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Published on 5/27/2011 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $42.054 billion deals being marketed

JUNE BANK MEETINGS

AMC NETWORKS INC. (RAINBOW MEDIA HOLDINGS LLC): Term loan B launch expected June, pro rata in market; $2.175 billion senior secured credit facility; $675 million term B; $500 million revolver; $1 billion term A; refinance existing debt in connection with spin-off from Cablevision Systems Corp.; holder of portfolio of programming assets.

CUMULUS MEDIA INC.: $2.415 billion senior secured credit facility (Ba3); JPMorgan, UBS and Macquarie; $375 million revolver; $2.04 billion term loan; help fund acquisition of Citadel Broadcasting Corp. and refinance debt; Atlanta-based radio broadcaster.

HAWAIIAN TELCOM HOLDCO INC.: $300 million term loan; refinance and extend existing term loan; Honolulu, Hawaii, provider of integrated communications services.

PENN NATIONAL GAMING INC.: Bank meeting for term B expected in June (pro rata launched May 25); $2.15 billion credit facility; Wells Fargo (left on pro rata) and Bank of America (left on term B); $700 million five-year revolver talked at Libor plus 175 bps; $700 million five-year term A talked at Libor plus 175 bps; $750 million seven-year term B; refinance existing debt; Wyomissing, Pa., gaming company.

RURAL/METRO CORP.: Bank meeting June 1; $425 million senior secured credit facility (B); Credit Suisse, Citigroup and Jefferies; $325 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.

SILGAN HOLDINGS INC.: Bank meeting for term B June 7; $4 billion senior secured credit facility (Ba1/BBB-); Deutsche Bank, Bank of America, Citigroup and Wells Fargo; $800 million five-year revolver talked at Libor plus 250 bps; $900 million six-year term A talked 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.: Expected early June business; $975 million senior secured credit facility; Citigroup, Bank of America, Credit Suisse and Goldman Sachs; $100 million five-year revolver expected at Libor plus 325 bps, 50 bps commitment fee; $875 million seven-year 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.

UPCOMING CLOSINGS

AES CORP.: Expected close June 6 week; $1.05 billion seven-year covenant-light term B (Ba1/NA/BB+) at Libor plus 325 bps, 1% Libor floor, OID 991/2, 101 soft call; Bank of America, JPMorgan and Morgan Stanley; help fund acquisition of DPL Inc.; Arlington, Va., generator and distributor of electricity.

API TECHNOLOGIES CORP.: $220 million credit facility (B2/BB-); Morgan Stanley; $20 million three-year revolver talked at Libor plus 450 bps to 475 bps, 50 bps unused fee, 1.25% Libor floor, OID 99 to 991/2; $200 million seven-year term B talked at Libor plus 450 bps to 475 bps, 1.25% Libor floor, OID 99 to 991/2, 101 soft call; 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.

ARCH COAL INC.: $1.75 billion revolver; PNC and Morgan Stanley; in connection with acquisition of International Coal Group Inc.; St. Louis-based coal producer.

AUTOTRADER.COM: Roughly $1.05 billion credit facility; Wells Fargo; $100 million term A add-on talked at Libor plus 225 bps; roughly $250 million term A talked at Libor plus 225 bps; $200 million revolver talked at Libor plus 225 bps; roughly $500 million covenant-light term B talked at Libor plus 300 bps, 1% Libor floor, 101 soft call for six months; help fund acquisition of VinSolutions and reprice existing credit facility; Atlanta-based automotive marketplace and consumer information website.

AWAS AVIATION CAPITAL LTD.: Roughly $500 million term B talked at Libor plus 400 bps to 425 bps, 1.25% Libor floor, par, call protection 102, 101; Goldman Sachs and Morgan Stanley; repricing; Dublin-based aircraft leasing company.

BAKERCORP: $435 million credit facility (Ba3/B); Deutsche Bank and Morgan Stanley; $390 million seven-year covenant-light term B at Libor plus 375 bps, step-down to Libor plus 350 bps at net senior secured leverage of 2.75x, 1.25% Libor floor, OID 991/2, 101 soft call; $45 million revolver; help fund buyout by Permira funds; Seal Beach, Calif., provider of equipment rental services for liquid and solid containment applications.

BARBRI: $270 million credit facility; GE Capital Markets; $30 million revolver talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; $240 million term loan talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; buyout financing; provider of bar review courses and law student support.

BASS PRO SHOPS: $825 million term B (B1/BB-) talked at Libor plus 325 bps to 350 bps, 1% to 1.25% Libor floor, OID 991/2; Bank of America and JPMorgan; refinance existing term loan, redeem preferred stock and common units, and fund a dividend; Springfield, Mo., outdoor retailer.

BCBG MAX AZRIA GROUP: $230 million term loan (B2/B-) at Libor plus 950 bps, no Libor floor, OID 95, call protection 102, 101; Goldman Sachs, Bank of America, UBS and Guggenheim; refinance existing debt; Vernon, Calif., designer, retailer and distributor of women's apparel and accessories.

CITCO FUNDING LLC: Expected close June 6; $490 million seven-year senior secured term loan at Libor plus 500 bps, stepping down to Libor plus 425 bps upon receipt of S&P rating, 1.25% Libor floor, OID 991/2,101 soft call; UBS and Deutsche Bank; refinance existing debt; provider of financial services.

DRAKE BEAM MORIN: $115 million credit facility; SunTrust; $10 million five-year revolver talked at Libor plus 500 bps; $105 million six-year term loan talked at Libor plus 500 bps, 1.5% Libor floor, OID 99; refinance existing debt, fund a dividend and general corporate purposes; New York-based provider of strategic human resources services.

DUCOMMUN INC: $230 million senior secured credit facility (Ba2/BB); UBS and Credit Suisse; $190 million six-year term B talked at Libor plus 400 bps, 1.25% Libor floor, OID 99, 101 soft call; $40 million five-year revolver talked at Libor plus 400 bps, 1.25% Libor floor, 75 bps unused fee; fund acquisition of LaBarge Inc. and refinance existing debt; Carson, Calif., provider of engineering and manufacturing services to the aerospace and defense industry.

DUNKIN' BRANDS GROUP INC.: $100 million term loan (B) due Nov. 23, 2017 at Libor plus 300 bps, 1.25% Libor floor, par; Barclays; help repay notes; Canton, Mass., parent company of Dunkin' Donuts, a coffee and baked goods restaurant chain, and Baskin-Robbins, an ice cream specialty store chain.

EIG GLOBAL ENERGY PARTNERS: $100 million secured term loan facility due in 2016; Goldman Sachs; invest in funds managed by the company and continue expansion of global platform; Washington, D.C.-based institutional investor to the energy sector.

ELECTRIC INFRASTRUCTURE ALLIANCE OF AMERICA LLC: $666.7 million seven-year construction term loan at Libor plus 200 bps, with step-ups to Libor plus 225 bps and Libor plus 250 bps, 75 bps unused fee; RBC, RBS and SG; back construction of transmission facilities as part of the Texas Competitive Renewable Energy Zones program.

ENDO PHARMACEUTICALS: $2.9 billion senior secured credit facility (Ba1/BBB-); Morgan Stanley and Bank of America; $500 million five-year revolver talked at Libor plus 250 bps, 50 bps unused fee; $1.5 billion five-year term A talked at Libor plus 250 bps; $900 million seven-year term B talked at Libor plus 325 bps, step-down to Libor plus 300 bps at 3.0 times net leverage, 1% Libor floor, par, 101 soft call for six months; help fund acquisition of American Medical Systems; Chadds Ford, Pa., specialty health care company.

EVERGREEN INTERNATIONAL AVIATION INC.: $235 million four-year credit facility; Goldman Sachs; $10 million revolver; $225 million term loan talked at Libor plus 900 bps to 950 bps, 1.5% Libor floor, OID 97 to 98, call protection 103, 102, 101; refinance existing debt; McMinnville, Ore., aviation services company.

EXOPACK HOLDINGS CORP.: $425 million credit facility; Bank of America and Goldman Sachs; $75 million five-year ABL revolver; $350 million six-year covenant-light term loan (B1/B) at Libor plus 500 bps, 1.5% Libor floor, OID 991/2, 101 soft call; refinance debt and fund a dividend; Spartanburg, S.C., full-service paper and plastic flexible packaging products manufacturer.

FMG RESOURCES PTY LTD.: $500 million three-year revolver; general corporate purposes; Australian-based iron ore mining company.

FTD: $315 million credit facility; Wells Fargo; $50 million revolver; $265 million term loan talked at Libor plus 325 bps to 350 bps, 1.25% Libor floor, OID 991/2, 101 soft call; refinance existing debt; Downers Grove, Ill., floral company.

GEO SPECIALTY CHEMICALS INC.: $100 million to $120 million term loan; Goldman Sachs; refinance existing debt and fund a potential acquisition; Lafayette, Ind., producer of specialty chemicals.

GIBSON ENERGY ULC: $950 million senior secured credit facility; JPMorgan, Citigroup and UBS; $700 million seven-year term loan talked at Libor plus 350 bps to 375 bps, 1.25% Libor floor, OID 99, 101 soft call; $250 million five-year revolver; refinance existing debt and for general corporate purposes; Calgary, Alberta-based midstream energy company, a crude oil transporter and a retail propane distributor.

GREEN VALLEY RANCH RESORTS SPA CASINO: $315 million credit facility; Jefferies and Goldman Sachs; $215 million five-year first-lien term loan (B2) at Libor plus 475 bps, 1.5% Libor floor, OID 99, 101 soft call; $90 million six-year second-lien term loan (Caa2) at Libor plus 850 bps, 1.5% floor, OID 98, non-call two, 101; $10 million revolver (B2); help finance the purchase of Green Valley Ranch Resorts by Station Casinos; Henderson, Nev., gaming and lodging company.

GTA TELEGUAM: Expected close May 30 week; $146.5 million credit facility; BNP Paribas; $10 million revolver; $107.5 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.

GUNDLE/SLT ENVIRONMENTAL INC.: $200 million credit facility; Jefferies and GE Capital; $25 million revolver (B3/B-); $135 million first-lien term loan (B3/B-) at Libor plus 550 bps, 1.5% Libor floor, OID 99, 101 soft call; $40 million second-lien term loan (Caa1/CCC+) at Libor plus 950 bps plus 200 bps PIK, 1.5% Libor floor, OID 98, call protection 102, 101; refinance existing ABL credit facility debt and notes; Houston-based manufacturer and marketer of geosynthetic lining products and services.

HELM FINANCIAL CORP.: $170 million credit facility; Credit Suisse and Guggenheim; $50 million five-year revolver at Libor plus 500 bps, 1.25% Libor floor, OID 99; $120 million six-year term loan at Libor plus 500 bps, 1.25% Libor floor, OID 99; refinance existing debt; San Francisco-based rail equipment lessor.

IL FORNAIO CORP.: $145 million credit facility (B1/BB-); Credit Suisse; $15 million five-year revolver; $130 million six-year term loan talked at Libor plus 550 bps, 1.25% Libor floor, OID 99; help fund buyout by Roark Capital Group from Bruckmann, Rosser, Sherrill & Co.; operator and franchiser of restaurants and one production bakery.

IMG WORLDWIDE INC.: $350 million credit facility; JPMorgan; $50 million 41/2-year revolver; $300 million five-year term B talked at Libor plus 425 bps, 1.25% Libor floor, OID 991/2; refinance existing debt; New York-based provider of sports and event marketing and management services.

KENAN ADVANTAGE GROUP: $600 million credit facility repricing; KeyBanc; $375 million term B talked at Libor plus 325 bps, 1.25% Libor floor, 101 soft call; $125 million delayed-draw term loan talked at Libor plus 325 bps, 1.25% Libor floor, 101 soft call; $100 million revolver talked at Libor plus 300 bps, 1.25% Libor floor; North Canton, Ohio, logistics and liquid bulk transportation services provider.

KINDRED HEALTHCARE INC.: $1.35 billion senior secured credit facility; JPMorgan, Morgan Stanley and Citigroup; $650 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.

LEGENDARY PICTURES: $700 million credit facility; JPMorgan; $500 million revolver; $200 million six-year term B at Libor plus 450 bps, 1.5% Libor floor, OID 99; refinance existing debt; Burbank, Calif., film production company.

LUMEN: $113.3 million senior secured credit facility; Bank of Ireland and Madison Capital; $10 million revolver talked at Libor plus 500 bps, 1.5% Libor floor, OID 981/2; $103.3 million term loan talked at Libor plus 500 bps, 1.5% Libor floor, OID 981/2; dividend recapitalization of Harbour Group owned companies, Watchfire and SloanLED; provider of LED lighting.

MEDPACE INC.: $335 million credit facility (B2/B+); Jefferies, Barclays, Bank of America and SunTrust; $50 million revolver; $285 million term loan talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; help fund buyout by CCMP Capital Advisors LLC from management; Cincinnati-based research-based drug development company.

MOBILITIE INVESTMENTS II LLC: $415 million credit facility (B2/BB-); TD Securities and GE Capital; $25 million five-year revolver talked at Libor plus 350 bps; $150 million five-year delayed-draw for 24 months term loan talked at Libor plus 350 bps, 125 bps ticking fee, dropping to 75 bps once usage is over 50%; $240 million six-year term B talked at Libor plus 375 bps to 400 bps, 1.25% to 1.5% Libor floor, OID 991/2; refinance existing debt, and delayed-draw loan for capital expenditures; Newport Beach, Calif., owner and constructor of communication towers.

ONELINK COMMUNICATIONS: $520 million credit facility; Citigroup (left lead on first-lien), JPMorgan (left lead on second-lien), Credit Suisse and Morgan Stanley; $25 million five-year revolver (B2/B+); $345 million six-year first-lien term loan (B2/B+) at Libor plus 450 bps, 1.5% Libor floor, OID 99, 101 soft call; $150 million seven-year second-lien term loan (Caa2/CCC+) talked at Libor plus 650 bps to 700 bps, 1.5% Libor floor, OID 99, call protection 102, 101; refinance existing debt and fund a dividend; provider of cable services in the San Juan area in Puerto Rico.

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 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.

PRE-PAID LEGAL SERVICES INC.: $430 million senior secured credit facility (B1/B+); Macquarie Capital, RBC, KeyBanc and Bank of Ireland; $30 million five-year revolver talked at Libor plus 450 bps to 500 bps, 1.5% Libor floor, OID 981/2; $400 million six-year term B talked at Libor plus 450 bps to 500 bps, 1.5% Libor floor, OID 981/2; help fund buyout by MidOcean Partners; Ada, Okla., provider of legal service benefits through a network of independent law firms.

QUINTILES TRANSNATIONAL CORP.: $2.225 billion senior secured credit facility (B1/BB-); JPMorgan, Barclays, Morgan Stanley, Citigroup and Wells Fargo; $225 million revolver due in 2016 at Libor plus 275 bps, 50 bps unused fee; $2 billion term B due in 2018 at Libor plus 375 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance existing debt; Durham, N.C., biopharmaceutical services company.

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.

RENTECH ENERGY MIDWEST CORP.: $150 million five-year term loan at Libor plus 850 bps, 1.5% Libor floor, OID 98, call protection 102, 101; Credit Suisse; refinance existing bank debt and fund a dividend; East Dubuque, Ill., manufacturer and seller of nitrogen fertilizer products.

SECURUS TECHNOLOGIES: $365 million credit facility; BNP Paribas and GE Capital; $35 million revolver (B1/B+); $233 million first-lien term B (B1/B+) at Libor plus 400 bps, 1.25% Libor floor, OID 99, 101 soft call for six months; $97 million second-lien term loan (Caa1/CCC+) at Libor plus 825 bps, 1.75% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Castle Harlan from H.I.G. Capital; Dallas-based provider of specialized telecommunications products and services for the corrections communications marketplace.

SELECT MEDICAL CORP.: $1.15 billion credit facility (Ba3/BB-); JPMorgan, Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo and RBC; $850 million term B at Libor plus 375 bps, 1.75% Libor floor, OID 99, 101 soft call for two years; $300 million revolver at Libor plus 375 bps, 50 bps unused fee; refinance debt, including notes; Mechanicsburg, Pa., operator of specialty hospitals and outpatient rehabilitation clinics.

SEMGROUP CORP.: $650 million credit facility (B1); RBS, Barclays, BNP and Citigroup; $350 million five-year revolver talked at Libor plus 325 bps, 50 bps unused fee; $100 million five-year term A talked at Libor plus 325 bps; $200 million seven-year term B talked at Libor plus 375 bps to 400 bps, 1.25% Libor floor, OID 991/2, 101 soft call; refinance existing debt; Tulsa, Okla., midstream service company.

SPRINGS WINDOW FASHIONS LLC: $475 million credit facility; JPMorgan; $50 million five-year revolver (B1/B); $300 million six-year first-lien term loan (B1/B) at Libor plus 450 bps, 1.5% Libor floor, OID 98, 101 soft call; $125 million seven-year second-lien term loan (Caa1/CCC+) at Libor plus 925 bps, 2% floor, OID 97, call protection 103, 103, 102, 101; refinance existing debt and fund a dividend; manufacturer of blinds, shades and drapery hardware.

SRAM INTERNATIONAL CORP.: $840 million credit facility; JPMorgan; $50 million five-year revolver (Ba2/B+); $575 million seven-year first-lien term loan (Ba2/B+) talked at Libor plus 400 bps, 1.25% Libor floor, OID 991/2; $215 million 71/2-year second-lien term loan (B3/B-) talked at Libor plus 750 bps, 1.5% Libor floor, OID 98; repay bank debt and acquire class A units of SRAM Holdings LLC held by Trilantic and its co-investors; Chicago-based designer, manufacturer and marketer of bicycle components.

SURGICAL CARE AFFILIATES: $100 million incremental term B (Ba3/B) talked at Libor plus 400 bps, 1.5% Libor floor, OID 99, 101 soft call; JPMorgan; help fund the acquisition of ambulatory surgery centers; Birmingham, Ala., operator of ambulatory surgical centers and surgical hospitals.

SYMPHONYIRI GROUP INC.: $450 million credit facility (B1/B+); Bank of America, Jefferies and BMO; $50 million five-year revolver at Libor plus 375 bps; $400 million 61/2-year covenant-light term loan B at Libor plus 375 bps, step-down to Libor plus 350 bps when total net leverage is less than 3.5x, 1.25% Libor floor, OID 991/2, 101 soft call; help fund buyout by New Mountain Capital LLC and management; Chicago-based provider of sales and marketing data and analytic services for customers in the consumer packaged goods and consumer health industries.

TERRA-GEN FINANCE CO. LLC: $360 million senior secured credit facility (Ba3/BB/BB-); Goldman Sachs and Credit Suisse; $60 million five-year revolver talked at Libor plus 400 bps, 1.25% Libor floor, OID 991/2; $300 million six-year term B talked at Libor plus 400 bps, 1.25% Libor floor, OID 991/2, 101 soft call; refinance existing debt, pay a dividend and fund a debt service reserve; New York-based renewable energy provider.

TWIN RIVER MANAGEMENT GROUP INC.: $285 million senior secured credit facility (B1/BB); Credit Suisse and Deutsche Bank; $25 million five-year revolver; $260 million 61/2-year term loan talked at Libor plus 400 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance existing debt; owner and operator of the Twin River casino located near Providence, R.I.

ULTERRA DRILLING TECHNOLOGIES: Expected close May 30 week; $97.5 million five-year credit facility (Caa1/B-); Jefferies; $15 million revolver talked at Libor plus 750 bps, 2% Libor floor, OID 98; $82.5 million term loan talked at Libor plus 750 bps, 2% Libor floor, OID 98, call protection 102, 101; refinance existing debt and for general corporate purposes; Fort Worth, Texas, oilfield service manufacturer of PDC drill bits and stick-slip reduction tools.

UNIVITA HEALTH: $220 million senior secured credit facility (B2/B); Barclays and Jefferies; $20 million five-year revolver talked at Libor plus 450 bps to 475 bps, 1.5% Libor floor, OID 99; $200 million six-year term loan talked at Libor plus 450 bps to 475 bps, 1.5% Libor floor, OID 99, 101 soft call; repay credit facility and mezzanine debt; Scottsdale, Ariz., provider of home-based care.

U.S. HEALTHWORKS MEDICAL GROUP: $225 million credit facility; GE Capital; $25 million five-year revolver talked at Libor plus 425 bps, 1.5% Libor floor, OID 99; $150 million five-year first-lien term B talked at Libor plus 425 bps, 1.5% Libor floor, OID 99; $50 million six-year second-lien term loan talked at Libor plus 800 bps, 1.5% Libor floor, OID 98 to 99, call protection 103, 102, 101; refinance existing debt and redeem preferred equity; Valencia, Calif., provider of health care for on-the-job injuries and urgent care.

U.S. SILICA: $260 million six-year term loan (B1/B+) talked at Libor plus 375 bps, 1% Libor floor, OID 99½ on new money, OID 99¾ on old; BNP Paribas; repay mezzanine debt and fund a distribution to holdco; Berkeley Springs, W.Va., producer of ground and unground silica sand, kaolin clay, aplite and related industrial minerals.

VALITAS HEALTH SERVICES INC.: $360 million senior secured credit facility (Ba3/B); Barclays and Bank of America; $285 million six-year term B at Libor plus 450 bps, step-down to Libor plus 425 bps at 3.75x leverage, 1.25% Libor floor, OID 991/2, 101 soft call; $75 million five-year revolver at Libor plus 450 bps, 1.25% Libor floor; help fund acquisition of America Service Group Inc.; Brentwood, Tenn., provider of health care services to the incarcerated population.

VAN WAGNER COMMUNICATIONS LLC: $205 million credit facility; GE Capital; $25 million revolver talked at Libor plus 425 bps to 450 bps, 1.5% Libor floor; $180 million term loan talked at Libor plus 425 bps to 450 bps, 1.5% Libor floor; refinance existing debt; out of home advertising company.

WALL STREET SYSTEMS: $350 million credit facility; Credit Suisse; $25 million five-year revolver (Ba3/B) at Libor plus 400 bps, 1.5% Libor floor; $200 million six-year first-lien term loan (Ba3/B) at Libor plus 400 bps, 1.5% Libor floor, OID 991/2; $125 million seven-year second-lien term loan (Caa1/B-) at Libor plus 750 bps, 1.5% Libor floor, OID 99, call protection 102, 101; help fund acquisition by ION Investment Group from Warburg Pincus; New York-based provider of treasury management, central banking and FX trade processing services.

WALTER INVESTMENT MANAGEMENT CORP.: $810 million senior secured credit facility; Credit Suisse, RBS and Bank of America; $45 million five-year revolver talked at Libor plus 525 bps, 75 bps unused fee, 1.5% Libor floor, OID 99; $500 million five-year first-lien term loan (B1/B+) talked at Libor plus 525 bps, 1.5% Libor floor, OID 99, 101 soft call; $265 million 51/2-year second-lien term loan (B3/B) talked at Libor plus 900 bps, 1.5% Libor floor, OID 99, call protection 103, 102, 101; help fund acquisition of GTCS Holdings LLC; Tampa, Fla.-based asset manager, mortgage servicer and mortgage portfolio owner.

YRC WORLDWIDE INC.: $400 million three-year asset-based revolver priced at Libor plus 300 bps to 375 bps, commitment fee 37.5 bps to 62.5 bps, based on monthly average excess availability; Morgan Stanley; increase liquidity and refinance an asset-backed securitization facility; Overland Park, Kan., transportation service provider.

ON THE HORIZON

ALKERMES INC.: $450 million term loan; Morgan Stanley and HSBC; help fund merger with Elan Drug Technologies to create Dublin, Ireland-based Alkermes plc; Waltham, Mass., biotechnology company.

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.

CALIFORNIA PIZZA KITCHEN INC.: New credit facility; GE Capital and Jefferies; help fund buyout by Golden Gate Capital; Los Angeles-based casual dining chain.

CAPSUGEL: $1.07 billion credit facility; UBS, Barclays, Deutsche Bank, KKR Capital Markets and Mizuho; $150 million revolver; $920 million term B; help fund buyout by Kohlberg Kravis Roberts & Co LP from Pfizer Inc.; Peapack, N.J.-based manufacturer of hard capsules and drug-delivery systems.

CARROLS RESTAURANT GROUP INC.: New senior secured credit facility; term loans; refinancing in connection with separation by Carrols Restaurant Group Inc. of Hispanic brands from Burger King business; Syracuse, N.Y.-based operator of restaurant brands in the quick-casual and quick-service segments.

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

CHINA FIRE & SECURITY GROUP INC.: $80 million five-year credit facility; Bank of America, Citigroup and HSBC; $20 million revolver expected at Libor plus 500 bps; $60 million term loan expected at Libor plus 500 bps; help fund buyout by Bain Capital Partners LLC and management; provider of industrial fire protection systems in China.

COSTAR GROUP INC.: $465 million credit facility; JPMorgan; $415 million seven-year term loan expected at Libor plus 350 bps, 1.25% Libor floor; $50 million five-year revolver expected at Libor plus 300 bps; help fund acquisition of LoopNet Inc.; Washington, D.C.-based commercial real estate information company.

EAGLE ROCK ENERGY PARTNERS LP: $675 million five-year revolver at Libor plus 175 bps to 275 bps based on borrowing base utilization; Wells Fargo; refinance existing revolver; Houston-based natural gas and natural gas liquids company.

GGC SOFTWARE HOLDINGS INC.: $1.115 billion senior secured credit facility; Credit Suisse, Bank of America, Morgan Stanley, RBC and Deutsche Bank; $1.04 billion term loan; $75 million revolver; help fund acquisition of Lawson Software Inc. by Golden Gate Capital and Infor Global Services; St. Paul, Minn., enterprise software developer.

HUSKY INTERNATIONAL LTD.: New credit facility; Goldman Sachs, Morgan Stanley, RBC and TD Securities; help fund buyout by Berkshire Partners LLC and Omers Private Equity Inc. from Onex Corp.; Bolton, Ont., supplier of injection molding equipment and services to the plastics industry.

INC RESEARCH LLC: $425 million credit facility; Morgan Stanley; $75 million revolver; $350 million term B; help fund purchase of Kendle International Inc.; Raleigh, N.C.-based therapeutically focused contract research organization.

INVENTIV HEALTH: New financing; Bank of America, Citigroup and Jefferies; help fund acquisition of PharmaNet Development Group from JLL Partners Inc.; Somerset, N.J., provider of clinical, consulting and commercial services to the health care industry.

IPREO HOLDINGS LLC: $170 million credit facility; RBC; $20 million revolver; $150 million term loan; help fund buyout by Kohlberg Kravis Roberts & Co. LP from Veronis Suhler Stevenson; New York-based capital markets and corporate analytics firm.

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, Citigroup, Deutsche Bank, Morgan Stanley and Credit Suisse; in connection with acquisition of Global Crossing Ltd.; Hamilton, Bermuda, provider of fiber-based communications services.

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.

NRG ENERGY INC.: $3.9 billion credit facility (Baa3); $2.3 billion revolver; $1.6 billion seven-year term B; refinance existing bank debt; Princeton, N.J., power generation company.

NTELOS WIRELINE ONC INC.: New senior secured credit facility including revolver; fund a working capital cash reserve and make a payment to Ntelos Holdings Corp. in connection with spin-off; Waynesboro, Va., wireline communications business.

SHOPZILLA INC.: New senior secured financing; Wells Fargo; help fund buyout by Symphony Technology Group from Scripps Networks Interactive Inc.; expected close on or around May 31; owner and operator of a portfolio of online consumer shopping properties.

SMART MODULAR TECHNOLOGIES INC.: $350 million credit facility; JPMorgan and UBS; $300 million seven-year covenant-light first-lien term loan expected at Libor plus 450 bps, 1.25% Libor floor, OID 991/2; $50 million five-year first-lien first-out revolver expected at Libor plus 450 bps, 50 bps unused fee, 1.25% Libor floor, 100 bps upfront fee; help fund buyout by Silver Lake Partners and Silver Lake Sumeru; Newark, Calif., manufacturer of memory modules and solid state storage products.

STAFFMARK HOLDINGS INC.: $150 million five-year secured revolver at Libor plus 200 bps to 250 bps; SunTrust and Harris; in connection with IPO; refinance existing facility; Cincinnati-based provider of light industrial, clerical and specialty temporary staffing.

SUNSTATE EQUIPMENT CO.: New ABL revolver; refinance existing debt; Phoenix, Ariz., provider of construction rental tools and equipment to construction, industrial and special event companies.

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.

WPX ENERGY INC.: $1.5 billion five-year senior unsecured credit facility; in connection with IPO; Tulsa, Okla., natural gas and oil exploration and production 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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