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Published on 7/5/2012 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $18.5155 billion deals being marketed

July Bank Meetings

CDC SOFTWARE: Bank meeting July 10; $260 million credit facility, BMO Capital and Golub Capital; $10 million revolver; $100 million term A; $150 million term B; help fund acquisition of Consona Corp.; Atlanta-based enterprise software provider of on-premise and cloud technologies.

CONNOLLY INC.: Bank meeting July 12; $400 million credit facility; RBC and SunTrust; $30 million revolver; $240 million first-lien term loan; $130 million second-lien term loan; help fund buyout by Advent International; Atlanta-based provider of technology-enabled recovery audit services.

HOLOGIC INC.: Bank meeting for term B on July 9; $3.05 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; $1.75 billion seven-year term B 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.

LIBERTY GLOBAL INC. (LIBERTY CABLEVISION OF PUERTO RICO LLC): Bank meeting targeted for July 10; $185 million five-year credit facility (B+); Scotia Capital; $10 million revolver; $175 million term loan talked at Libor plus 450 bps, 1.5% Libor floor; help fund acquisition with Searchlight Capital Partners LP of San Juan Cable LLC (OneLink Communications); Englewood, Colo., cable company.

PARADIGM HOLDCO SARL.: Bank meeting July 10; $460 million credit facility; UBS and RBC; $40 million five-year revolver; $290 million seven-year first-lien term loan; $130 million eight-year 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.

PARTY CITY HOLDINGS INC.: Bank meeting July 10; $1.45 billion credit facility; Deutsche Bank, Bank of America, Goldman Sachs, Morgan Stanley and Barclays; $400 million ABL revolver; $1.05 billion term loan; help fund buyout by Thomas H. Lee Partners LP from Advent International Corp., Berkshire Partners LLC, Weston Presidio and management; Rockaway, N.J., designer, manufacturer and distributor of party goods.

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.

ARCHWAY MARKETING SERVICES INC.: $175 million credit facility; GE Capital and ING; $30 million five-year revolver at Libor plus 525 bps, 1.25% Libor floor, OID 99; $35 million six-year delayed-draw for three years term loan at Libor plus 525 bps, 1.25% Libor floor, OID 99; $110 million six-year term loan 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.

ARCTIC GLACIER USA INC.: $225 million credit facility (B1/B); Credit Suisse; $25 million five-year revolver; $200 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 H.I.G. Capital; Winnipeg-based producer, marketer and distributor of packaged ice.

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.

BSN MEDICAL: €864.5 million credit facility (B+/BB); Deutsche Bank, Goldman Sachs, JPMorgan and Morgan Stanley; €225 million U.S. dollar equivalent term B-1 talked at Libor plus 475 bps to 500 bps, 1.25% Libor floor, OID 97 to 98, 101 soft call; €50 million revolver; €75 million capex/acquisition facility A; €514.5 million term B-2; help fund buyout of the company by EQT VI from Montagu Private Equity; Hamburg, Germany, supplier of wound care, compression therapy, and orthopaedic products.

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) at Libor plus 500 bps, 1.25% Libor floor, OID 99; help fund buyout by Bain Capital Partners LLC from Vestar Capital Partners; Atlanta-based developer and manufacturer of rigid plastic packaging.

ENDURANCE INTERNATIONAL GROUP: $225 million of term loans; Credit Suisse, Morgan Stanley and Goldman Sachs; $100 million incremental first-lien term loan (B1/B) 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 (Caa1/CCC+) 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 (Ba2/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.

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.

FOGO DE CHAO CHURRASCARIA HOLDINGS LLC: $277.5 million credit facility; JPMorgan and Jefferies; $25 million five-year revolver (B1/B+); $182.5 million seven-year first-lien term loan (B1/B+) at Libor plus 625 bps, 1.25% Libor floor, OID 97, 101 soft call; $70 million 71/2-year second-lien term loan (Caa1/B-) at Libor plus 950 bps, 1.5% floor, OID 96, 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.

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.

INTELLIGRATED: $340 million credit facility; RBC and Morgan Stanley; $35 million revolver (B1/B); $215 million covenant-light first-lien term loan (B1/B) talked at Libor plus 525 bps to 550 bps, 1.25% Libor floor, OID 98, soft call 102, 101; $90 million covenant-light second-lien term loan (Caa1/CCC+) talked at Libor plus 925 bps to 950 bps, 1.25% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Permira from Gryphon Investors; Mason, Ohio, provider of automated material handling services and products.

KENAN ADVANTAGE GROUP: $700 million credit facility (Ba3/BB-); 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.

KLOECKNER HOLDINGS SCA: $500 million credit facility (Ba3/B); Jefferies; $65 million revolver; $435 million term loan talked at Libor plus 575 bps, 1.25% Libor floor, OID 98 to 981/2; 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.

LIFEPOINT HOSPITALS: $800 million credit facility; Citigroup, Barclays and Bank of America; $350 million revolver talked at Libor plus 175 bps; $450 million term A talked at Libor plus 175 bps; refinance existing debt; Brentwood, Tenn., hospital company.

LTI BOYD: $141 million credit facility; GE Capital and KeyBanc; $25 million five-year revolver talked at Libor plus 525 bps, 1.25% Libor floor, OID 99; $116 million six-year term loan talked at Libor plus 525 bps, 1.25% Libor floor, OID 99; help fund buyout by Snow Phipps Group LLC; Modesto, Calif., provider of lowest-cost, engineered mechanical component and assembly services.

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.

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 at Libor plus 500 bps, 1.25% Libor floor, OID 99; 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.

TANK HOLDING CORP.: $405 million credit facility (B1); GE Capital and RBC; $50 million six-year revolver; $355 million seven-year covenant-light term loan at Libor plus 550 bps, 1.25% Libor floor, OID 98, 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 five-year revolver (B1/B+); $305 million covenant-light seven-year first-lien term loan (B1/B+) at Libor plus 500 bps, 1.25% Libor floor, OID 981/2, 101 soft call; $120 million covenant-light 7.5-year second-lien term loan (Caa1/CCC+) at Libor plus 900 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.

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.: $480 million senior secured credit facility (Ba2/BB-) due Feb. 15, 2017; Goldman Sachs and Deutsche Bank; $145 million revolver, 50 bps unused fee; $335 million term B at Libor plus 475 bps, 1.25% Libor floor, OID 99, 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.

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.

On The Horizon

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.

CONSTELLATION BRANDS INC.: New term loan; Bank of America and JPMorgan; help fund acquisition of 50% interest in Crown Imports LLC from Anheuser-Busch InBev SA/NV; Victor, N.Y., wine, beer and spirits 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.

M*MODAL INC.: New debt financing; Bank of America and RBC; help fund buyout by One Equity Partners and refinance existing debt; Franklin, Tenn., provider of clinical documentation services and speech understanding services.

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.

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.

SYNIVERSE TECHNOLOGIES INC.: $700 million term loan; Barclays, Deutsche Bank, Credit Suisse and Goldman Sachs; help fund purchase of MACH; Tampa, Fla., provider of technology and business services for the telecommunications industry.

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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