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Published on 1/25/2011 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $25.78422 billion deals being marketed

JANUARY BANK MEETINGS

ACOSTA SALES & MARKETING: Bank meeting Jan. 27; new credit facility; Goldman Sachs and Barclays; help fund buyout by Thomas H. Lee Partners from AEA Investors; Jacksonville, Fla., sales and marketing agency in the consumer packaged goods industry.

AXCAN HOLDINGS INC.: Bank meeting Jan. 27; $340 million senior secured credit facility; Bank of America, RBC, HSBC and Barclays; $115 million amended and restated revolver expected at Libor plus 450 bps, 75 bps unused fee on extended due in 2016; $225 million six-year term loan, 101 soft call; help fund the acquisition of Eurand NV and refinance debt; Quebec-based pharmaceutical company.

INTELLIGRATED INC.: Bank meeting Jan. 27; $175 million credit facility; Bank of America; $30 million five-year revolver; $145 million six-year term B; refinance second-lien loan and fund a dividend; Cincinnati-based provider of automated material handling systems.

J. CREW GROUP INC.: Bank meeting Jan. 26; $1.25 billion senior secured credit facility; Bank of America and Goldman Sachs; $250 million five-year asset-based revolver expected at Libor plus 250 bps; $1 billion seven-year term loan expected at Libor plus 450 bps, 1.5% Libor floor; help fund buyout by TPG Capital and Leonard Green & Partners LP; New York-based retailer of apparel, shoes and accessories.

WEATHER CHANNEL: Conference call Jan. 26; $1.625 billion six-year term B talked at Libor plus 400 bps, 1.5% Libor floor, OID 991/2, 101 soft call; Deutsche Bank, Credit Suisse, Goldman Sachs and JPMorgan; replace existing term B, refinance some junior debt and general corporate purposes; Atlanta-based media company devoted to bringing weather news via television, internet and mobile devices.

FEBRUARY BANK MEETINGS

ACCENTCARE INC.: Bank meeting expected first week in February; $200 million credit facility; GE Capital, Bank of Ireland and CIT; help fund buyout by Oak Hill Capital Partners and merger with Guardian Home Care Holdings Inc.; Irvine, Calif., provider of home health care services.

PLAYBOY ENTERPRISES INC.: $180 million credit facility; Jefferies; $20 million five-year revolver expected at Libor plus 600 bps to 650 bps based on leverage, 1.75% Libor floor, 75 bps unused fee; $160 million six-year term loan expected at Libor plus 650 bps, 1.75% Libor floor, 101 soft call; help fund buyout by Icon Acquisition Holdings LP; Chicago-based media and lifestyle company.

SUMMIT ENTERTAINMENT LLC: Bank meeting expected early February; $800 million senior secured credit facility (B1/B); JPMorgan and UBS; $200 million five-year revolver; $600 million seven-year term loan; repay existing debt, working capital and general corporate purposes and fund a dividend; Santa Monica, Calif., independent film studio.

UPCOMING CLOSINGS

AFFORDABLE CARE INC.: $155 million senior credit facility; GE Capital, NXT Capital and Golub Capital; $10 million revolver talked at Libor plus 500 bps, 1.5% Libor floor, OID 981/2; $145 million term loan talked at Libor plus 500 bps, 1.5% Libor floor, OID 981/2; refinance existing debt and pay a dividend; Kinston, N.C., provider of practice management services and on-site denture laboratories.

ALLIED SECURITY HOLDINGS LLC: $660 million credit facility; Credit Suisse and Bank of America; $75 million five-year revolver (Ba3/B+) talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; $395 million six-year first-lien term loan (Ba3/B+) talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; $190 million seven-year covenant-light second-lien term loan (B3/CCC+) talked at Libor plus 750 bps, 1.5% Libor floor, OID 99, call protection 103, 102, 101; refinance existing bank and mezzanine debt; Conshohocken, Pa., security services company.

ATTACHMATE CORP.: $1.09 billion senior secured credit facility; Credit Suisse, RBC, Goldman Sachs and Citadel; $40 million five-year revolver (B1/BB-) talked at Libor plus 575 bps, 1.75% Libor floor, OID 98; $825 million six-year first-lien term loan (B1/BB-) talked at Libor plus 575 bps, 1.75% Libor floor, OID 981/2; $225 million 61/2-year second-lien term loan talked at Libor plus 950 bps, 1.75% Libor floor, OID 98, non-call one, 103, 102, 101; help fund acquisition of Novell Inc.; Seattle-based provider of access and integration software for legacy systems.

BOOZ ALLEN HAMILTON HOLDING CORP.: $1.05 billion of new bank debt (Ba2/BBB-); Bank of America, Credit Suisse, Barclays, Morgan Stanley, Goldman Sachs and Sumitomo; $350 million term A talked at Libor plus 250 bps; $700 million term B talked at Libor plus 300 bps to 325 bps, 1% Libor floor, OID 991/2, 101 soft call; refinance existing bank and mezzanine debt; McLean, Va., provider of management and technology consulting services to the U.S. government.

CENTENE CORP.: $350 million five-year unsecured revolver talked at Libor plus 250 bps, 37.5 bps unused fee; Barclays and Bank of America; refinance existing debt and general corporate purposes; St. Louis-based multi-line health care company.

COMPASS DIVERSIFIED HOLDINGS: $525 million senior secured credit facility; TD Securities, BMO and SunTrust; $325 million five-year revolver (Ba1) at Libor plus 325 bps; $200 million six-year last-out term loan B (B1/BB-) at Libor plus 425 bps, 1.5% Libor floor, OID 99; refinance existing debt and for general corporate purposes; Westport, Conn., investment firm specializing in acquiring controlling stakes in small- to middle-market companies.

CPI INTERNATIONAL INC.: Expected close Feb. 11; $180 million senior secured credit facility (B+); UBS; $150 million six-year term loan talked at Libor plus 450 bps, 1.75% Libor floor, OID 99; $30 million five-year revolver talked at Libor plus 450 bps, 1.75% Libor floor, OID 99; help fund buyout by Veritas Capital; Palo Alto, Calif., provider of microwave, radio frequency, power and control services.

DEL MONTE FOODS CO.: $3.25 billion senior secured credit facility; JPMorgan, Barclays, Morgan Stanley, Bank of America and KKR Capital Markets; $2.5 billion seven-year term loan (Ba3/B+/BB) talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; $750 million five-year ABL revolver (NA/NA/BB); help fund buyout by Kohlberg Kravis Roberts & Co. LP, Vestar Capital Partners and Centerview Partners; San Francisco-based branded pet and consumer products company.

ELECTRICAL COMPONENTS INTERNATIONAL: $190 million credit facility (B1/B+); Credit Suisse; $30 million five-year revolver talked at Libor plus 500 bps to 525 bps, 1.5% Libor floor, OID 98 to 981/2; $160 million six-year term B talked at Libor plus 500 bps to 525 bps, 1.5% Libor floor, OID 981/2; refinance existing debt; St. Louis-based provider of wire harnesses, subassemblies and assembly services.

ENCOMPASS DIGITAL MEDIA INC.: $195 million senior secured credit facility (B2/B+); Macquarie Capital; $175 million term loan talked at Libor plus 550 bps, 1.75% Libor floor, OID 981/2; $20 million revolver talked at Libor plus 550 bps, 1.75% Libor floor, OID 981/2; fund acquisition of the content distribution business of Ascent Media Corp.; Los Angeles-based digital media services provider.

EQUIPOWER RESOURCES HOLDINGS: $525 million secured credit facility (Ba3/BB-); Barclays, Credit Agricole and Union Bank; $100 million revolver at Libor plus 425 bps; $425 million seven-year term loan at Libor plus 425 bps, 1.5% Libor floor, OID 99; fund the acquisition of Milford Power and fund a distribution to the sponsor; Hartford, Conn., competitive power generation company.

EVERGREEN INTERNATIONAL AVIATION INC.: $330 million credit facility (B-); Goldman Sachs; $10 million revolver; $320 million term loan; refinance existing debt; McMinnville, Ore., aviation services company.

GEO GROUP: $250 million credit facility; BNP Paribas; $100 million revolver talked at Libor plus 275 bps to 300 bps; $150 million term A-2 talked at Libor plus 275 bps to 300 bps; help fund acquisition of Behavioral Interventions Inc.; Boca Raton, Fla., provider of correctional, detention, and residential treatment services to federal, state and local government agencies.

HOUGHTON INTERNATIONAL INC.: $500 million senior secured credit facility (B1/B); Deutsche Bank, Bank of Ireland and GE Capital; $50 million revolver at Libor plus 500 bps, 1.75% Libor floor; $450 million term B at Libor plus 500 bps, 1.75% Libor floor, OID 991/2, 101 soft call; refinance senior secured debt and to fund acquisition of Royal Dutch Shell plc's Metalworking and Metal Rolling Oils business; Valley Forge, Pa., developer and producer of specialty chemicals, oils and lubricants.

INERGY LP: $300 million term loan; JPMorgan; refinance existing debt; Kansas City, Mo., master limited partnership with operations that include the retail marketing, sale and distribution of propane.

IWCO DIRECT INC.: Sell-down of $250 million term loan at Libor plus 337.5 bps, OID high 80s to low 90s; Deutsche Bank; loan obtained in 2007 to help fund buyout by Avista Capital Partners; Chanhassen, Minn., provider of direct marketing services.

KRATON POLYMERS LLC: $350 million five-year senior secured credit facility; Bank of America, Morgan Stanley, Goldman Sachs, Credit Suisse and Macquarie; $150 million revolver talked at Libor plus 325 bps; $200 million term A talked at Libor plus 325 bps; refinance existing debt; Houston-based producer of styrenic block copolymers for use in industrial and consumer applications.

NATIONAL MENTOR HOLDINGS INC.: $580 million senior secured credit facility (B1/B+); UBS, Barclays and Jefferies; $75 million five-year revolver talked at Libor plus 550 bps, 1.75% Libor floor; $505 million six-year term B Libor plus 550 bps, 1.75% Libor floor, OID 981/2; refinance existing debt; Boston-based provider of home and community-based health and human services.

NATIONAL SURGICAL HOSPITALS INC.: $220 million senior secured credit facility (B2/B); Jefferies; $20 million five-year revolver; $170 million six-year term loan at Libor plus 650 bps, 1.75% Libor floor, OID 98; $30 million six-year delayed-draw term loan at Libor plus 650 bps, 1.75% Libor floor, OID 98; help fund buyout by Irving Place Capital; Chicago-based owner, operator and developer of surgical hospitals and surgery centers.

ORIENTAL TRADING CO.: $270 million credit facility; Credit Suisse and JPMorgan leading term loan, GE Capital leading revolver; $220 million six-year first-lien term loan (B2/B) at Libor plus 550 bps, 1.5% Libor floor, OID 99; $50 million ABL revolver; exit financing; Omaha, Neb., direct marketer of party and school supplies.

ORLEANS HOMEBUILDERS INC.: $155 million credit facility; JPMorgan; $125 million term loan (B3/B-) talked at Libor plus 650 bps, 2% Libor floor, OID 98; $30 million revolver; exit financing; Bensalem, Pa., developer, builder and marketer of single-family homes, townhouses and condominiums.

RESEARCH PHARMACEUTICAL SERVICES INC.: $115 million senior credit facility; GE Capital; $35 million five-year revolver talked at Libor plus 525 bps, 1.75% Libor floor, OID 981/4; $80 million six-year term loan talked at Libor plus 525 bps, 1.75% Libor floor, OID 981/4; help fund buyout by Warburg Pincus LLC; Fort Washington, Pa., provider of clinical development services to the pharmaceutical, biotechnology and medical device industries.

REVEL ENTERTAINMENT GROUP LLC: $850 million credit facility; JPMorgan; $700 million six-year first-lien term B talked at Libor plus 800 bps, 2% Libor floor, OID 981/2, non-call one, 103, 102, 101; $150 million 61/2-year second-lien loan talked at Libor plus 1,100 bps, 2% Libor floor, OID 98, non-call one, 103, 102, 101; fund the construction of a casino and hotel in Atlantic City, N.J.; gaming and entertainment company.

ROCKWOOD HOLDINGS INC.: Expected close Feb. 7 week; $1.03 billion credit facility; Credit Suisse; $180 million five-year revolver talked at Libor plus 300 bps, 1% Libor floor, OID 99; $850 million seven-year term loan talked at Libor plus 300 bps, 1% Libor floor, OID 991/2, 101 soft call; refinance existing bank debt; Princeton, N.J., specialty chemicals and advanced materials company.

ROVI CORP.: $600 million of term loans; Morgan Stanley, JPMorgan and Bank of America; $300 million term A; $300 million seven-year term B talked at Libor plus 325 bps to 350 bps, 1.5% Libor floor, OID 99 to 991/2; general corporate purposes, including the repurchase of common stock and convertible notes; Santa Clara, Calif., provider of next generation guidance services, including TotalGuide, discovery, metadata, advertising and networking technologies.

SCITOR CORP.: $305 million credit facility (B2/B); JPMorgan, Jefferies, GE Capital and RBC; $30 million revolver; $275 million term loan talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; recapitalization; provider of systems engineering, financial and management consulting, information services and other services.

SIRVA INC.: $235 million credit facility; Barclays leading term loan, Wells Fargo leading revolver; $175 million six-year term loan; $60 million ABL revolver; refinance first- and second-lien bank debt; Westmont, Ill., provider of relocation and moving services.

SOURCEMEDIA INC.: $170 million credit facility (B1/B+); Citigroup, GE Capital and BMO; $25 million revolver at Libor plus 500 bps, 1.5% Libor floor, OID 99; $145 million term loan at Libor plus 500 bps, 1.5% Libor floor, OID 99, 101 soft call; refinance existing debt; New York-based provider of news, analysis, research and data for the financial services community and related fields.

SPECTRUM BRANDS HOLDINGS INC.: $680 million term loan at Libor plus 400 bps, 1% Libor floor, par, 101 soft call; Credit Suisse; refinance existing term loan; Madison, Wis., consumer products company.

STYRON: $1.3 billion 61/2-year term loan (B1/B+) talked at Libor plus 500 bps, 1.5% Libor floor, OID 99, 101 soft call; Deutsche Bank, HSBC, Barclays and BMO; refinance an existing term loan, repay revolver borrowings, take out seller notes and fund a dividend; chemical manufacturer of emulsion polymers and plastics.

SUMTOTAL SYSTEMS INC.: $115 million credit facility; BMO; $5 million revolver talked at Libor plus 475 bps, 1.5% Libor floor, OID 981/2; $110 million term loan talked at Libor plus 475 bps, 1.5% Libor floor, OID 981/2; fund already completed acquisition of GeoLearning; Gainesville, Fla., talent management software company.

SUNGARD: $479.22 million incremental term loan B due Feb. 28, 2014 talked at Libor plus 362.5 bps, no Libor floor, OID 99½ to 993/4, 101 soft call; JPMorgan; refinance existing incremental term B; Wayne, Pa., software and technology services company.

TOWERCO: $440 million credit facility (BB-); Morgan Stanley, TD Securities and Fifth Third Bank; $40 million four-year revolver; $400 million six-year term loan at Libor plus 375 bps, 1.5% Libor floor, OID 991/2; refinance existing debt and fund a dividend; Cary, N.C., owner and leaser of communication towers.

UCI INTERNATIONAL INC.: Expected close Jan. 26; $375 million senior secured credit facility (Ba2/B+); Credit Suisse, HSBC and Nomura; $75 million revolver at Libor plus 400 bps, 1.5% Libor floor, 2% upfront fee; $300 million 61/2-year term loan at Libor plus 400 bps, 1.5% Libor floor, par; help fund acquisition by Rank Group Ltd.; Evansville, Ind., supplier of replacement parts to the light- and heavy-duty vehicle aftermarket.

VERTAFORE INC.: $550 million first-lien term loan due July 2016 talked at Libor plus 400 bps, 1.5% Libor floor, par, 101 soft call; Credit Suisse and Bank of America; refinance/reprice existing first-lien term loan; Bothell, Wash., provider of software and information to the insurance distribution channel.

WALTER ENERGY INC.: $2.725 billion senior secured credit facility (SMA bank was Jan. 20, retail meeting TBD); Morgan Stanley, Credit Agricole, Bank of Nova Scotia and Union Bank; $375 million five-year revolver talked at Libor plus 300 bps; $600 million five-year term A talked at Libor plus 300 bps; $1.75 billion seven-year term B; help fund acquisition of Western Coal, refinance debt and for working capital; Tampa, Fla., producer and exporter of metallurgical coal for the steel industry.

WINDSOR QUALITY FOOD CO.: $450 million senior secured credit facility (B1/BB-); JPMorgan; $60 million revolver talked at Libor plus 350 bps; $140 million term A talked at Libor plus 350 bps; $250 million term B talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; fund an acquisition and refinance debt; Houston-based frozen prepared foods company.

ON THE HORIZON

ASHLAND DISTRIBUTION: New ABL revolver; Bank of America; help fund buyout by TPG Capital from Ashland Inc.; chemical distribution company.

FRAC TECH SERVICES LLC: $200 million four-year senior secured revolver; Credit Suisse; replace existing revolver; Cisco, Texas, oilfield service company.

HUBBARD BROADCASTING INC.: New debt financing; Morgan Stanley and Goldman Sachs; help fund acquisition of 17 radio stations from Bonneville International Corp.; St. Paul, Minn., television and radio broadcasting company.

JO-ANN STORES INC.: $1.025 billion senior secured credit facility; JPMorgan, Bank of America and Barclays; $650 million term loan; $375 million ABL revolver; help fund buyout by Leonard Green & Partners LP; Hudson, Ohio, specialty retailer of fabrics and crafts.

NORTHSTAR LLC: $100 million senior secured credit facility; ING Capital; $10.5 million revolver; $89.5 million multi-draw term loan; fund construction and operation of a canola processing plant with an integrated refinery near Hallock, Minn., that is majority owned by PICO Holdings Inc.; expected close by April 15.

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

PACKAGING DYNAMICS CORP.: New senior secured credit facility; condition of bond offering; flexible packaging and specialty papers company.

PERRIGO CO.: $150 million term loan (could be upsized to $250 million subject to syndication); Morgan Stanley, JPMorgan and Bank of America; help fund acquisition of Paddock Laboratories Inc.; Allegan, Mich., healthcare supplier.

RAINBOW MEDIA HOLDINGS LLC: New debt financing; refinance existing debt in connection with spin-off from Cablevision Systems Corp.; holder of portfolio of programming assets.

ROCK-TENN CO.: $3.7 billion senior credit facility; Wells Fargo, SunTrust and Rabobank; $1.2 billion five-year revolver; $1.25 billion five-year term A; $1.25 billion six-year term B; help fund acquisition of Smurfit-Stone Container Corp. and refinance debt; Norcross, Ga., manufacturer of paperboard, containerboard and consumer and corrugated packaging.

RSC HOLDINGS INC.: $1.1 billion senior secured asset-based revolver (Ba2/BB); refinance existing asset-based revolver; Scottsdale, Ariz., provider of rental equipment, servicing the industrial, maintenance and non-residential construction markets.

SEVAN DRILLING AS: $480 million senior debt facility; DVB Group Merchant Bank, NIBC Bank and ING; replace the existing debt of the Sevan Driller rig; Norway-based owner, operator and licenser of FPSOs and drilling units.

SPEEDWAY MOTORSPORTS INC.: $250 million four-year credit facility; $100 million revolver; $150 million term loan; refinance existing credit facility; Concord, N.C., marketer and promoter of motorsports entertainment.

SURGERY CENTER HOLDINGS INC.: New debt financing; Jefferies Finance LLC and THL Credit Inc.; help fund acquisition of NovaMed Inc.; Tampa, Fla., acquirer, developer and manager of free-standing ambulatory surgical centers.

TESORO LOGISTICS LP: $150 million senior secured revolver, 50 basis points unused fee; general corporate purposes and fund distribution to Tesoro Corp. in connection with common units IPO; San Antonio, Texas, owner, operator, developer and acquirer of crude oil and refined products logistics assets.

THERMACLIME: $75 million five-year term loan; Bank of America; repay existing term loan and for working capital; Okalahoma City-based manufacturer and seller of climate control and chemical products that is a subsidiary of LSB Industries Inc.

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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