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 1/7/2010 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $7.2764 billion deals being marketed

JANUARY BANK MEETINGS

BUCYRUS INTERNATIONAL INC.: Bank meeting Jan. 14; up to $1.25 billion credit facility (Ba2/BB); JPMorgan, Bank of America and Macquarie; up to $1.2 billion six-year term B talked at Libor plus 325 bps, 2% Libor floor, OID 99; $50 million revolver add-on; help fund the acquisition of Terex Corp.'s mining equipment business; Milwaukee, Wis., designer and manufacturer of high-productivity mining equipment for surface and underground mining.

SMURFIT-STONE CONTAINER CORP.: Bank meeting Jan. 13; $1.2 billion six-year term loan talked at Libor plus 500 bps, 2% Libor floor; JPMorgan, Deutsche Bank and Bank of America; also new revolver; exit financing; Chicago-based manufacturer of paperboard and paper-based packaging.

SUMMIT MATERIALS LLC: Bank meeting Jan. 8; $166.4 million credit facility (B2); Citigroup, UBS and Jefferies; $30 million three-year revolver; $136.4 million 31/2-year term loan; fund acquisition of Hinkle Contracting Corp.; Washington D.C.-based acquirer of companies in the aggregates and heavy-side building materials industry.

UPCOMING CLOSINGS

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.

BIG WEST OIL LLC: $435 million credit facility; Bank of America; $360 million five-year term loan talked at Libor plus 950 bps, 3% Libor floor, OID 96; $75 million three-year ABL revolver; exit financing; Salt Lake City-based complex high conversion refinery.

CARMIKE CINEMAS INC.: New term loan and $30 million revolver due January 2013 talked at Libor plus 400 bps, 2% Libor floor; JPMorgan, Citigroup and Macquarie; refinance existing $250.8 million term loan and $50 million revolver; Columbus, Ga., digital cinema and 3D motion picture exhibitor.

DEL MONTE CORP.: $1.1 billion senior secured credit facility (Baa3); Bank of America, BMO and Barclays; $500 million five-year revolver talked at Libor plus 300 bps; $600 million five-year term A talked at Libor plus 300 bps; refinance existing debt; San Francisco-based producer, distributor and marketer of branded food and pet products.

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.

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.

SIX FLAGS THEME PARKS INC.: $830 million credit facility (B1); JPMorgan, Bank of America, Barclays and Deutsche Bank; $150 million five-year revolver talked at Libor plus 425 bps, 150 bps undrawn fee, 2% Libor floor, OID 98; $680 million six-year term loan talked at Libor plus 425 bps, 2% Libor floor, OID 99; exit financing; New York-based regional theme park company.

STEELRIVER INFRASTRUCTURE PARTNERS LP: New credit facility; BNP Paribas, Scotia Capital, BayernLB and Union Bank; fund acquisition of Dominion Resources Inc.'s Peoples Natural Gas Co. natural gas distribution utility; investment management firm.

ON THE HORIZON

CEDAR FAIR LP: $1.25 billion credit facility; JPMorgan, Bank of America, Barclays, UBS and KeyBanc; $250 million revolver; $1 billion term loan; help fund buyout by Apollo Global Management; Sandusky, Ohio, amusement-resort operator.

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

IMS HEALTH INC.: $2.275 billion senior secured credit facility; Goldman Sachs, Bank of America, Barclays, HSBC and RBC; $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.

P.H. GLATFELTER CO.: $100 million credit facility; Credit Suisse; help fund acquisition of Concert Industries Corp.; York, Pa., manufacturer of specialty papers and engineered paper products.

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.

TALBOTS INC.: $200 million 31/2-year 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.