.25% Libor floor; $265 million 40-day delayed-draw, seven-year final maturity, term loan expected at Libor plus 450 bps, 3.25% Libor floor, 50 bps commitment fee; help fund buyout by Hellman & Friedman LLC; Seattle-based creator and distributor of still imagery, footage and multi-media products, and a provider of other forms of digital content.

GLOBAL BPO SERVICES CORP.: $108.696 million five-year senior secured credit facility; PNC Capital Markets; $100 million revolver expected at a range of Libor plus 200 bps to 250 bps; $5.81 million domestic term loan expected at a range of Libor plus 275 bps to 325 bps; $2.886 million foreign term loan expected at a range of Libor plus 275 bps to 325 bps; in connection with acquisition of Stream Holdings Corp.; Boston-based special-purpose acquisition corporation formed for the purpose of acquiring a business process outsourcing firm.

GREY WOLF INC.: $925 million senior secured credit facility; UBS and Goldman Sachs, with UBS left lead; $600 million term B; $325 million revolver; help fund merger with Basic Energy Services Inc.; Houston-based provider of contract land drilling services and well servicing rig contractor.

HANCOCK FABRICS INC.: $100 million five-year exit financing revolver expected at Libor plus 225 bps; GE Capital; refinance existing debt and for working capital purposes; Baldwyn, Miss., specialty retailer of fabric and related home sewing and decorating accessories.

HEXION SPECIALTY CHEMICALS INC.: New senior secured credit facility; Credit Suisse and Deutsche Bank; help fund acquisition of Huntsman Corp.; Columbus, Ohio, thermoset resins company.

KROTZ SPRINGS: $720 million credit facility; $245 million first-lien term loan; $50 million letter-of-credit facility to support hedging; $425 million ABL revolver; Credit Suisse leading the term loan and letter-of-credit facility, Wachovia leading the revolver; help fund acquisition by Alon USA Energy, Inc.; 85,000 barrel-per-day refinery located in Louisiana.

LEARNING CARE GROUP: $215 million credit facility; Barclays Capital; $40 million revolver; $175 million term loan; help fund Morgan Stanley Private Equity's purchase of a 60% interest in the company from A.B.C. Learning Centres; Novi, Mich., provider of early education and care services.

LINENS 'N THINGS INC.: $700 million DIP revolver at Libor plus 325 bps; GE Capital; Clifton, N.J., home furnishings specialty retailer.

LOCAL TV LLC: New debt financing; Deutsche Bank, UBS, Bank of America and BNP Paribas; help fund Oak Hill Capital Partners' acquisition of eight television stations from News Corp.; portfolio to be jointly managed by Local TV; Covington, Ky., broadcast holding company.

MBF HEALTHCARE ACQUISITION CORP.: Up to $285 million credit facility; Jefferies; $25 million five-year revolver; $140 million to $155 million five-year first-lien term loan; $20 million one-year delayed-draw, with five-year final maturity, term loan; $40 million to $85 million six-year second-lien term loan, call protection 102, 101; help fund acquisition of Critical Homecare Solutions Holdings, Inc. from Kohlberg & Co. LLC; Coral Gables, Fla., blank check company formed for the purpose of acquiring businesses in the health care industry.

NEWSDAY LLC: $650 million secured credit facility; Bank of America; help fund acquisition of Newsday by Cablevision Systems Corp. from Tribune Co.; daily newspaper, serving Long Island and New York City.

NORTEK: New senior secured asset-based revolver; help repay existing senior secured credit facility; Providence, R.I.-based manufacturer and distributor of building products.

PENN NATIONAL GAMING INC.: $7.1 billion in credit facilities; Wachovia and Deutsche Bank, with Wachovia left lead on senior secured, Deutsche left lead on unsecured; $4.6 billion senior secured seven-year term loan; $500 million senior secured 61/2-year revolver; $2 billion eight-year unsecured term loan; help fund buyout by Fortress Investment Group LLC and Centerbridge Partners LP; Wyomissing, Pa., owner and operator of casino and horse racing facilities.

RESOLUTE ENERGY PARTNERS LP: $400 million five-year senior secured revolver; Wachovia; refinance existing bank debt and for general corporate purposes; Denver-based independent oil and gas partnership.

STONE ENERGY CORP.: $700 million revolver; Bank of America; help fund acquisition of Bois d'Arc Energy Inc.; Lafayette, La., oil and natural gas exploration and production company.

TOUSA INC. $650 million 60-day DIP ($135 million if unable to solicit lenders) at Libor plus 525 bps, subject to a floor of 325 bps; Citigroup; help fund restructuring plan and pay normal operating expenses, and refinance first-lien debt; Hollywood, Fla., homebuilder.

TRIZETTO GROUP INC.: New credit facility; RBC Capital Markets; help fund buyout by Apax Partners; Newport Beach, Calif., developer, licenser and supporter of proprietary and third-party software products for the health care industry.


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