Bank Loan Calendar: $6.632 billion deals being marketed

January Bank Meetings

CONNOLLY HOLDINGS INC.: Bank meeting Jan. 8; new credit facility; RBC; refinance existing bank debt; Atlanta-based provider of technology-enabled recovery audit services.

DSM PHARMACEUTICAL PRODUCTS/PATHEON INC.: Bank meeting expected early January; $1.35 billion credit facility; UBS, JPMorgan, Jefferies, KeyBanc and Morgan Stanley; $200 million five-year revolver; $1.15 billion seven-year term B, 1% Libor floor, 101 soft call; help fund purchase of Patheon by JLL Partners and Royal DSM and merger with DSM Pharmaceutical Products to create a new company; contract development and manufacturing organization for the pharmaceutical industry.

Upcoming Closings

CHEMTRADE LOGISTICS INCOME FUND: $1 billion five-year senior secured credit facility; BMO and Scotia Bank; $400 million revolver at Libor plus 250 bps; $600 million term loan at Libor plus 250 bps; help fund the acquisition of General Chemical Holding Co. and refinance existing debt; Toronto-based operator of a diversified business providing industrial chemicals and services.

CHESAPEAKE SERVICES LTD./MULTI PACKAGING SOLUTIONS INC.: $452 million U.S. bank debt (B1/B+); Barclays and Credit Suisse; $122 million incremental term B due Sept. 30, 2020 at Libor plus 325 bps, 1% Libor floor, OID 993/4, 101 soft call through March 30, 2014; $50 million revolver due Aug. 15, 2018 at Libor plus 325 bps; $280 million rollover term B due Sept. 30, 2020 at Libor plus 325 bps, 1% Libor floor, OID 993/4, 101 soft call through March 30, 2014; also £50mm multicurrency revolver due Sept. 30, 2019 at Libor plus 400 bps, £145 million term B due Sept. 30, 2020 talked at Libor plus 500 bps, 1% Libor floor, 101 soft call through Sept. 30, 2014, and €172.6 million term B due Sept. 30, 2020 at Euribor plus 450 bps, 1% floor, 101 soft call through Sept. 30, 2014; help fund merger of the two companies; U.K.-based manufacturer of consumer packaging.

DARLING INTERNATIONAL INC.: $1.3 billion term B debt (Ba2); JPMorgan, BMO and Goldman Sachs; $600 million seven-year covenant-light term B at Libor plus 250 bps, 0.75% Libor floor, OID 993/4, 101 soft call for six months; $700 million seven-year covenant-light euro equivalent term B at Euribor plus 275 bps, 0.75% floor, OID 991/2, 101 soft call for six months; help fund acquisition of Vion Ingredients from Vion Holding N.V.; Irving, Texas, provider of rendering, recycling and recovery services to the food industry.

EXTREME REACH INC.: $495 million credit facility; JPMorgan and SunTrust; $30 million five-year revolver (Ba2/BB-); $350 million six-year first-lien term B (B1/B+) talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 99, 101 soft call; $115 million seven-year second-lien term loan (Caa1/CCC+) talked at Libor plus 900 bps to 925 bps, 1% Libor floor, OID 981/2, non-call one, 102, 101; help fund acquisition of the TV business of Digital Generation Inc.; Needham, Mass., video platform for integrated TV, online and mobile advertising.

GLENCOE PRINCIPAL HOLDINGS: $200 million credit facility; Macquarie; $25 million five-year revolver (B2/B+); $130 million five-year first-lien term loan (B2/B+) talked at Libor plus 650 bps, 1% Libor floor, 101 soft call; $45 million seven-year second-lien term loan (Caa2/CCC+) talked at Libor plus 900 bps, 1% Libor floor, OID 981/2, call protection 102, 101; refinance existing subsidiary debt, acquire certain outstanding equity interests held by third parties and fund a distribution to sponsor Glencoe Capital; Co-borrowers are subsidiaries Dixie Chemical, a Pasadena, Texas-based manufacturer of high-purity chemicals, complex compounds and chemical intermediates, Child Development Schools, a Columbus, Ga.-based for-profit preschool education and early care provider, and Polyair Corp., a Toronto-based manufacturer and marketer of protective packaging products.

NICE-PAK PRODUCTS: $230 million senior secured credit facility; RBC; $60 million five-year asset-based revolver talked with a grid of Libor plus 150 bps to 200 bps based on availability, 37.5 bps unused fee; $170 million six-year term B talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99, 101 soft call; refinance existing debt; Orangeburg, N.Y., manufacturer of wet wipes for baby and health care applications.

NORTH ATLANTIC TRADING CO. INC.: $255 million of term loans; Wells Fargo and Jefferies; $165 million six-year first-lien term B (B2/B-) talked at Libor plus 650 bps, 1.25% Libor floor, OID 99, 101 soft call; $90 million 61/2-year second-lien term loan (Caa1/CCC) talked at Libor plus 1,050 bps, 1.25% Libor floor, OID 98, call protection 103, 102, 101; refinance existing debt; Louisville, Ky., manufacturer and marketer of tobacco products.

SALIX PHARMACEUTICALS LTD.: $1.35 billion senior secured credit facility (Ba1/BB); Jefferies, Fifth Third, PNC, SunTrust and SMBC; includes $150 million five-year revolver; $1.2 billion six-year term loan at Libor plus 325 bps, step-down to Libor plus 300 bps when leverage is less than 3.75x, 1% Libor floor, OID 991/2, 101 soft call for six months; help fund acquisition of Santarus Inc.; Raleigh, N.C.-based developer and marketer of prescription pharmaceutical products and medical devices for the prevention and treatment of gastrointestinal diseases.

On The Horizon

ANAREN INC.: $235 million senior secured credit facility; Credit Suisse; $20 million revolver; $145 million first-lien term loan; $70 million second-lien term loan; help fund buyout by Veritas Capital; Syracuse, N.Y.-based designer, developer, manufacturer and seller of highly integrated microwave components, assemblies and subsystems for the wireless communications, satellite communications and defense electronics markets.

ARDEN GROUP INC.: $180 million senior secured credit facility; BMO; $30 million revolver; $150 million term loan; help fund buyout by TPG; Compton, Calif., operator of specialty grocery stores.

AVAGO TECHNOLOGIES LTD.: $5.1 billion credit facility; $500 million revolver; $4.6 billion seven-year term loan; help fund acquisition of LSI Corp.; Singapore-based designer, developer and supplier of analog semiconductor devices.

BOB'S DISCOUNT FURNITURE: New debt financing; RBC and UBS; help fund buyout by Bain Capital; Manchester, Conn., retailer of furniture and bedding.

COMMUNITY HEALTH SYSTEMS INC.: $2.26 billion of senior secured term loans; Bank of America and Credit Suisse; $750 million 2016 term loan; $1.51 billion of 2020/2021 term loans; help fund purchase of Health Management Associates Inc.; Nashville, Tenn., hospital company.

DEALERTRACK TECHNOLOGIES: $825 million senior secured credit facility; JPMorgan, Bank of America, Barclays and Wells Fargo; $200 million revolver; $625 million seven-year term loan; help fund acquisition of Dealer.com; Lake Success, N.Y., provider of web-based software and services to the automotive industry.

ENGILITY CORP.: $150 million of incremental senior secured credit facility debt due Aug. 9, 2018; Bank of America; $75 million add-on term loan; $75 million add-on revolver; help fund acquisition of Dynamics Research Corp.; Chantilly, Va.-based pure-play government services contractor.

HARLAND CLARKE HOLDINGS CORP.: New bank debt; Credit Suisse, Bank of America and Citigroup; if amendment obtained $70 million add-on revolver, $500 million add-on term loan; if amendment not obtained $150 million revolver, $250 million add-on term loan; help fund acquisition of Valassis; San Antonio-based provider of payment, marketing and security services.

IKARIA INC.: New debt financing; Credit Suisse; help fund buyout by Madison Dearborn Partners; Hampton, N.J., critical care company.

JAZZ PHARMACEUTICALS PLC: $500 million incremental senior secured term loan due June 12, 2018 expected at Libor plus 275 bps, 0.75% Libor floor; Barclays; help fund acquisition of Gentium SpA; Dublin, Ireland, specialty biopharmaceutical company.

JONES GROUP INC.: New debt financing; Morgan Stanley, Jefferies, MCS Capital, KKR, Wells Fargo, Burdale Financial and Bank of America; help fund buyout by Sycamore Partners; New York-based designer, marketer and wholesaler of apparel, footwear, jeanswear, jewelry and handbags.

MITEL NETWORKS CORP.: $405 million credit facility; Jefferies and TD Securities; $355 million six-year term loan expected at Libor plus 500 bps, 1% Libor floor, 101 soft call for six months; $50 million five-year revolver expected at Libor plus 500 bps, 50 bps unused fee; help fund acquisition of Aastra Technologies Ltd. and refinance an existing credit facility; Kanata, Ont., provider of cloud and premises-based unified communications software.

PEROXYGENS: New debt financing; Macquarie; help fund buyout by One Equity Partners from FMC Corp.; supplier of Hydrogen Peroxide, persulfate products, peracetic acid and other eco-friendly specialty oxidants.

PHARMEDIUM: New debt financing; JPMorgan, Credit Suisse and Morgan Stanley; help fund buyout by Clayton, Dubilier & Rice from Oak Investment Partners and Baird Capital; Lake Forest, Ill., provider of hospital pharmacy-outsourced sterile compounding services.

SOUTHWIRE CO.: $1.75 billion senior secured credit facility; Bank of America, Wells Fargo, BMO and Macquarie;$1 billion asset-based revolver; $750 million term loan; help fund acquisition of Coleman Cable Inc.; Carrollton, Ga., wire and cable producer.

TAMINCO CORP.: New debt financing; help fund acquisition of the formic acid business of Kemira Oyj; Allentown, Pa., producer of alkylamines and alkylamine derivatives.

VISANT CORP.: $260 million senior secured term loan expected at Libor plus 575 bps, 1% Libor floor, 101 soft call for six months; Credit Suisse; help fund acquisition of American Achievement Group Holding Corp.; Armonk, N.Y., marketing and publishing company.

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