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Published on 8/27/2009 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $4.100 billion deals being marketed

UPCOMING CLOSINGS

BARNES & NOBLE INC.: $1 billion amended and restated four-year asset-backed revolver priced at Libor plus 400 bps; Bank of America, JPMorgan and Wells Fargo Retail Finance; refinance existing revolvers and help fund acquisition of Barnes & Noble College Booksellers Inc.; New York-based bookseller.

GRANDE COMMUNICATIONS: $128 million credit facility; Societe Generale and SunTrust; $25 million five-year revolver at Libor plus 675 bps, 3% Libor floor, OID 97; $103 million six-year term loan 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.

PILGRIM'S PRIDE CORP.: $1.65 billion exit facility; CoBank, Rabobank and Bank of Montreal; $500 million three-year revolver talked at Libor plus 450 bps; $375 million three-year term A talked at Libor plus 500 bps; $775 million five-year term B talked at Libor plus 500 bps; Pittsburg, Texas, poultry processor.

SOTHEBY'S: $150 million three-year asset-based revolver talked at Libor plus 400 bps, 2% Libor floor, 100 bps unused fee; GE Capital; replace existing revolver; New York-based auctioneer of fine art, antiques and decorative art, and jewelry and collectibles.

SPECTRUM BRANDS INC.: $242 million three-year senior secured asset-based revolving exit facility; GE Capital; $197 million revolver at Libor plus 400 bps, 2.5% Libor floor; $45 million first-in, last-out supplemental revolver at Libor plus 1,450 bps, 3% Libor floor; Atlanta-based consumer products company and supplier of batteries, lawn and garden products, pet supplies, shaving and grooming products, household insect control products, personal care products and portable lighting.

SUGARHOUSE CASINO: $180 million credit facility (B-); Credit Suisse and Jefferies; $10 million revolver; $20 million delayed-draw term loan talked at Libor plus 825 bps, 3% Libor floor, OID 96; $150 million term loan talked at Libor plus 825 bps, 3% Libor floor, OID 96; fund construction of the SugarHouse Casino owned by HSP Gaming LP on the Delaware River in Philadelphia.

U-STORE-IT TRUST: $450 million three-year credit facility; Wells Fargo and Bank of America Merrill Lynch; $250 million revolver with pricing ranging from Libor plus 325 bps to 400 bps based on leverage, 1.5% Libor floor; $200 million term loan with pricing ranging from Libor plus 325 bps to 400 bps based on leverage, 1.5% Libor floor; replace existing facility; Wayne, Pa., self-storage real estate investment trust.

WYNNEWOOD REFINING CO.: $300 million credit facility; Deutsche Bank; $150 million term loan (B2/BB-) talked at Libor plus 650 bps to 700 bps, OID 90, 3% Libor floor; $150 million asset-based revolver; refinance debt and for general corporate purposes; Wynnewood, Okla., company that's a wholly owned subsidiary of Gary-Williams Energy Corp.

ON THE HORIZON

ABRAXAS PETROLEUM CORP.: $310 million credit facility; Société Générale; $300 million revolver expected at Libor plus 250 bps to 375 bps based on use, 2% Libor floor; $10 million term loan due Dec. 31, 2010 expected at Libor plus 575 bps, 2% Libor floor; repay existing bank debt in connection with its merger with Abraxas Energy Partners LP; San Antonio, Texas, crude oil and natural gas exploration and production company.

CHICAGO BASEBALL HOLDINGS LLC: $450 million senior debt, including $25 million revolver; help fund Ricketts family's purchase of Chicago Cubs Major League Baseball franchise and Wrigley Field from Tribune Co.

NEWGASCO: 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.

READER'S DIGEST ASSOCIATION INC.: $150 million DIP term loan at Libor plus 1,000 bps, 3.5% Libor floor; JPMorgan; Pleasantville, N.Y., media and marketing company.

SEMGROUP LP: $500 million senior secured revolving exit facility; Tulsa, Okla., provider of midstream services.

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

WARNER CHILCOTT PLC: $2.75 billion credit facility; Bank of America, Credit Suisse, Barclays, Citigroup, JPMorgan and Morgan Stanley; $250 million five-year revolver at Libor plus 350 bps, 2.5% Libor floor; $1 billion five-year term A at Libor plus 350 bps, 2.5% Libor floor, OID 98; $1.5 billion 51/2-year term B at Libor plus375 bps, 2.5% Libor floor, OID 98; help fund acquisition of Procter & Gamble Co.'s pharmaceuticals business and refinance existing debt; Rockaway, N.J., specialty pharmaceutical company.


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