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Published on 1/27/2010 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $17.4814 billion deals being marketed

FEBRUARY BANK MEETINGS

IMS HEALTH INC.: Bank meeting Feb. 4 in New York, Jan. 28 in London; $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.

UPCOMING CLOSINGS

ACCELLENT INC.: $75 million five-year senior secured ABL revolver; Wells Fargo Capital administrative agent; refinance debt; Wilmington, Mass., provider of outsourced manufacturing and engineering services to the medical device industry.

APPLETON PAPERS INC.: $100 million five-year asset-based revolver at Libor plus 350 bps to 400 bps based on usage; Fifth Third Bank; refinance existing bank debt; Appleton, Wis., producer of carbonless, thermal, security and performance packaging products.

BIG WEST OIL LLC: $435 million credit facility; Bank of America; $360 million five-year term loan at Libor plus 950 bps, 2.5% Libor floor, OID 97, 101 soft call for one year; $75 million three-year ABL revolver; exit financing; Salt Lake City-based complex high conversion refinery.

BROADLANE: $195 million credit facility (B2/BB-); Jefferies and UBS; $15 million revolver talked at Libor plus 400 bps, 2% Libor floor; $180 million term loan talked at Libor plus 400 bps, 2% Libor floor, OID 981/2; refinance bank and mezzanine debt; Dallas-based technology-oriented health care services company.

BUCYRUS INTERNATIONAL INC.: $1.125 billion credit facility (Ba2/BB); JPMorgan, Bank of America and Macquarie; $1.075 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.

CARIS DIAGNOSTICS INC.: $215 million credit facility (B2); Bank of America; $30 million revolver; $185 million term loan talked at Libor plus 500 bps, 2% Libor floor, OID 98; refinance debt, fund capital expenditures and fund a dividend to the parent holding company; Irving, Texas, provider of academic-caliber anatomic pathology services.

CEDAR FAIR LP: $1.25 billion credit facility (Ba3/BB); Bank of America, JPMorgan, Barclays, UBS and KeyBanc; $1 billion six-year term B talked at Libor plus 375 bps, 1.5% Libor floor, OID 991/2; $250 million five-year revolver talked at Libor plus 375 bps, 1.5% Libor floor; help fund buyout by Apollo Global Management; Sandusky, Ohio, amusement-resort operator.

CHEMTURA CORP.: $450 million DIP; Citigroup; $150 million revolver at Libor plus 400 bps, 2% Libor floor; $300 million term loan at Libor plus 400 bps, 2% Libor floor, OID 991/2; Middlebury, Conn., manufacturer and seller of specialty chemicals and polymer products.

DEL MONTE CORP.: $1.1 billion senior secured credit facility (Baa3); Bank of America, BMO and Barclays; $500 million five-year revolver at Libor plus 275 bps; $600 million five-year term A at Libor plus 275 bps; refinance existing debt; San Francisco-based producer, distributor and marketer of branded food and pet products.

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

EQUINOX HOLDINGS INC.: New revolver; in connection with issuance of senior secured notes; refinance debt; New York-based owner and operator of fitness clubs.

GREAT POINT POWER LLC: $220 million seven-year term loan (Ba1/BB+) talked at Libor plus 375 bps, 2% Libor floor, OID 981/2; Barclays and Bank of America; fund the acquisition of four power generation plants and one transmission facility from Energy Investors Funds; newly formed portfolio company of ArcLight Capital Partners LLC.

LIBBEY INC.: $110 million senior secured asset-based revolver; JPMorgan, Bank of America and Barclays; refinance existing debt; Toledo, Ohio, operator of glass tableware manufacturing plants.

MARQUETTE TRANSPORTATION CO. LLC: $225 million asset-based revolver due 2014 talked at Libor plus 400 bps; Wells Fargo and JPMorgan; general corporate purposes; Paducah, Ky., river freight company.

NUSIL TECHNOLOGY: $185 million credit facility; JPMorgan; $10 million revolver; $175 million term B talked at Libor plus 400 bps, 2% Libor floor, OID 99; dividend recapitalization; Carpinteria, Calif., formulator and manufacturer of silicone compounds.

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.

RESCARE INC.: $275 million revolver (Ba1) expected to range from Libor plus bps to 400 bps based on leverage; JPMorgan and Bank of America; Louisville, Ky., provider of home care to the elderly and persons with disabilities.

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.

SMURFIT-STONE CONTAINER CORP.: $1.85 billion credit facility; JPMorgan, Deutsche Bank and Bank of America; $1.2 billion six-year term loan (B2) talked at Libor plus 500 bps, 2% Libor floor, OID 981/2, 101 soft call for two years; $650 million four-year ABL revolver; exit financing; Chicago-based manufacturer of paperboard and paper-based packaging.

SPANSION INC.: $515 million credit facility; $450 million five-year term loan talked at Libor plus 550 bps, 2.5% Libor floor, OID 98 area, 101 soft call for one year; $65 million ABL revolver; Barclays and Morgan Stanley leading the term loan; exit financing; Sunnyvale, Calif., maker of flash memory products.

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.

SUMMIT MATERIALS LLC: $186.4 million credit facility (B2); Citigroup, UBS and Jefferies; $50 million four-year revolver at Libor plus 475 bps, 2% Libor floor; $136.4 million 41/2-year term loan at Libor plus 475 bps, 2% Libor floor, OID 99; fund acquisition of Hinkle Contracting Corp.; Washington D.C.-based acquirer of companies in the aggregates and heavy-side building materials industry.

VANGUARD HEALTH SYSTEMS INC.: Expected close Jan. 29; $1.075 billion credit facility (Ba2/B+); Bank of America and Barclays; $260 million revolver at Libor plus 350 bps, 1½% Libor floor; $815 million term loan at Libor plus 350 bps, 1½% Libor floor, OID 99; refinance existing debt; Nashville, Tenn., owner and operator of acute care hospitals and complementary facilities and services.

WIDEOPENWEST: $250 million first-lien term loan add-on (B1/B-) at Libor plus 650 bps; Credit Suisse; fund an acquisition; Denver-based cable company.

WM. BOLTHOUSE FARMS INC.: $790 million credit facility; Credit Suisse, Goldman Sachs and Bank of America; $65 million five-year revolver (B1/B+), 2% Libor floor; $500 million six-year first-lien term loan (B1/B+) talked at Libor plus 400 bps, 2% Libor floor, OID 99; $225 million 61/2-year second-lien term loan (Caa1/CCC+) talked at Libor plus 800 bps, 2% Libor floor, OID 98, call protection 103, 102, 101; refinance senior credit facility and holdco PIK perpetual preferred stock; Bakersfield, Calif., farmer and distributor of fresh produce, beverages and salad dressings.

ON THE HORIZON

AIRVANA INC.: $170 million seven-year non-amortizing senior secured loan priced at 14.75%; GSO Capital Partners lead lender, Wilmington Trust Co. agent; help fund by 72 Mobile Holdings LLC; Chelmsford, Mass., provider of mobile broadband network infrastructure products.

BIOSCRIP INC.: $150 million credit facility; Jefferies; $50 million revolver; $100 million term loan; help fund acquisition of Critical Homecare Solutions; Elmsford, N.Y., specialty pharmaceutical health care organization.

CRESCENT RESOURCES LLC: $150 million senior secured first-lien exit financing; RBS; fund repayment of DIP and working capital; Charlotte, N.C., land management and real estate development company.

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.

PRETIUM PACKAGING LLC: New senior debt; help fund buyout by Castle Harlan Inc.; Chesterfield, Mo., manufacturer of custom-designed specialty plastic containers.

QUAD/GRAPHICS INC.: $1.2 billion credit facility; JPMorgan and U.S. Bank; $400 million revolver; $800 million term B; help fund acquisition of World Color Press Inc.; Sussex, Wis., printer of catalogs, magazines and other commercial products.

RESACA EXPLOITATION INC.: New revolver; refinance credit facilities in connection with merger with Cano Petroleum Inc. and for general corporate purposes; 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 ABL 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.

U.S. TELEPACIFIC: $385 million credit facility (B2/CCC+); Credit Suisse, Deutsche Bank and Bank of America; $25 million revolver; $360 million term loan; refinance existing debt; Los Angeles-based competitive local exchange carrier.

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

W.R. GRACE & CO.: New exit facility; Goldman Sachs and Deutsche Bank; Columbia, Md., specialty chemicals company.


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