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Published on 9/14/2010 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $33.288 billion deals being marketed

SEPTEMBER BANK MEETINGS

DINEEQUITY INC.: New credit facility; Barclays and Goldman Sachs; refinance debt; Glendale, Calif., owner of Applebee's Neighborhood Grill & Bar and IHOP Restaurants.

GRIFOLS: Institutional launch expected in September; $3.4 billion credit facility (Ba3/BB); Deutsche Bank, Nomura, BBVA, BNP Paribas, HSBC and Morgan Stanley; $300 million revolver; $750 million term A talked at Libor plus 375 bps/Euribor plus 400 bps; $2.35 billion term B talked at Libor plus 400 bps/Euribor plus 425 bps; help fund acquisition of Talecris Biotherapeutics Holdings Corp.; Spain-based health care company and producer of plasma protein therapies.

ILLUMINATION AND DETECTION SOLUTIONS: $193 million credit facility; UBS; $15 million five-year revolver; $178 million six-year term loan; help fund buyout by Veritas Capital from PerkinElmer Inc.; provider of custom-designed specialty lighting and sensor components, subsystems and integrated products.

PEAK 10 INC.: Bank meeting Sept. 15; $155 million credit facility; RBC; $15 million revolver; $140 million term B; help fund buyout by Welsh, Carson, Anderson & Stowe from Seaport Capital and McCarthy Capital; data center operator and managed services provider.

UPCOMING CLOSINGS

ABITIBIBOWATER INC.: $600 million four-year asset-based revolver at Libor plus 300 bps, 75 bps unused fee; Citigroup, Barclays and JPMorgan; exit financing; Montreal-based producer of newsprint, commercial printing papers, market pulp and wood products.

ADVANCE PIERRE FOODS: $1.14 billion credit facility; Credit Suisse, Barclays, Morgan Stanley and BMO; $75 million ABL revolver; $835 million first-lien term loan (B1/B+) talked at Libor plus 525 bps, 1.75% Libor floor, OID 98, 101 soft call; $230 million second-lien term loan talked at Libor plus 875 bps, 1.75% Libor floor, OID 98, call protection 103, 102, 101; help fund creation through merger of Pierre Foods Inc., Advance Food Co. Inc. and Advance Brands LLC; Cincinnati-based supplier of value-added protein and handheld convenience food products to the foodservice, school, retail, club, vending and convenience store channels.

ALLIANCE LAUNDRY SYSTEMS LLC: $345 million senior secured credit facility; Bank of America; $60 million five-year revolver; $285 million six-year term loan talked at Libor plus 475 bps, 1.75% Libor floor, OID 98 to 99, 101 soft call; refinance existing debt; Ripon, Wis., provider of laundry products and services.

ALLIANT TECHSYSTEMS INC.: $1 billion credit facility; Bank of America, RBS, US Bank, Wells Fargo and SunTrust; $400 million five-year term A talked at Libor plus 225 bps; $600 million five-year revolver talked at Libor plus 225 bps; refinance existing bank debt; Minneapolis-based aerospace and defense company.

ALPHA PACKAGING: $150 million credit facility; Bank of Ireland, BMO and GE Capital; $20 million revolver talked at Libor plus 500 bps, 1.75% Libor floor, OID 981/2; $100 million term B talked at Libor plus 500 bps, 1.75% Libor floor, OID 981/2; $30 million delayed-draw one-year term loan talked at Libor plus 500 bps, 1.75% Libor floor, OID 98, 100 bps unused fee; help fund buyout by Irving Place Capital; St. Louis-based manufacturer of bottles and jars.

ASPEN DENTAL: $230 million credit facility; UBS and Jefferies; $150 million six-year first-out term loan (B1) talked at Libor plus 500 bps to 525 bps, 1.75% Libor floor, OID 98; $45 million six-year last-out term loan (Caa1) talked at Libor plus 725 bps to 775 bps, 1.75% Libor floor, OID 98; $35 million five-year revolver (B1); help fund buyout by Leonard Green & Partners LP; provider of denture and dental care services.

BURGER KING HOLDINGS INC.: $1.9 billion credit facility; JPMorgan and Barclays; $1.75 billion term loan talked at Libor plus 475 bps, 1.75% Libor floor, OID 981/2; $150 million revolver; help fund buyout by 3G Capital and refinance existing debt; Miami-based fast food hamburger chain.

CHG HEALTHCARE SERVICES: $355 million credit facility; Barclays, Bank of America and Goldman Sachs; $70 million revolver talked at Libor plus 500 bps to 550 bps, 1.75% Libor floor; $225 million first-lien term loan talked at Libor plus 500 bps to 550 bps, 1.75% Libor floor, OID 98, 101 soft call; $60 million second-lien term loan talked at Libor plus 900 bps to 950 bps, 1.75% Libor floor; repay debt and fund a dividend; Salt Lake City-based physicians staffing provider.

CLOPAY AMES TRUE TEMPER HOLDING CORP. (GRIFFON CORP.): $600 million credit facility; Goldman Sachs leading term loan, JPMorgan leading revolver; $500 million six-year term loan (B2/BB); $100 million four-year asset-based revolver (Ba2/BB+); help fund acquisition of Ames True Temper Inc. from Castle Harlan Inc.; New York-based manufacturing company.

CONCHO RESOURCES INC.: $800 revolver million add-on with pricing ranging from Libor plus 200 bps to 300 bps based on debt outstanding; JPMorgan and Bank of America; help fund the acquisition of all the oil and gas assets of Marbob Energy Corp.; Midland, Texas, oil and natural gas company.

DENNY'S CORP.: $300 million credit facility (B1/B+); Bank of America and Wells Fargo; $250 million term loan talked at Libor plus 475 bps to 500 bps, 1.75% Libor floor, OID 98 to 981/2, 101 soft call; $50 million revolver; refinance debt; Spartanburg, S.C., restaurant franchise operator.

EVERTEC: $400 million senior secured credit facility (Ba3/BB-); Bank of America and Morgan Stanley; $350 million term loan at Libor plus 525 bps, 1.75% Libor floor, OID 97, 101 soft call; $50 million revolver; help fund acquisition of 51% interest by Apollo Management LP from Popular Inc.; processor of banking transactions.

FIRST RESERVE CRESTWOOD HOLDINGS LLC: $530 million credit facility; Bank of America (left on term loan), BNP Paribas (left on revolver) and RBC; $180 million holdco term loan (Caa1) talked at Libor plus 850 bps, 2% Libor floor, OID 98; $350 million opco revolver talked at Libor plus 275 bps; help fund the acquisition of Quicksilver Resources Inc.'s interests in Quicksilver Gas Services; provider of natural gas gathering and processing services.

FORTRESS INVESTMENT GROUP LLC: $440 million credit facility; Bank of America; $100 million revolver; $340 million term loan talked at Libor plus 400 bps, 1.75% floor, non-call two, 101, 101; refinance existing debt; New York-based investment management firm..

FTI CONSULTING INC.: $250 million five-year revolver; Bank of America; Baltimore-based management services company.

GENCO DISTRIBUTION SYSTEMS INC.: $450 million revolver; PNC Bank and Wells Fargo; help fund acquisition of ATC Technology Corp.; Pittsburgh-based third-party provider of logistics services.

GENON ENERGY: $1.5 billion credit facility (B2); JPMorgan, Credit Suisse, Deutsche Bank, Morgan Stanley and Goldman Sachs; $500 million seven-year term B talked at Libor plus 450 bps, 1.75% Libor floor, OID 981/2; $1 billion revolver; help fund creation through merger of Mirant Corp. and RRI Energy Inc.; Houston-based power producer.

GRAHAM PACKAGING CO. INC.: $350 million term D (B1/B+/B+) talked at Libor plus 450 bps, 1.75% Libor floor, OID 99; Deutsche Bank and Citigroup; help fund acquisition of Liquid Container LP; York, Pa., designer, manufacturer and seller of technology-based, customized blow-molded plastic containers.

GREENFIELD SOUTH POWER CORP.: $335 million term loan (B1) talked at Libor plus 500 bps, 2% Libor floor, OID 94, non-call two, 104, 102, 101; Credit Suisse and Morgan Stanley; help fund construction of a natural gas-fired combined cycle electricity generating facility in Mississauga, Ont.

HEARTHSIDE FOOD SOLUTIONS: $280 million senior secured credit facility; Rabobank, GE Capital and Bank of America; $35 million five-year revolver talked at Libor plus 600 bps, 2.25% Libor floor; $245 million six-year term loan talked at Libor plus 600 bps, 2.25% Libor floor, OID 98; help fund the acquisition of Consolidated Biscuit Co. and the cereal division of Golden Temple of Oregon; Downers Grove, Ill., manufacturer of specialty food products.

HGI HOLDINGS INC.: $365 million credit facility (B1/B+); Goldman Sachs, Jefferies and Morgan Stanley; $50 million five-year revolver talked at Libor plus 475 bps, 1.75% Libor floor, OID 98; $315 million six-year term loan talked at Libor plus 500 bps, 1.75% Libor floor, OID 98, 101 soft call; help fund buyout by Clayton, Dubilier & Rice LLC and GS Capital Partners from the Jordan Co. and members of the Harrington family; Cleveland-based mail-order, direct-to-home provider of specialty medical products for chronic disease patients.

MEDICAL CARD SYSTEMS: $175 million five-year term loan at Libor plus 1,000 bps, 2% Libor floor, OID 97, soft call 102, 101; Jefferies and Deutsche Bank; refinance existing debt and fund a dividend; managed care provider in Puerto Rico.

MULTIPLAN INC.: $1.375 billion credit facility (Ba3/B); Barclays, Bank of America and Credit Suisse; $75 million revolver at Libor plus 475 bps, 1.75% Libor floor; $1.3 billion term loan at Libor plus 475 bps, 1.75% Libor floor, OID 98, 101 soft call; help fund buyout by BC Partners and Silver Lake; New York-based provider of health care cost management services.

NBTY INC.: $1.95 billion to $2 billion senior secured credit facility (Ba3/BB-); Barclays, Bank of America and Credit Suisse; $1.5 billion term B at Libor plus 450 bps, step down to Libor plus 425 bps based on leverage, 1.75% Libor floor, OID 99; $250 million term A at Libor plus 425 bps, 1.75% Libor floor; $200 to $250 million revolver at Libor plus 425 bps, 1.75% Libor floor; help fund buyout by the Carlyle Group; Ronkonkoma, N.Y., manufacturer and marketer of nutritional supplements.

OSHKOSH CORP.: $1.2 billion credit facility (Ba2/BB-); Bank of America and JPMorgan; $550 million revolver talked at Libor plus 300 bps; $650 million term A talked at Libor plus 300 bps; refinance existing bank debt; Oshkosh, Wis., designer, manufacturer and marketer of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies.

RADIO ONE INC.: $400 million senior secured credit facility (Ba3/BB-); Deutsche Bank; $50 million revolver; $350 million term B talked at Libor plus 525 bps, 1.5% Libor floor, OID 99; refinance existing credit facility; Lanham, Md., diversified media company.

REYNOLDS GROUP HOLDINGS LTD.: $1.5 billion in new loans (Ba3/BB); Credit Suisse, HSBC and Australia New Zealand Bank; $1 billion term B talked at Libor plus 500 bps, 2% Libor floor, OID 98, 101 soft call; $500 million term A talked at Libor plus 450 bps, 2% Libor floor, OID 99; help fund acquisition of Pactiv Corp.; Chicago-based manufacturer and supplier of consumer food and beverage packaging and storage products.

STRATEGIC PARTNERS: $205 million credit facility (B1/B); Credit Suisse and Bank of America; $30 million revolver at Libor plus 550 bps, 1.75% Libor floor; $175 million term loan at Libor plus 550 bps, 1.75% Libor floor, OID 99; help fund buyout by BAML Capital; Chatsworth, Calif., designer and manufacturer of medical, school and footwear uniforms.

TOMKINS PLC: $1.6 billion credit facility; Citigroup, Bank of America, Barclays, RBC and UBS; $1 billion six-year term B talked at Libor plus 475 bps, 1.75% Libor floor, OID 98 to 99; $300 million revolver; $300 million term A; help fund buyout by Onex Corp. and Canada Pension Plan Investment Board; London-based engineering and manufacturing group.

UNITED COMPONENTS INC.: $500 million credit facility (Ba3); Bank of America and Deutsche Bank; $425 million term B talked at Libor plus 450 bps to 475 bps, 1.75% Libor floor, OID 98½ to 99; $75 million revolver; refinance existing senior secured term loan due 2012 and senior subordinated notes due 2013; Evansville, Ind., vehicle replacement parts company.

UNIVERSAL HEALTH SERVICES INC.: $3.45 billion senior secured credit facility (Ba2/BB+); JPMorgan and Deutsche Bank; $800 million revolver at Libor plus 325 bps; $1.05 billion term A at Libor plus 325 bps; $1.6 billion term B at Libor plus 400 bps, 1.5% Libor floor, OID 981/2, 101 soft call; help fund acquisition of Psychiatric Solutions Inc.; King of Prussia, Pa., owner and operator of acute care hospitals and behavioral health care facilities and schools.

U.S. GAS & ELECTRIC INC.: $125 million second-lien term loan talked at 10% to 11% cash plus 3% to 4% PIK, for pricing in the 14% area, OID 98; Macquarie Capital; refinance existing debt and back the acquisition of a similar company; provider of energy supply to commercial and residential consumers.

VALEANT PHARMACEUTICALS INTERNATIONAL INC. $1.875 billion credit facility; Goldman Sachs, Morgan Stanley and Jefferies; $250 million revolver talked at Libor plus 375 bps to 400 bps; $750 million term A talked at Libor plus 375 bps to 400 bps; $725 million term B talked at Libor plus 400 bps to 425 bps, 1.75% Libor floor, OID 981/2; $150 million delayed draw term B talked at Libor plus 400 bps to 425 bps, 1.75% Libor floor, OID 981/2, 75 bps undrawn fee; help fund merger with Biovail Corp.; Mississauga, Ont., specialty pharmaceutical company.

VERTIS HOLDING INC.: $690 million credit facility; Credit Suisse and Citadel leading term loans, GE Capital, Bank of America and Citibank on revolver; $500 million first-lien term loan (B2) talked at Libor plus 900, 2% Libor floor, OID 97, call protection 104, 103.5, 102, 101; $190 million asset-based revolver; refinance existing debt; Baltimore-based marketing communications company.

VISANT CORP.: $1.425 billion credit facility (Ba3/BB-); Credit Suisse, Goldman Sachs, Barclays, Deutsche Bank, Bank of America and KKR Capital Markets; $1.25 billion term loan talked at Libor plus 475 bps to 500 bps, 1.75% Libor floor, OID 98, 101 soft call; $175 million revolver; help fund recapitalization; Armonk, N.Y., marketing and publishing services enterprise.

VISTEON CORP.: $700 million credit facility; Morgan Stanley; $500 million seven-year term loan at Libor plus 625 bps, 1.75% floor, OID 98; $155 million revolver 1 at Libor plus 300 bps to 325 bps based on availability, unused fee 50 bps to 75 bps; $45 million revolver 2 at Libor plus 350 bps to 375 bps based on availability, unused fee 50 bps to 75 bps; exit financing; Van Buren Township, Mich., automotive supplier.

ON THE HORIZON

AIR MEDICAL GROUP HOLDINGS: New ABL revolver; Bank of America, Barclays, Citigroup and Morgan Stanley; help fund recapitalization; Boca Raton, Fla., provider of air medical services.

ASSOCIATED MATERIALS LLC: New asset-based revolver; Deutsche and UBS; help fund buyout by Hellman & Friedman LLC from Investcorp and Harvest Partners; Cuyahoga Falls, Ohio, maker of exterior residential building products.

AVENTINE RENEWABLE ENERGY HOLDINGS INC.: $175 million five-year term loan; Citigroup; redeem notes; Pekin, Ill., producer and marketer of fuel-grade ethanol.

BRAVO BRIO RESTAURANT GROUP INC.: New senior credit facility; revolver; term loan; refinance existing debt and general corporate purposes; in connection with IPO; Columbus, Ohio, owner and operator of Italian restaurants.

CABLEVISION SYSTEMS CORP.: New credit facility; Bank of America, Citigroup, Barclays, Credit Suisse and UBS; help fund acquisition of Bresnan Communications; Bethpage, N.Y., telecommunications, media and entertainment company.

DELTA PETROLEUM CORP.: New credit facility; refinance existing facility; Denver-based oil and gas exploration and development company.

FAIRPOINT COMMUNICATIONS INC.: $1.075 billion five-year credit facility; Bank of America; $1 billion secured term loan at Libor plus 450 bps, 2% Libor floor; $75 million revolver at Libor plus 450 bps, 75 bps unused fee; exit financing; Charlotte, N.C., provider of communications services.

FIBERTECH NETWORKS: New debt facilities; help fund buyout by Court Square Capital Partners from Nautic Partners and Ridgemont Equity Partners; Rochester, N.Y., provider of fiber optic bandwidth services.

GENERAL MOTORS CO.: New credit facility; provide additional liquidity and financing flexibility; Detroit-based automaker.

GREEN MOUNTAIN COFFEE ROASTERS INC.: $1.35 billion senior secured credit facility; Bank of America and SunTrust; $750 million five-year revolver; $250 million five-year term A; $350 million six-year term B; fund acquisition of LJVH Holdings Inc. (Van Houtte) from Littlejohn & Co. LLC and refinance existing debt; Waterbury, Vt., specialty coffee company.

HEALTHSPRING INC.: $400 million in new term loans; JPMorgan and Bank of America; $150 million term A due Feb. 11, 2015; $250 million six-year term B; help fund acquisition of Bravo Health Inc.; Nashville, Tenn., Medicare Advantage coordinated care plans.

KNOLOGY INC.: New debt; Credit Suisse and SunTrust; help fund acquisition of Sunflower Broadband; West Point, Ga., provider of interactive communications and entertainment services.

MEDASSETS INC.: $750 million credit facility; JPMorgan and Barclays; $600 million term B; $150 million revolver; help fund acquisition of The Broadlane Group and refinance existing bank debt; Alpharetta, Ga., provider of technology enabled products and services for hospitals, health systems and ancillary healthcare providers.

NORTHGATE MINERALS CORP.: $100 million seven-year project debt facility; BNP Paribas; fund construction of Young-Davidson Mine; Vancouver-based gold and copper producer.

NORTHSTAR REALTY FINANCE CORP.: $200 million secured credit facility; Wells Fargo; New York-based finance real estate investment trust.

SABRA HEALTH CARE REIT INC.: New credit facility including revolver; help refinance existing debt in connection with spin-off from Sun Healthcare Group Inc.; owner of property.

SEVAN DRILLING AS; $530 million limited recourse secured term loan; DVB Group Merchant Bank P and NIBC Bank; replace the existing debt of the Sevan Driller rig; Norway-based owner, operator and licenser of FPSOs and drilling units.

SUN HEALTHCARE GROUP INC.: New credit facility; help refinance existing debt in connection with spinoff; provider of nursing, rehabilitative and related specialty health care services.

SWIFT HOLDINGS CORP.: New senior secured credit facility; revolver; term loan; refinance existing debt in connection with IPO; Phoenix transportation services company and truckload carrier.

TNS INC.: $75 million of incremental bank debt; $50 million term loan; $25 million revolver; fund acquisition of Cequint Inc.; Reston, Va., provider of critical data communications services for the telecommunications, payments and financial services industries.

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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