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Published on 8/7/2008 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $24.033 billion deals being marketed

AUGUST BANK MEETINGS

BELLISIO FOODS INC.: Bank meeting Aug. 12; $195 million credit facility; GE Capital and NatCity; $30 million revolver; $130 million first-lien term loan; $35 million second-lien term loan; refinance existing debt; Minneapolis-based frozen food manufacturer.

TURNER BROS.: Bank meeting tentatively Aug. 13; $88 million six-year credit facility; GE Capital; $15 million revolver talked at Libor plus 475 bps, OID 98; $73 million term loan talked at Libor plus 475 bps, OID 98; help fund acquisition by Huntsman Gay Capital Partners from Saw Mill Capital; provider of industrial plant maintenance services using its fleet of cranes and specialized transportation equipment.

SEPTEMBER BANK MEETINGS

ASHLAND INC.: $1.75 billion senior secured credit facility; Bank of America and Scotia Capital; $500 million five-year revolver talked at Libor plus 275 bps, 3% Libor floor, 50 bps commitment fee; $500 million five-year term A talked at Libor plus 275 bps, 3% Libor floor; $750 million seven-year term B expected at Libor plus 325 bps, 3% Libor floor; help fund acquisition of Hercules Inc.; Covington, Ky., chemical company.

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

INVITROGEN CORP. (APPLIED BIOSYSTEMS INC.): $2.65 billion senior secured credit facility (BBB-/BBB-); Bank of America, UBS and Morgan Stanley, with Bank of America left lead; $250 million five-year revolver talked around Libor plus 250 bps; $1.5 billion five-year term A talked around Libor plus 250 bps; $900 million seven-year term B; help fund acquisition of Applied Biosystems from Applera Corp. (Celera Corp.), repay debt and for general corporate purposes; Carlsbad, Calif., provider of life science technologies, and developer and marketer of instrument-based systems, consumables, software and services.

UPCOMING CLOSINGS

ALLIEDBARTON SECURITY SERVICES: $380 million senior secured credit facility (Ba3/B+); Credit Suisse, HSBC and GE Capital; $55 million revolver talked at Libor plus 450 bps; $325 million term loan talked at Libor plus 450 bps, 3.25% Libor floor, OID 98; help fund buyout by The Blackstone Group; King of Prussia, Pa., provider of security personnel.

AVAYA INC.: Portion of $3.8 billion term B (Ba3/B) at Libor plus 275 bps, OID in the 88 area; Morgan Stanley and JPMorgan; already funded deal helped fund buyout by Silver Lake and TPG Capital; Basking Ridge, N.J., provider of communication systems, applications and services.

BRICK POWER: $202 million credit facility; Barclays and Goldman Sachs; $20 million revolver talked at Libor plus 350 bps, 3.5% Libor floor, OID 98; $17 million letter-of-credit facility talked at Libor plus 350 bps, 3.5% Libor floor, OID 98; $165 million term loan talked at Libor plus 350 bps, 3.5% Libor floor, OID 98; refinance existing debt; power plant operator.

BROADLANE: $150 million credit facility (Ba3/BB); Jefferies; $15 million revolver at Libor plus 525 bps, 3.25% Libor floor, OID 981/2; $135 million term B at Libor plus 525 bps, 3.25% Libor floor, OID 981/2; help fund buyout by TowerBrook Capital Partners LP from Tenet Healthcare Corp.; Dallas-based technology-oriented health care services company.

CONTEC HOLDINGS: $205 million credit facility; Barclays; $20 million revolver at Libor plus 450 bps; $185 million term B at Libor plus 475 bps, 3% Libor floor; OID 971/2; help fund buyout by Bain Capital; consumer premise equipment repair company providing services to the broadband industry.

CROSS COUNTRY HEALTHCARE INC.: $125 million five-year term loan talked at Libor plus 250 bps; Wachovia and Bank of America; fund acquisition of MDA Holdings Inc.; Boca Raton, Fla., provider of nurse and allied staffing services, clinical trials services and other human capital management services.

ENERGYSOLUTIONS INC.: $200 million letter-of-credit facility talked at Libor plus 250 bps, OID 983/4; Credit Suisse and JPMorgan; Salt Lake City-based provider of nuclear services.

FISERV INSURANCE SOLUTIONS INC.: $385 million credit facility (BB-); Credit Suisse; $50 million five-year revolver talked at Libor plus 450 bps; $335 million six-year term loan talked at Libor plus 450 bps, 3.25% Libor floor, OID 98; help fund Stone Point Capital LLC's already completed acquisition of a 51% interest in the company; Cedar Rapids, Iowa, provider of insurance technology, professional services and outsourcing services.

FTD GROUP INC.: $425 million credit facility; Wells Fargo; $50 million five-year revolver at Libor plus 350 bps, 3% Libor floor; $75 million five-year term A at Libor plus 350 bps, 3% Libor floor; $300 million six-year term B at Libor plus 450 bps, step down to Libor plus 425 bps at 2½ times total leverage, 3% Libor floor, OID 98; also $60 million four-year senior secured term loan at United Online via Silicon Valley Bank priced at Libor plus 350 bps, 3% Libor floor; help fund acquisition by United Online Inc.; Downers Grove, Ill., provider of floral related products and services.

HEALTHPORT INC.: $150 million five-year credit facility; GE Capital and NewStar; $20 million revolver talked at Libor plus 500 bps, 3% Libor floor, OID 98; $130 million term loan talked at Libor plus 500 bps, 3% Libor floor, OID 98; fund an acquisition; Alpharetta, Ga., provider of healthcare information technology systems for physician practices, hospitals and community health centers.

HUDSON PRODUCTS CORP.: $250 million credit facility; BNP Paribas; $30 million five-year revolver talked at Libor plus 500 bps, 3% Libor floor; $220 million seven-year term B talked at Libor plus 500 bps, 3% Libor floor, OID 98; help fund buyout by Riverstone Holdings LLC from the Sterling Group LP; Sugar Land, Texas, designer and manufacturer of air-cooled heat exchanger equipment.

L-1 IDENTITY SOLUTIONS INC.: $435 million senior secured credit facility (Ba3/BB+); Bank of America and Wachovia; $135 million five-year revolver at Libor plus 375 bps, 50 bps commitment fee; $300 million five-year term loan at Libor plus 450 bps, 3% Libor floor, OID 981/2; help fund tender offer for Digimarc Corp.'s outstanding common stock; Stamford, Conn., provider of products and services for protecting and securing personal identities and assets.

MANITOWOC CO. INC.: $2.925 billion credit facility (Ba2/BB+); JPMorgan, Deutsche Bank, Morgan Stanley and BNP Paribas; $1.325 billion six-year term B talked at Libor plus 350 bps, 3% Libor floor, OID 98; $400 million five-year revolver talked at Libor plus 325 bps; $900 million five-year term A talked at Libor plus 325 bps; $300 million 18-month term X talked at Libor plus 325 bps; help fund acquisition of Enodis plc, refinance existing debt and provide ongoing working capital; Manitowoc, Wis., provider of lifting equipment for the construction industry, manufacturer of cold-side equipment for the foodservice industry, and provider of shipbuilding, ship repair and conversion services.

NATIONS PETROLEUM LLC: $325 million term loan talked at Libor plus 750 bps, 3.25% Libor floor, OID 98, call protection 103, 102, 101; Credit Suisse; fund the development of the heavy-oil Lost Hills field in Kern County, Calif.

OTELCO INC.: $100 million-plus term loan add-on at Libor plus 400 bps; GE; fund acquisition of Country Road Communications LLC; also increasing existing term loan and revolver pricing to Libor plus 400 bps from Libor plus 200 bps; Oneonta, Ala., provider of wireline telephone services.

PITTSBURGH CASINO: $435 million of term debt; Credit Suisse; $305 million first-out tranche (B1/BB-) at Libor plus 600 bps, 3.25% Libor floor, OID 94, non-callable for two years, then at 102; $130 million last-out tranche (Caa1/CCC+) at Libor plus 600 bps plus 400 bps PIK, 3.25% Libor floor, OID 94, non-callable for three years, then at 103, 102; help fund construction of the Pittsburgh casino.

QUICKSILVER RESOURCES INC.: $700 million five-year second-lien term loan (B1/B+) at Libor plus 450 bps, 3.25% Libor floor, OID 98, callable at par for two years, then 103, 102, 101; Credit Suisse and JPMorgan; help fund acquisition of producing, leasehold, royalty and midstream assets associated with the Barnett Shale formation in northern Tarrant and southern Denton counties of Texas; expected close Aug. 8; Fort Worth, Texas, natural gas and crude oil exploration and production company.

SAXON ENERGY SERVICES INC.: $350 million senior secured credit facility; RBC Capital Markets and HSBC, with RBC left lead; $65 million five-year revolver talked at Libor plus 400 bps; $285 million six-year term loan talked at Libor plus 400 bps; help fund buyout by Schlumberger Oilfield Holdings Ltd. and First Reserve Corp.; Calgary, Alberta, oilfield services company.

STRATEGIC MATERIALS INC.: $135 million five-year credit facilities; Comerica; $40 million revolver at Libor plus 375 bps, 3% Libor floor, OID 98½ to 99 based on commitment size; $65 million term loan at Libor plus 375 bps, 3% Libor floor, OID 98½ to 99 based on commitment size; $5 million capex facility at Libor plus 375 bps, 3% Libor floor, OID 98½ to 99 based on commitment size; C$10 million revolver at Libor plus 375 bps, 3% Libor floor, OID 98½ to 99 based on commitment size; C$15 million term loan at Libor plus 375 bps, 3% Libor floor, OID 98½ to 99 based on commitment size; refinance existing debt; Houston-based glass processing company.

TEXAS AMERICAN RESOURCES CO.: $300 million credit facility; $125 million reserve-based revolver via BNP Paribas talked at Libor plus 175 bps to Libor plus 250 bps based on use, 50 bps commitment fee; $175 million second-lien term loan via Credit Suisse and BNP Paribas talked at Libor plus 850 bps, 3.25% Libor floor, OID 97; refinance existing debt and for general corporate purposes; Austin, Texas, energy company.

TOWER AUTOMOTIVE INC.: $570 million institutional bank debt (not all of which is available); JPMorgan and Goldman Sachs, with JPMorgan left lead; $510 million first-lien term B at Libor plus 425 bps; $60 million synthetic letter-of-credit facility at Libor plus 425 bps; was used to help fund buyout by Cerberus Capital Management, LP; Novi, Mich., auto parts maker.

TRES PALACIOS GAS STORAGE LLC: $308 million senior secured credit facility; Credit Suisse; $138 million 61/2-year, asset-sale term talked at Libor plus 325 bps, OID 99; $170 million 61/2-year term loan talked at Libor plus 325 bps, OID 99; fund the construction of Tres Palacios, a new underground salt cavern natural gas storage facility in Matagorda and Wharton County, Texas.

WEATHER CHANNEL: $1.22 billion credit facility; Deutsche Bank and GE Capital; $1.07 billion term loan at Libor plus 400 bps, step down to Libor plus 375 bps at 5.25 times total leverage, OID 97, 3.25% Libor floor; $150 million revolver at Libor plus 400 bps; help fund acquisition by NBC Universal, Bain Capital and Blackstone Group from Landmark Communications; Atlanta-based weather company made up of television networks and products for radio, newspapers, digital cable services and interactive television.

WEB SERVICE CO.: $235 million credit facility; GE Capital; $50 million six-year revolver talked at Libor plus 450 bps, 3% Libor floor, OID 98; $185 million six-year term loan talked at Libor plus 450 bps, 3% Libor floor, OID 98; help fund buyout by Code, Hennessy & Simmons LLC; Redondo Beach, Calif., laundry service provider.

WRIGLEY CO.: $4.85 billion senior secured credit facility; Goldman Sachs lead arranger, Barclays, GE Capital, Rabobank and Sumitomo co-arrangers; $250 million revolver talked at Libor plus 325 bps; $1 billion term A talked at Libor plus 325 bps; $3.6 billion term B talked at Libor plus 375 bps, 3% Libor floor, OID 97; help fund acquisition of Wm. Wrigley Jr. Co. by Mars Inc., repay debt and for general corporate purposes; Chicago-based confections company.

YORK LABEL: $190 million credit facility (B1/B+); Bank of America; $23 million five-year revolver; $138 million six-year term loan at Libor plus 500 bps, 3% Libor floor, OID 95; C$2 million five-year revolver; C$27 million six-year term loan; help fund buyout by Diamond Castle; Omaha, Neb., provider of labeling technologies.

ON THE HORIZON

19X INC.: New credit facility; Credit Suisse and Deutsche Bank; help fund buyout of CKX Inc.; New York-based company engaged in the ownership, development and commercial utilization of entertainment content.

APRIA HEALTHCARE GROUP INC.: $150 million senior secured asset-based revolver or, under certain circumstances, $100 million cash flow revolver; Bank of America, Wachovia and Barclays; help fund buyout by the Blackstone Group; Lake Forest, Calif., home health care services company.

ARINC INC.: $770 million credit facility; JPMorgan and Lehman, with JPMorgan left lead; $120 million revolver (B2/B+); $60 million letter-of-credit facility (B2/B+); $395 million first-lien term loan (B2/B+); $195 million second-lien term loan (Caa2/CCC+); help back already completed buyout by the Carlyle Group; Annapolis, Md., provider of transportation communications and systems engineering.

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.

BONTEN MEDIA GROUP INC.: $102.5 million of new term loan debt; Lehman; help fund acquisition of NewsChannel 5 Network LLC from Landmark Communications; New York-based television broadcasting company.

BROCADE COMMUNICATIONS SYSTEMS INC.: New five-year credit facility; Bank of America and Morgan Stanley; $125 million revolver; term loan; help fund acquisition of Foundry Networks Inc.; San Jose, Calif., provider of data center networking services.

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.

CHAPARRAL ENERGY INC.: New credit facility with an initial borrowing base of either $825 million or $1 billion, based on the amount of additional hedges put in place; 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.

ESSEX CRANE RENTAL CORP.: $190 million five-year asset-based revolver at Libor plus 225 bps; Wachovia; 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.

FRESENIUS KABI: $2.2 billion senior credit facility; Deutsche Bank, Credit Suisse and JPMorgan; $150 million five-year revolver available to APP; $300 million five-year revolver available to Fresenius subsidiary; $900 million five-year term A; $850 million six-year term B; help fund acquisition of APP Pharmaceuticals Inc.; Bad Homburg, Germany, infusion therapy and clinical nutrition company.

GARDNER DENVER INC.: New credit facility; help fund acquisition of CompAir Holdings Ltd.; Quincy, Ill., manufacturer of reciprocating, rotary and vane compressors, liquid ring pumps and blowers.

GREENFIELD ONLINE INC.: $175 million credit facility; Ableco Finance LLC; $15 million revolver; $100 million first-lien term loan; $60 million second-lien term loan; help fund buyout by Quadrangle Group LLC; Wilton, Conn., media and services company that collects consumer attitudes about products and services.

HEXION SPECIALTY CHEMICALS INC.: $9.4 billion credit facility; Credit Suisse and Deutsche Bank; $8.4 billion term loan and $1 billion revolver or $7.4 billion term loan and $2 billion asset-based revolver; help fund acquisition of Huntsman Corp.; Columbus, Ohio, thermoset resins company.

LANDRY'S RESTAURANTS INC.: $300 million senior secured credit facility; Wells Fargo Foothill and Jefferies; $50 million five-year revolver expected at Libor plus 400 bps, 3.25% Libor floor, 50 bps commitment fee; $250 million five-year term A expected at Libor plus 400 bps, 3.25% Libor floor; help fund buyout by Fertitta Holdings Inc.; Houston-based restaurant, hospitality and entertainment company.

MBF HEALTHCARE ACQUISITION CORP.: New credit facility; 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.

MERVYNS LLC: $465 million DIP due Dec. 31, 2009; Wachovia; revolving loan A at Libor plus 350 bps; revolving loan B at Libor plus 450 bps; San Francisco-based department store.

PIPELINE DATA INC.: $90 million senior secured credit facility; GE Commercial Finance and Dymas Capital; help fund acquisition of Cocard; Quincy, Mass., provider of credit card transaction processing services.

RC2 CORP.: $325 million senior secured credit facility (Ba2); Bank of Montreal; term loans; revolver; fund acquisition of Children's Publishing Division from Publications International Ltd.; Oak Brook, Ill., designer, producer and marketer of toys, collectibles, and infant and toddler products.

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.

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.

SRAM: New credit facility; GE Capital; help fund acquisition of a minority interest in the business by an equity sponsor; Chicago-based bike components company.

STATS CHIPPAC LTD.: $450 million credit facility; $300 million three-year term loan; $150 million three-year revolver; help pay a cash distribution to shareholders, fund tender offers and for general corporate purposes; Singapore-based provider of semiconductor packaging design, assembly, test and distribution equipment and services.

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

SUNGARD DATA SYSTEMS INC.: $300 million incremental senior secured term loan; Goldman Sachs, Citigroup and Lehman Brothers, with Goldman left lead; in connection with acquisition of a majority stake in GL Trade; for general corporate purposes, including refinancing 3¾% senior secured notes due Jan. 15, 2009; Wayne, Pa., provider of software and processing solutions for financial services, higher education and the public sector.

VERTIS COMMUNICATIONS: $650 million exit financing facility; $250 million senior secured revolver committed by GE; $400 million exit facility committed by Morgan Stanley; help fund restructuring and merger with American Color Graphics; Baltimore-based provider of print advertising and direct marketing services.

VONAGE HOLDINGS CORP.: Up to $125 million five-year senior secured first-lien credit facility at Libor plus 1,000 bps, 4% Libor floor, OID 981/2; Silver Point Finance; help fund the repurchase of convertible notes; Holmdel, N.J., provider of broadband telephone services.

WARNACO GROUP INC.: $300 million five-year asset-based revolver; refinance existing bank debt; New York-based apparel company.


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