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 8/14/2013 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $35.9052 billion deals being marketed

August Bank Meetings

CROWN CASTLE OPERATING CO.: Conference call Aug. 15; $500 million add-on term B due Jan. 31, 2019 talked at Libor plus 250 bps, step-down to Libor plus 225 bps when total leverage is less than 4.5x, 0.75% Libor floor, OID 99 to 991/2, 101 soft call protection until Oct. 19, 2013; Morgan Stanley and Bank of America; pay down revolver borrowings; Houston-based owner, operator and leaser of towers and other infrastructure for wireless communications.

REVLON CONSUMER PRODUCTS CORP.: Conference call Aug. 15; $700 million incremental term loan; Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, Bank of America and Wells Fargo; help fund acquisition of Colomer Group from CVC Capital Partners; New York-based cosmetics and accessories company.

Upcoming Closings

ALLISON TRANSMISSION, INC.: $1.139 billion senior secured term B-3 due Aug. 23, 2019 talked at Libor plus 275 bps, 0.75% to 1% Libor floor, 101 soft call for six months; Citigroup; repricing; Indianapolis-based automatic transmission company.

BALLY TECHNOLOGIES INC.: $1.1 billion seven-year covenant-light term B (Ba3/BB) talked at Libor plus 325 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; Wells Fargo, JPMorgan, Bank of America, Goldman Sachs and Union Bank; help fund acquisition of SHFL entertainment Inc.; Las Vegas-based gaming company that designs, manufactures, distributes, and operates gaming devices and computerized monitoring, accounting and player-tracking systems for gaming devices.

BMC SOFTWARE: $3.565 billion U.S. senior secured credit facility (B1/B+); Credit Suisse, RBC, Barclays, Goldman Sachs, Deutsche Bank, Citigroup, Mizuho and Jefferies; $350 million five-year revolver; $2.88 billion seven-year first-lien covenant-light term loan at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; $335 million seven-year term loan at the euro borrower at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; €500 million seven-year first-lien covenant-light term loan (Ba3/BB-) at Euribor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Bain Capital, Golden Gate Capital, GIC Special Investments Pte. Ltd and Insight Venture Partners; Houston-based software company.

BOWIE RESOURCES LLC: $470 million senior secured credit facility; Morgan Stanley and Deutsche Bank; $35 million ABL revolver; $335 million first-lien term B (B1/B+) at Libor plus 575 bps, 1% Libor floor, OID 97, 101 soft call; $100 million second-lien term loan (Caa1/CCC+) at Libor plus 1,075, 1% Libor floor, OID 96, non-call one, 102, 101; help fund acquisition of Canyon Fuel Co. LLC from Arch Coal Inc.; Louisville, Ky., coal company.

BOYD GAMING CORP.: $1.75 billion credit facility (Ba3/BB-/BB); Bank of America, Deutsche Bank, JPMorgan, UBS, Wells Fargo and Nomura; $600 million five-year revolver at Libor plus 300 bps; $250 million five-year term A at Libor plus 300 bps; $900 million seven-year covenant-light term B at Libor plus 300 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; refinance existing debt; Las Vegas-based owner and operator of gaming entertainment properties.

CERAMTEC GMBH: €747.5 million credit facility (Ba3/B); Deutsche Bank, RBC and UBS; €100 million revolver; €647.5 million seven-year covenant-light term loan Bs - €291.3 million term B at Euribor plus 375 bps, 1% floor, OID 991/2, 101 soft call for six months, $472.5 million term B at Libor plus 325 bps, 1% floor, OID 991/2, 101 soft call for six months; help fund buyout by Cinven from Rockwood Holdings Inc.; Plochingen, Germany, producer of high-performance advanced ceramics materials and products.

CERIDIAN CORP.: $1.419 billion term B talked at Libor plus 425 bps, 101 soft call for six months; Deutsche Bank; Minneapolis-based provider of human resources, transportation and retail information management services.

CINCINNATI BELL INC.: $400 million term B (Ba3/BB-) due 2020 talked at Libor plus 325 bps area, 1% Libor floor, OID 99 to 991/2, 101 soft call for six months; Bank of America, Barclays, Deutsche Bank and Morgan Stanley; repay some 8¼% senior notes due 2017 and general corporate purposes; Cincinnati-based provider of integrated communications services.

CONSOLIDATED CONTAINER CO.: $367 million term B talked at Libor plus 275 bps, 1% Libor floor, 101 soft call; Bank of America; reprice/refinance existing term loan; Atlanta-based developer and manufacturer of rigid plastic packaging.

CONTINENTAL BUILDING PRODUCTS LLC: $490 million credit facility; Credit Suisse and RBC; $50 million five-year revolver (B1/B+); $320 million seven-year first-lien covenant-light term loan (B1/B+) at Libor plus 350 bps, 50 bps step-down with IPO and B1/B+ ratings or less than 4x total leverage, 1% Libor floor, OID 991/2, 101 soft call; $120 million 71/2-year second-lien covenant-light term loan (Caa1/CCC+) at Libor plus 750 bps, 50 bps step-down with IPO and B1/B+ ratings or less than 4x total leverage, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Lone Star Funds from Lafarge; supplier of drywall for residential and commercial construction industries.

DS WATERS OF AMERICA INC.: $435 million senior secured credit facility; Barclays, Credit Suisse, Jefferies and BMO; $75 million ABL revolver; $360 million first-lien term loan (Ba3/BB-) at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call; help fund buyout by Crestview Partners; Atlanta-based direct-to-consumer beverage services provider.

EASTMAN KODAK CO.: $895 million senior secured exit facility; JPMorgan, Bank of America and Barclays; $200 million asset-based revolver at Libor plus 300 bps, 50 bps unused fee; $420 million six-year first-lien term loan at Libor plus 625 bps, 1% Libor floor, OID 98, hard call 102, 101; $275 million seven-year second-lien term loan at Libor plus 950 bps, 1.25% Libor floor, OID 971/2, non-call one, 103, 101; repay creditors and fund emergence from Chapter 11; Rochester, N.Y., provider of imaging technology products and services to the photographic and graphic communications markets.

ENVEN ENERGY VENTURES LLC: $150 million five-year second-lien term loan talked at Libor plus 800 bps, 1.5% Libor floor, OID 98, non-call one, 102, 101; Credit Suisse and BMO; repay existing debt and preferred equity and for general corporate purposes; exploration and production company in the Gulf of Mexico.

EPIQ SYSTEMS INC.: $400 million senior secured credit facility (B1/BB-); KeyBanc; $100 million revolver; $300 million term loan talked at Libor plus 375 bps, 1% Libor floor, OID 99 to 991/2; refinance existing debt and provide greater capital flexibility; provider of technology-enabled services for electronic discovery, bankruptcy and class action administration.

EXCO RESOURCES INC.: $300 million first-lien term loan (Ba3/B+) due 2019 talked at Libor plus 350 bps, 1% Libor floor, OID 99, 101 soft call; JPMorgan, Wells Fargo, Bank of America and BMO; refinance existing term loan and general corporate purposes; Dallas-based oil and natural gas company.

FAIRMOUNT MINERALS LTD.: $1.285 billion senior secured credit facility (B1/BB-); Barclays, KeyBanc, PNC and Wells Fargo; $75 million five-year revolver talked at Libor plus 400 bps to 425 bps, OID 991/2; $250 million term B-1 due March 15, 2017 talked at Libor plus 400 bps to 425 bps, OID 991/2, 101 soft call for six months; $960 million six-year term B-2 talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99, 101 soft call; help fund the acquisition of nearly all of FTS International's sand mining operations, resin-coating plants and distribution terminals, and refinance an existing credit facility; Chesterland, Ohio, producer of industrial sand.

FOGO DE CHAO (BRASA HOLDINGS INC.: $182 million first-lien term loan due July 2019 talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 993/4, 101 soft call for six months; JPMorgan; refinance existing debt; Dallas-based steakhouse chain in the United States and Brazil.

FORESIGHT ENERGY LLC: $1.1 billion senior secured credit facility (Ba3/B+); Citigroup, Morgan Stanley, JPMorgan, Deutsche Bank and Credit Agricole; $500 million five-year revolver talked at Libor plus 325 bps; $600 million seven-year covenant-light term loan talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund notes tender offer and fund dividend; St. Louis-based producer of thermal coal.

FOTOLIA LLC: $300 million of term loans; Goldman Sachs and KKR; $200 million seven-year first-lien term loan (Ba3/B) talked at Libor plus 400 bps to 425 bps, 1.25% Libor floor, OID 991/2, 101 soft call; $100 million 71/2-year euro equivalent second-lien term loan (Caa1/CCC+) talked at Euribor plus 800 bps to 825 bps, 1.25% floor, OID 99, call protection 103, 102, 101; refinance existing debt, fund a dividend and put cash on the balance sheet; New York-based provider of royalty-free images, vectors, illustrations and video footage clips.

GENESISCARE: $245 million seven-year term B (B1/B+) talked at Libor plus 450 bps to 475 bps, 1.25% Libor floor, OID 99, 101 soft call; UBS and KKR Capital; refinance existing debt and fund a dividend; Sydney, Australia, provider of cardiology, radiation oncology and sleep treatments.

GENWORTH WEALTH MANAGEMENT (AQGEN LIBERTY MANAGEMENT): $255 million credit facility (B2/B); Credit Suisse; $25 million five-year revolver; $230 million first-lien term loan due July 1, 2019 at Libor plus 550 bps, 1% Libor floor, OID 98, 101 soft call; help fund buyout by Aquiline Capital Partners LLC and Genstar Capital LLC; Richmond, Va., product provider in the wealth management industry.

KINETIC CONCEPTS INC.: $350 million add-on term loan (Ba3/BB-) at Libor plus 350 bps, 1% Libor floor, OID 99 7/8; Bank of America, Morgan Stanley and Goldman Sachs; help fund acquisition of Systagenix; San Antonio, Texas, medical technology company.

LEVEL 3 FINANCING INC.: $595.5 million senior secured term B (Ba3/BB-/BB) due 2020 at Libor plus 300 bps, 1% Libor floor; Bank of America, Citigroup, Morgan Stanley, Credit Suisse, Jefferies and JPMorgan; Broomfield, Colo., provider of fiber-based communications services.

LIVE NATION ENTERTAINMENT INC.: $1.4 billion credit facility (Ba3/BB); JPMorgan; $335 million five-year revolver; $115 million five-year term A; $950 million seven-year term B talked at Libor plus 275 bps, 0.75% Libor floor, OID 99¾ to par, 101 soft call for six months; refinance existing credit facility and general corporate purposes; West Hollywood, Calif., provider of live music concerts and live entertainment ticketing sales and marketing services.

MASHANTUCKET PEQUOT TRIBAL NATION: $275 million term B due June 30, 2020 talked at Libor plus 812.5 bps, 1.25% Libor floor, OID 98½ to 99; Bank of America and Wells Fargo; remarketing of loan used for restructuring; Mashantucket, Conn.-based owner of the Foxwoods Resort Casino.

MEI CONLUX HOLDINGS INC.: $455 million credit facility (B1/B); Goldman Sachs, Bank of America and Nomura; $60 million five-year revolver; $395 million seven-year covenant-light term loan at Libor plus 400 bps, 1% Libor floor, OID 991/2, 101 soft call; refinance existing debt; Malvern, Pa., manufacturer of electronic note acceptors, coin mechanisms and other unattended transaction systems.

MONITRONICS INTERNATIONAL INC.: $300 million incremental debt (Ba3); Bank of America, Citigroup and Credit Suisse; $225 million term loan talked at Libor plus 325 bps, 1% Libor floor, OID 991/2; $75 million add-on revolver; help fund acquisition of Security Networks LLC; Dallas-based home security alarm monitoring company.

MOXIE LIBERTY: $558 million seven-year term loan (B) ($358 million funded, $200 million delayed-draw) talked at Libor plus 650 bps, 1% Libor floor, OID 99, non-call 21/2, 102, 101; Goldman Sachs, Credit Suisse, Ares Capital and Union Bank; help fund construction of the 829 megawatt natural gas fired power plant.

MULTI PACKAGING SOLUTIONS INC.: $330 million credit facility (Ba3/B+); Barclays, Bank of America, Citigroup and UBS; $50 million five-year revolver; $280 million seven-year first-lien term B at Libor plus 325 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; help fund buyout by Madison Dearborn Partners from Irving Place Capital and refinance existing senior secured credit facility; New York-based manufacturer of printed folding cartons, labels, and inserts for customers in the health care, consumer and media end markets.

NORTHEAST WIND CAPIAL II LLC: $325 million seven-year senior secured term B (Ba3/BB-) talked at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call; Morgan Stanley, Goldman Sachs, BNP Paribas, KeyBanc and Union Bank; refinance debt; owner of a portfolio of wind projects.

NXT CAPITAL: $150 million seven-year term B (B2/BB-) talked at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; Wells Fargo, BMO and SunTrust; general corporate purposes; Chicago-based provider of structured financing services.

OCI BEAUMONT LLC: $360 million six-year term loan (B1/B) ($125 million B-1 tranche and a $235 million B-2 tranche) talked at Libor plus 525 bps to 550 bps, 1.25% Libor floor, OID 981/2, 101 soft call; Bank of America, Barclays and Citigroup; refinance existing debt; ammonia and methanol production complex in Beaumont, Texas.

PANTRY INC.: Term B talked at Libor plus 375 bps, 1% Libor floor, 101 soft call for six months; Wells Fargo; repricing; Cary, N.C., operator of a chain of convenience stores.

PHOTONIS USA PENNSYLVANIA INC.: $325 million of term loans; Credit Suisse, Societe Generale and ING; $260 million six-year covenant-light first-lien term loan (B1/B+) talked at Libor plus 500 bps, 1% Libor floor, OID 99, 101 soft call; $65 million 61/2-year covenant-light second-lien term loan (Caa1/B-) talked at Libor plus 900 bps, 1% Libor floor, OID 98, call protection 103, 102, 101; refinance existing debt; Lancaster, Pa., manufacturer of vacuum electron devices and associated RF circuits for communications, science, radar, industry & directed energy applications.

RBS GLOBAL INC. (REXNORD): $1.95 billion seven-year first-lien covenant-light term loan (B2/B+) talked at Libor plus 300 bps to 325 bps, 1% Libor floor, OID 99, 101 soft call for six months; Credit Suisse, Deutsche Bank, Goldman Sachs, Bank of America, BMO, Barclays, SMBC and Mizuho; refinance senior notes and term loan; Milwaukee, Wis., multi-platform industrial company.

RUE21 INC.: $683 million credit facility; JPMorgan, Bank of America and Goldman Sachs; $150 million five-year asset-based revolver; $533 million senior secured seven-year term B (B2/B-) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Apax Partners; Warrendale, Pa., retailer of girls and guys apparel and accessories.

SCIENTIFIC GAMES CORP.: $2.6 billion credit facility (Ba2/BB-); Bank of America, Credit Suisse and UBS; $300 million five-year revolver; $2.3 billion seven-year term loan at Libor plus 325 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; help fund acquisition of WMS Industries Inc. and refinance bank debt; New York-based provider of customized, end-to-end gaming services to lottery and gaming organizations.

SHINGLE SPRINGS TRIBAL GAMING AUTHORITY: $240 million six-year term loan (B2/B) talked at Libor plus 425 bps, 1.25% Libor floor, OID 99, 101 soft call for six months; Bank of America; refinance existing debt; El Dorado County, Calif., overseer of the operations at RedHawk Casino.

SMILE BRANDS GROUP INC.: $310 million credit facility (B1/B-); Credit Suisse, Jefferies, SunTrust and Wells Fargo; $50 million five-year revolver; $260 million six-year first-lien term loan at Libor plus 625 bps, 1.25% Libor floor, OID 98, call protection 102, 101; refinance existing debt; Irvine, Calif., provider of support services to dental offices.

SPECTRUM BRANDS INC.: Expected close Sept. 4; $1.15 billion of first-lien covenant-light term loans (B1/B+); Credit Suisse and Deutsche Bank; $850 million four-year term loan at Libor plus 225 bps, 0.75% Libor floor, OID 991/2, 101 soft call for six months; $300 million six-year term loan at Libor plus 275 bps, 0.75% Libor floor, OID 991/2, 101 soft call for six months; refinance notes; Madison, Wis., consumer products company.

SPRINGER SCIENCE + BUSINESS MEDIA: $1.591 billion seven-year covenant-light term loan (B2/B) at Libor plus 400 bps, 1% Libor floor, OID 96, 101 soft call; Credit Suisse, Goldman Sachs, JPMorgan, Barclays, Nomura and UBS; also €150 million revolver and €615 million seven-year covenant-light term loan (B2/B) at Euribor plus 425 bps, 1% floor, OID 96, 101 soft call; help fund buyout by BC Partners from EQT Partners and the Government of Singapore Investment Corp.; Berlin-based STM publisher.

SURGICAL SPECIALTIES CORP.: $120 million credit facility (B3/B); Credit Suisse; $10 million four-year revolver at Libor plus 575 bps, 1.5% Libor floor; $110 million five-year first-lien term loan at Libor plus 575 bps, 1.5% Libor floor, OID 99, soft call 102 for six months, 101 for a year; fund a return of capital; provider of disposable surgical products.

SYNAGRO TECHNOLOGIES INC.: $280 million credit facility; RBC; $65 million five-year revolver (B3) talked at Libor plus 450 bps to 475 bps, OID 99; $215 million seven-year term loan (B3/B+) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call; help fund buyout by EQT Infrastructure II; Houston-based recycler of biosolids and other organic residuals.

TELX GROUP: $379.2 million of bank debt; Morgan Stanley, Deutsche Bank and TD Securities; $20 million add-on revolver; $359.2 million term B repricing talked at Libor plus 400 bps, 1.25% Libor floor, OID 993/4, 101 soft call; New York-based provider of interconnection and colocation facilities.

TIP TRAILER SERVICES: $100 million seven-year first-lien term loan (B1/BB+) at Libor plus 550 bps, 1% Libor floor, OID 95, 101 soft call; Credit Suisse; also €203 million seven-year first-lien term loan (B1/BB+) at Euribor plus 550 bps, 1% floor, OID 95, 101 soft call, and €55 million six-year revolver (B1/BB+); help fund buyout by HNA Group Co. Ltd. from GE Capital; European provider of transport equipment leasing and rental services.

TOYS 'R' US INC.: $985 million six-year covenant-light unsecured term loan (B3/B+/BB-) at Libor plus 500 bps, 1% Libor floor, OID 99, soft call 102, 101; Goldman Sachs, Bank of America, Deutsche Bank and JPMorgan; refinance notes; Wayne, N.J., toy retailer.

TPF II: $370 million credit facility; Goldman Sachs; $20 million five-year first priority revolver (Ba3); $350 million six-year senior secured term B (B1) at Libor plus 550 bps, 1% Libor floor, OID 971/2, call protection 103, 102; repay an existing term loan, fund debt service and liquidity reserves, and pay a dividend; portfolio of two natural gas fired simple-cycle power generation projects.

TRIPLE POINT GROUP HOLDINGS INC.: $475 million credit facility; Credit Suisse; $40 million revolver (B2); $310 million seven-year first-lien covenant-light term loan (B2) at Libor plus 425 bps, 1% Libor floor, OID 951/2, 101 soft call for six months; $125 million eight-year second-lien covenant-light term loan (Caa2) at Libor plus 825 bps, 1% Libor floor, OID 94, call protection 102, 101; help fund buyout by Ion Investment Group; Westport, Conn., provider of software for end-to-end commodity management.

UNITED STATES INFRASTRUCTURE CORP.: $670 million credit facility; Deutsche Bank, GE Capital and RBC; $75 million revolver (B2/B); $430 million covenant-light first-lien term loan (B2/B) at Libor plus 375 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; $165 million second-lien term loan (Caa2/CCC+) that was privately placed; help fund buyout by Leonard Green & Partners LP from OMERS Private Equity; Indianapolis-based provider of outsourced utility locating services.

U.S. RENAL CARE INC.: $797 million of term loans; Barclays, RBC, Goldman Sachs and SunTrust; $637 million first-lien term loan (Ba3/B) (including $335 million incremental) due July 3, 2019 at Libor plus 425 bps, step-down to Libor plus 400 bps at 5x total net opco leverage, 1% Libor floor, OID 99 on incremental, 101 soft call; $160 million incremental second-lien term loan (B3/CCC+) due Jan. 3, 2020 at Libor plus 750 bps, 1% Libor floor, OID 98, non-call one, 102, 101; fund acquisition of Ambulatory Services of America Inc.; Plano, Texas, developer, acquirer and operator of outpatient treatment centers for persons suffering from chronic kidney failure.

VANTAGE PIPELINE: $240 million credit facility (Ba2/BB-); RBC and TD Securities; $15 million revolver; $225 million term B at Libor plus 300 bps, 1% Libor floor, OID 991/2, 101 soft call; fund the construction of the high vapour pressure pipeline carrying ethane from North Dakota to Canada.

WAVEDIVISION HOLDINGS LLC: New credit facility; Wells Fargo, RBC, Deutsche Bank and SunTrust; term B talked at Libor plus 275 bps, 0.75% Libor floor, 101 soft call for six months; revolver talked at Libor plus 375 bps; repricing; Kirkland, Wash., owner and operator of broadband cable systems.

YONKERS RACING CORP.: $315 million of new term loans; JPMorgan; $245 million first-lien term loan (Ba3/BB-) at Libor plus 325 bps, 1% Libor floor, OID 991/2, 101 soft call protection for six months; $70 million second-lien term loan (B3/B-) at Libor plus 750 bps, 1.25% Libor floor, OID 99, call protection 103, 102, 101; redeem notes; owner and operator of a gaming and entertainment facility comprised of Empire City Casino and Yonkers Raceway.

ZEST ANCHORS INC.: $260 million credit facility; Deutsche Bank, Fifth Third and RBS Citizens; $20 million revolver (B2/B); $160 million seven-year first-lien term loan (B2/B) at Libor plus 550 bps, 1% Libor floor, OID 98, 101 soft call; $80 million second-lien term loan; help fund buyout by Avista Capital Partners from the Jordan Co.; Escondido, Calif., manufacturer and distributor of dental products for the treatment of edentulous patients.

On The Horizon

ACTIVISION BLIZZARD INC.: $2.5 billion senior secured credit facility; Bank of America and JPMorgan; $250 million five-year revolver expected at Libor plus 250 bps, 37.5 bps unused fee; $2.25 billion seven-year covenant-light term B expected at Libor plus 275 bps, 0.75% Libor floor, 101 soft call for six months; help fund stock buyback from Vivendi; Santa Monica Calif., interactive entertainment publishing company.

APOLLO TYRES: $500 million asset-based revolver; Morgan Stanley, Deutsche Bank, Standard Chartered and Goldman Sachs; help fund acquisition of Cooper Tire & Rubber Co.; India-based tire company.

ARDMORE SHIPPING CORP.: Up to $235 million credit facility; for unfunded expenditure on the vessels on order in the company's initial fleet and to purchase its expansion fleet; in connection with IPO; Ireland-based provider of seaborne transportation of petroleum products and chemicals.

CECO ENVIRONMENTAL CORP.: $155 million senior secured credit facility; Bank of America; $90 million revolver; $65 million term loan; help fund acquisition of Met-Pro Corp., repay existing debt and working capital; Cincinnati-based provider of air pollution control technology.

COMMUNITY HEALTH SYSTEMS INC.: $2.26 billion in 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.

DELL INC.: $7.5 billion credit facility; Barclays, Credit Suisse, Bank of America and RBC; $4 billion 61/2-year covenant-light term B expected at Libor plus 350 bps, 1% Libor floor; $1.5 billion five-year covenant-light term C expected at Libor plus 300 bps, 1% Libor floor; $2 billion asset-based revolver expected at Libor plus 175 bps; help fund buyout by Michael Dell, founder, chairman and chief executive officer, and Silver Lake Round Rock, Texas, provider of technology and business services.

DOLE FOOD CO.: $825 million senior secured credit facility; Deutsche Bank, Bank of America and Scotia Capital; $150 million five-year ABL revolver expected at Libor plus 175 bps, 37.5 bps unused fee; $675 million seven-year covenant-light term B expected at Libor plus 375 bps, 1% Libor floor, 101 soft call; help fund acquisition by chairman and chief executive officer David H. Murdock; Westlake Village, Calif., fruit and vegetables company.

ENVISION PHARMACEUTICAL HOLDINGS INC.: New debt financing; JPMorgan, Bank of America and Credit Suisse; help fund buyout by TPG; Twinsburg, Ohio, full-service pharmacy benefit management company.

EXTREME REACH INC.: New debt; JPMorgan and SunTrust; help fund acquisition of the TV business of Digital Generation Inc.; Needham, Mass., video platform for integrated TV, online and mobile advertising.

FIELDWOOD ENERGY LLC: New debt financing; Citigroup, JPMorgan, Deutsche Bank, Bank of America and Goldman Sachs; help fund acquisition of Apache Corp.'s Gulf of Mexico Shelf business; Houston-based acquirer and developer of conventional oil and gas assets.

HUB INTERNATIONAL LTD.: New debt financing; Bank of America, Morgan Stanley and RBC; help fund buyout by Hellman & Friedman LLC and refinance existing debt; Chicago-based insurance brokerage.

HUDSON'S BAY CO.: Roughly $3.6 billion senior secured credit facility; Bank of America and RBC; $1.9 billion term B; $950 million ABL revolver; C$750 million ABL revolver; help fund acquisition of Saks Inc. and refinance some debt; Ontario-based operator of department stores.

INTUIT FINANCIAL SERVICES: New debt financing; Jefferies; help fund already completed buyout by Thoma Bravo from Intuit Inc.; Woodland Hills, Calif., provider of online and mobile banking software to financial institutions.

KEYNOTE SYSTEMS INC.: $185 million senior secured credit facility; Ares Capital; $10 million revolver; $175 million term loan; help fund buyout by Thoma Bravo LLC; San Mateo, Calif., Internet and mobile cloud testing & monitoring company.

NIELSEN HOLDINGS NV: New debt financing; JPMorgan; fund acquisition of Arbitron Inc.; New York and Netherlands-based provider of information and insights into what consumers watch and buy.

OCI PARTNERS LP: $235 million 61/2-year senior secured term B; Bank of America; repay term B-2 in connection with initial public offering of common units; Nederland, Texas, methanol and ammonia company.

PENN NATIONAL GAMING INC. and PROPCO: New credit facilities; in connection with spinoff of Penn National's gaming operating assets and real estate assets; refinance existing debt; Wyomissing, Pa., owner and operator of gaming and racing facilities.

PINNACLE FOODS: $550 million incremental term loan; Bank of America; help fund acquisition of the Wish-Bone salad dressings business from Unilever plc; Parsippany, N.J., manufacturer and distributor of branded packaged foods.

PRA INTERNATIONAL: New debt; UBS, Credit Suisse, Jefferies and KKR Capital; help fund buyout by KKR from Genstar Capital LLC; Raleigh, N.C., contract research organization.

SINCLAIR BROADCAST GROUP INC.: New debt financing; help fund purchase of Fisher Communications Inc. and/or Perpetual Corporation and Charleston Television LLC; Hunt Valley, Md., television broadcasting company.

SPARTAN STORES: $1 billion five-year senior secured credit facility; Wells Fargo and Bank of America; $900 million revolver; $40 million first-in last-out revolver; $60 million term loan expected at Libor plus 550 bps; refinance debt in connection with merger with Nash Finch Co.; Grand Rapids, Mich., grocery distributor.

STEINWAY MUSICAL INSTRUMENTS INC.: New debt financing; Bank of America and Deutsche Bank; help fund buyout by Paulson & Co. Inc.; Waltham, Mass., musical instruments company.

TENET HEALTHCARE INC.: $1.8 billion senior secured term loan; Bank of America; help fund acquisition of Vanguard Health Systems Inc.; Dallas-based health care services company.

TRIBUNE CO.: $4.1 billion senior secured credit facility; JPMorgan, Bank of America, Citigroup, Deutsche Bank and Credit Suisse; includes $300 million revolver; help fund acquisition of Local TV Holdings LLC from Oak Hill Capital Partners and refinance existing debt; Chicago-based multimedia company.

XPO LOGISTICS INC.: $195 million in term loans; Credit Suisse and Morgan Stanley; $140 million first-lien term loan; $55 million second-lien term loan; help fund acquisition of 3PD Inc.; Greenwich, Conn., provider of transportation logistics services and expedited transportation 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.