E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/16/2009 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $11.543 billion deals being marketed

UPCOMING CLOSINGS

ADVANCED DISPOSAL SERVICES INC.: $375 million senior secured credit facility (Ba3/B+); Bank of America; $225 million revolver talked at Libor plus 275 bps to 400 bps based on leverage; $150 million term B talked at Libor plus 400 bps, 2% Libor floor, OID 98; refinance existing debt; Jacksonville, Fla., non-hazardous and solid waste disposal company.

ALLION HEALTHCARE INC.: $115 million credit facility; Fifth Third Bank; $20 million revolver at Libor plus 550 bps, 2% Libor floor; $95 million term loan at Libor plus 550 bps, 2% Libor floor; help fund buyout by H.I.G. Capital LLC; Melville, N.Y., provider of specialty pharmacy and disease management services.

AMN HEALTHCARE SERVICES INC.: $185 million credit facility (Ba1/BB); Bank of America and SunTrust; $75 million three-year revolver at Libor plus 400 bps; $110 million four-year term loan at Libor plus 400 bps, 2.25% Libor floor; OID 96; refinance existing credit facility; San Diego-based health care staffing company.

ATI HOLDING CO.: $200 million senior secured credit facility (B1); Goldman Sachs; $35 million revolver; $165 million term loan talked at Libor plus 500 bps, 2.25% Libor floor, OID 98; help fund buyout by BC Partners from the Riverside Co.; Dallas-based operator of career training centers.

BUTLER SCHEIN ANIMAL HEALTH: $330 million credit facility (B1/BB); JPMorgan; $300 million term B talked at Libor plus 350 bps, 2% Libor floor, OID 99; $30 million revolver talked at Libor plus 350 bps; help fund combination of Henry Schein Inc.'s U.S. animal health businesses and Butler Animal Health Supply, and to refinance debt; Dublin, Ohio, companion animal health distribution company.

COOPER-STANDARD AUTOMOTIVE INC.: $175 million DIP term loan due Aug. 3, 2010 at Libor plus 600 bps, 2% Libor floor; Deutsche Bank; refinance existing DIP term loan Novi, Mich., manufacturer and marketer of systems and components for the automotive industry.

HAYES LEMMERZ INTERNATIONAL INC.: $150 million term loan at Libor plus 950 bps, 2% Libor floor, OID 96; Deutsche Bank; exit financing; Northville, Mich., maker of automotive and commercial highway wheels.

LIVINGSTON INTERNATIONAL INCOME FUND: C$255 million credit facility; RBC and CIBC; C$100 million revolver talked at Libor plus 500 bps, 2% Libor floor, OID 98; C$50 million term A talked at Libor plus 500 bps, 2% Libor floor, OID 98; C$75 million term loan B talked at Libor plus 550 bps, 2% Libor floor, OID 98; C$30 million delayed-draw term loan talked at Libor plus 500 bps, 2% Libor floor, OID 98; help fund buyout by CPP Investment Board and Sterling Partners; Toronto-based provider of customs, transportation and integrated logistics services.

MEG ENERGY CORP.: $450 million credit facility (B2/BB+); Barclays and Credit Suisse; $300 million term loan due April 2016 talked at Libor plus 400 bps, 2% Libor floor, OID 981/2; $150 million revolver due January 2013 talked at Libor plus 400 bps, OID 98; fund future expenditures; Calgary, Alta., oil sands development company.

MULTIPLAN INC.: $315 million incremental term loan (B1) at Libor plus 425 bps, 2% Libor floor, OID 98; Goldman Sachs, Bank of America and Credit Suisse; refinance term loan debt at Viant Inc. in connection with the acquisition of Viant; New York-based provider of health care cost management services.

ONE CALL MEDICAL INC.: $88 million credit facility; Bank of Ireland and GE Capital; $15 million revolver talked at Libor plus 575 bps, 2% Libor floor, OID 98; $73 million term loan talked at Libor plus 575 bps, 2% Libor floor, OID 98; help fund buyout by Odyssey Investment Partners LLC from TA Associates; Parsippany, N.J., medical cost containment company.

PILGRIM'S PRIDE CORP.: $1.75 billion exit facility; CoBank, Rabobank and Bank of Montreal; $600 million three-year revolver at Libor plus 450 bps; $375 million three-year term A at Libor plus 500 bps; $775 million five-year term B at Libor plus 500 bps; Pittsburg, Texas, poultry processor.

PILOT TRAVEL CENTERS LLC: $2.15 billion senior secured credit facility (Ba2/BBB-); Bank of America and Wells Fargo; $500 million revolver at Libor plus 325 bps, 2% Libor floor; $500 million term A at Libor plus 325 bps, 2% Libor floor; $800 million term B at Libor plus 325 bps, 2% Libor floor, OID 99; $350 million term C (not being syndicated); fund the acquisition of Flying J. Inc.'s travel plaza business; Knoxville, Tenn., operator of travel centers.

PINNACLE FOODS GROUP LLC: $870 million incremental senior secured bank debt (B2); Barclays Capital, Credit Suisse, Bank of America, HSBC and Macquarie Capital; $850 million incremental term C talked at Libor plus 500 bps, 2.5% Libor floor, OID 99; $20 million incremental revolver; help fund acquisition of Birds Eye Foods Inc. from Vestar Capital Partners, Pro-Fac Cooperative and management; Cherry Hill, N.J., manufacturer and distributor of branded packaged foods.

PODS ENTERPRISES INC.: $145 million credit facility; Barclays, GE Capital and Golub Capital; $25 million revolver at Libor plus 550 bps, 2% Libor floor, OID 98; $120 million term loan at Libor plus 550 bps, 2% Libor floor, OID 98; refinance existing bank debt; Clearwater, Fla., provider of moving and storage services.

STEELRIVER INFRASTRUCTURE PARTNERS LP: $375 million credit facility; BNP Paribas, Scotia Capital, BayernLB and Union Bank; $175 million three-year working capital revolver talked at Libor plus 400 bps; $100 million three-year capex revolver talked at Libor plus 400 bps; $100 million 31/2-year holdco term loan talked at Libor plus 600 bps, OID 981/2; fund acquisition of Dominion Resources Inc.'s Peoples Natural Gas Co. and Hope Gas Inc. natural gas distribution utilities; investment management firm.

TARGA RESOURCES INC.: Up to $630 million senior secured credit facility (B1/BB-); Deutsche Bank, Credit Suisse and Citadel; $125 million to $130 million 41/2-year revolver talked at Libor plus 400 bps to 425 bps, 75 bps unused fee; $500 million 61/2-year term B talked at Libor plus 400 bps to 425 bps, 2% Libor floor, OID 98½ to 99; refinance notes and bank debt; Houston-based provider of midstream natural gas and natural gas liquid.

TASC INC.: $690 million senior secured credit facility (Ba2/BB); Barclays, Deutsche Bank and RBC; $100 million revolver at Libor plus 350 bps, 2% Libor floor, OID 98; $200 million term A at Libor plus 350 bps, 2% Libor floor, OID 99; $390 million term B at Libor plus 375 bps, 2% Libor floor, OID 99; help fund buyout by General Atlantic LLC and Kohlberg Kravis Roberts & Co. from Northrop Grumman Corp.; Chantilly, Va., provider of advanced systems engineering and technical assistance.

VALERUS COMPRESSION SERVICES: $350 million asset-based revolver talked at Libor plus 450 bps; JPMorgan and Barclays; help fund buyout by TPG Capital; Houston-based provider of natural gas handling services.

WARNER CHILCOTT PLC: $350 million term B-1 add-on at Libor plus 350 bps, 2.25% Libor floor, OID 99 5/8; Bank of America; repay subordinated notes; Rockaway, N.J., specialty pharmaceutical company.

WM. WRIGLEY JR. CO.: $1.85 billion in new term loans; JPMorgan and Goldman Sachs; $1 billion three-year term loan at Libor plus 275 bps, OID 991/2, 101 soft call; $850 million five-year term loan at Libor plus 300 bps, OID 991/2, 101 soft call; refinance existing term loan B; Chicago-based confections company.

ON THE HORIZON

ALLEN-VANGUARD CORP.: $87.15 million credit facility; $47.15 junior secured term loan; $30 million revolver; $10 million documentary credit facility; in connection with buyout by Versa Capital Management Inc.; Ottawa provider of proprietary services for protection and counter-measures against hazardous devices of all kinds.

DENBURY RESOURCES INC.: $1.6 billion four-year revolver; JPMorgan; help fund acquisition of Encore Acquisition Co.; Plano, Texas, exploration and production company.

GEORGIA GULF CORP.: New senior secured asset-based revolver; refinance existing debt; Atlanta-based manufacturer and marketer of chlorovinyls and aromatics chemicals, and vinyl-based building and home improvement products.

IMS HEALTH INC.: $2.275 billion senior secured credit facility; Goldman Sachs; $2 billion term loan; $275 million revolver; help fund buyout by TPG Capital and the CPP Investment Board; Norwalk, Conn., provider of market intelligence to the pharmaceutical and health care industries.

MADISON SQUARE GARDEN: $375 million five-year senior secured revolver; for working capital needs, ongoing capital expenditures and other general corporate purposes; business includes venues, sports teams, media properties and a live entertainment portfolio.

NORTEK INC.: $250 million asset-based exit revolver; Bank of America, GE Capital, Wells Fargo Foothill and PNC Bank; replace an existing facility, and for working capital and other general corporate purposes; Providence, R.I., manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products.

POSTROCK ENERGY CORP.: New credit facility; help create new company from merger of Quest Resource Corp., Quest Energy Partners LP and Quest Midstream Partners LP; Oklahoma City-based energy company.

QUADRAMED CORP.: New debt financing; Wells Fargo Foothill and Silicon Valley Bank; help fund buyout by Francisco Partners; Reston, Va., provider of healthcare information technologies and services.

RESACA EXPLOITATION INC.: New first- and second-lien credit facility; Union Bank of California expected to be involved; refinance credit facilities in connection with merger with Cano Petroleum Inc.; Houston-based oil and gas company.

SIGMA-TAU GROUP: New term loan; help fund acquisition of Enzon Pharmaceuticals Inc.'s specialty pharmaceutical business; Rome-based pharmaceutical group.

SILICON STORAGE TECHNOLOGY INC.: New debt financing commitment; help fund buyout by Prophet Equity LP; Sunnyvale, Calif., designer, manufacturer and marketer of memory and non-memory products for high-volume applications in the digital consumer, networking, wireless communications and internet computing markets.

TALBOTS INC.: $200 million senior secured revolver at Libor plus 450 bps, 100 bps unused fee; GE Capital; for ongoing working capital needs and, if needed, to help repay debt; Hingham, Mass., retailer and direct marketer of women's apparel, shoes and accessories.

VIASYSTEMS GROUP INC. $75 million four-year asset-based revolver; Wachovia; help fund merger with Merix Corp.; St. Louis-based printed circuit board manufacturer.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.