Bank Loan Calendar: $21.540 billion deals being marketed

September Bank Meetings

ENDURANCE INTERNATIONAL GROUP: Bank meeting Sept. 16; $340 million credit facility (B2); Morgan Stanley; $35 million three-year revolver; $305 million six-year term loan; refinance existing debt and general corporate purposes; Burlington, Mass., provider of online services to small- and medium-sized businesses.

KINETIC CONCEPTS INC.: $2.8 billion senior secured credit facility (Ba3/BB-); Bank of America, Morgan Stanley and Credit Suisse; $2.6 billion term loan; $200 million revolver; help fund buyout by Apax Partners, Canada Pension Plan Investment Board and the Public Sector Pension Investment Board; San Antonio medical technology company.

OPEN TEXT INC.: $900 million senior secured credit facility (Ba1); Barclays and RBC; $100 million revolver; $200 million delayed-draw term A; $600 million term B; add cash to the balance sheet, refinance existing bank debt and for working capital purposes; Waterloo, Ont., enterprise software company.

RENAISSANCE LEARNING INC.: Bank meeting Sept. 21; $270 million credit facility; RBC and BMO; $20 million revolver; $175 million first-lien term loan; $75 million second-lien term loan; help fund buyout by Permira Funds; Wisconsin Rapids, Wis., provider of technology-based school improvement and student assessment programs for K-12 schools.

WEB.COM: Expected September/October business; $800 million senior secured credit facility; JPMorgan, Deutsche Bank, Goldman Sachs and SunTrust; $50 million five-year revolver expected at Libor plus 425 bps; $600 million seven-year first-lien term B expected at Libor plus 425 bps, 1.25% Libor floor; $150 million eight-year second-lien term loan expected at Libor plus 800 bps, 1.25% Libor floor, call protection 102, 101; help fund acquisition of Network Solutions; Jacksonville, Fla., provider of internet and online marketing services.

Upcoming Closings

ALKERMES INC.: $450 million of covenant-light term loans; Morgan Stanley and HSBC; $310 million six-year first-lien term B (BB) at Libor plus 525 bps, 1.5% Libor floor, OID 99, 101 soft call; $140 million seven-year second-lien term C (B) at Libor plus 800 bps, 1.5% Libor floor, OID 98, call protection 103, 102, 101; help fund merger with Elan Drug Technologies to create Dublin, Ireland-based Alkermes plc; Waltham, Mass., biotechnology company.

AVIS BUDGET GROUP INC.: $420 million seven-year term B talked at Libor plus 525 bps, 1.5% Libor floor, OID 97 to 98, 101 soft call; Morgan Stanley, Citigroup, Credit Agricole, Scotia Capital and RBS; help fund acquisition of Avis Europe plc; Parsippany, N.J., vehicle rental company.

BJ'S WHOLESALE CLUB INC.: $2.225 billion senior secured credit facility; Deutsche Bank, Citigroup, Barclays, Jefferies, GE Capital and Wells Fargo; $850 million five-year ABL revolver talked at Libor plus 200 bps; $50 million last-out ABL term loan talked at Libor plus 350 bps; $1.125 billion seven-year covenant-light first-lien term loan (B+) talked in Libor plus 525 bps area, 1.25% Libor floor, OID 971/2, 101 soft call; $200 million 71/2-year covenant-light second-lien term loan (B-) talked at Libor plus 850 bps to 875 bps, 1.25% Libor floor, OID 97, call protection 103, 102, 101; help fund buyout by Leonard Green & Partners LP and CVC Capital Partners; Westborough, Mass., operator of warehouse clubs.

BLACKBOARD INC.: $1.23 billion senior secured credit facility; Bank of America, Deutsche Bank and Morgan Stanley; $100 million five-year revolver (B1/B+); $780 million seven-year first-lien term loan (B1/B+) talked at Libor plus 550 bps, 1.5% Libor floor, OID 96½ to 97, soft call 102, 101; $350 million eight-year second-lien term loan (Caa1/CCC+) talked at Libor plus 975 bps, 1.5% Libor floor, OID 97½ to 98, non-call one, 102, 101; help fund buyout by Providence Equity Partners; Washington, D.C.-based provider of enterprise software applications and related services to the education industry.

BUFFALO GULF COAST TERMINALS: $275 million secured term loan (Ba1) talked at Libor plus 600 bps, 1.5% Libor floor, OID 98, non-call one, 102, 101; Barclays; help fund the acquisition of Houston Fuel Oil Terminal Co. LLC, a provider of crude and residual fuel oil storage in the Gulf of Mexico, from ArcLight Capital Partners.

CUMULUS MEDIA INC.: $2.415 billion senior secured credit facility; JPMorgan, UBS, Macquarie, RBC and ING; $300 million five-year revolver (Ba2/BB); $1.325 billion seven-year first-lien term loan (Ba2/BB) at Libor plus 450 bps, 1.25% Libor floor, OID 99, 101 soft call; $790 million 71/2-year second-lien term loan (B2/B-) at Libor plus 600 bps, 1.5% Libor floor, OID 981/2, non-call one, 103, 102, 101; help fund acquisition of Citadel Broadcasting Corp. and refinance debt; Atlanta-based radio broadcaster.

DIAL GLOBAL: $265 million credit facility; GE Capital and ING leading first-lien, Macquarie leading second-lien; $25 million revolver talked at Libor plus 600 bps to 625 bps, 1.5% Libor floor, OID 98 to 981/2; $175 million first-lien term loan talked at Libor plus 600 bps to 625 bps, 1.5% Libor floor, OID 98 to 981/2; $65 million second-lien term loan talked at Libor plus 950 bps to 1,000 bps, 1.5% Libor floor, OID 97 to 98, call protection 102, 101; help fund merger with Westwood One Inc. and refinance existing debt; Los Angeles-based provider of advertising sales representation and syndication services to radio production companies.

DRUG ROYALTY II LP1: $155 million term loan (Ba2/BB+) talked at Libor plus 450 bps area, 1.25% Libor floor, OID 99 to 991/2; Macquarie; refinance existing debt; specialty pharmaceutical royalty acquisition company.

ECOMMERCE INDUSTRIES INC.: $142 million credit facility; Golub Capital; $3 million revolver talked around 7½%, including coupon and Libor floor, OID 981/2; $139 million term loan talked around 7½%, including coupon and Libor floor, OID 981/2; refinance existing debt and fund a small acquisition; Fort Worth, Texas-based developer of industry-specific business operations software and integrated supply chain automation.

FLEXERA SOFTWARE: $355 million credit facility; BMO; $25 million revolver (B2/B); $230 million first-lien term loan (B2/B) talked at Libor plus 600 bps, 1.25% Libor floor, OID 98; $100 million second-lien term loan (Caa2/CCC+) talked at Libor plus 925 bps, 1.25% Libor floor, OID 98; help fund buyout by Teachers' Private Capital from Thoma Bravo LLC; Schaumburg, Ill., provider of strategic application usage management services for application producers and their enterprise customers.

GARDEN RIDGE: $330 million credit facility; Bank of America and UBS; $80 million ABL revolver; $250 million six-year term B (B2/B+) talked at Libor plus 625 bps to 650 bps, 1.5% Libor floor, OID 97, 101 soft call; fund buyout by AEA Investors LP; Houston-based seller of mattresses, ready-to-assemble furniture, discount apparel and handbags and books.

GE SEACO: $1 billion term loan talked at Libor plus 300 bps, step-up to Libor plus 400 bps after two years and to Libor plus 600 bps at year six; Deutsche Bank and ING; help fund buyout by HNA Group Co. Ltd. and Bravia Capital from General Electric Capital Corp. and Sea Containers Ltd.; Singapore-based marine container leasing company.

GENCOAT INC.: New credit facility; GE Capital; Sussex, Wis., designer, manufacturer and distributor of roll coaters, laminating equipment, Peabody electrostatic oilers, integrated coil processing lines and replacement parts.

GEORGE LITTLE MANAGEMENT: $88 million six-year credit facility; GE Capital; $10 million revolver talked at Libor plus 550 bps, 1.5% Libor floor, OID 99; $78 million term loan talked at Libor plus 550 bps, 1.5% Libor floor, OID 99; help fund buyout by Providence Equity Partners from Daily Mail and General Trust plc; creator of face-to-face and online buying, selling and networking platforms for designers, product developers, manufacturers, reps, retailers and operators.

GO DADDY GROUP INC.: $825 million credit facility (Ba3); Barclays, Deutsche Bank, RBC and KKR; $75 million revolver; $750 million term loan talked at Libor plus 550 bps to 575 bps, 1.25% Libor floor, OID 96, 101 soft call; help fund investment and partnership with KKR, Silver Lake and Technology Crossover Ventures; Scottsdale, Ariz., provider of web hosting and domain names.

LEVEL 3 FINANCING INC.: $650 million six-year senior secured covenant-light term loan B II (B+) talked at Libor plus 425 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.

LEVI STRAUSS & CO.: $850 million ABL revolver talked at Libor plus 175 bps, 50 bps unused fee; JPMorgan, Bank of America Merrill Lynch, Wells Fargo and HSBC; refinance an existing revolver; San Francisco-based apparel maker.

METROPOLITAN HEALTH NETWORKS INC.: $355 million senior secured credit facility; GE Capital and SunTrust; $40 million revolver talked at Libor plus 500 bps, 1.5% Libor floor, OID 99; $240 million first-lien term loan talked at Libor plus 550 bps, 1.5% Libor floor, OID 981/2; $75 million second-lien term loan talked at Libor plus 1,175 bps, 1.75% Libor, OID 98; help fund acquisition of Continucare Corp.; Boca Raton, Fla., health care organization.

MSC.SOFTWARE CORP.: $235 million credit facility (B2/B+); Bank of America; $20 million revolver; $215 million six-year term loan talked at Libor plus 500 bps, 1.5% Libor floor, OID 99, 101 soft call; refinance existing debt and fund a dividend; Santa Ana, Calif., provider of multidiscipline simulation services that accelerate product innovation.

NEWPAGE CORP.: $600 million 18-month debtor-in-possession financing facility; JPMorgan and Barclays on term loan, JPMorgan, Barclays and Wells Fargo on revolver; $350 million first-out ABL revolver talked at Libor plus 325 bps; $250 million second-out term loan talked at Libor plus 700 bps, 1.5% Libor floor, OID 99, 101 soft call; repay revolver debt and for general corporate purposes during Chapter 11 process; Miamisburg, Ohio, producer of printing and specialty papers.

PODS ENTERPRISES INC.: $225 million credit facility; GE Capital; $25 million revolver talked at Libor plus 600 bps, 1.5% Libor floor, OID 981/2; $154 million term loan talked at Libor plus 600 bps, 1.5% Libor floor, OID 981/2; $46 million delayed-draw for six months term loan talked at Libor plus 600 bps, 100 bps unused fee, 1.5% Libor floor, OID 981/2; acquisition funding and refinance existing debt; Clearwater, Fla., provider of portable on demand storage and moving products and services.

SEALED AIR CORP.: $3 billion credit facility (Ba1/BB+); Citigroup, Bank of America, BNP Paribas, RBS; $700 million five-year revolver at Libor plus 250 bps, 50 bps unused fee; $1.1 billion five-year term A at Libor plus 250 bps; $925 million term B talked at Libor plus 400 bps, 1% Libor floor, OID 97, 101 soft call; $275 million U.S. dollar equivalent euro term B talked at Euribor plus 450 bps, 1% Euribor floor, OID 97, 101 soft call; help fund acquisition of Diversey Holdings Inc.; Elmwood Park, N.J., manufacturer of packaging and performance-based materials and equipment systems for food, industrial, medical and consumer applications.

TELX GROUP INC.: $340 million senior secured credit facility (B1/B); Morgan Stanley and TD Securities; $50 million five-year revolver talked at Libor plus 450 bps, 1.25% Libor floor, OID 96 to 97; $290 million six-year term loan talked at Libor plus 600 bps to 625 bps, 1.25% Libor floor, OID 96 to 97; help fund buyout by ABRY Partners and Berkshire Partners LLC from GI Partners; New York-based provider of interconnection and colocation facilities.

On The Horizon

APAC CUSTOMER SERVICES INC.: New credit facility; help fund buyout by One Equity Partners; Bannockburn, Ill.-based provider of customer care services.

CATALENT PHARMA SOLUTIONS INC.: New term loan; help fund acquisition of Aptuit LLC's clinical trial supplies business; Somerset, N.J., provider of advanced technologies, and development, manufacturing, and packaging services for pharmaceutical, biotechnology and consumer health care companies.

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.

CONVERGEX HOLDINGS LLC: New credit facility; Bank of America, Barclays, Deutsche Bank, Morgan Stanley and Citigroup; help fund buyout by CVC Capital Partners from GTCR; New York-based technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries.

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.

DIAMOND FOODS INC.: $1.75 billion in credit facilities; Bank of America; $300 million five-year term A at Diamond expected at Libor plus 250 bps; $400 million five-year revolver at Diamond expected at Libor plus 250 bps, 35 bps unused fee; $375 million five-year term A at Pringles expected at Libor plus 250 bps; $675 million seven-year term B at Pringles expected at Libor plus 325 bps, 1% Libor floor; repay existing bank debt, fund working capital and other general corporate purposes, and help fund merger with Pringles Co.; San Francisco-based packaged food company.

EMDEON INC.: $1.325 billion senior secured credit facility; Bank of America, Citigroup, Barclays and Goldman Sachs; $125 million five-year revolver expected at Libor plus 450 bps, 50 bps unused fee; $1.2 billion seven-year covenant-light term B expected at Libor plus 475 bps, 1.25% Libor floor; help fund buyout by Blackstone Capital Partners VI LP; Nashville, Tenn., provider of revenue and payment cycle management services, connecting payers, providers and patients in the health care system.

HUSSMANN INTERNATIONAL INC.: $200 million secured term loan; GE Capital, ING, Rabobank, BMO, RBC and Natixis; help fund buyout of majority stake by Clayton, Dubilier & Rice LLC from Ingersoll-Rand plc; Bridgeton, Mo.-based manufacturer, seller, installer and servicer of refrigerated display merchandising equipment and refrigeration systems.

OPEN LINK FINANCIAL INC.: New financing; Credit Suisse; help fund buyout by Hellman & Friedman from Carlyle Group; Uniondale, N.Y., provider of cross-asset trading, risk management and operations processing software services.

PAR PHARMACEUTICAL COS. INC.: $450 million five-year credit facility; JPMorgan; $350 million term loan expected at Libor plus 250 bps; $100 million revolver expected at Libor plus 250 bps, 37.5 bps unused fee; help fund acquisition of Anchen Pharmaceuticals Inc. and refinance existing revolver; Woodcliff Lake, N.J., specialty pharmaceutical company.

SINCLAIR BROADCAST GROUP INC.: New term loan; help fund acquisition of Four Points Media Group LLC from Cerberus Capital Management LP; Hunt Valley, Md., television broadcasting company.

SOPHIA LP (SUNGARD HIGHER EDUCATION/DATATEL INC.): New credit facility; Bank of America, Barclays, Citigroup, Credit Suisse and JPMorgan; help fund buyout of SunGard Higher Education by Hellman & Friedman LLC and merger with Datatel Inc.; provider of software, technology products and services to the higher education community.

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.

SUNRISE SENIOR LIVING INC./CNL INCOME PARTNERS LP: About $120 million of new loans; help fund formation of new joint venture that will own seven senior living facilities.

WESTERN DIGITAL CORP.: $3 billion senior unsecured credit facility; Bank of America; $500 million revolver; $2.5 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.: Exit facility, including a $200 million revolver; Goldman Sachs and Deutsche Bank; Columbia, Md., specialty chemicals company.

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