E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/2/2012 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $30.145 billion deals being marketed

April Bank Meetings

FREEDOM GROUP INC.: Bank meeting April 3; $330 million seven-year covenant-light term B; Bank of America, Deutsche Bank and RBC; repurchase notes; Madison, N.C., designer, manufacturer and marketers of firearms, ammunition and related products.

NORTH AMERICAN BANCARD: Bank meeting April 4; $160 million credit facility; Credit Suisse and Goldman Sachs; $10 million five-year revolver talked at Libor plus 550 bps, 1.5% Libor floor, OID 98; $150 million six-year term loan talked at Libor plus 550 bps, 1.5% Libor floor, OID 98, 101 soft call; repay existing debt and fund a dividend; Troy, Mich., merchant acquirer for payment processing.

PEP BOYS - MANNY, MOE & JACK: Bank meeting expected around mid-April; $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.

SBA COMMUNICATIONS CORP.: Bank meeting April 4; $200 million term A; TD Securities, Wells Fargo, Citigroup and RBS Securities; general corporate purposes, including revolver paydown; Boca Raton, Fla., provider, owner and operator of wireless communications infrastructure.

TRIDENTUSA HEALTH SERVICES: Bank meeting April 3; $325 million credit facility; Credit Suisse, GE Capital and Madison Capital; $50 million four-year revolver talked at Libor plus 525 bps, 1.25% Libor floor, OID 981/2; $175 million five-year first-lien term loan talked at Libor plus 525 bps, 1.25% Libor floor, OID 981/2, 101 soft call; $100 million 51/2-year second-lien term loan talked at Libor plus 900 bps, 1.25% Libor floor, OID 97, non-call one, 103, 102, 101; refinance debt and pay a dividend; Burbank, Calif., provider of bedside diagnostics services.

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.

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.

ALON USA ENERGY INC.: $700 million six-year secured term B (B2/B+) talked at Libor plus 525 bps, 1.25% Libor floor, OID 98, 101 soft call; Goldman Sachs; repay existing term loan and retire senior secured notes; Dallas-based refiner and marketer of petroleum products.

AMN HEALTHCARE INC.: $250 million credit facility (Ba2/BB-); SunTrust and GE Capital; $50 million five-year revolver; $200 million six-year term B at Libor plus 475 bps, step-down to Libor plus 450 bps at less than 3x leverage, 1.25% Libor floor, OID 99, 101 soft call; refinance existing debt; San Diego-based health care staffing and workforce services company.

APTALIS PHARMA INC.: $200 million five-year senior secured incremental term B (B2) talked at Libor plus 400 bps, 1.5% Libor floor, OID 98; Bank of America, Barclays and RBC; prepay notes; Bridgewater, N.J., specialty pharmaceutical company.

ASCEND PERFORMANCE MATERIALS LLC: $875 million credit facility; Bank of America, Jefferies, Morgan Stanley and Wells Fargo; $550 million six-year term B talked at Libor plus 550 bps to 575 bps, 1.25% Libor floor, OID 98, non-callable one, 101; $325 million three-year ABL revolver; refinance existing debt and fund dividend; Houston-based producer of nylon chemicals.

ATLANTIC BROADBAND FINANCE LLC: $1.06 billion senior secured credit facility; Credit Suisse; $50 million five-year revolver (Ba3/B+) at Libor plus 400 bps, 1.25% Libor floor, OID 99; $660 million seven-year first-lien term B (Ba3/B+) at Libor plus 400 bps, 1.25% Libor floor, OID 991/2, 101 soft call; $350 million 71/2-year second-lien term loan (Caa1/B-) at Libor plus 850 bps, 1.25% floor, OID 991/4, non-call one, 103, 102, 101; refinance existing bank and bond debt and pay a dividend; Quincy, Mass., cable provider.

AVETA INC.: $575 million five-year credit facility (B1/B+); Bank of America, Citigroup and Jefferies; $50 million revolver at Libor plus 650 bps, 2% Libor floor, OID 97; $525 million term B at Libor plus 650 bps, 2% Libor floor, OID 97, soft call 102, 101; refinance existing debt and fund a dividend; Fort Lee, N.J., medical management company.

BASS PRO SHOPS: $200 million add-on term loan (B1/BB-) talked at Libor plus 400 bps, 1.25% Libor floor, OID 99, 101 soft call; Bank of America and JPMorgan; dividend and general corporate purposes; Springfield, Mo., outdoor retailer.

BEACON ROOFING SUPPLY INC.: $550 million five-year credit facility; Wells Fargo, JPMorgan, Bank of America, Union Bank and GE Capital; $325 million revolver at Libor plus 175 bps, 37.5 bps unused fee; $225 million term A 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: $180 million five-year credit facility (BB-); Credit Suisse and Macquarie; $10 million revolver at Libor plus 675 bps, step-down to Libor plus 625 bps at 3.0x first-lien leverage, OID 97; $170 million first-lien term loan at Libor plus 675 bps, step-down to Libor plus 625 bps at 3.0x first-lien leverage, 1.25% Libor floor, OID 97, 101 soft call; refinance existing debt; Indianapolis-based casino operator.

CHARTER COMMUNICATIONS OPERATING LLC: $1.85 billion credit facility (Ba1/BB+/BB+); Bank of America, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan and UBS; $1.1 billion five-year revolver; $750 million seven-year term D talked at Libor plus 300 bps, 1% Libor floor, OID 99 area; refinance existing term loans; St. Louis-based cable operator and broadband communications company.

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-) at Libor plus 500 bps, 1.25% Libor floor, OID 98, 101 soft call; refinance existing debt; Coppell, Texas, retailer of organization and storage products.

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.

ENDURANCE INTERNATIONAL GROUP: $535 million six-year term B talked at Libor plus 625 bps, 1.5% Libor floor, OID 99, 101 soft call; Credit Suisse; take out preferred notes, refinance existing term B and to add cash to the balance sheet; Burlington, Mass., provider of web hosting and online services to small- and medium-sized businesses.

EP ENERGY CORP.: $2.5 billion credit facility; JPMorgan, Citigroup, Credit Suisse, Deutsche Bank, BMO, RBC, UBS and Nomura; $2 billion reserve-based revolver with grid ranging from Libor plus 150 bps to 250 bps based on utilization; $500 million covenant-light term loan due 2018 talked in 7% area; 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.

EXPERT GLOBAL SOLUTIONS INC.: Expected close April 3; $795 million credit facility (Ba3/B); Barclays, Deutsche Bank, JPMorgan and RBS; $120 million five-year revolver; $675 million six-year term B at Libor plus 675 bps, 1.25% Libor floor, OID 98, non-call one, 102; help fund merger of APAC Customer Services Inc. with NCO Group and refinance existing debt; provider of business process outsourcing and customer care services.

GOODYEAR TIRE & RUBBER CO.: $1.2 billion senior secured second-lien term loan (Ba1/BB) talked at Libor plus 325 bps, 1% Libor floor, OID 99, 101 soft call; JPMorgan, Deutsche Bank, BNP Paribas, Citigroup, Credit Agricole, Goldman Sachs and Wells Fargo; refinance existing second-lien term loan; Akron, Ohio, tire company.

GREDE HOLDINGS LLC: $200 million term B at Libor plus 550 bps, 1.5% Libor floor, OID 98, 101 soft call; GE Capital and Jefferies; refinance existing debt and fund a dividend; Southfield, Mich., iron casting supplier.

HANDY & HARMAN LTD.: $200 million term B (B3/B) talked at Libor plus 550 bps, 1.25% Libor floor, OID 99, 101 soft call; Wells Fargo and Bank of America; refinance existing debt; White Plains, N.Y., industrial company involved in precious metals, tubing and engineered materials.

HD SUPPLY INC.: Roughly $2.5 billion credit facility; Bank of America, Goldman Sachs, Barclays, JPMorgan, Credit Suisse, Deutsche Bank, Wells Fargo and UBS on term B, GE Capital and Wells Fargo leading ABL revolver (BB-); roughly $1 billion 51/2-year term B (B2/B+) talked at Libor plus 550 bps, 1.25% Libor floor, OID 971/2, non-call one, 102, 101; $1.5 billion ABL revolver talked at Libor plus 200 bps; refinance existing debt; Atlanta-based wholesale distributor for the infrastructure & energy, maintenance, repair & improvement and specialty construction sectors.

HELP/SYSTEMS INC.: $200 million five-year credit facility; GE Capital and NXT; $25 million revolver talked at Libor plus 550 bps, 1.25% Libor floor, OID 981/2; $175 million term loan talked at Libor plus 550 bps, 1.25% Libor floor, OID 981/2; help fund buyout by Summit Partners; Eden Prairie, Minn., provider of automated operations and business intelligence software for the IBM System i market.

INTERNATIONAL LEASE FINANCE CORP.: $550 million senior secured term loan (NA/NA/BB) talked at Libor plus 375 bps, 1% Libor floor, OID 991/2; Bank of America, Citigroup and Goldman Sachs; refinance an existing term loan; Los Angeles-based independent aircraft lessor.

KEY SAFETY SYSTEMS INC.: $75 million add-on term B due March 2014 talked at Libor plus 225 bps, OID 96 area; UBS and Citigroup; refinance revolver debt and provide additional liquidity; Sterling Heights, Mich., supplier of automotive safety components and systems.

LANDRY'S INC.: $1.4 billion credit facility; Jefferies; $250 million five-year revolver talked at Libor plus 400 bps; $200 million five-year term A talked at Libor plus 400 bps; $950 million six-year term B talked at Libor plus 475 bps, 1.25% Libor floor, OID 981/2, 101 soft call; refinance existing debt; Houston-based full-service restaurant, hospitality and entertainment company.

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.

LAWSON SOFTWARE INC.: $3.65 billion senior secured credit facility (Ba3/B+); Bank of America, Credit Suisse, JPMorgan, Morgan Stanley, Barclays, Deutsche Bank, RBC and KKR; $150 million five-year revolver; $2.77 billion six-year term B at Libor plus 500 bps, step-down to Libor plus 475 bps at less than 5.5x net leverage, 1.25% Libor floor, OID 99, 101 soft call; €250 million six-year term B at Euribor plus 550 bps, step-down to Euribor plus 525 bps at less than 5.5x net leverage, 1.25% floor, OID 99, 101 soft call; $400 million 41/2-year term B-1 at Libor plus 450 bps, step-down to Libor plus 425 bps at less than 5.5x net leverage, 1.25% Libor floor, OID 991/2, 101 soft call; refinance debt with merger with Infor Global Solutions Holdings Ltd.; St. Paul, Minn.-based provider of enterprise software.

PHYSIOTHERAPY ASSOCIATES: $125 million credit facility (Ba2/BB-); Jefferies, GE Capital and RBC; $25 million five-year revolver talked at Libor plus 500 bps, 1.5% Libor floor, OID 98; $100 million six-year term B talked at Libor plus 500 bps, 1.5% Libor floor, OID 98; help fund buyout by Court Square Capital Partners; Exton, Pa., provider of outpatient rehabilitation services.

PINNACLE FOODS FINANCE LLC: $550 million credit facility (Ba3/B+); Barclays, Bank of America, JPMorgan and Macquarie; $150 million five-year revolver talked at Libor plus 350 bps; $400 million term E at Libor plus 350 bps, 1.25% Libor floor, OID 99, 101 soft call; repay term D and redeem 10 5/8% notes; Mountain Lakes, N.J., manufacturer and distributor of branded packaged foods.

PLATO LEARNING: $390 million credit facility; Credit Suisse and Jefferies; $25 million five-year revolver talked at Libor plus 450 bps to 475 bps, 1.25% Libor floor, OID 981/2; $240 million six-year first-lien term loan talked at Libor plus 450 bps to 475 bps, 1.25% Libor floor, OID 981/2, 101 soft call; $125 million seven-year second-lien term loan talked at Libor plus 875 bps to 900 bps, 1.25% Libor floor, OID 98, call protection 103, 102, 101; help fund acquisition of Archipelago Learning; Bloomington, Minn., provider of education technology services.

PQ CORP.: $200 million add-on first-lien term loan (B3/B+) talked at Libor plus 375 bps, OID 98; Credit Suisse; pay down revolver debt; Malvern, Pa., producer of specialty chemicals and catalysts.

PREFERRED SANDS LLC: $125 million add-on term B (B2/B+) due Dec. 15, 2016 talked at Libor plus 600 bps, 1.5% Libor floor, OID 98, 101 soft call through Dec. 15, 2012; Barclays; acquire some class A minority investor interests, fund a distribution to remaining investors and general corporate purposes; Radnor, Pa., provider of silica sand products.

PRESS GANEY ASSOCIATES INC.: $445 million credit facility; Barclays, Goldman Sachs and GE Capital; $20 million revolver talked at Libor plus 400 bps; $335 million first-lien term B talked at Libor plus 400 bps, 1.25% Libor floor, OID 99, 101 soft call; $90 million second-lien term loan talked at Libor plus 700 bps, 1.25% Libor floor, OID 99, call protection 102, 101; refinance existing debt; South Bend, Ind., provider of health care performance improvement services.

PROMETRIC INC.: $175 million credit facility (Ba1/BBB); TD Securities; $10 million revolver talked at Libor plus 200 bps; $165 million term loan talked at Libor plus 200 bps; refinance existing debt; Baltimore-based provider of technology-based assessment solutions.

PROQUEST LLC: Up to $190 million credit facility (Ba3/B+); Morgan Stanley and Bank of America; up to $40 million five-year revolver; up to $150 million six-year term B talked at Libor plus 450 bps to 475 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance existing first-lien credit facility and general corporate purposes; Ann Arbor, Mich., electronic publisher and microfilm publisher.

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.

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.

SKILLED HEALTHCARE GROUP INC.: $100 million add-on senior secured term loan B (B1) due April 9, 2016 talked at Libor plus 525 bps to 550 bps, 1.5% Libor floor, OID 98, 101 soft call; JPMorgan and Credit Suisse; refinance subordinated notes; Foothill Ranch, Calif., operator of skilled nursing facilities, assisted living facilities, rehabilitation therapy and hospice businesses and home health care.

SLS LAS VEGAS (STOCKBRIDGE/SBE HOLDINGS LLC): $300 million five-year term B talked at Libor plus 850 bps, 2% Libor floor, OID 98, non-call two, 102, 101; JPMorgan; fund the renovation of the SLS Las Vegas; Las Vegas-based hotel and casino operator.

SPIRIT AEROSYSTEMS INC.: $1.2 billion credit facility (Ba1); Bank of America, Scotia Capital, Citigroup, RBC, RBS and Morgan Stanley; $650 million five-year revolver talked with leverage-based grid ranging from Libor plus 175 bps to 250 bps; $550 million seven-year term B talked at Libor plus 300 bps, 0.75% Libor floor, OID 99 to 991/2,; refinance existing revolver and term loans; Wichita, Kan., non-OEM designer and manufacturer of aerostructures for commercial aircraft.

SPROUTS FARMERS MARKET: $100 million add-on term loan (B2/B+) talked at Libor plus 475 bps, 1.25% Libor floor, OID 981/2; Jefferies, Apollo Global Securities and Natixis; help fund acquisition of Sunflower Farmers Market; Phoenix-based grocer that operates in the farmers' market specialty segment of the retail food industry.

THERMASYS CORP.: $123 million of add-on loans; GE Capital; $15 million add-on revolver talked at Libor plus 450 bps to 500 bps, 1% Libor floor, OID 99; $108 million add-on term B talked at Libor plus 450 bps to 500 bps, 1% Libor floor, OID 99; fund an acquisition; Montgomery, Ala., supplier of highly engineered copper/brass and aluminum heat exchanger components and assemblies.

TOYS 'R' US INC.: $225 million covenant-light incremental term B-3 (B1/B+/B-) due May 25, 2018 at Libor plus 375 bps, 1.5% Libor floor, OID 98, 101 soft call; Bank of America, JPMorgan, Goldman Sachs, Wells Fargo, Credit Suisse, Citigroup and Deutsche Bank; general corporate purposes, including the repayment of debt; Wayne, N.J., toy retailer.

UNITED SURGICAL PARTNERS INTERNATIONAL INC.: $490 million credit facility (B1/B); JPMorgan and Barclays; $125 million five-year revolver; $365 million incremental first-lien term B due 2019 at Libor plus 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.

VEYANCE TECHNOLOGIES INC.: $125 million credit facility; Barclays; $50 million incremental first-lien term loan due July 31, 2014 talked at Libor plus 400 bps to 425 bps, 1.25% Libor floor, OID 991/2, 101 soft call; $75 million revolver; repay revolver borrowings; Akron, Ohio, manufacturer and seller of industrial power transmission products, heavy-duty and lightweight conveyor belts, hydraulics, rubber track, and automotive and heavy-duty truck belts, hose, tensioners and air springs.

WIL RESEARCH CO. INC.: $140 million credit facility; GE Capital; $20 million five-year revolver talked at Libor plus 525 bps to 550 bps, 1.5% Libor floor, OID 99; $120 million six-year term loan talked at Libor plus 525 bps to 550 bps, 1.5% Libor floor, OID 981/2; refinance existing debt; Ashland, Ohio, provider of product safety toxicological research, bioanalytical, and formulation services, as well as manufacturing support for clinical trials.

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.

BAUSCH & LOMB: $350 million incremental term loan; Citigroup, JPMorgan, Credit Suisse, Goldman Sachs and Bank of America; help fund acquisition of ISTA Pharmaceuticals Inc.; Rochester, N.Y., eye health company.

HECKMANN CORP.: $150 million five-year revolver at Libor plus 275 bps to 400 bps based on leverage; Wells Fargo and Regions Capital; refinance an existing credit facility, and for ongoing working capital and general corporate purposes; Coraopolis, Pa., provider of water solutions for the oil and gas exploration and production industry, and a provider of environmental services and waste recycling solutions.

MILACRON LLC: New debt financing; Bank of America, RBC, Barclays and Keybanc; help fund buyout by CCMP from Avenue Capital Group; Cincinnati-based manufacturer and supplier of plastics-processing technologies and metalworking fluids.

MISYS PLC: $1.775 billion credit facility; Credit Suisse (left lead on first-lien), Bank of America (left lead on unsecured) and Jefferies; $100 million five-year revolver expected at Libor plus 425 bps, step down to Libor plus 400 bps at less than 5x leverage, 50 bps unused fee; $1.06 billion seven-year term loan, split into U.S. piece expected at Libor plus 450 bps, step down to Libor plus 425 bps at less than 5x leverage, 1.25% Libor floor, 101 soft call and a euro piece expected at Euribor plus 500 bps, step down to Euribor plus 475 bps at less than 5x leverage, 1.25% floor, 101 soft call; $615 million 71/2-year unsecured term loan expected at 9%, non-call three, 1063/4, 1041/2, 1021/4; help fund buyout by Vista Equity Partners; London-based application software and services provider servicing the financial services industry.

ON ASSIGNMENT INC.: $540 million senior secured credit facility; Wells Fargo, Bank of America and Deutsche Bank; $50 million revolver; $490 million term loan; help fund purchase of Apex Systems Inc. and refinance debt; Calabasas, Calif., provider of professionals in the technology, health care and life sciences sectors.

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

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.

W.R. GRACE & CO.: Exit facility, including a $200 million revolver; Goldman Sachs and Deutsche Bank; Columbia, Md., specialty chemicals company.

ZAYO GROUP LLC: New debt financing; Morgan Stanley and Barclays; help fund acquisition of AboveNet Inc. and refinance some debt; Louisville, Colo., provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.