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Published on 6/25/2012 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $25.337 billion deals being marketed

June Bank Meetings

INTELLIGRATED: Bank meeting June 26; $340 million credit facility; RBC and Morgan Stanley; $35 million revolver; $215 million covenant-light first-lien term loan; $90 million covenant-light second-lien term loan; help fund buyout by Permira from Gryphon Investors; Mason, Ohio, provider of automated material handling services and products.

KLOCKNER PENTAPLAST: Bank meeting in New York on June 28, London June 29; $500 million credit facility; Jefferies; $65 million revolver; $435 million term loan; help fund completed recapitalization and buyout by Strategic Value Partners LLC investor group; Montabaur, Germany, producer of films for pharmaceutical, medical device, food, electronics and general-purpose thermoform packaging, as well as printing and specialty applications.

Upcoming Closings

ACOSTA SALES & MARKETING: $300 million incremental term loan (B+) at Libor plus 425 bps, 1.5% Libor floor, OID 981/2, 101 soft call; Goldman Sachs, Barclays and Bank of America; help fund acquisition of Mosaic Sales Solutions; Jacksonville, Fla., full-service sales and marketing agency in the consumer packaged goods industry.

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.

ARCHWAY MARKETING SERVICES INC.: $175 million credit facility; GE Capital and ING; $30 million five-year revolver talked at Libor plus 525 bps, 1.25% Libor floor, OID 99; $35 million six-year delayed-draw for three years term loan talked at Libor plus 525 bps, 1.25% Libor floor, OID 99; $110 million six-year term loan talked at Libor plus 525 bps, 1.25% Libor floor, OID 99; help fund buyout by Investcorp from Tailwind Capital, Black Canyon Capital and management; Rogers, Minn., marketing logistics and fulfillment services company.

AWAS AVIATION CAPITAL LTD.: $360 million six-year term loan (Ba2) talked at Libor plus 450 bps (tightened from 450 bps to 475 bps), 1.25% Libor floor, OID 99 (decreased from 981/2), 101 soft call; Goldman Sachs, RBC and Morgan Stanley; fund a portfolio of aircraft; Dublin-based aircraft leasing company; allocating June 26.

BEASLEY BROADCAST GROUP INC.: $135 million credit facility; GE Capital; $20 million revolver talked at Libor plus 500 bps, OID 99; $90 million term A talked at Libor plus 500 bps, OID 99; $25 million second-lien term loan talked at Libor plus 950 bps to 1,000 bps, 1.25% Libor floor; refinance existing debt; Naples, Fla., radio broadcasting company.

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 (B1/B+) 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 (Ba3) 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.

CONSOLIDATED CONTAINER CO.: $495 million credit facility; Bank of America, Citigroup, RBC and Credit Suisse; $125 million ABL revolver; $370 million seven-year term B (B1/B) talked at Libor plus 525 bps, 1.25% Libor floor, OID 98½ to 99; help fund buyout by Bain Capital Partners LLC from Vestar Capital Partners; Atlanta-based developer and manufacturer of rigid plastic packaging.

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: $225 million of term loans; Credit Suisse, Morgan Stanley and Goldman Sachs; $100 million incremental first-lien term loan due April 2018 talked at Libor plus 625 bps, 1.5% Libor floor, OID 98, 101 soft call to April 2013; $125 million second-lien term loan due October 2018 talked at Libor plus 950 bps, 1.5% Libor floor, OID 98, call protection 103, 102, 101; fund acquisition of HostGator; Burlington, Mass., provider of web hosting and online services.

ENGILITY CORP.: $385 million senior secured credit facility (Ba1/BB+); Bank of America and Barclays; $50 million revolver; $335 million term A; pay a dividend to L-3 Communications Holdings Inc.; Billerica, Mass., provider of systems engineering and technical assistance, explosive ordnance disposal/counter-IED technical support, acquisition support and NextGen services.

ERESEARCHTECHNOLOGY INC.: Expected close June 25 week; $270 million senior secured credit facility (B+); Credit Suisse and Jefferies; $50 million five-year revolver; $220 million six-year term loan talked at Libor plus 650 bps (increased from 600 bps), 1.5% Libor floor, OID 96 (widened from 97), 101 soft call; help fund buyout by Genstar Capital LLC; Philadelphia-based technology-driven provider of health outcomes research services and customizable medical devices.

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.

FERRARA CANDY CO. INC.: $550 million credit facility; Morgan Stanley and Goldman Sachs; $125 million asset-based revolver; $425 million six-year covenant-light term B (B2/B) at Libor plus 625 bps, 1.25% Libor floor, OID 961/2, soft call 102, 101; help fund merger of Farley's & Sathers Candy Co. Inc. and Ferrara Pan Candy Co. Inc.; general line candy manufacturer.

FOGO DE CHAO CHURRASCARIA HOLDINGS LLC: $275 million credit facility; JPMorgan and Jefferies; $25 million five-year revolver (B1/B+); $180 million seven-year first-lien term loan (B1/B+) talked at Libor plus 575 bps, 1.25% Libor floor, OID 98, 101 soft call; $70 million 71/2-year second-lien term loan (Caa1/B-) talked at Libor plus 900 bps, 1.5% floor, OID 97, call protection 103, 102, 101; help fund buyout by Thomas H. Lee Partners LP from GP Investments Ltd.; Dallas-based steakhouse chain.

FRESENIUS SE & CO. KGAA: Roughly €3.1 billion credit facility (Ba1/BBB-); 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 talked at Euribor plus 325 bps, 1% floor; $1.2 billion seven-year term B (not yet launched); 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.: $150 million credit facility (B1); 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.

HOLOGIC INC.: $3.3 billion senior secured credit facility (Ba2/BBB-); 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.

ILC DOVER LP: $142 million credit facility; Credit Suisse; $7 million five-year revolver talked at Libor plus 675 bps, 1.5% Libor floor, OID 97; $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.

KENAN ADVANTAGE GROUP: $700 million credit facility; KeyBanc; $100 million revolver; $450 million term B at Libor plus 325 bps, 1.25% Libor floor, OID 99; $150 million delayed-draw term loan at Libor plus 325 bps, 1.25% Libor floor, OID 99; North Canton, Ohio, logistics and liquid bulk transportation services provider.

LHP HOSPITAL GROUP INC.: $375 million senior secured credit facility (B3/B); Citigroup, Morgan Stanley, Bank of America and Regions Bank; $100 million five-year revolver; $275 million six-year term B talked at Libor plus 675 bps to 700 bps, 1.5% Libor floor, OID 98; refinance existing debt and for acquisitions; Plano, Texas, provider of hospital capital and expertise to not-for-profit hospitals and hospital systems.

LS POWER: $750 million seven-year first-lien term loan (Ba2) talked at Libor plus 450 bps, 1.25% Libor floor, OID 981/2, soft call 102, 101; Credit Suisse, Citigroup and Morgan Stanley; refinance existing project level debt, fund reserve accounts, fund a distribution to the sponsor and general corporate purposes; New York-based company that has a diversified portfolio of power generating facilities.

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.

P.F. CHANG'S CHINA BISTRO INC.: $380 million senior secured credit facility (Ba3/B+); Wells Fargo, Deutsche Bank and Barclays; $75 million five-year revolver; $305 million seven-year term B at Libor plus 500 bps, step-down to Libor plus 475 bps at net secured lease adjusted leverage of less than 3.5x, 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.

POLYPORE INTERNATIONAL INC.: $450 million five-year senior secured credit facility (Ba2/BB); JPMorgan; $150 million revolver; $300 million term loan; refinance debt and general corporate purposes; Charlotte, N.C., high technology filtration company specializing in microporous membranes.

PRECISION PARTNERS HOLDING CO.: $150 million five-year credit facility; M&T Bank, $50 million revolver talked at Libor plus 275 bps, 37.5 bps unused fee; $100 million term A talked at Libor plus 275 bps; refinance existing debt and for general corporate purposes; Skokie, Ill., advanced manufacturing and engineering services company for energy, aerospace, transportation and infrastructure.

SAVERS INC.: $730 million senior secured covenant-light credit facility (Ba3/B); Goldman Sachs, Barclays, Credit Suisse and Deutsche Bank; $75 million five-year revolver; $655 million seven-year term B talked at Libor plus 500 bps to 525 bps, 1.25% Libor floor, OID 98 to 981/2, 101 soft call; help fund buyout by Leonard Green & Partners LP, TPG, chairman Thomas Ellison and management from Freeman Spogli & Co., Bellevue, Wash., thrift store chain; allocating June 28.

SHERIDAN HOLDINGS INC.: $810 million covenant-light credit facility; Credit Suisse, Barclays, Bank of America, UBS and SunTrust; $100 million five-year revolver (B1/B+) talked at Libor plus 475 bps to 500 bps, OID 99; $570 million six-year first-lien term loan (B1/B+) talked at Libor plus 475 bps to 500 bps, 1.25% Libor floor, OID 98, 101 soft call; $140 million seven-year second-lien term loan (Caa1/B-) talked at Libor plus 825 bps to 850 bps; 1.25% Libor floor, OID 98, call protection 103, 102, 101; refinance existing debt; Sunrise, Fla., provider of outsourced health care services.

SMART BALANCE INC.: $280 million senior secured credit facility (B1/B+); BMO and Citigroup; $40 million five-year revolver; $240 million six-year term B talked at Libor plus 500 bps to 525 bps, 1.25% Libor floor, OID 99, 101 soft call; fund acquisition of Udi's Healthy Foods LLC and refinance existing debt; Paramus, N.J., distributor of health foods.

SXC HEALTH SOLUTIONS CORP.: $1.8 billion credit facility (Ba2/BBB-); JPMorgan, Bank of America, Barclays and SunTrust; $700 million five-year revolver at Libor plus 200 bps; $1.1 billion five-year term A 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.

TANK HOLDING CORP.: $405 million credit facility (B1); GE Capital and RBC; $50 million six-year revolver talked at Libor plus 375 bps; $355 million seven-year covenant-light term loan talked at Libor plus 500 bps to 525 bps, 1.25% Libor floor, OID 981/2, 101 soft call; help fund buyout by Leonard Green & Partners from Olympus Partners; Lincoln, Neb.-based manufacturer of polyethylene and steel material handling products.

U.S. RENAL CARE INC.: $485 million credit facility; Barclays, RBC and Goldman Sachs; $60 million revolver (B+); $305 million covenant-light first-lien term loan (B+) talked at Libor plus 500 bps to 525 bps, 1.25% Libor floor, OID 981/2, 101 soft call; $120 million covenant-light second-lien term loan (CCC+) talked at Libor plus 850 bps, 1.25% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Leonard Green & Partners L.P. from Cressey & Co.; Dallas-based owner, operator and developer of dialysis centers.

WAUPACA FOUNDRY INC.: $485 million credit facility; GE Capital, RBC and Wells Fargo; $225 million ABL revolver; $260 million term loan (BB-) at Libor plus 725 bps, 1.25% Libor floor, OID 98, soft call 102, 101; 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.

WIDEOPENWEST FINANCE LLC: $2.12 billion credit facility (B1/B); Credit Suisse, Morgan Stanley, RBC, SunTrust and Bank of Tokyo-Mitsubishi-UFJ; $200 million five-year revolver; $1.92 billion seven-year term B talked at Libor plus 500 bps, 1.25% Libor floor, OID 981/2, 101 soft call; help fund acquisition of Knology Inc.; Denver-based provider of residential and commercial high-speed internet, cable television and telephone services.

WIRECO WORLDGROUP INC.: $460 million senior secured credit facility (Ba2/BB-) due Feb. 15, 2017; Goldman Sachs and Deutsche Bank; $135 million revolver, 50 bps unused fee; $325 million term B talked at Libor plus 500 bps area, 1.25% Libor floor, OID 981/2, 101 soft call; help fund acquisition of Koninklijke (Royal) Lankhorst Euronete Group BV and refinance an existing credit facility; Kansas City, Mo., manufacturer, engineer and distributor of wire, wire rope, wire rope assemblies and electromechanical cable; to allocate June 28.

WOLVERINE WORLDWIDE: $1.1 billion senior secured credit facility (Ba2/BB); JPMorgan and Wells Fargo; $200 million five-year revolver at Libor plus 225 bps; $550 million five-year term A at Libor plus 225 bps; $350 million seven-year term B at Libor plus 375 bps, step-down to Libor plus 350 bps at less than 3.25x total net leverage, 1% Libor floor, OID 99, 101 soft call; 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: $1.75 billion senior secured credit facility (B1/B); 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 seven-year term B at Libor plus 587.5 bps, 1.25% Libor floor, OID 98, 101 soft call; 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.

On The Horizon

AFFYMETRIX INC.: $100 million five-year senior secured credit facility; GE Capital and Silicon Valley; $15 million revolver expected at Libor plus 500 bps, 1.5% Libor floor; $85 million term loan expected at Libor plus 500 bps, 1.5% Libor floor; 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.: $175 million senior secured credit facility; Golub Capital, Ares Capital and GE Capital; $15 million five-year revolver; $160 million 51/2-year term loan; 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.

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.

GENESIS HEALTHCARE: New credit facility; Barclays and GE Capital; term loan; ABL loan; help fund acquisition of Sun Healthcare Group Inc.; Kennett Square, Pa.-based skilled nursing care provider.

INTEGRAMED AMERICA INC.: $95 million five-year senior secured credit facility; Golub Capital; $5 million revolver expected at Libor plus 725 bps, 1.25% Libor floor, 50 bps unused fee; $90 million term loan expected at Libor plus 725 bps, 1.25% Libor floor, call protection 103, 102, 101; help fund buyout by Sagard Capital Partners LP; Purchase, N.Y., developer, marketer and manager of specialty health care facilities in the fertility and vein care markets.

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.

KENNETH COLE PRODUCTIONS INC.: $165 million five-year covenant-light senior secured credit facility; Wells Fargo; $110 million revolver expected at Libor plus 200 bps, 37.5 bps unused fee; $55 million term loan expected at Libor plus 850 bps, 1% Libor floor, call protection 102, 101; help fund buyout by chairman and chief creative officer, Kenneth D. Cole; New York-based designer and marketer of footwear, handbags, apparel and accessories.

PARADIGM LTD.: New credit facility; UBS and RBC; first-lien term loan; second-lien term loan; help fund buyout by Apax Partners and JMI Equity from Fox Paine & Co.; software vendor focused on the oil and gas exploration & production space.

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 and Vector Capital; Aliso Viejo, Calif., provider of IT management services.

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

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.


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