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 6/4/2012 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $33.3056 billion deals being marketed

June Bank Meetings

FRESENIUS SE & CO. KGAA: Bank meeting June 5 for U.S. pro rata; roughly €3.1 billion credit facility; Deutsche Bank, JPMorgan, Societe Generale, Credit Suisse and UniCredit; $200 million five-year revolver talked at Libor plus 225 bps; €650 million five-year revolver talked at Euribor plus 225 bps; €700 million five-year term A talked at Euribor plus 225 bps; $200 million five-year term A talked at Libor plus 225 bps; €500 seven-year million term B; $1.2 billion seven-year term B; help fund public takeover offer being made to Rhon-Klinikum AG shareholders and refinance existing debt; Bad Homburg, Germany-based provider of dialysis services and products.

HENRY CO.: Bank meeting June 6; $150 million credit facility; GE Capital; $20 million revolver talked at Libor plus 525 bps, 1.25% Libor floor, OID 981/2; $130 million term loan talked at Libor plus 525 bps, 1.25% Libor floor, OID 981/2; help fund buyout by Graham Partners; El Segundo, Calif., provider of roof coatings, cements, roofing systems, driveway maintenance products and sealants.

NCI BUILDING SYSTEMS INC.: Bank meeting June 6; $250 million seven-year covenant-light term loan expected at Libor plus 550 bps, 1.25% Libor floor; Credit Suisse, RBC, UBS and Citigroup; help fund acquisition of Metl-Span LLC and refinance existing bank debt; Houston-based manufacturer of metal products for the nonresidential building industry.

WAUPACA FOUNDRY INC.: Bank meeting June 5; $485 million credit facility; GE Capital, RBC and Wells Fargo; $225 million ABL revolver; $260 million term loan talked at Libor plus 550 bps, 1.25% Libor floor, OID 981/2, 101 soft call; help fund buyout of ThyssenKrupp Waupaca Inc. by KPS Capital Partners LP from ThyssenKrupp Budd Co.; Waupaca, Wis., producer of gray and ductile iron castings.

WOLVERINE WORLDWIDE: Bank meeting June 6; $1.1 billion senior secured credit facility (Ba2/BB); JPMorgan and Wells Fargo; $200 million revolver; $400 million term A; $500 million term B; help fund buyout of Collective Brands Inc.'s Performance + Lifestyle Group; Rockford, Mich., marketer of branded casual, active lifestyle, work, outdoor sport and uniform footwear and apparel.

ZAYO GROUP LLC: Bank meeting June 6; $1.75 billion senior secured credit facility; Morgan Stanley, Barclays and RBC on term loan, SunTrust, Morgan Stanley, Barclays, UBS, RBC and Goldman Sachs on revolver; $250 million revolver; $1.5 billion term loan; 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.

Upcoming Closings

ALIXPARTNERS LLP: $890 million credit facility; Deutsche Bank, Bank of America, Goldman Sachs, Jefferies and UBS; $75 million five-year revolver (Ba3/B+); $100 million five-year first-lien term B-1 (Ba3/B+) at Libor plus 425 bps, 1.25% Libor floor, OID 99, 101 soft call; $505 million seven-year first-lien term B-2 (Ba3/B+) at Libor plus 525 bps, 1.25% Libor floor, OID 981/2, 101 soft call; $210 million 71/2-year second-lien term loan (B3/B-) at Libor plus 950 bps, 1.25% Libor floor, OID 97, non-call one, 102, 101; help fund buyout by CVC Capital Partners from Hellman & Friedman; performance improvement, corporate turnaround and financial advisory services firm.

AMWINS GROUP INC.: $720 million credit facility; Credit Suisse, Goldman Sachs, Macquarie and Wells Fargo; $75 million five-year revolver; $345 million seven-year first-lien term loan at Libor plus 450 bps, 1.25% Libor floor, OID 99, 101 soft call; $300 million 71/2-year second-lien term loan at Libor plus 800 bps, 1.25% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by New Mountain Capital from Parthenon Capital Partners; Charlotte, N.C., specialty insurance broker.

ASCENA RETAIL GROUP INC.: $300 million six-year term B (Ba2/BB+) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99, 101 soft call; JPMorgan and Bank of America; help fund acquisition of Charming Shoppes Inc.; Suffern, N.Y., specialty retailer of apparel for women and tween girls.

BAUSCH & LOMB: Roughly $3.43 billion credit facility (B1/B+); Citigroup, JPMorgan, Credit Suisse, Goldman Sachs and Bank of America; $500 million five-year revolver; $1.935 billion seven-year covenant-light term B at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call; €460 million seven-year covenant-light term B at Euribor plus 475 bps, 1% floor, OID 99, 101 soft call; $400 million three-year covenant-light delayed-draw term loan at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call; help fund acquisition of ISTA Pharmaceuticals Inc. and refinance debt; Rochester, N.Y., eye health company.

BEASLEY BROADCAST GROUP INC.: $140 million credit facility; GE Capital; $20 million five-year revolver talked at Libor plus 500 bps, 1.25% Libor floor, OID 99; $120 million six-year term B talked at Libor plus 500 bps, 1.25% Libor floor, OID 99; refinance existing debt; Naples, Fla., radio broadcasting company.

CAMP INTERNATIONAL HOLDING CO.: $375 million credit facility; Deutsche Bank, Credit Suisse, RBC and UBS; $30 million five-year revolver (B1/B); $230 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 525 bps, step-down to Libor plus 500 bps at less than 4x first-lien net leverage, 1.25% Libor floor, OID 99, 101 soft call; $115 million 71/2-year covenant-light second-lien term loan (Caa2/CCC+) at Libor plus 875 bps, 1.25% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by GTCR from Warburg Pincus; Ronkonkoma, N.Y., provider of maintenance tracking for business aviation.

CENVEO INC.: $65 million add-on term loan talked at Libor plus 512.5 bps, 1.5% Libor floor, OID 99, 101 soft call for six months; Bank of America; refinance some notes; Stamford, Conn., manager and distributor of print and related products and services.

CHENIERE ENERGY PARTNERS LP: $2 billion senior secured term loans; Credit Suisse, SG Americas, Bank of Tokyo-Mitsubishi, Credit Agricole, HSBC, JPMorgan, Morgan Stanley and RBC; $750 million 61/2-year term loan at Cheniere Partners talked at Libor plus 550 bps, 1.25% Libor floor, OID 95, non-call two, 102, 101; $1.25 billion seven-year term loan at Sabine Pass Liquefaction LLC talked at Libor plus 425 bps, 1.25% Libor floor, OID 95, non-call two, 102, 101; fund the acquisition of the Creole Trail Pipeline, pay for pipeline improvement and modification costs, and fund the costs of developing, constructing and placing into service the first two liquefaction trains of the Sabine Pass LNG liquefaction project; Houston-based energy company.

CLEARWATER SEAFOODS INC.: C$275 million credit facility; GE Capital and BMO; C$65 million asset-based revolver; C$75 million term A (B1); C$135 million term B (B1) talked at Libor plus 500 bps, 1.25% Libor floor, OID 99; refinance existing debt; Bedford, Nova Scotia, seafood company and holder of shellfish licenses and quotas.

CONVERGEONE: $175 million credit facility; Madison Capital; $20 million revolver talked at Libor plus 700 bps, 1.5% Libor floor, OID 981/2; $155 million term loan talked at Libor plus 700 bps, 1.5% Libor floor, OID 981/2; refinance existing debt and fund a dividend; Eagan, Minn., designer, implementer and manager of data and communications systems.

DATA DEVICE CORP.: $410 million credit facility; Credit Suisse; $30 million five-year revolver at Libor plus 600 bps, 1.5% Libor floor, OID 98; $300 million six-year first-lien delayed-draw term loan at Libor plus 600 bps, 1.5% Libor floor, OID 98, 101 soft call; $80 million seven-year second-lien delayed-draw term loan at Libor plus 1,000 bps, 1.5% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Behrman Capital PEP; Bohemia, N.Y., supplier of defense electronics components.

ELO TOUCH SOLUTIONS: $285 million credit facility; Credit Suisse and Goldman Sachs; $15 million five-year revolver (B1/B+) talked at Libor plus 650 bps, 1.25% Libor floor, OID 97; $180 million six-year first-lien term loan (B1/B+) talked at Libor plus 650 bps, 1.25% Libor floor, OID 97, 101 soft call; $90 million 61/2-year second-lien term loan (Caa1/CCC+) talked at Libor plus 1,025 bps, 1.25% Libor floor, OID 97, non-call one, 103, 101; help fund already completed buyout Gores Group from TE Connectivity; Menlo Park, Calif., supplier of touch screens, touch monitors and all-in-one touch computers.

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.

EQUIPOWER RESOURCES HOLDINGS LLC: $975 million credit facility; Barclays, Deutsche Bank, Goldman Sachs and Morgan Stanley; $90 million revolver (Ba3/BB) talked at Libor plus 475 bps to 500 bps; $685 million first-lien term loan (Ba3/BB) talked at Libor plus 475 bps to 500 bps, 1.5% Libor floor, OID 981/2, 101 soft call; $200 million second-lien term loan (B2/BB) talked at Libor plus 850 bps to 875 bps, 1.5% Libor floor, OID 98, call protection 103, 102, 101; refinance existing debt, pay deferred costs associated with hedge restructuring, fund debt service reserve and pay a dividend; Hartford, Conn., competitive power generation company.

ESSELTE: $200 million term loan (B2/B+) talked at Libor plus 600 bps to 650 bps, 1.25% Libor floor, OID 981/2, 101 soft call; Jefferies and Citigroup; refinance existing debt and fund a dividend; Stamford, Conn., office supplies manufacturer.

EVO PAYMENTS INTERNATIONAL: Expected close May 21 week; $225 million five-year credit facility; SunTrust and Fifth Third; $145 million revolver at Libor plus 250 bps; $80 million term A at Libor plus 250 bps; refinance existing debt; Melville, N.Y., credit card processor.

FERRARA CANDY CO. INC.: $550 million credit facility; Morgan Stanley and Goldman Sachs; $125 million asset-based revolver; $425 million term loan (B2/B) talked at Libor plus 525 bps to 550 bps, 1.25% Libor floor, OID 98 to 99; help fund merger of Farley's & Sathers Candy Co. Inc. and Ferrara Pan Candy Co. Inc.; general line candy manufacturer.

FORMULA ONE: $1.8 billion credit facility; Goldman Sachs, RBS, Morgan Stanley and UBS; $50 million five-year revolver; $450 million five-year term A; $1.3 billion six-year term B at Libor plus 350 bps, 100 bps ticking fee per year, 1% Libor floor, OID 98, 101 soft call; refinance existing debt; contingent on IPO; organizer of the Formula One World Championship (F1) and owner of the commercial rights to F1 motorsports racing.

HEARTHSIDE FOOD SOLUTIONS LLC: $400 million credit facility; GE Capital and SunTrust; $30 million five-year revolver talked at Libor plus 500 bps to 550 bps, 50 bps unused fee, 1.25% Libor floor, OID 99; $30 million six-year delayed-draw term loan talked at Libor plus 500 bps to 550 bps, 100 bps unused fee, 1.25% Libor floor, OID 99, 101 soft call; $340 million six-year term B talked at Libor plus 500 bps to 550 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance existing debt and fund a dividend; Downers Grove, Ill., bakery and a full-service contract manufacturer of grain-based food and snack products.

HOLOGIC INC.: $3.3 billion senior secured credit facility; Goldman Sachs, JPMorgan and Citigroup; $300 million five-year revolver expected at Libor plus 275 bps, Libor plus 287.5 bps or Libor plus 300 bps depending on ratings at close; $1 billion five-year term A expected at Libor plus 275 bps, Libor plus 287.5 bps or Libor plus 300 bps depending on ratings at close; $2 billion seven-year term B (not yet launched) expected at Libor plus 350 bps, 1% Libor floor, 101 soft call; help fund acquisition of Gen-Probe Inc.; Bedford, Mass.-based developer, manufacturer and supplier of diagnostics products, medical imaging systems and surgical products.

HOUGHTON MIFFLIN HARCOURT: $500 million 18-month DIP; Citigroup; $250 million ABL revolver (Ba2) at Libor plus 325 bps; $250 million term loan (B2) at Libor plus 600 bps, 1.25% Libor floor, OID 98; help fund Chapter 11 process; Boston-based educational publisher in the K-12 market.

ILC DOVER LP: $142 million credit facility; Credit Suisse; $7 million revolver; $135 million six-year first-lien term loan talked at Libor plus 675 bps, 1.5% Libor floor, OID 97, 101 soft call; help fund buyout by Behrman Capital PEP; Frederica, Del., manufacturer of softgood products.

JAZZ PHARMACEUTICALS PLC: $600 million credit facility (Ba3/BBB-); Barclays, JPMorgan and Citigroup; $100 million five-year revolver talked at Libor plus 325 bps to 350 bps; $500 million six-year term B talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99; help fund acquisition of EUSA Pharma; Dublin, Ireland, specialty biopharmaceutical company.

KRONOS WORLDWIDE INC.: $725 million credit facility; Wells Fargo; $600 million senior secured term B (Ba3/BB-) at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call; $125 million ABL revolver (not being syndicated); refinance existing debt and general corporate purposes; Dallas-based producer of titanium dioxide products.

LANDESK SOFTWARE: $220 million credit facility; Wells Fargo; $15 million revolver; $205 million term loan talked at Libor plus 525 bps, 1.25% Libor floor, OID 99, 101 soft call; acquisition funding; Salt Lake City-based leading provider of systems lifecycle management, endpoint security, and IT service management solutions for desktops, servers and mobile devices.

MEGAPATH CORP.: $165 million credit facility; Societe Generale; $15 million five-year revolver at Libor plus 625 bps, 1.25% Libor floor; $150 million six-year term loan at Libor plus 625 bps, 1.25% Libor floor, OID 981/2; refinance existing bank debt; provider of managed data, voice and security services.

MISYS PLC: Roughly $1.815 billion credit facility; Credit Suisse, Bank of America, Jefferies and Deutsche Bank; $125 million five-year revolver (Ba3/B+) at Libor plus 525 bps, 50 bps unused fee, OID 99; $945 million 61/2-year first-lien term loan (Ba3/B+) at Libor plus 600 bps, 1.25% Libor floor, OID 97, call protection 102, 101; €100 million 61/2-year first-lien term loan (Ba3/B+) at Euribor plus 625 bps, 1.25% floor, OID 97, call protection 102, 101; $615 million seven-year second-lien term loan (Caa1) at 12%, OID 953/4, non-callable for three years, with the first call at par plus 75% of coupon; help fund buyout by Vista Equity Partners; London-based application software and services provider servicing the financial services industry.

NEP II INC.: $680 million credit facility; Credit Suisse, UBS and GE; $60 million five-year revolver (B1/B) talked at Libor plus 500 bps, 1.25% Libor floor, OID 99; $460 million seven-year first-lien term loan (B1/B) talked at Libor plus 500 bps, 1.25% Libor floor, OID 99, 101 soft call; $160 million 71/2-year second-lien term loan (Caa1/CCC+) talked at Libor plus 900 bps, 1.25% floor, OID 98, call protection 103, 102, 101; refinance existing debt and pay a dividend; Pittsburgh-based provider of mobile broadcast solutions.

PACIFIC ARCHITECTS AND ENGINEERS: $200 million five-year credit facility; RBC and RBS Citizens; $150 million revolver at Libor plus 325 bps; $50 million term A at Libor plus 325 bps; refinance existing credit facilities; Arlington, Va., provider of contract services to U.S. government agencies, international organizations and foreign governments.

PELICAN PRODUCTS INC.: $480 million credit facility; Credit Suisse; $30 million revolver at Libor plus 550 bps, 1.5% Libor floor, OID 98; $350 million six-year first-lien term loan at Libor plus 550 bps, 1.5% Libor floor, OID 98, 101 soft call; $100 million seven-year second-lien term loan at Libor plus 1,000 bps, 1.5% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Behrman Capital PEP; Torrance, Calif., designer and manufacturer of advanced lighting systems and virtually indestructible cases.

P.F. CHANG'S CHINA BISTRO INC.: $355 million senior secured credit facility; Wells Fargo, Deutsche Bank and Barclays; $75 million five-year revolver; $280 million seven-year term B talked at Libor plus 500 bps to 550 bps, 1.25% Libor floor, OID 99; help fund buyout by Centerbridge Partners LP; Scottsdale, Ariz., owner and operator of two restaurant concepts in the Asian niche.

PRA INTERNATIONAL: $410 million credit facility (B1); Wells Fargo and UBS; $40 million revolver talked at Libor plus 400 bps; $370 million term B talked at Libor plus 475 bps, 1.25% Libor floor, OID 99, 101 soft call; refinance existing debt; Raleigh, N.C., clinical research organization.

RESIDENTIAL CAPITAL LLC: $1.45 billion 18-month DIP facility; Barclays; $190 million revolver at Libor plus 375 bps, 75 bps unused fee; $1.06 billion first-out term A-1 at Libor plus 375 bps, 1.25% Libor floor, OID 99; $200 million last-out term A-2 at Libor plus 550 bps, 1.25% Libor floor, OID 98; provide liquidity during Chapter 11 process; New York-based mortgage originator and servicer.

RIVERS PITTSBURGH BORROWER LP: $200 million five-year credit facility (B1/BB-); Wells Fargo; $185 million term A at Libor plus 375 bps; $15 million revolver at Libor plus 375 bps, 50 bps unused fee; refinance existing debt; Pittsburgh-based casino operator.

SECURUS TECHNOLOGIES: $436 million credit facility; BNP Paribas; $40 million revolver; $291 million first-lien term loan at Libor plus 525 bps, 1.25% Libor floor, OID 99; $105 million second-lien term loan at Libor plus 900 bps, 1.75% Libor floor, OID 98, call protection 103, 102, 101; refinance existing debt and fund a dividend; Dallas-based provider of telecommunications products and services for the corrections marketplace.

SEITEL INC.: $275 million term loans (B3/B); Wells Fargo and Jefferies; $75 million five-year term A talked at Libor plus 725 bps to 775 bps, 1.25% Libor floor, OID 97, call protection 103, 102, 101; $200 million six-year term B talked at Libor plus 875 bps, 1.25% Libor floor, OID 97, call protection 103, 102, 101; repurchase notes; Houston-based provider of seismic services to the energy industry.

SMG: $385 million credit facility; Credit Suisse and GE Capital; $25 million five-year revolver (Ba3/B+); $255 million six-year first-lien term loan (Ba3/B+) at Libor plus 425 bps, 1.25% Libor floor, OID 99, 101 soft call; $105 million 61/2-year second-lien term loan (Caa1/CCC+) at Libor plus 950 bps, 1.25% Libor floor, OID 98, call protection 103, 102, 101; refinance existing debt; West Conshohocken, Pa., venue management company.

SXC HEALTH SOLUTIONS CORP.: $1.8 billion credit facility (Ba2/BBB-); JPMorgan, Bank of America, Barclays and SunTrust; $700 million five-year revolver talked at Libor plus 200 bps; $1.1 billion five-year term A talked at Libor plus 200 bps; help fund acquisition of Catalyst Health Solutions Inc.; Lisle, Ill., provider of pharmacy benefits management and health care information technology services.

VALEANT PHARMACEUTICALS INTERNATIONAL INC.: $500 million incremental term loan due 2019 talked at Libor plus 275 bps, 1% Libor floor, OID 97½ to 98; Goldman Sachs; to repay revolver debt and for general corporate purposes; Mississauga, Ont., specialty pharmaceutical company.

WASTEQUIP LLC: $190 million senior secured credit facility; Goldman Sachs; $40 million revolver (Ba2/BB-); $150 million term B (B3/BB-) talked at Libor plus 600 bps to 625 bps, 1.25% Libor floor, OID 98, 101 soft call; fund a recapitalization; Charlotte, N.C., manufacturer of waste handling equipment and recycling equipment.

WOLVERINE HEALTHCARE ANALYTICS: $577.6 million credit facility (Ba3/B+); JPMorgan, Bank of America, Morgan Stanley and UBS; $50 million five-year revolver at Libor plus 550 bps; $527.6 million seven-year term B at Libor plus 550 bps, 1.25% Libor floor, OID 98, 101 soft call; help fund buyout by Veritas Capital from Thomson Reuters; provider of data, analytics and performance benchmarking services to hospitals, health systems, employers, health plans, government agencies and health care professionals.

On The Horizon

AFFYMETRIX INC.: $100 million five-year senior secured credit facility; GE Capital and Silicon Valley; $15 million revolver; $85 million term loan; help fund acquisition of eBioscience Inc., refinance existing debt and general corporate purposes; Santa Clara, Calif., provider of technology used by pharmaceutical, diagnostic and biotechnology companies, and academic, government and nonprofit research institutes.

BENIHANA INC.: New unitranche loan; Golub Capital, Ares Capital and GE Capital; help fund buyout by Gordon & Co.; Miami-based operator of Japanese theme and sushi restaurants.

COLLECTIVE LICENSING INTERNATIONAL/PAYLESS SHOESOURCE: $250 million senior secured asset-based revolver; Wells Fargo; help fund buyout by Blum Capital and Golden Gate from Collective Brands; footwear and related accessories company.

DAVITA INC.: New senior secured loans; JPMorgan; help fund acquisition of HealthCare Partners; Denver-based provider of kidney care services.

EDELMAN FINANCIAL GROUP INC.: $102.8 million six-year senior secured credit facility; Fortress Credit; $10 million revolver expected at Libor plus 700 bps, 1.5% Libor floor; $92.8 million term B expected at Libor plus 700 bps, 1.5% Libor floor, call protection 102, 101; help fund buyout by Lee Equity Partners LLC; Houston-based wealth management firm.

ERESEARCHTECHNOLOGY INC.: $224 million senior secured credit facility; Credit Suisse and Jefferies; $50 million five-year revolver expected at Libor plus 550 bps; $174 million six-year term loan expected at Libor plus 550 bps; help fund buyout by Genstar Capital LLC; Philadelphia-based technology-driven provider of health outcomes research services and customizable medical devices.

FOGO DE CHAO CHURRASCARIA HOLDINGS LLC: New debt financing; JPMorgan and Jefferies; help fund buyout by Thomas H. Lee Partners LP from GP Investments Ltd.; Dallas-based steakhouse chain.

FORESTAR GROUP INC.: $75 million loan; KeyBanc; help fund acquisition of Credo Petroleum Corp.; Austin, Texas, company that operates in three business segments: mineral resources, real estate and fiber resources.

FULL HOUSE RESORTS: $75 million credit facility; $55 million first-lien facility led by Capital One; $20 million second-lien loan led by Summit Partners; fund acquisition of the Silver Slipper Casino; Las Vegas-based owner, developer and manager of gaming facilities.

INTERLINE BRANDS INC.: $250 million senior secured asset-based revolver; Goldman Sachs and Bank of America; help fund buyout by GS Capital Partners LP and P2 Capital Partners LLC; Jacksonville, Fla., distributor and direct marketer of broad-line maintenance, repair and operations products.

PENINSULA GAMING LLC: $850 million five-year credit facility; Bank of America, JPMorgan and Deutsche Bank; $50 million revolver; $800 million term B; help fund acquisition by Boyd Gaming Corp. and refinance existing debt; Dubuque, Iowa, owner and operator of casinos and off-track betting parlors.

PENN NATIONAL GAMING INC.: Add-on to credit facility; help fund acquisition of Harrah's St. Louis gaming and lodging facility from Caesars Entertainment; Wyomissing, Pa., owner and operator of gaming and racing facilities with a focus on slot machine entertainment.

Q9 NETWORKS INC.: New debt financing; BMO, RBC and TD Securities; help fund buyout by Ontario Teachers' Pension Plan, Providence Equity Partners, Madison Dearborn Partners LLC and BCE Inc.; Toronto-based provider of outsourced data centre infrastructure for organizations with mission-critical IT operations.

QUEST SOFTWARE INC.: $895 million senior secured credit facility; JPMorgan, RBC and Barclays; $820 million term loan expected at Libor plus 475 bps; $75 million revolver expected at Libor plus 475 bps; help fund buyout by Insight Venture Partners; Aliso Viejo, Calif., provider of IT management services.

QUICKSILVER RESOURCES PARTNERS OPERATING LTD.: $750 million five-year secured revolver with pricing of Libor plus 175 bps to 275 bps based on utilization; 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.

SMART BALANCE INC.: $280 million senior secured credit facility; BMO and Citigroup; $40 million five-year revolver; $240 million six-year term loan; fund acquisition of Udi's Healthy Foods LLC and refinance existing debt; Paramus, N.J., distributor of health foods.

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.

ULTRA CLEAN HOLDINGS INC.: $80 million four-year senior secured credit facility; Silicon Valley Bank and U.S. Bank; $40 million revolver; $40 million term loan; fund the acquisition of American Integration Technologies LLC, refinance existing debt and general corporate purposes; Hayward, Calif.-based developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, medical, energy and research industries.

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

WIDEOPENWEST FINANCE LLC: $2.12 billion; Credit Suisse, Morgan Stanley, RBC, SunTrust and Bank of Tokyo-Mitsubishi-UFJ; $200 million revolver; $1.92 billion term loan; help fund acquisition of Knology Inc.; Denver-based provider of residential and commercial high-speed internet, cable television and telephone 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.