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Published on 4/21/2011 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $37.3145 billion deals being marketed

APRIL BANK MEETINGS

AEROFLEX INC.: Bank meeting April 26 ; new credit facility; J.P. Morgan; refinance existing debt; Plainview, N.Y., maker of radio frequency and microwave integrated circuits, components and systems used in wireless communication systems.

NEIMAN MARCUS GROUP INC.: Bank meeting April 25; $2.76 billion amended and restated senior secured credit facility; Credit Suisse, J.P. Morgan, Bank of America and Barclays; $2.06 billion term loan; $700 million revolver; refinance existing $1.51 billion term loan and $600 million revolver and redeem notes; Dallas-based high-end specialty retailer.

RENFRO CORP.: Conference call April 25; repricing term loan to Libor plus 425 bps to 450 bps, 1.5% Libor floor, OID 99 7/8; J.P. Morgan; Mount Airy, N.C., manufacturer of socks.

STAR GENERATION: Bank meeting April 25; $750 million credit facility; Barclays, RBC and Citigroup; revolver; term B; help fund Highstar Capital's acquisition of the Arlington Valley and Griffith power generation plants located in Arizona from LS Power.

VALITAS HEALTH SERVICES INC. Bank meeting April 26; $360 million senior secured credit facility; Barclays and Bank of America; $285 million six-year term loan; $75 million five-year revolver; help fund acquisition of America Service Group Inc.; Brentwood, Tenn., provider of health care services to the incarcerated population.

MAY BANK MEETINGS

CUMULUS MEDIA INC.: $2.525 billion senior secured credit facility; J.P. Morgan, UBS and Macquarie; revolver; term loan; help fund acquisition of Citadel Broadcasting Corp. and refinance debt; Atlanta-based radio broadcaster.

PRE-PAID LEGAL SERVICES INC.: Bank meeting expected early May; $440 million senior secured credit facility; Macquarie Capital, RBC and Bank of Ireland; $30 million revolver; $410 million term loan; help fund buyout by MidOcean Partners; Ada, Okla., provider of legal service benefits through a network of independent law firms.

RURAL/METRO CORP.: $415 million senior secured credit facility; Credit Suisse, Citigroup and Jefferies; $315 million seven-year term loan; $100 million five-year revolver; help fund buyout by Warburg Pincus; Scottsdale, Ariz., provider of emergency and non-emergency ambulance services and private fire protection services.

UPCOMING CLOSINGS

AMERITOX LTD.: $450 million credit facility (B2/B); J.P. Morgan and Deutsche Bank; $425 million seven-year term B talked at Libor plus 450 to 475 bps, 1.25% Libor floor, OID 99, 101 soft call; $25 million five-year revolver; refinance existing debt and fund a dividend; Baltimore-based provider of laboratory testing and proprietary methods of analysis.

ASSET ACCEPTANCE CAPITAL CORP. $275 million credit facility (B1/BB+); J.P. Morgan; $175 million six-year term B talked at Libor plus 400 to 425 bps, 1.5% Libor floor, OID 99, 101 soft call; $100 million revolver; refinance existing credit facility; Warren, Mich., purchaser and collector of defaulted or charged-off accounts receivable portfolios from consumer credit originators.

ATTACHMATE CORP.: $1.19 billion senior secured credit facility; Credit Suisse, RBC, Goldman Sachs and Citadel; $40 million five-year revolver (B1/BB-); $875 million six-year first-lien term loan (B1/BB-) at Libor plus 500 bps, 1.5% Libor floor, OID 99; $275 million 61/2-year second-lien term loan at Libor plus 800 bps, 1.5% Libor floor, OID 99, call protection 103, 102, 101; help fund acquisition of Novell Inc.; Seattle-based provider of access and integration software for legacy systems.

AUCTION.COM: $120 million five-year credit facility; SunTrust; $10 million revolver talked at Libor plus 450 bps to 500 bps, 1.5% Libor floor, OID 99 to 991/2; $110 million term loan talked at Libor plus 450 bps to 500 bps, 1.5% Libor floor, OID 99 to 991/2; refinance existing debt and fund a dividend; Irvine, Calif., real estate auction firm.

CITCO GROUP OF COS.: $490 million seven-year term loan talked at Libor plus 400 bps to 425 bps, 1.25% Libor floor, OID 991/2; UBS and Deutsche Bank; refinance existing debt; provider of financial services.

DEFFENBAUGH INDUSTRIES INC.: $155 million six-year term B talked at Libor plus 500 bps, 1.5% Libor floor, par, 101 soft call; Credit Suisse; refinance existing debt; Kansas City, Kan., integrated waste services company.

DELTA AIR LINES INC.: $2.6 billion credit facility (Ba2/BB-/BB-); J.P. Morgan, Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and UBS; $1.225 billion five-year revolver at Libor plus 425 bps, 1.25% Libor floor; $1.375 billion six-year term B at Libor plus 425 bps, 1.25% Libor floor, OID 981/2, 101 soft call; refinance existing debt; Atlanta-based airline company.

EMERGENCY MEDICAL SERVICES CORP.: $1.79 billion credit facility; Deutsche Bank, Barclays, Bank of America, Morgan Stanley, RBC, UBS, Natixis and Citigroup; $350 million ABL revolver at Libor plus 250 bps; $1.44 billion term B (B1/B+) at Libor plus 375 bps, 1.5% Libor floor, OID 991/2, 101 soft call; help fund buyout by Clayton, Dubilier & Rice LLC; Greenwood Village, Colo.-based provider of emergency medical services.

ERNEST HEALTH INC.: $204 million credit facility; CIT; $30 million five-year revolver at Libor plus 475 bps, 1.5% Libor floor; $120 million five-year first-lien term loan at Libor plus 475 bps, 1.5% Libor floor, OID 99; $54 million six-year second-lien term loan at Libor plus 800 bps, 1.75% Libor floor, OID 981/2, call protection 103, 102, 101; refinance existing debt; Albuquerque, N.M., developer and operator of inpatient rehabilitation and related post-acute health care services.

FRAC TECH INTERNATIONAL LLC: $1.7 billion in term debt (B2/B+); Bank of America and Citigroup; $200 million delayed-draw term loan; $1.5 billion five-year term B; help fund acquisition of a controlling stake by Frac Temasek Holdings Ltd. and RRJ Capital from the Wilks family and fund a dividend payment to Chesapeake Energy Corp.; Cisco, Texas, oilfield service company.

GLOBAL DEFENSE TECHNOLOGY & SYSTEMS INC.: $170 million credit facility (B3/B); Wells Fargo and SunTrust; $25 million five-year revolver at Libor plus 500 bps; $145 million six-year term B at Libor plus 550 bps, 1.5% Libor floor, OID 99; help fund buyout by Ares Management LLC; McLean, Va., provider of mission-critical, technology-based systems and services for national security agencies and programs of the U.S. government.

GOLDEN LIVING: $1.575 billion credit facility (B1/B+); Citigroup and RBC; $75 million five-year revolver; $1.5 billion seven-year term loan talked at Libor plus 350 bps to 375 bps, 1.25% Libor floor, OID 99; refinance existing loan and CMBS debt; Fort Smith, Ark., provider of post-acute health and wellness services.

GTA TELEGUAM: $146 million credit facility; BNP Paribas; $10 million revolver; $107 million first-lien term loan at Libor plus 400, 1.5% Libor floor, OID 991/2; $29 million second-lien term loan at Libor plus 800 bps, 1.75% Libor floor, OID 99, call protection 102, 101; help fund buyout by Advantage Partners from Shamrock Capital Advisors; Tamuning, Guam, provider of communications services.

HUBBARD BROADCASTING INC.: $420 million credit facility; Morgan Stanley and Goldman Sachs; $10 million five-year revolver (Ba3/B+); $270 million six-year first-lien term loan (Ba3/B+) at Libor plus 375 bps, 1.5% Libor floor, OID 991/2, 101 soft call; $140 million seven-year second-lien term loan (Caa1/CCC+) at Libor plus 725 bps, 1.5% Libor floor, OID 99, call protection 103, 102, 101; help fund acquisition of 17 radio stations from Bonneville International Corp.; St. Paul, Minn., television and radio broadcasting company.

IASIS HEALTHCARE LLC: $1.235 billion senior secured credit facility; Bank of America, Barclays, Citigroup, Goldman Sachs, J.P. Morgan, GE Capital, SunTrust, Wells Fargo; $935 million seven-year term loan (Ba3/B) talked at Libor plus 375 to 400 bps, 1.5% Libor floor, OID 991/2, 101 soft call; $300 million five-year revolver (Ba3/BB-) talked at Libor plus 350 bps, OID 981/2; refinance existing debt, fund a dividend and help fund the acquisition of St. Joseph Medical Center; Franklin, Tenn., owner and operator of medium-sized acute care hospitals.

IPAYMENT HOLDINGS INC.: $450 million senior secured credit facility; J.P. Morgan; $75 million revolver; $375 million six-year term B talked at Libor plus 450 bps to 475 bps, 1.5% Libor floor, OID 99, 101 soft call; refinance bank debt and notes, and redeem an equity stake; Nashville-based provider of credit and debit card-based payment processing services.

IRON DATA LLC: $110 million credit facility; SunTrust; $15 million five-year revolver; $95 million six-year term loan talked at Libor plus 500 bps, 1.5% Libor floor, OID 99; help fund buyout by Arlington Capital Partners; Atlanta-based provider of software that assesses, manages and monitors challenging operational process issues for clients in the public sector and transportation/logistics.

J. JILL: $160 million senior secured credit facility; Credit Suisse; $40 million five-year ABL revolver at Libor plus 225 bps to 275 bps based on a grid; $120 million six-year term B (B) at Libor plus 850 bps, 1.5% Libor floor, OID 97, hard call 102, 101; refinance existing bank debt and help fund acquisition of a majority stake by Arcapita Bank BSC from Golden Gate Capital; Quincy, Mass., multi-channel retailer of women's apparel.

JMC STEEL GROUP: $800 million credit facility; J.P. Morgan; $400 million six-year term loan (B1/BB-) at Libor plus 325 bps, 1.5% Libor floor, OID 991/2, 101 soft call; $400 million ABL revolver; help fund buyout by the Zekelman family from the Carlyle Group and refinance existing debt; Beachwood, Ohio, manufacturer of steel pipe and tubes.

KINDRED HEALTHCARE INC.: $1.3 billion senior secured credit facility; J.P. Morgan, Morgan Stanley and Citigroup; $600 million five-year asset-based revolver at Libor plus 250 bps; $700 million seven-year term B (Ba3/B+) at Libor plus 375 bps, 1.5% Libor floor, OID 99, 101 soft call; help fund acquisition of RehabCare Group Inc.; Louisville, Ky., health care services company.

LANDRY'S GOLDEN NUGGET ATLANTIC CITY: $95 million five-year senior secured credit facility; Jefferies; $10 million first-out revolver talked at Libor plus 950 bps, 1.5% Libor floor, OID 96; $85 million last-out term loan talked at Libor plus 950 bps, 1.5% Libor floor, OID 96, non-call till Jan. 1, 2013, then 103, 1011/2; help fund purchase, renovation and rebranding of the Trump Marina Hotel and Casino in Atlantic City by Tilman J. Fertitta; Atlantic City, N.J., hotel and casino.

LNR PROPERTY LLC: $365 million senior secured credit facility (Ba2/BB+); Goldman Sachs and Bank of America; $325 million five-year term B talked at Libor plus 375 bps, 1.25% Libor floor, OID 99 to 991/2, 101 soft call; $40 million three-year revolver; refinance existing bank debt; Miami-based diversified real estate, investment, finance and management company.

MANITOWOC CO. INC.: $1.15 billion senior secured credit facility; J.P. Morgan; $500 million five-year revolver; $300 million five-year term A; $350 million 61/2-year term loan B talked at Libor plus 350 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance existing credit facility; Manitowoc, Wis., manufacturer and seller of cranes and related products and foodservice equipment.

MONEYGRAM INTERNATIONAL INC.: $540 million senior secured credit facility (Ba1/BB-); Bank of America, J.P. Morgan, Citigroup, Deutsche Bank and Wells Fargo; $150 million five-year revolver at Libor plus 325 bps, 50 bps unused fee; $390 million six-year term loan at Libor plus 325 bps, 1.25% Libor floor, OID 993/4, 101 soft call; help fund recapitalization; Dallas-based payment services company.

MOOD MEDIA CORP.: $480 million credit facility; Credit Suisse; $25 million five-year revolver (B1/B) talked at Libor plus 475 bps to 500 bps, 1.5% Libor floor, OID 99; $390 million seven-year first-lien term loan (B1/B) talked at Libor plus 475 bps to 500 bps, 1.5% Libor floor, OID 99, 101 soft call; $65 million 71/2-year second-lien term loan (Caa1/CCC+) talked at Libor plus 900 bps, 1.5% Libor floor, OID 99, call protection 103, 102, 101; help fund acquisition of Muzak Holdings LLC and refinance existing debt; Toronto-based in-store media specialist.

NIELSEN & BAINBRIDGE LLC: $92 million senior secured credit facility; PNC; $25 million revolver talked at Libor plus 550 bps, 1.5% Libor floor, OID 981/2; $67 million term loan talked at Libor plus 550 bps, 1.5% Libor floor, OID 981/2; acquisition financing; Paramus, N.J., producer of picture framing products.

NORTEK INC.: $350 million six-year senior secured covenant-light term loan (B1/BB-) talked at Libor plus 400 bps, step-down to Libor plus 375 bps at B2/B corporate ratings, 1.25% Libor floor, OID 991/2, 101 soft call; UBS; help fund notes tender offer; Providence, R.I., manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products.

NOT YOUR DAUGHTER'S JEANS: $100 million credit facility; SunTrust and RBC; $15 million revolver talked at Libor plus 400 bps, 50 bps unused fee; $85 million term A talked at Libor plus 400 bps; refinance existing debt and fund a dividend; Vernon, Calif.-based designer, manufacturer and marketer of jeans and pants for woman typically age 35 and above.

OCTAVIUS TOWER: $450 million six-year senior secured term loan (B3/B) at Libor plus 800 bps, 1.25% Libor floor, OID 99, non-callable for 18 months, 103 for six months, 102, 101; J.P. Morgan; help fund the development of the Octavius Tower at Caesars' Palace Las Vegas and a retail, dining and entertainment corridor on the Las Vegas strip; Las Vegas-based casino entertainment company.

OWENS-ILLINOIS GROUP INC.: $2 billion credit facility (Baa2); Deutsche Bank, Bank of America, J.P. Morgan, Citigroup, Scotia Capital and BNP Paribas; $900 million multi-currency revolver talked at Libor plus 175 bps, 37.5 bps commitment fee; $1.1 billion term A ($600 million, €200 million, C$120 million, A$180 million) talked at Libor plus 175 bps; refinance debt; Perrysburg, Ohio, glass container maker.

OPEN LINK FINANCIAL INC.: $375 million credit facility (B1/B+); Bank of America, Deutsche Bank and Credit Suisse; $50 million five-year revolver; $325 million seven-year term B talked at Libor plus 400 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance existing debt and fund a dividend; Uniondale, N.Y., provider of cross-asset trading, risk management and operations processing software services.

PACIFIC ARCHITECTS AND ENGINEERS: $155 million credit facility; RBC; $50 million five-year revolver; $105 million six-year term B talked at Libor plus 500 bps, 1.5% Libor floor, OID 99 area; help fund buyout by Lindsay Goldberg LLC from Lockheed Martin Corp.; Arlington, Va., provider of contract support services to U.S. government agencies, international organizations and foreign governments.

PAETEC HOLDING CORP.: $225 million senior secured credit facility (Ba3/B); Bank of America; $125 million five-year revolver; $100 million seven-year term B talked at Libor plus 350 bps, 1.5% Libor floor, OID 993/4, 101 soft call; fund acquisition of XETA Technologies Inc. and repay revolver debt; Fairport, N.Y., provider of business communications.

PAPERWORKS INDUSTRIES: $250 million credit facility (B2/B+); BMO; $40 million revolver talked at Libor plus 475 bps to 500 bps, 1.5% Libor floor; $210 million term loan talked at Libor plus 475 bps to 500 bps, 1.5% Libor floor, OID 99; refinance existing debt; Philadelphia-based integrated coated-recycled board and folding carton company.

POTTERS INDUSTRIES INC.: $302.5 million credit facility; J.P. Morgan; $40 million five-year revolver (Ba3/B) talked at Libor plus 475 bps, 50 bps unused fee, OID 99; $150 million six-year first-lien term loan (Ba3/B) talked at Libor plus 475 bps, 1.5% Libor floor, OID 981/2, 101 soft call; $112.5 million 61/2-year second-lien term loan (Caa1/CCC+) talked at Libor plus 875 bps, 1.75% Libor floor, OID 98, call protection 104, 103, 102, 101; in connection with spin-off from PQ Corp. to repay some of PQ's bank debt; Malvern, Pa., producer of engineered glass materials.

REDFLEX HOLDINGS LTD.: $215 million credit facility (Ba3/B); Macquarie; $20 million revolver at Libor plus 550 bps, 1.5% Libor floor, OID 981/2; $175 million term B at Libor plus 550 bps, 1.5% Libor floor, OID 981/2, 101 soft call; $20 million delayed-draw term loan for capital expenditures at Libor plus 550 bps, 1.5% Libor floor, OID 981/2; also $75 million second-lien term loan that has been placed already; help fund buyout by the Carlyle Group and Macquarie Group Ltd.; South Melbourne, Australia, manufacturer and operator of highway safety equipment.

ROCK-TENN CO.: $3.7 billion senior credit facility; Wells Fargo, SunTrust, Rabobank, Bank of America and J.P. Morgan; $1.475 billion five-year revolver at Libor plus 200 bps; $1.475 billion five-year term A at Libor plus 200 bps; $750 million term B at Libor plus 275 bps, 0.75% Libor floor, par; help fund acquisition of Smurfit-Stone Container Corp. and refinance debt; Norcross, Ga., manufacturer of paperboard, containerboard and consumer and corrugated packaging.

SENSUS USA INC.: $675 million senior secured credit facility; Credit Suisse and Goldman Sachs; $100 million five-year revolver (Ba3/B+); $375 million six-year first-lien term loan (Ba3/B+) talked at Libor plus 375 bps, 1.25% Libor floor, OID 99; $200 million seven-year second-lien term loan (B3/B-) talked at Libor plus 750 bps, 1.25% Libor floor, OID 981/2, call protection 103, 102, 101; help fund a notes tender offer, refinance existing bank debt, fund a dividend and add cash to the balance sheet; Raleigh, N.C., technology company providing energy and water utility customers with conservation products and services.

SOURCECORP INC.: $625 million credit facility; UBS, Credit Suisse and Jefferies; $75 million revolver (B1); $350 million seven-year first-lien term loan (B1) talked at Libor plus 500 bps, 1.25% Libor floor, OID 991/2; $200 million eight-year second-lien term loan (Caa2) talked at Libor plus 900 bps, 1.25% floor, call protection 102, 101; help fund merger with HOV Services Inc.; Dallas-based provider of business process outsourcing and consulting services.

SURGERY CENTER HOLDINGS INC.: $260 million senior secured credit facility (Ba3/B+); Jefferies; $240 million term loan at Libor plus 500 bps, 1.5% Libor floor, OID 991/2, 101 soft call; $20 million revolver at Libor plus 500 bps, 1.5% Libor floor, OID 991/2; help fund acquisition of NovaMed Inc.; Tampa, Fla., acquirer, developer and manager of free-standing ambulatory surgical centers.

TOWN SPORTS INTERNATIONAL HOLDINGS INC.: $350 million senior secured credit facility (B1/B); Deutsche Bank and KeyBanc; $300 million seven-year term B talked at Libor plus 425 bps to 450 bps, 1.5% Libor floor, OID 991/2, 101 soft call; $50 million revolver; refinance existing debt; New York-based owner and operator of fitness clubs.

TRIZETTO GROUP INC.: $750 million credit facility (B1/B); RBC; $100 million five-year revolver talked at Libor plus 325 bps, 62.5 bps undrawn fee; $650 million seven-year covenant-light term loan at Libor plus 350 bps, 1.25% Libor floor, OID 991/2, 101 soft call; refinance existing debt; Greenwood Village, Colo., health care information technology company to the health care payer industry.

ULTERRA DRILLING TECHNOLOGIES: $105 million five-year credit facility (Caa1/B-); Jefferies; $15 million revolver talked at Libor plus 650 bps, 1.5% Libor floor, OID 981/2; $90 million term loan talked at Libor plus 650 bps, 1.5% Libor floor, OID 981/2, 101 soft call; refinance existing debt and for general corporate purposes; Fort Worth, Texas, oilfield service manufacturer of PDC drill bits and stick-slip reduction tools.

VERINT SYSTEMS INC.: $780 million credit facility (B1/B+); Credit Suisse, RBC, Deutsche Bank and HSBC; $200 million revolver talked at Libor plus 350 bps to 375 bps, 50 bps unused fee, 1.25% Libor floor, OID 99; $580 million 61/2-year term loan talked at Libor plus 350 bps to 375 bps, 1.25% Libor floor, OID 99; refinance existing debt; Melville, N.Y., provider of actionable intelligence and value-added services.

ON THE HORIZON

ALPHA NATURAL RESOURCES INC.: $1.6 billion five-year senior secured credit facility; Citigroup and Morgan Stanley; $1 billion revolver expected at Libor plus 275 bps, 50 bps unused fee; $600 million term A expected at Libor plus 275 bps; help fund acquisition of Massey Energy Co. and refinance debt at both companies; Abingdon, Va., coal company.

AMC NETWORKS INC. (RAINBOW MEDIA HOLDINGS LLC): New credit facility; term loan; revolver; refinance existing debt in connection with spin-off from Cablevision Systems Corp.; holder of portfolio of programming assets.

ANIMAL HEALTH INTERNATIONAL INC.: $250 million senior secured credit facility; U.S. Bank; help fund acquisition by Lextron Inc.; Westlake, Texas, seller and distributor of animal health products, supplies, services and technology.

API TECHNOLOGIES CORP.: $215 million credit facility; Morgan Stanley; $15 million revolver; $200 million in term loans; help fund acquisition of Spectrum Control Inc.; Ronkonkoma, N.Y., provider of secure communications, electronic components and subsystems, and contract manufacturing services to the defense and aerospace industries.

CAPSUGEL: New credit facility; UBS, Barclays, Deutsche Bank, KKR Capital Markets and Mizuho; help fund buyout by Kohlberg Kravis Roberts & Co LP from Pfizer Inc.; Peapack, N.J.-based manufacturer of hard capsules and drug-delivery systems.

CHEFS' WAREHOUSE INC.: New senior secured credit facility; term loan; revolver; in connection with IPO; Ridgefield, Conn., distributor of specialty food products.

DUCOMMUN INC: $230 million senior secured credit facility; UBS and Credit Suisse; $190 million six-year covenant-light term loan expected at Libor plus 325 bps, or Libor plus 350 bps if corporate ratings are less than B1 or B+, 1.25% Libor floor, 101 soft call; $40 million five-year revolver expected at Libor plus 325 bps, or Libor plus 350 bps if corporate ratings are less than B1 or B+, 75 bps unused fee, 1.25% Libor floor; fund acquisition of LaBarge Inc. and refinance existing debt; Carson, Calif., provider of engineering and manufacturing services to the aerospace and defense industry.

ENDO PHARMACEUTICALS: $2.9 billion senior secured credit facility; Morgan Stanley and Bank of America; $500 million five-year revolver expected at Libor plus 250 bps, 50 bps unused fee; $1.5 billion five-year term A expected at Libor plus 250 bps; $900 million seven-year term B expected at Libor plus 325 bps, 1% Libor floor, 101 soft call for six months; help fund acquisition of American Medical Systems; Chadds Ford, Pa., specialty health care company.

EPICOR SOFTWARE CORP.: $945 million senior secured credit facility; Bank of America and RBC; $75 million five-year revolver expected at Libor plus 325 bps to 375 bps, 50 bps to 75 bps unused fee, based on leverage, OID 991/2; $870 million seven-year covenant-light term loan expected at Libor plus 375 bps, 1.25% Libor floor, OID 99; help fund the purchase of Epicor and Activant Solutions Inc. by Apax Partners; provider of enterprise applications focused on the manufacturing, distribution, services and retail sectors.

GENPACT INTERNATIONAL INC.: $350 million senior secured credit facility; Citigroup, UBS, J.P. Morgan and Bank of America; $250 million revolver; $100 million term loan; help fund acquisition of Headstrong Corp.; Hamilton, Bermuda, provider of business process and technology management.

LEVEL 3 FINANCING INC.: $650 million six-year senior secured covenant-light term loan B II expected at Libor plus 400 bps, 1.5% Libor floor, OID 99, 101 soft call; Bank of America and Citigroup; in connection with acquisition of Global Crossing Ltd.; Hamilton, Bermuda, provider of fiber-based communications services.

MEDICAL PROPERTIES TRUST INC.: $250 million unsecured revolver; in connection with notes offering; refinance existing debt and for general corporate purposes; Birmingham, Ala., real estate investment trust that acquires, develops, and invests in health care facilities.

MILACRON LLC: $140 million term loan (B1/B); Bank of America; refinance notes, repay ABL revolver debt and fund a dividend payment; Cincinnati-based company involved in plastics-processing technologies, metalworking fluids and precision machining.

NORTHERN OFFSHORE LTD.: New credit facility; refinance existing line of credit; Hamilton, Bermuda-based operator of offshore oil and gas production and drilling vessels and provider of rig management services.

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..

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

SILGAN HOLDINGS INC.: $4 billion senior secured credit facility; Bank of America; $800 million five-year revolver expected at Libor plus 250 bps; $900 million six-year term A expected at Libor plus 250 bps; $2.3 billion seven-year term B expected at Libor plus 325 bps, 1% Libor floor, 101 soft call; help fund acquisition of Graham Packaging Co. Inc.; Stamford, Conn., manufacturer of consumer goods packaging products.

SRA INTERNATIONAL INC.: $975 million senior secured credit facility; Citigroup, Bank of America and Goldman Sachs; $100 million revolver expected at Libor plus 325 bps; $875 million term loan expected at Libor plus 325 bps, 1.25% Libor floor; help fund buyout by Providence Equity Partners; Fairfax, Va., provider of technology and strategic consulting services to government organizations and commercial clients.

STAFFMARK HOLDINGS INC.: $125 million five-year secured revolver at Libor plus 200 bps to 250 bps; SunTrust; in connection with IPO; refinance existing facility; Cincinnati-based provider of light industrial, clerical and specialty temporary staffing.

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

WALTER INVESTMENT MANAGEMENT CORP.: $795 million of new debt; Credit Suisse and RBS; $30 million five-year revolver expected at Libor plus 525 bps, 75 bps unused fee, 1.5% Libor floor; $500 million five-year first-lien term loan expected at Libor plus 525 bps, 1.5% Libor floor, OID 99, 101 soft call; $265 million 51/2-year second-lien term loan expected at Libor plus 900 bps, 1.5% Libor floor, OID 98, non-call one, 103, 102, 101; help fund acquisition of GTCS Holdings LLC; Tampa, Fla.-based asset manager, mortgage servicer and mortgage portfolio owner.

WESTERN DIGITAL CORP.: $2.5 billion senior unsecured credit facility; Bank of America; $500 million revolver; $2 billion five-year term loan; help fund acquisition of Hitachi Global Storage Technologies from Hitachi Ltd., refinance existing bank debt and for general corporate purposes; Irvine, Calif., designer and producer of hard drives and solid state drives.

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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