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Published on 2/11/2010 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $12.134 billion deals being marketed

UPCOMING CLOSINGS

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.

BUCYRUS INTERNATIONAL INC.: $1.05 billion credit facility (Ba2/BB); JPMorgan, Bank of America and Macquarie; $1 billion six-year term loan ($875 million U.S. and $125 million Australian dollars) at Libor plus 300 bps, step-down to Libor plus 275 bps at less than 2.0 times leverage, 1.5% Libor floor, OID 991/2, 101 soft call; $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.

CEDAR FAIR LP: $1.45 billion credit facility (Ba3/BB-); Bank of America, JPMorgan, Barclays, UBS and KeyBanc; $1.2 billion six-year term B at Libor plus 375 bps, 1.5% Libor floor, OID 991/2; $250 million five-year revolver at Libor plus 375 bps, 1.5% Libor floor; help fund buyout by Apollo Global Management; Sandusky, Ohio, amusement-resort operator.

CHAPARRAL ENERGY INC.: $400 million senior secured reserve-based revolver; UBS, Credit Suisse and RBS; help repay existing credit facility and for general corporate purposes; Oklahoma City-based independent oil and natural gas production and exploitation company.

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.

DOLE FOOD CO. INC.: $1.2 billion credit facility; Deutsche Bank, Bank of America and Wells Fargo; $850 million seven-year term loan (Ba2/BB-) talked at Libor plus 325 bps to 350 bps, 1.75% Libor floor, OID 99; $350 million four-year ABL revolver talked at Libor plus 400 bps; refinance existing term loan and revolver debt, and 2011 notes; Westlake Village, Calif., fruit and vegetables company.

GLOBAL TEL*LINK CORP.: $245 million credit facility (B1/BB-); Credit Suisse and UBS; $20 million revolver talked at Libor plus 425 bps, 2% Libor floor; $185 million term loan talked at Libor plus 425 bps, 2% Libor floor, OID 99; $40 million delayed-draw term loan talked at Libor plus 425 bps, 2% Libor floor, OID 981/2; refinance existing debt; Mobile, Ala., correctional communications technology company.

GREAT POINT POWER LLC: $220 million seven-year term loan (Ba1/BB+) at Libor plus 350 bps, 2% Libor floor, OID 99; 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.

HARBOR FREIGHT TOOLS: $534 million credit facility; Credit Suisse; $40 million revolver due 2015 talked at Libor plus 325 bps, 2% Libor floor; $494 million term loan due 2016 talked at Libor plus 350 bps, 2% Libor floor, OID 991/4; refinance existing debt; Camarillo, Calif., tool and equipment catalog retailer.

IMS HEALTH INC.: $2.275 billion senior secured credit facility (Ba3/BB); Goldman Sachs, Bank of America, Barclays, HSBC and RBC; $2 billion term loan talked at Libor plus 350 bps to 375 bps, 1.75% Libor floor, OID 98½ to 99; $275 million revolver talked at Libor plus 350 bps to 375 bps, 1.75% Libor floor, OID 98; help fund buyout by TPG Capital and the CPP Investment Board; Norwalk, Conn., provider of market intelligence to the pharmaceutical and health care industries.

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.

SIX FLAGS THEME PARKS INC.: $830 million credit facility (B1); JPMorgan, Bank of America, Barclays and Deutsche Bank; $100 million five-year revolver at Libor plus 425 bps, 150 bps undrawn fee, 2% Libor floor, OID 98; $730 million six-year term loan at Libor plus 375 bps, 2% Libor floor, OID 99, 101 soft call; exit financing; New York-based regional theme park company.

SKYPE TECHNOLOGIES: $800 million U.S. and euro term loan (B1/B+); JPMorgan, Barclays and RBC; U.S. tranche talked at Libor plus 400 bps, 1.75% Libor floor, OID 993/4, 101 soft call; Euro tranche talked at Euribor plus 450 bps, OID 981/2, 101 soft call; refinance existing loan; Luxembourg-based software that enables individuals and businesses to make free video and voice calls, send instant messages and share files with other Skype users.

SPANSION INC.: $515 million credit facility; $450 million five-year term loan at Libor plus 550 bps, 2% Libor floor, OID 98, 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.

U.S. TELEPACIFIC: $395 million credit facility (B2/CCC+); Credit Suisse, Deutsche Bank and Bank of America; $25 million revolver; $370 million 51/2-year term loan at Libor plus 725 bps, 2% Libor floor, OID 98, 101 soft call; refinance existing debt; Los Angeles-based competitive local exchange carrier.

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 five-year 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: $125 million to $150 million exit financing facility; fund repayment of DIP and working capital; Charlotte, N.C., land management and real estate development company.

FAIRPOINT COMMUNICATIONS INC.: $1 billion five-year secured term loan at Libor plus 450 bps, 2% Libor floor; exit financing; Charlotte, N.C., provider of communications services.

PRETIUM PACKAGING LLC: New credit facility; 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.: $200 million revolver due July 1, 2012 with pricing ranging from Libor plus 250 bps to 325 bps based on utilization; Union Bank of North America; 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.

SPECTRUM BRANDS INC.: $1.05 billion credit facility; Credit Suisse, Bank of America and Deutsche Bank; $300 million four-year ABL revolver; $750 million term loan due 2016; refinance debt in connection with merger with Russell Hobbs Inc.; Atlanta-based consumer products company.

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.

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 including a $200 million revolver; Goldman Sachs and Deutsche Bank; Columbia, Md., specialty chemicals company.


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