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Published on 4/20/2010 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $30.246 billion deals being marketed

APRIL BANK MEETINGS

ASG CONSOLIDATED LLC: New credit facility (Ba3); Bank of America; refinance existing debt; Seattle-based harvester, processor, preparer and supplier of seafood.

DEL TACO LLC: Bank meeting April 23; $190 million five-year credit facility; Wells Fargo; $40 million revolver; $150 million term loan talked at Libor plus 450 bps, 2% Libor floor, OID 98 to 99; refinance existing debt; Lake Forest, Calif., operator and franchiser of restaurants.

MEDICAL PROPERTIES TRUST INC.: Bank meeting April 21; $450 million credit facility; JPMorgan, KeyBank and RBC; $300 million revolver; $150 million term loan; general corporate purposes; Birmingham, Ala., self-advised real estate investment trust focused on net-leased health care facilities.

NATIONAL VISION INC.: Bank meeting April 22; $220 million six-year term loan; JPMorgan; fund a dividend and refinance debt; Lawrenceville, Ga., provider of optical products and services.

RCN METRO FIBER: Bank meeting April 30; $265 million credit facility; SunTrust, GE Capital and Societe Generale; $25 million five-year revolver; $240 million six-year term loan; help fund buyout of RCN Corp. by ABRY Partners; Herndon, Va., broadband services provider.

U.S. RENAL CARE INC.: Bank meeting targeted for April 28; $155 million credit facility; RBC; $30 million revolver; $125 million term loan; help fund the acquisition of Dialysis Corp. of America Inc.; Plano, Texas, provider of outpatient dialysis services.

UNITED STATES INFRASTRUCTURE CORP.: Bank meeting April 21; $158.5 million five-year credit facility; GE Capital and BNP Paribas; $45 million revolver; $113.5 million term loan; help fund buyout by OMERS from Kohlberg & Co.; Carmel, Ind., provider of utility infrastructure locating services.

VIAWEST INC.: Bank meeting April 21; $140 million credit facility; RBC; $10 million revolver talked at Libor plus 450 bps, 2% Libor floor; $110 million first-lien term loan revolver talked at Libor plus 450 bps, 2% Libor floor; $20 million delayed-draw term loan revolver talked at Libor plus 450 bps, 2% Libor floor; help fund buyout by Oak Hill Capital Partners from Trinity Equity Investors, Goldman Sachs & Co. and Quilvest; Denver-based data center and managed services company.

MAY BANK MEETINGS

RCN CABLE: Bank meeting May 7; $620 million credit facility; SunTrust, GE Capital and Societe Generale; $40 million five-year revolver; $580 million six-year term loan; help fund buyout of RCN Corp. by ABRY Partners; Herndon, Va., broadband services provider.

SOUTHERN WINE & SPIRITS OF AMERICA INC.: Bank meeting May 7; $2 billion five-year credit facility; Bank of America; $1 billion revolver; $1 billion term loan; refinance existing debt and for general corporate purposes; Miami-based wine and spirits distributor.

TRIUMPH GROUP INC.: $300 million term loan; RBC; help fund acquisition of Vought Aircraft Industries Inc.; Wayne, Pa.-based designer, engineer, manufacturer and repairer of aircraft components and accessories.

UPCOMING CLOSINGS

24 HOUR FITNESS WORLDWIDE INC.: $675 million credit facility; JPMorgan, Deutsche Bank and Wells Fargo; $75 million five-year revolver; $600 million six-year term B at Libor plus 475 bps, step-down to Libor plus 450 bps at less than 2.5x leverage, 2% Libor floor, OID 98, 101 soft call; refinance existing debt; San Ramon, Calif., fitness center company.

ADVANTAGE SALES & MARKETING: $975 million credit facility; Credit Suisse, Bank of America and UBS; $625 million first-lien term loan talked at Libor plus 375 bps, 2% Libor floor, OID 99; $275 million second-lien term loan talked at Libor plus 750 bps, 2% Libor floor, OID 981/2, call protection 103, 102, 101; $75 million revolver talked at Libor plus 375 bps, 2% Libor floor, OID 98; refinance debt and fund a dividend; Irvine, Calif., consumer packaged goods sales and marketing agency.

AMERICAN GENERAL FINANCE CORP.: $3 billion five-year senior secured term loan (B1) at Libor plus 550 bps, 1.75% Libor floor, OID 981/2; Bank of America; repay existing debt and fund lending activities; Evansville, Ind., consumer finance unit of American International Group.

ASPECT SOFTWARE INC.: $530 million credit facility; JPMorgan; $30 million four-year revolver; $500 million six-year term B talked at Libor plus 450 bps, 1.75% Libor floor, OID 981/2; refinance existing debt; Chelmsford, Mass., software and IT services firm.

ATP OIL & GAS CORP.: New senior secured credit facility; refinance existing bank debt; Houston-based developer and producer of oil and natural gas.

ATRIUM COS. INC.: $185 million six-year term loan talked at Libor plus 500 bps, 2% Libor floor, OID 981/2; UBS; exit facility to repay existing debt; Dallas-based vinyl and aluminum window producer.

BUFFETS HOLDINGS INC.: $250 million five-year first-lien term loan (B3/B-) talked at Libor plus 800 bps cash plus 200 bps PIK, 2% Libor floor, OID 97, call protection 102, 101; Credit Suisse; refinance exit facility; Eagan, Minn., steak-buffet restaurant company.

CHRISTIE/AIX INC.: $172.5 million six-year senior secured term loan at Libor plus 350 bps, 1.75% Libor floor, OID 99; SG and GE Capital; refinance existing debt; wholly owned subsidiary of Cinedigm Digital Cinema Corp., a Morristown, N.J.-based provider of digital cinema platforms.

DS WATERS OF AMERICA INC.: $375 million credit facility (Ba2); JPMorgan; $100 million revolver; $275 million term loan talked at Libor plus 350 bps, 1.5% Libor floor, OID 99; refinance existing debt; Atlanta-based home and office water delivery company.

GENBAND INC.: $250 million term B (B) talked at Libor plus 450 bps, 2% Libor floor, OID 981/2; JPMorgan; help fund acquisition of substantially all assets of the Nortel Carrier VoIP and Application Solutions Business; Plano, Texas, next-generation media and security gateway services provider.

HARVARD DRUG GROUP LLC: $202 million senior secured credit facility (B1/B+); Credit Suisse and UBS; $160 million six-year term loan talked at Libor plus 450 bps, 2% Libor floor, OID 98; $22 million six-year delayed draw term loan talked at Libor plus 450 bps, 2% Libor floor, OID 98; $20 million five-year revolver; help fund already completed buyout by Court Square Capital from H.I.G. Capital LLC; Livonia, Mich., independent pharmaceutical distributor.

HOFFMASTER GROUP INC.: $280 million credit facility; Credit Suisse; $30 million revolver (B1/B+); $160 million first-lien term loan (B1/B+) talked at Libor plus 425 bps, 2% Libor floor, OID 981/2; $90 million second-lien term loan (Caa1/CCC+) talked at Libor plus 825 bps, 2% Libor floor, OID 98, call protection 103, 102, 101; fund a dividend and to refinance existing debt; Oshkosh, Wis., manufacturer of premium disposable tableware products.

IESI-BFC LTD.: $933.5 million credit facility; Bank of America; $345 million term loan due 2016 talked at Libor plus 325 bps, 1.5% Libor floor, OID 99, 101 soft call protection; $588.5 million revolver due 2014 talked at Libor plus 300 bps, 50 bps unused fee; refinance existing debt in connection with acquisition of Waste Services Inc.; Toronto-based waste management company.

IKARIA HOLDINGS INC.: $360 million credit facility (B1/BB-); Credit Suisse; $320 million six-year term loan talked at Libor plus 400 bps, 2% Libor floor, OID 99; $40 million five-year revolver talked at Libor plus 400 bps, 75 bps unused fee, 2% Libor floor, 2% upfront fee; refinance existing debt and fund a dividend; Clinton, N.J., biotherapeutics company.

INTEGRA TELECOM HOLDINGS INC.: $270 million senior secured credit facility; JPMorgan, Deutsche Bank, Goldman Sachs, Jefferies and Morgan Stanley; $210 million term loan (B2/CCC+) at Libor plus 725 bps, 2% Libor floor, OID 98; $60 million revolver (Ba2/B+); refinance existing debt and for general corporate purposes; Portland, Ore., provider of voice and internet services.

INTERSIL CORP.: $465 million credit facility (Ba2/BB+); Morgan Stanley and Bank of America; $390 million six-year senior secured term loan talked at Libor plus 325 bps, 1.5% to 1.75% Libor floor, OID 99½ to par; $75 million 31/2-year revolver talked at Libor plus 300 bps, 50 bps undrawn fee, 1.5% to 1.75% Libor floor, OID 981/2; help fund acquisition of Techwell Inc.; Milpitas, Calif., designer and manufacturer of high-performance analog and mixed-signal semiconductors.

LAMAR MEDIA CORP.: $1.125 billion credit facility (Baa3/BB); JPMorgan, Wells Fargo and SunTrust; $250 million revolver talked at Libor plus 300 bps; $300 million term A talked at Libor plus 300 bps; $575 million term B talked at Libor plus 325 bps, 1.5% Libor floor, OID 991/2; refinance existing debt; Baton Rouge, La., provider of outdoor advertising services.

LIVE NATION ENTERTAINMENT INC.: $1.2 billion senior secured credit facility; JPMorgan, Goldman Sachs and Deutsche Bank; $300 million revolver talked at Libor plus 300 bps, 50 bps commitment fee; $100 million 51/2-year term A talked at Libor plus 300 bps; $800 million 61/2-year term B talked at Libor plus 325 bps, 1.5% Libor floor, OID 99 to 991/2; refinance existing bank debt; Beverly Hills, Calif., producer of live music concerts.

LYONDELL CHEMICAL CO.: $2.25 billion credit facility; $500 billion six-year senior secured term B (Ba3) at Libor plus 400 bps, 1.5% Libor floor, OID 99; $1.75 billion ABL revolver; UBS, Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, Morgan Stanley and Wells Fargo leading term B, Citi left lead on revolver; repay and replace existing debt upon bankruptcy exit; Netherlands-based polymer, petrochemicals and fuels company.

MEDIACOM: $800 million in term loans (Ba3/BB-); JPMorgan (left on Mediacom) and Bank of America (left on Broadband); $250 million term loan E at Mediacom LLC talked at Libor plus 300 bps, 1.5% Libor floor, OID 99 to 991/2; $550 million term loan F at Mediacom Broadband LLC talked at Libor plus 300 bps, 1.5% Libor floor, OID 99 to 991/2; refinance existing debt and for general corporate purposes; Middletown, N.Y.-based developer of cable systems.

MSCI INC.: $1.375 billion senior secured credit facility (Ba2/BB+); Morgan Stanley; $100 million five-year revolver talked at Libor plus 350 bps, 1.5% Libor floor; $1.275 billion six-year term B talked at Libor plus 350 bps, 1.5% Libor floor, OID 99; help fund acquisition of RiskMetrics Group Inc., refinance existing bank debt and fund ongoing working capital needs; New York-based provider of investment decision support tools to investment institutions.

MULTI PACKAGING SOLUTIONS INC.: $212.5 million credit facility (B2/B); Wells Fargo, UBS and Barclays; $30 million five-year revolver at Libor plus 400 bps, upfront fee 99; $182.5 million six-year term loan at Libor plus 450 bps, step down to Libor plus 425 bps based on leverage, 2% Libor floor, OID 99; dividend recapitalization; New York-based entertainment packaging company.

OPEN MOBILE: $175 million senior secured credit facility; Morgan Stanley and SunTrust; $160 million six-year term loan talked at Libor plus 400 bps to 425 bps range, 2% Libor floor, OID 98½ to 99; $15 million four-year revolver talked at Libor plus 375 bps to 400 bps; provider of pre-paid wireless service in Puerto Rico.

PHILLIPS-VAN HEUSEN CORP.: $2.45 billion senior secured credit facility (Ba2/BBB); Barclays, Deutsche Bank, Bank of America, Credit Suisse and RBC; $450 million multicurrency five-year revolver talked at Libor plus 300 bps on U.S., Euribor plus 325 bps on foreign, 50 bps to 100 bps upfront based on order size; $500 million five-year term A talked at Libor plus 300 bps on U.S., Euribor plus 325 bps on euro, 1.75% Libor floor, 50 bps to 100 bps upfront based on order size; $1.5 billion six-year term B talked at Libor plus 325 bps to 350 bps on U.S., Euribor plus 350 bps to 375 bps on euro, 1.75% Libor floor, OID 99; help fund acquisition of Tommy Hilfiger BV from Apax Partners LP and refinance existing senior unsecured notes; New York-based apparel company.

PRIME HEALTHCARE SERVICES INC.: Up to $232 million credit facility (B1); RBC; $72 million term A talked at Libor plus 425 bps, 2% Libor floor, OID 981/2; $155 million to $160 million five-year term B talked at Libor plus 525 bps, 2% Libor floor, OID 971/2; refinance existing debt, make certain investments and for general corporate purposes; Ontario, Calif., owner and operator of acute care hospitals.

QUAD/GRAPHICS INC.: $1.23 billion credit facility (Ba2/BB+); JPMorgan and U.S. Bank; $530 million four-year revolver; $700 million six-year term B at Libor plus 400 bps, 1.5% Libor floor, OID 981/2, 101 soft call; help fund acquisition of World Color Press Inc.; Sussex, Wis., printer of catalogs, magazines and other commercial products.

REYNOLDS AND REYNOLDS CO.: Expected closed April 21; $1.895 billion credit facility (Ba3/BB-); Deutsche Bank, Credit Suisse and Bank of America; $75 million revolver; $1.82 billion seven-year term loan at Libor plus 350 bps, step-down to Libor plus 325 bps at 3.0 times net leverage, 1.75% Libor floor, OID 991/4, 101 soft call; refinance existing debt; Dayton, Ohio, dealer services company.

REYNOLDS GROUP HOLDINGS LTD.: $750 million term loan (B1) talked at Libor plus 425 bps, 1.5% Libor floor, OID 991/2; Credit Suisse; fund acquisitions of the Evergreen Packaging group of companies and the Whakatane Mill from Carter Holt Harvey Ltd.; Auckland, New Zealand, manufacturer and supplier of consumer food and beverage packaging and storage products.

SCOTSMAN INDUSTRIES INC.: $145 million credit facility (B1/B+); GE Capital and UBS; $30 million revolver; $115 million term loan talked at Libor plus 450 bps, 1.75% Libor floor, OID 99; refinance existing debt and fund a dividend; Vernon Hills, Ill., manufacturer of commercial ice machines and related products.

SECURUS TECHNOLOGIES INC.: $210 million credit facility (B); Jefferies; $40 million revolver; $170 million term loan talked Libor plus 600 bps, 2% Libor floor, OID 98, soft call 102, 101; refinance notes and general corporate purposes; Dallas-based provider of inmate communications services, and offender and case management software design.

SHERIDAN PRODUCTION PARTNERS: $600 million seven-year term loan at Libor plus 550 bps, step-down to Libor plus 450 bps at corporate ratings of B2/B or better, 2% Libor floor, OID 981/2; UBS and JPMorgan; refinance existing revolver; Houston-based oil and gas production company.

SRAM CORP.: $315 million credit facility; GE Capital; $25 million revolver talked at Libor plus 350 bps, 1.5% Libor floor, $290 million term loan talked at Libor plus 350 bps, 1.5% Libor floor, OID 99; refinance existing debt; Chicago-based bike components company.

TELCORDIA TECHNOLOGIES INC.: $580 million senior secured credit facility (B1/B+); Credit Suisse; $80 million five-year revolver talked at Libor plus 450 bps, 75 bps commitment fee, 2% Libor floor, OID 98; $500 million six-year first-lien term loan talked at Libor plus 500 bps to 550 bps, 2% Libor floor, OID 98; help fund recapitalization, including bond tender offer; Piscataway, N.J., developer of fixed, mobile and broadband communications software and services.

TPC GROUP LLC: $150 million four-year ABL revolver priced at Libor plus 350 bps; Deutsche Bank; refinance existing debt; expected close on April 13; Houston-based chemicals processor and service provider.

UNIVERSAL CITY DEVELOPMENT PARTNERS LTD.: $900 million 41/2-year term B talked at Libor plus 375 bps, 1.75% Libor floor, OID 991/2; JPMorgan; refinance existing debt; Orlando, Fla., owner and operator of theme parks.

U.S. SILICA CO.: $160 million term loan talked at Libor plus 450 bps, 1.75% Libor floor, OID 99; BNP Paribas; refinance existing debt; Berkeley Springs, W.Va., producer of ground and unground silica sand, kaolin clay, aplite and related industrial minerals.

WILLBROS GROUP INC.: $475 million credit facility (B2/BB-); Credit Agricole and UBS joint bookrunners on term loan B, Credit Agricole bookrunner on revolver; $175 million three-year revolver talked at Libor plus 425 bps, step down to Libor plus 375 bps after an interim period; $300 million four-year term B talked at Libor plus 450 bps to 500 bps, 50 bps step down after an interim period, 2% Libor floor, OID 98 to 981/2; help fund acquisition of InfrastruX Group Inc.; Houston-based independent contractor for the oil, gas, power, refining and petrochemical industries.

ON THE HORIZON

BWAY HOLDING CO.: $565 million senior secured credit facility; Bank of America and Deutsche Bank; $490 million term loan; $75 million revolver; help fund buyout by Madison Dearborn Partners LLC; Atlanta-based supplier of general line rigid containers.

CKE RESTAURANTS INC.: $450 million senior secured credit facility; Bank of America and Barclays; $75 million revolver; $375 million term loan; help fund buyout by Thomas H. Lee Partners; Carpinteria, Calif., owner of Carl's Jr. and Hardee's quick-service restaurant chains.

CRESCENT RESOURCES LLC: $125 million exit financing facility; UBS and Aladdin Capital; fund repayment of DIP and working capital; Charlotte, N.C., land management and real estate development company.

DYNCORP INTERNATIONAL INC.: $715 million senior secured credit facility; Bank of America, Citigroup, Barclays Bank and Deutsche Bank; $565 million term loan; $150 million revolver; help fund buyout by Cerberus Capital Management LP; Falls Church, Va., government services provider in support of U.S. national security and foreign policy objectives.

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.

GENON ENERGY: New credit facility; revolver; term loan; help fund creation through merger of Mirant Corp. and RRI Energy Inc.; Houston-based power producer.

GEO GROUP INC.: $150 million of new financing; BNP Paribas; help fund acquisition of Cornell Cos. Inc.; Boca Raton, Fla., prison operator.

INFOGROUP INC.: $365 million senior secured credit facility; Bank of America; $315 million term loan; $50 million revolver; help fund buyout by CCMP Capital Advisors LLC; Omaha, Neb., provider of data-driven and interactive resources for targeted sales, marketing and research services.

RESACA EXPLOITATION INC.: $200 million revolver due July 1, 2012 with pricing ranging from Libor plus 250 bps to 325 bps based on usage; 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.

SEDGWICK CLAIMS MANAGEMENT SERVICES INC.: New financing commitment; Bank of America and Barclays; help fund buyout by Stone Point Capital LLC and Hellman & Friedman LLC from Fidelity National Financial Inc., Thomas H. Lee Partners LP and Evercore Capital Partners; Memphis, Tenn., provider of claims and productivity management solutions to corporate and institutional clients.

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.

STYRON: New credit facility; Deutsche Bank involved; help fund acquisition by Bain Capital from Dow Chemical; diversified chemicals and plastics company.

VERTIS HOLDING INC.: $600 million in new first-lien debt and $200 million senior secured asset-based revolver; GE Capital left lead on revolver; refinance existing debt; Baltimore-based marketing communications company.

W.R. GRACE & CO.: $1 billion exit facility, including a $200 million revolver; Goldman Sachs and Deutsche Bank; Columbia, Md., specialty chemicals company.


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