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Published on 3/30/2009 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $1.128 billion deals being marketed

UPCOMING CLOSINGS

GEORGIA GULF CORP.: $175 million two-year asset securitization credit facility talked at Libor plus 450 bps, 2.5% Libor floor, 100 bps unused fee; GE Capital; Atlanta-based manufacturer and marketer of chlorovinyls and aromatics chemicals, and vinyl-based building and home improvement products.

GRANDE COMMUNICATIONS: $128 million credit facility; Societe Generale and SunTrust; $25 million five-year revolver talked at Libor plus 675 bps, 3% Libor floor, OID 97; $103 million six-year term loan talked at Libor plus 675 bps, 3% Libor floor, OID 97; help fund buyout by ABRY Partners; San Marcos, Texas, provider of high-speed internet, local and long-distance telephone and digital cable services.

SUNGARD DATA SYSTEMS: $350 million three-year asset-based credit facility talked at Libor plus 450 bps, 3% Libor floor, 100 bps unused fee; GE Capital; replace a receivables financing; Wayne, Pa., software and IT services company.

TNS INC.: $250 million term loan (B1) due March 28, 2014 talked at Libor plus 600 bps, 3.5% Libor floor, OID 90, 101 call protection; SunTrust; help fund acquisition of VeriSign Inc.'s communication services group; Reston, Va., provider of business-critical, cost-effective data communications services for transaction-oriented applications.

TRIBUNE CO.: $225 million one-year accounts receivable securitization facility; Barclays; $75 million revolver talked at Libor plus 600 bps, 3% Libor floor; $150 million term loan talked at Libor plus 600 bps, 3% Libor floor; refinance an interim accounts receivable securitization facility; Chicago-based media company.

ON THE HORIZON

INSITUFORM TECHNOLOGIES INC.: $100 million senior credit facility; Bank of America; $50 million term loan; $50 million revolver; help fund acquisition of Corrpro Cos. Inc.; Chesterfield, Mo.-based provider of proprietary trenchless technologies to rehabilitate, replace, maintain and install underground pipes.

IOWA TELECOMMUNICATIONS SERVICES INC.: $75 million term loan due November 2011 at Libor plus 200 bps; Rural Telephone Finance Cooperative; help fund the acquisition of Sherburne Tele Systems Inc.; Newton, Iowa, telecommunications service provider.

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


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