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Published on 3/16/2012 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $33.180 billion deals being marketed

March Bank Meetings

ALON USA ENERGY INC.: Bank meeting March 20; $700 million secured term B; Goldman Sachs; repay existing term loan and retire senior secured notes; Dallas-based refiner and marketer of petroleum products.

AVETA INC.: Bank meeting March 20; $550 million credit facility; Bank of America; $50 million revolver; $500 million term loan; refinance existing debt and fund a dividend; Fort Lee, N.J., medical management company.

LAWSON SOFTWARE INC.: Bank meeting March 21 in N.Y. (London meeting March 19); $3.65 billion senior secured credit facility; Bank of America, Credit Suisse, JPMorgan, Morgan Stanley, Barclays, Deutsche Bank, RBC and KKR; $150 million five-year revolver; $3.1 billion six-year term B, 101 soft call; $400 million 41/2-year term B-1, 101 soft call; refinance debt with merger with Infor Global Solutions Holdings Ltd.; St. Paul, Minn.-based provider of enterprise software.

MERCURY PAYMENTS SYSTEMS LLC: Conference call March 19; $199 million term loan; Deutsche Bank, Barclays and Credit Suisse; reprice existing term loan; Durango, Colo., payment processing company.

PINNACLE FOODS FINANCE LLC: Conference call March 19; $550 million credit facility; Barclays, Bank of America, JPMorgan and Macquarie; $150 million five-year revolver; $400 million term E; repay term D and redeem 10 5/8% notes; Mountain Lakes, N.J., manufacturer and distributor of branded packaged foods.

Upcoming Closings

4L HOLDINGS: $300 million six-year term B talked at Libor plus 500 bps, 1.25% Libor floor, OID 981/2; JPMorgan; refinance existing debt.

ACCO BRANDS CORP.: $1.02 billion senior secured credit facility (Ba2/BB+/BB+); Barclays, Bank of America and BMO; $250 million five-year revolver at Libor plus 300 bps; $320 million five-year term A at Libor plus 300 bps; $450 million seven-year term B at Libor plus 325 bps, 1% Libor floor, OID 99, 101 soft call; help fund merger with MeadWestvaco Corp.'s consumer & office products business and refinance existing debt; Lincolnshire, Ill., office supply manufacturer.

ALERE INC.: $200 million term B-2 talked at Libor plus 350 bps, step-up to Libor plus 375 bps by March 31 due to leverage grid, 1% Libor floor, OID 983/4; Jefferies, GE Capital, Goldman Sachs and Credit Suisse; help fund the acquisition of eScreen Inc.; Waltham, Mass., provider of near-patient diagnosis, monitoring and health management to enable individuals to improve their health and quality of life at home.

ALLIANCE LAUNDRY SYSTEMS LLC: $350 million five-year credit facility (B1/BB-); Bank of America, BMO, Morgan Stanley and Fifth Third; $75 million revolver talked at Libor plus 275 bps; $275 million term A talked at Libor plus 275 bps; refinance existing credit facility, pay a special dividend and general corporate purposes; Ripon, Mass., designer, manufacturer and marketer of commercial laundry equipment.

AMN HEALTHCARE SERVICES INC.: $250 million credit facility; SunTrust and GE Capital; $50 million five-year revolver; $200 million six-year term B talked at Libor plus 500 bps, 1.25% Libor floor, OID 981/2, 101 soft call; refinance existing debt; San Diego-based health care staffing and workforce services company.

ARMSTRONG WORLD INDUSTRIES INC.: $250 million add-on term B (B1/BB-) talked at Libor plus 300, 1% Libor floor, OID 981/2; Bank of America, JPMorgan and Barclays; help fund a dividend to shareholders; Lancaster, Pa., designer and manufacturer of floors, ceilings and cabinets.

BEACON ROOFING SUPPLY INC.: $500 million five-year credit facility; Wells Fargo, JPMorgan, Bank of America, Union Bank and GE Capital; $300 million revolver talked at Libor plus 175 bps, 37.5 bps unused fee; $200 million term A talked at Libor plus 175 bps; refinance existing debt; Peabody, Mass., distributor of residential and non-residential roofing and complementary building products.

CATAPULT LEARNING: $93 million credit facility; BMO; $15 million revolver talked at Libor plus 525 bps, 1.5% Libor floor, OID 981/4; $12 million delayed-draw term loan talked at Libor plus 525 bps, 1.5% Libor floor, OID 981/4; $66 million term loan talked at Libor plus 525 bps, 1.5% Libor floor, OID 981/4; refinance existing debt and fund a dividend; Camden, N.J., provider of contracted educational services to schools and districts.

CENTAUR LLC: $240 million credit facility (B2/B+); Credit Suisse and Macquarie; $10 million five-year revolver talked at Libor plus 575 bps; $230 million six-year term loan talked at Libor plus 575 bps, 1.25% Libor floor, OID 98, 101 soft call; refinance existing debt; Indianapolis-based casino operator.

COLONIAL MANAGEMENT: $69 million credit facility; SunTrust; $3 million revolver talked at Libor plus 225 bps; $66 million term loan talked at Libor plus 225 bps; refinance existing debt and general corporate purposes; Florida-based operator of methadone clinics.

CONTAINER STORE INC.: $350 million credit facility; JPMorgan, Barclays, Morgan Stanley and Wells Fargo; $75 million asset-based revolver; $275 million term B (B3/B-) talked at Libor plus 475 bps to 500 bps, 1.25% Libor floor, OID 971/2, 101 soft call; refinance existing debt; Coppell, Texas, retailer of organization and storage products.

COVANTA ENERGY CORP.: $1.2 billion credit facility (Ba1/BB+/BB+); Bank of America, Morgan Stanley, Barclays, Credit Agricole and JPMorgan; $900 million five-year revolver talked at Libor plus 225 bps, 50 bps unused fee; $300 million seven-year term B talked at Libor plus 300 bps, 1% Libor floor, OID 99 to 991/2; refinance existing credit facility; Morristown, N.J., owner and operator of Energy-from-Waste and power generation projects.

CRESTWOOD HOLDINGS LLC: $400 million term B (Caa1/CCC+) talked at Libor plus 850 bps, 1.5% Libor floor, OID 981/2, call protection 103, 102, 101; Bank of America, BNP Paribas, Citigroup, RBC, RBS and UBS; refinance existing debt and fund acquisition of Antero Resources Appalachian Corp.'s Marcellus Shale gathering system assets; Houston-based energy company.

DSI RENAL INC.: $188 million credit facility; GE Capital; $25 million five-year revolver talked at Libor plus 525 bps; $30 million one-year revolver talked at Libor plus 525 bps; $133 million term loan talked at Libor plus 525 bps, 1.5% Libor floor, OID 981/2; Nashville, Tenn., provider of dialysis services to patients suffering from chronic kidney failure.

EDUCATION MANAGEMENT CORP.: $350 million term B (BB) due 2018 talked at Libor plus 525 bps, 1.25% Libor floor, OID 981/2, 101 soft call; Bank of America, Barclays and Goldman Sachs; refinance existing debt; Pittsburgh-based provider of private post-secondary education.

EMI MUSIC PUBLISHING: $1.225 billion senior secured credit facility (Ba3/BB-); UBS; $75 million five-year revolver at Libor plus 475 bps, 75 bps unused fee, 1.25% Libor floor; $1.15 billion six-year term B at Libor plus 425 bps, 1.25% Libor floor, OID 99, 101 soft call; help fund purchase of EMI Music Publishing by Sony Corp. of America, the Estate of Michael Jackson, Mubadala Development Co. PJSC, Jynwel Capital Ltd., GSO Capital Partners LP and David Geffen from Citigroup Inc.; New York-based owner and administrator of copyrights by artists.

ENERGY TRANSFER EQUITY LP: Expected close week of March 19; $2.25 billion five-year senior secured term B (Ba2/BB-) talked at Libor plus 350 bps, 1% Libor floor, OID 981/2, 101 soft call; Credit Suisse, Wells Fargo, BNP Paribas, RBS and SunTrust; help fund acquisition of Southern Union Co.; Dallas-based energy-related services company.

ENNIS-FLINT: $405 million credit facility; Credit Suisse; $50 million five-year revolver talked at Libor plus 500 bps, 1.25% Libor floor, OID 981/2; $240 million six-year first-lien term B talked at Libor plus 500 bps, 1.25% Libor floor, OID 981/2, 101 soft call; $115 million 61/2-year second-lien term loan talked at Libor plus 900 bps, 1.25% Libor floor, OID 98, call protection 103, 102, 101; refinance existing debt in connection with the merger of Ennis Traffic Safety Solutions and Flint Trading Inc.; provider of pavement markings.

EVERYWARE: $225 million credit facility; Barclays leading term B, Wells Fargo leading revolver; $150 million 51/2-year term B (B3/B) talked at Libor plus 775 bps, 1.5% Libor floor, OID 98, call protection 102, 101; $75 million five-year ABL revolver; refinance existing debt and pay dividend in connection with the formation of the company through merger of Oneida Ltd. and Anchor Hocking Co.; tabletop brand, and manufacturer and marketer of foodservice and retail glassware.

EXPERT GLOBAL SOLUTIONS INC.: $795 million credit facility (Ba3/B); Barclays, Deutsche Bank, JPMorgan and RBS; $120 million revolver; $675 million term B talked at Libor plus 675 bps, 1.25% Libor floor, OID 98, 101 soft call; help fund merger of APAC Customer Services Inc. with NCO Group and refinance existing debt; provider of business process outsourcing and customer care services.

GETTY IMAGES INC.: $275 million term B-1 (Ba3/BB-) talked at Libor plus 375 bps, OID 991/2; Bank of America, GE Capital, BMO, RBC Capital and SunTrust; fund a dividend; Seattle-based creator and distributor of visual content and other media.

GREDE HOLDINGS LLC: $250 million term B (BB-) talked at Libor plus 500 bps to 550 bps, 1.5% Libor floor, OID 98 to 981/2, 101 soft call; GE Capital and Jefferies; refinance existing debt and fund a dividend; Southfield, Mich., iron casting supplier.

ISTAR FINANCIAL INC.: $880 million of senior secured term loans; Barclays, Bank of America, JPMorgan; $410 million first-out four-year term A-1 (B1/BB-) at Libor plus 400 bps, 1.25% Libor floor, OID 98, non-call one, 102; $470 million second-out five-year term A-2 (B2/BB-) at Libor plus 575 bps, 1.25% Libor floor, OID 981/2, non-call three, 104, par; refinance 2012 unsecured debt maturities; New York-based finance and investment company focused on the commercial real estate industry.

LATSHAW DRILLING & EXPLORATION: $100 million ABL revolver at Libor plus 275 bps; SunTrust; refinance existing debt and for general corporate purposes; Tulsa, Okla., driller of oil and natural gas wells.

LPL FINANCIAL LLC: $1.6 billion credit facility (Ba2); Bank of America, Goldman Sachs, Morgan Stanley and JPMorgan; $250 million five-year revolver talked at Libor plus 250 bps; $550 million five-year term A talked at Libor plus 250 bps; $800 million seven-year term B talked at Libor plus 300 bps, 1% Libor floor, OID 99 to 991/2, 101 soft call; refinance existing credit facility; broker-dealer, RIA custodian and consultant to retirement plans with offices in Boston, Charlotte, N.C., and San Diego.

MIRION TECHNOLOGIES: $225 million credit facility (B1/B); Credit Suisse and HSBC; $25 million five-year revolver talked at Libor plus 500 bps, 1.25% Libor floor; $200 million six-year term B talked at Libor plus 500 bps, 1.25% Libor floor, OID 98, 101 soft call; refinance existing debt; San Ramon, Calif., provider of mission critical products to detect, monitor and identify radiation.

MOMENTIVE PERFORMANCE MATERIALS INC.: $175 million senior secured term loan due May 5, 2015 talked at Libor plus 350 bps, OID 95 to 951/2; JPMorgan, BMO, Bank of America, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, Citigroup and UBS; repay term loan maturing Dec. 4, 2013; Columbus, Ohio, producer of thermoset resins.

MONITRONICS INTERNATIONAL INC.: Expected close March 23; $700 million credit facility (Ba3/B); Bank of America, Citigroup and Credit Suisse; $150 million five-year revolver; $550 million six-year term B at Libor plus 425 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance existing debt; Dallas-based alarm monitoring company.

NPC INTERNATIONAL INC.: $375 million term loan (Ba3/B) due Dec. 28, 2018 talked at Libor plus 400 bps to 425 bps, 1.25% floor, 101 soft call; Barclays and Goldman Sachs; refinance existing term loan; Overland Park, Kan., Pizza Hut franchisee.

OBERTHUR TECHNOLOGIES: $250 million term B talked at Libor plus 500 bps, 1.25% Libor floor, OID 97 to 971/2; RBC, Barclays and Lloyds; refinance debt that was used for the company's buyout by Advent International; France-based provider of security and identification services based on smart-card technologies.

PETROLOGISTICS: $470 million senior secured credit facility (B1/B); Morgan Stanley; $120 million 41/2-year revolver; $350 million five-year term B talked at Libor plus 575 bps, 1.25% Libor floor, OID 98, non-call one, 102, 101; refinance project debt and fund a payment to investors to return construction capital; Houston-based producer of propylene.

PINNACLE ENTERTAINMENT INC.: $325 million seven-year term B (Ba1/BB+/BB) at Libor plus 300 bps, 1% Libor floor, OID 99, 101 soft call; JPMorgan, Bank of America, Barclays, Credit Agricole, Deutsche Bank, UBS, Capital One and Wells Fargo; redeem notes, repay all revolver debt and for general corporate purposes; Las Vegas-based owner and operator of casinos.

PROMETRIC INC.: $175 million credit facility (Ba1/BBB); TD Securities; $10 million revolver; $165 million term loan; refinance existing debt; Baltimore-based provider of technology-based assessment solutions.

PROTECTION ONE INC.: $545 million credit facility (B1/B+); JPMorgan and Barclays; $25 million five-year revolver; $520 million seven-year term B at Libor plus 450 bps, 1.25% Libor floor, OID 981/2, 101 soft call; refinance existing credit facility and fund a distribution to shareholders; Romeoville, Ill., alarm and security services provider.

RESCARE INC.: $350 million five-year senior secured credit facility (Ba1/BB); Bank of America, JPMorgan and RBC; $175 million revolver talked at Libor plus 275 bps; $175 million term A talked at Libor plus 275 bps; refinance existing bank debt; Louisville, Ky., human services company.

ROVI CORP.: $800 million of term loans (Ba2/BB); JPMorgan, Morgan Stanley and Bank of America; $250 million incremental term A talked at Libor plus 225 bps to 250 bps; $550 million new term B talked at Libor plus 300 bps, 1% Libor floor, OID 99; refinance existing term B and provide balance sheet flexibility; Santa Clara, Calif.-based provider of digital entertainment services.

SAFENET INC.: $150 million incremental first-lien term loan B (B1/B+) due 2018 talked at Libor plus 450 bps, 1.25% Libor floor, OID 981/2, 101 soft call; JPMorgan and Deutsche Bank; fund a distribution to shareholders; Belcamp, Md., provider of information security software and encryption technology.

SEAWORLD PARKS & ENTERTAINMENT INC.: $500 million add-on term loan (Ba3/BB-) talked at Libor plus 300 bps, 1% Libor floor, OID 98¾ to 99; Bank of America, Barclays, Deutsche Bank, Goldman Sachs, JPMorgan and Macquarie; fund a dividend; Orlando, Fla., theme park operator.

SEMTECH CORP.: $350 million of five-year term loans (Ba2); Jefferies; $100 million term A at Libor plus 275 bps, step-down to Libor plus 250 bps at 1.5x gross leverage, OID 991/2; $250 million term B at Libor plus 325 bps, 1% Libor floor, OID 99; help fund acquisition of Gennum Corp.; Camarillo, Calif., supplier of analog and mixed-signal semiconductors.

SERENA SOFTWARE INC.: $117 million senior secured term loan (B+) due March 2016 talked at Libor plus 400 bps, 1% Libor floor, OID 981/2, 101 soft call; Barclays; repay non-extended term loan debt; Redwood City, Calif., Application Lifecycle Management vendor.

SLEEPY'S INTERMEDIATE LLC: $170 million seven-year first-lien term loan (B2/B-) at Libor plus 600 bps, 1.25% Libor floor, OID 98, 101 soft call; Credit Suisse; refinance existing debt and pay a dividend; specialty mattress retailer.

SONNEBORN LLC: Expected close March 30; $270 million credit facility (B1/B); Macquarie and BMO; $30 million five-year revolver; $240 million six-year term B talked at Libor plus 550 bps area, 1.5% Libor floor, OID 98; fund buyout by One Equity Partners from Sun Capital Partners Inc.; Parsippany, N.J., manufacturer and supplier of high-purity specialty hydrocarbons.

TELESAT CANADA: $2.55 billion senior credit facility (Ba3/BB-); JPMorgan, Credit Suisse, Morgan Stanley and UBS on term B, JPMorgan and CIBC on revolver and term A; $150 million five-year revolver talked at Libor plus 300 bps; $500 million five-year Canadian equivalent term A talked at BA plus 300 bps; $1.9 billion seven-year term B talked at Libor plus 350 bps, 1.25% Libor floor, OID 99; refinance an existing credit facility, fund a distribution to shareholders and general corporate purposes; Ottawa, Ont., fixed satellite services operator.

TENNECO INC.: $950 million credit facility (Baa3/BBB-/BBB-); JPMorgan; $700 million revolver talked at Libor plus 250 bps; $250 million term A talked at Libor plus 250 bps; refinance existing debt; Lake Forest, Ill., designer, manufacturer and seller of emission control and ride control products and systems for light, commercial and specialty vehicle applications.

TOWERCO FINANCE LLC: $397 million term B talked at Libor plus 350 bps, 1% Libor floor, 101 soft call; Morgan Stanley, TD Securities and Fifth Third Securities; reprice existing term B; Cary, N.C., owner and leaser of communication towers.

TUBE CITY IMS CORP.: $300 million seven-year senior secured term B (B1/B+) at Libor plus 450 bps, 1.25% Libor floor, OID 99, 101 soft call; JPMorgan, Credit Suisse, Bank of America and Wells Fargo; refinance existing term B and senior subordinated notes; Glassport, Pa., provider of outsourced industrial services to steel mills.

TROPICANA ENTERTAINMENT INC.: $175 million six-year first-lien term B (B2/BB+) at Libor plus 600 bps, 1.5% Libor floor, OID 98, 101 soft call; UBS; refinance existing debt and add cash to balance sheet; Las Vegas-based owner and operator of casino gaming properties.

UNITED SURGICAL PARTNERS INTERNATIONAL INC.: $455 million credit facility (B1/B); JPMorgan and Barclays; $125 million five-year revolver; $330 million incremental first-lien term B due 2019 talked at Libor plus 450 bps to 475 bps, 1.25% Libor floor, OID 981/2, 101 soft call; help repay senior subordinated notes and fund a special dividend; Dallas-based owner and operator of ambulatory surgery centers and surgical hospitals.

UTEX INDUSTRIES INC.: $97 million add-on term loan talked at Libor plus 550 bps, 1.5% Libor floor, OID 99; Societe Generale, GE Capital and ING; fund a dividend; Houston-based designer and manufacturer of sealing products.

VANTIV LLC: Up to $1.6 billion credit facility (Ba2); JPMorgan, Morgan Stanley, Credit Suisse and Fifth Third; $250 million five-year revolver at Libor plus 225 bps, 50 bps unused fee; $1 billion five-year term A at Libor plus 225 bps; up to $350 million seven-year term B at Libor plus 275 bps, 1% Libor floor, OID 991/2, 101 soft call; refinance existing debt; Cincinnati-based integrated payment processor serving merchants and financial institutions.

WCA WASTE CORP.: $375 million credit facility (B1/B+); Credit Suisse and Macquarie; $100 million five-year revolver at Libor plus 425 bps, 1.25% Libor floor, OID 981/2; $275 million six-year term loan at Libor plus 425 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance debt in connection with buyout by Macquarie Infrastructure Partners II; Houston-based non-hazardous solid-waste services company.

YANKEE CANDLE CO. INC.: $900 million senior secured credit facility; Bank of America and Barclays; $725 million seven-year term B (B1/B+) at Libor plus 400 bps, 1.25% Libor floor, OID 99, 101 soft call; $175 million five-year asset-based revolver; refinance existing credit facility and redeem senior notes; South Deerfield, Mass., designer, manufacturer, wholesaler and retailer of scented candles.

On The Horizon

ANGIODYNAMICS: $200 million five-year credit facility; JPMorgan; Bank of America, KeyBanc; $150 million term loan expected at Libor plus 250 bps; $50 million revolver; help fund acquisition of Navilyst Medical from Avista Capital Partners; Latham, N.Y., provider of medical devices.

EP ENERGY CORP.: $2 billion reserve-based revolver; JPMorgan, Citigroup, Credit Suisse, Deutsche Bank, BMO, RBC, UBS and Nomura; help fund buyout by Apollo Global Management LLC, Riverstone Holdings LLC, Access Industries Inc. and other investors from El Paso Corp.; Houston-based oil and natural gas exploration and production company.

KAYDON CORP.: New credit facility; revolver; term loan; help fund special cash dividend to shareholders; Ann Arbor, Mich.-based designer and manufacturer of custom engineered, performance-critical products, supplying alternative energy, military, industrial, aerospace, medical and electronic equipment and aftermarket customers.

NEW ENTERPRISE STONE & LIME CO. INC.: $170 million asset-based revolver; refinance existing debt; New Enterprise, Pa., construction materials supplier and heavy/highway construction contractor.

PEP BOYS - MANNY, MOE & JACK: $875 million credit facility; Credit Suisse (left on term loans), Barclays and Wells Fargo (left on revolver); $325 million asset-based revolver; $425 million first-lien term loan; $125 million second-lien term loan; help fund buyout by Gores Group; Philadelphia-based automotive aftermarket chain.

PLATO LEARNING: New debt financing; Credit Suisse and Jefferies; help fund acquisition of Archipelago Learning; Bloomington, Minn., provider of education technology services.

QUEST SOFTWARE INC.: New debt financing; JPMorgan, RBC and Barclays; help fund buyout by Insight Venture Partners; Aliso Viejo, Calif., provider of IT management solutions.

QUICKSILVER PRODUCTION PARTNERS LP: New revolver; in connection with initial public offering of common units; help pay a contribution to Quicksilver; Fort Worth, Texas, owner and acquirer of oil and gas properties.

STANDARD PARKING CORP.: $450 million five-year senior secured credit facility; Bank of America, Wells Fargo and JPMorgan; $200 million revolver expected at Libor plus 325 bps, 40 bps unused fee; $250 million term loan expected at Libor plus 325 bps; in connection with merger with Central Parking Corp. to refinance debt; Chicago-based provider of parking facility management, ground transportation and other ancillary services.

VENOCO INC.: New bank borrowings; help fund buyout by Timothy M. Marquez, chairman and chief executive officer; Denver-based energy company.

VERSO PAPER CORP.: $200 million five-year revolvers; $150 million asset-based revolver (BB-); $50 million first-priority revolver (Ba2/BB-) at Libor plus 450 bps; refinance an existing revolver; Memphis, Tenn., producer of coated papers and specialty products.

VOXX INTERNATIONAL CORP.: New credit facility; Wells Fargo; revolver; term loan; help fund acquisition of Car Communication Holding GmbH; Hauppauge, N.Y., automotive and consumer electronics and accessories company.

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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