Bank Loan Calendar: $12.334 billion deals being marketed

FEBRUARY BANK MEETINGS

FRESENIUS SE: Conference call Feb. 26; approximately $996 million U.S. and €165 million euro term loan C due September 2014 talked at Libor plus 300 bps, 1.75% Libor floor, 101 soft call; Deutsche Bank; refinance term loan B; Bad Homburg, Germany, provider of products and services for individuals undergoing dialysis.

HHI HOLDINGS LLC: New credit facility; Bank of America and Credit Suisse; term loan (B3/B+); $140 million ABL revolver; refinance existing debt and fund a dividend; Royal Oak, Mich., supplier of highly engineered metal forgings and machined components, wheel bearings, and powdered metal engine and transmission components.

UPCOMING CLOSINGS

ARDENT HEALTH SERVICES LLC: $475 million credit facility (B1/B); Bank of America, Barclays and GE Capital; $75 million five-year revolver talked at Libor plus 425 bps; $400 million six-year term loan talked at Libor plus 450 bps, 1.5% Libor floor, 101 soft call, OID 981/2; refinance existing debt and fund a dividend; Nashville, Tenn., operator of acute care hospitals and specialty care facilities.

ATI PHYSICAL THERAPY: $170 million credit facility; Barclays and GE Capital; $25 million revolver talked at Libor plus 500 bps, 2% Libor floor, OID 98; $145 million term loan talked at Libor plus 500 bps, 2% Libor floor, OID 98; help fund buyout by GTCR Golder Rauner LLC; Bolingbrook, Ill., rehabilitation provider.

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.

BIOSCRIP INC.: $150 million five-year credit facility (Ba3); Jefferies; $50 million revolver talked at Libor plus 400 bps, 2% Libor floor; $100 million term loan talked at Libor plus 400 bps, 2% Libor floor; help fund acquisition of Critical Homecare Solutions; Elmsford, N.Y., specialty pharmaceutical health care organization.

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.

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.

GLOBAL TEL*LINK CORP.: $245 million credit facility (B1/BB-); Credit Suisse and UBS; $20 million revolver at Libor plus 400 bps, 2% Libor floor; $185 million term loan at Libor plus 400 bps, 2% Libor floor, OID 99; $40 million delayed-draw term loan at Libor plus 400 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.

IMS HEALTH INC.: $2.275 billion senior secured credit facility (Ba3/BB); Goldman Sachs, Bank of America, Barclays, HSBC and RBC; $1.25 billion U.S. term loan at Libor plus 350 bps, 1.75% Libor floor, OID 99; €550 million term loan at Euribor plus 375 bps, 1.75% Libor floor, OID 99; $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.

INTERGRAPH CORP.: $300 million incremental term loan (B1/BB-) talked at Libor plus 400 bps, 2% Libor floor, OID 99, 101 soft call protection; JPMorgan and Goldman Sachs; fund a dividend; Huntsville, Ala., provider of spatial information management software and systems.

INTERNATIONAL LEASE FINANCE CORP.: $750 million senior secured term loan (Ba2/BBB) talked at Libor plus 475 bps to 500 bps, 2% Libor floor, 101 soft call, OID 98; Bank of America and Goldman Sachs; repay some existing debt; Los Angeles-based leaser and remarketer of advanced technology commercial jet aircraft to airlines.

PIERRE FOODS INC.: $260 million term loan (B2/BB-) talked at Libor plus 500 bps to 525 bps, 2% Libor floor, OID 99 area; Deutsche Bank; refinance existing term loan and fund a dividend; Cincinnati, Ohio, producer of fully cooked beef, pork, chicken, turkey, peanut butter and bakery products.

PRIME HEALTHCARE SERVICES INC.: $290 million credit facility; RBC; $40 million five-year revolver talked at Libor plus 400 bps, 2% Libor floor; $250 million six-year term loan talked at Libor plus 400 bps, 2% Libor floor; refinance existing debt, make certain investments and for general corporate purposes; Ontario, Calif., owner and operator of acute care hospitals.

PROVO CRAFT: $170 million credit facility; Bank of America; $50 million revolver; $120 million term loan talked at Libor plus 550 bps, 2% Libor floor, OID 97 to 971/2; help fund buyout by BAML Capital Partners; Spanish Fork, Utah, manufacturer and distributor of craft, hobby, and education products.

REVLON CONSUMER PRODUCTS INC.: $940 million credit facility; Citigroup left lead; $140 million four-year asset-based revolver talked at Libor plus 300 bps, 75 bps commitment fee; $800 million seven-year term loan talked at Libor plus 400 bps, 2% Libor floor, OID 99; refinance existing credit facility; New York-based cosmetics, hair color, beauty tools, fragrances, skincare, anti-perspirants/deodorants and beauty care products company.

SAVERS INC.: $365 million senior secured credit facility (Ba3/B+); JPMorgan; $40 million revolver; $325 million term loan talked at Libor plus 375 bps, 2% Libor floor, OID 99; refinance existing bank and mezzanine debt; Bellevue, Wash., thrift store chain.

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.

STEELRIVER INFRASTRUCTURE PARTNERS LP: $273 million credit facility; BNP Paribas, Scotia Capital and Union Bank; $75 million capital expenditures revolver talked at Libor plus 350 bps to 500 bps based on ratings; $130 million working capital revolver talked at Libor plus 350 bps to 500 bps based on ratings; $68 million term loan talked at Libor plus 500 bps, OID 99; help fund completed acquisition of Dominion Resources Inc.'s Peoples Natural Gas Co. natural gas distribution utility; investment management firm.

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.

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.

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.

NISKA GAS STORAGE PARTNERS LLC: $400 million revolver; general corporate purposes; closing in conjunction with notes offering; Gridley, Calif., owner and operator of natural gas storage assets.

PACIFIC RUBIALES ENERGY CORP.: $200 million two-year senior unsecured revolver; Bank of America; replace existing credit facilities and for general corporate purposes; expected close on or before March 31; Toronto-based producer of natural gas and heavy crude oil.

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.

SKILLSOFT PLC: $365 million senior secured credit facility; Morgan Stanley and Barclays; $40 million five-year revolver; $325 million six-year term loan; help fund buyout by Berkshire Partners LLC, Advent International Corp. and Bain Capital Partners LLC; Dublin, Ireland, provider of on-demand e-learning and performance support services.

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.

W.R. GRACE & CO.: New exit facility including a $200 million revolver; Goldman Sachs and Deutsche Bank; Columbia, Md., specialty chemicals company.

© 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.