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 2/5/2014 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $42.5845 billion deals being marketed

February Bank Meetings

ACCELLENT INC.: Bank meeting Feb. 11; $1.13 billion credit facility; UBS (left on first-lien), Goldman Sachs (left on second-lien) and KKR Capital; $75 million five-year revolver; $795 million seven-year first-lien term loan, 1% Libor floor; $260 million eight-year second-lien term loan, 1% Libor floor; help fund acquisition of Lake Region Medical and refinance existing debt; Wilmington, Mass., provider of fully integrated outsourced manufacturing and engineering services to the medical device industry.

APTEAN HOLDINGS INC.: Bank meeting Feb. 6; $440 million senior secured credit facility; Morgan Stanley, BMO and SunTrust; $25 million revolver; $315 million first-lien term loan; $100 million second-lien term loan; Atlanta-based provider of enterprise application software.

DEALERTRACK TECHNOLOGIES: Bank meeting Feb. 6; $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.

FIELDWOOD ENERGY LLC: Conference call Feb. 10; new loan; Citigroup, JPMorgan, Deutsche Bank, Bank of America and Goldman Sachs; help fund acquisition of SandRidge Energy Inc.'s Gulf of Mexico and Gulf Coast business; Houston-based acquirer and developer of conventional oil and gas assets.

Upcoming Closings

ADS WASTE HOLDINGS INC.: $1.782 billion covenant-light term loan due October 2019 talked at Libor plus 275 bps, 0.75% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; Jacksonville, Fla., provider of integrated, non-hazardous solid waste collection, transfer, recycling and disposal services.

AEGIS TOXICOLOGY CORP.: $333 million senior credit facility; Morgan Stanley, SunTrust and Fifth Third; $40 million five-year revolver (B1/B); $195 million first-lien seven-year term B (B1/B) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $98 million 71/2-year second-lien term loan (Caa1/CCC+) talked at Libor plus 850 bps to 875 bps, 1% Libor floor, OID 981/2, call protection 102, 101; help fund buyout by ABRY Partners; Nashville, Tenn., forensic toxicology and health care sciences laboratory.

ALLIED SECURITY HOLDINGS LLC (ALLIEDBARTON): $1.21 billion in term loans; Credit Suisse, HSBC, Natixis and SMBC; $840 million seven-year first-lien covenant-light term loan (including $220 million delayed-draw) (B1/B) talked at Libor plus 350 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; $365 million 71/2-year second-lien covenant-light term loan (including $100 million delayed-draw) (Caa1/CCC+) talked at Libor plus 725 bps, 1% Libor floor, OID 99, call protection 102, 101; refinance existing debt, fund a dividend and finance a potential acquisition; Conshohocken, Pa., provider of security officer services.

ANAREN INC.: $235 million senior secured credit facility; Credit Suisse; $20 million revolver (B2/B+); $145 million seven-year first-lien term loan (B2/B+) talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call; $70 million 71/2-year covenant-light second-lien term loan (Caa2/CCC+) talked at Libor plus 825 bps, 1% Libor floor, OID 99, call protection 103, 102, 101; 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.

APPLIED SYSTEMS INC.: $1.145 billion credit facility; Credit Suisse, Deutsche Bank, Jefferies and UBS; $50 million revolver (B1/B+); $700 million seven-year first-lien covenant light term loan (B1/B+) at Libor plus 325, step-down to Libor plus 300 bps at 4.25x first-lien leverage, 1% Libor floor, OID 993/4, 101 soft call for six months; $395 million eight-year second-lien covenant-light term loan (Caa2/CCC+) at Libor plus 650 bps, 1% Libor floor, OID 991/4, call protection 102, 101; help fund buyout by Hellman & Friedman LLC from Bain Capital; University Park, Ill., provider of software for the insurance industry.

ARDAGH GROUP: $700 million covenant-light term B (B+) due Dec. 17, 2019 at Libor plus 300 bps, 1% Libor floor, OID 993/4, 101 soft call for six months; Citigroup; help fund acquisition of Verallia North America; Dublin-based supplier of glass and metal packaging.

ARDEN GROUP INC.: $180 million senior secured credit facility; BMO; $30 million five-year revolver; $150 million six-year term B talked at Libor plus 375 bps, 1% Libor floor, OID 99; help fund buyout by TPG; Compton, Calif., operator of specialty grocery stores.

ATLANTIC POWER LP: $800 million senior secured credit facility (Ba3/B+); Goldman Sachs and Bank of America on term loan, Goldman Sachs, Bank of America, RBC and Union Bank on revolver; $200 million four-year revolver; $600 million seven-year term B talked at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call; refinance some existing debt, ongoing working capital needs and general corporate purposes, support collateral support obligations to contract counterparties and fund a debt service reserve; power generation company.

ATRIUM INNOVATIONS: $700 million credit facility; RBC, Deutsche Bank, National Bank Financial Markets, Toronto-Dominion Bank; $75 million five-year revolver (B2/B); $350 million seven-year first-lien term loan (B2/B) at Libor plus 325 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; $125 million equivalent seven-year euro first-lien term loan (B2/B) at Euribor plus 350 bps, 1% floor, OID 991/2, 101 soft call for six months; $150 million 71/2-year second-lien term loan (Caa2/CCC+) at Libor plus 675 bps, 1% Libor floor, OID 991/2, call protection 102, 101; help fund buyout by Permira Advisers; Quebec-based dietary supplements developer and manufacturer.

BOB'S DISCOUNT FURNITURE: $300 million senior secured credit facility; RBC and UBS; $40 million asset-based revolver; $180 million first-lien term loan (B2/B) at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; $80 million second-lien term loan (Caa1/CCC+) at Libor plus 800 bps, 1% Libor floor, OID 98, call protection 102, 101; help fund buyout by Bain Capital; Manchester, Conn., retailer of furniture and bedding.

CARAUSTAR INDUSTRIES INC.: $80 million first-lien tack-on covenant-light term loan (B2) due May 2019 talked at Libor plus 625 bps, 1.25% Libor floor, OID 99, call protection 102 through May 1, 2014, 101; Credit Suisse, Goldman Sachs and Jefferies; fund a dividend; Austell, Ga., manufacturer of recycled paperboard products and packaging.

CARECORE NATIONAL LLC: $390 million credit facility (B2/B); RBC, Fifth Third and GE Capital; $75 million revolver talked at Libor plus 450 bps to 475 bps; $315 million term loan talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by General Atlantic LLC; Bluffton, S.C., provider of specialty benefits management services to managed care organizations, self-insured entities, and risk-bearing provider organizations.

CARIBBEAN RESTAURANTS LLC: $205 million credit facility; Jefferies; $15 million revolver (Caa1/B-); $140 million five-year first-lien term loan (Caa1/B-) talked at Libor plus 775 bps, 1% Libor floor, OID 99, 101 soft call; $50 million 51/2-year second-lien term loan (Caa3/CCC) talked at Libor plus 1,100 bps cash plus 6% PIK, 1% Libor floor, OID 98, non-call three, 106, 103; refinance existing debt; operator of Burger King restaurants in Puerto Rico.

CEC ENTERTAINMENT INC.: $875 million credit facility (B1/B); Deutsche Bank, Morgan Stanley, UBS and Credit Suisse; $150 million five-year revolver expected at Libor plus 325 bps, 50 bps unused fee; $725 million seven-year covenant-light term B talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; help fund buyout by Apollo Global Management LLC; Irving, Texas, operator of Chuck E. Cheese's family dining and entertainment stores.

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.

CHRYSLER GROUP LLC: Expected close Feb. 7; $2 billion of senior secured term loans (Ba1/BB+); JPMorgan, Bank of America, Barclays, Citigroup, Goldman Sachs, Morgan Stanley and UBS; $250 million add-on term loan due May 2017 at Libor plus 275 bps, 0.75% Libor floor, OID 99 7/8; $1.75 billion term loan due December 2018 at Libor plus 250 bps, 0.75% Libor floor, OID 991/2, 101 soft call for six months; help repay unsecured note issued to the VEBA Trust; Auburn Hills, Mich., automotive company.

CLONDALKIN GROUP HOLDINGS BV: Roughly $360 million first-lien term loan due 2020 talked at Libor plus 350 bps to 375 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; Amsterdam-based provider of packaging products and services.

CONSOLIDATED AEROSPACE MANUFACTURING LLC: $250 million senior secured credit facility; RBS Citizens; $25 million five-year revolver; $225 million six-year term loan talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; fund an acquisition; manufacturer of fittings, hardware and fastening solutions for the aircraft and aerospace industries.

CONVERGYS CORP.: $650 million credit facility (Ba1/BB+); Citigroup and Bank of America; $350 million five-year term A talked at Libor plus 175 bps; $300 million revolver talked at Libor plus 175 bps; help fund acquisition of Stream Global Services Inc.; Cincinnati-based provider of customer management services.

DAE AVIATION HOLDINGS INC.: Roughly $840 million of term loans; Barclays, Bank of America and Goldman Sachs; $250 million second-lien term loan (Caa2/CCC) at Libor plus 675 bps, 1% Libor floor, OID 99, call protection 102, 101; roughly $590 million first-lien term loan (B2/B-) due Nov. 2, 2018 at Libor plus 400 bps, 1% Libor floor, OID 993/4, 101 soft call for six months; refinance notes and reprice existing first-lien term loan; aircraft MRO provider.

DIAMOND FOODS INC.: $540 million senior secured credit facility; Credit Suisse, Wells Fargo, Barclays, BMO and SunTrust; $125 million asset-based revolver due 2018; $415 million 41/2-year first-lien covenant-light term loan (B2/B-) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; refinance existing debt; San Francisco-based packaged food company.

EXTREME REACH INC.: $495 million credit facility; JPMorgan and SunTrust; $30 million five-year revolver; $300 million six-year first-lien term B at Libor plus 575 bps, 1% Libor floor, OID 981/2, 101 soft call; $165 million seven-year second-lien term loan at Libor plus 950 bps, 1% Libor floor, OID 98, 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.

HYLAND SOFTWARE INC.: $435 million seven-year first-lien covenant-light term loan (B2/B) talked at Libor plus 375 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; Credit Suisse and Jefferies; refinance existing debt and fund a dividend; Westlake, Ohio, enterprise content-management software developer.

IKARIA INC.: $1.27 billion credit facility; Credit Suisse, Barclays, Goldman Sachs and Morgan Stanley; $50 million revolver (B1/B-); $890 million seven-year covenant-light first-lien term loan (B1/B-) at Libor plus 400 bps, step-down to Libor plus 375 bps at less than 2.75x first-lien leverage, 1% Libor floor, OID 991/2, 101 soft call for six months; $330 million eight-year covenant-light second-lien term loan (Caa1/CCC) at Libor plus 775 bps, 1% Libor floor, OID 991/4, call protection 102, 101; help fund buyout by Madison Dearborn Partners; Hampton, N.J., critical care company.

INC RESEARCH LLC: $295 million term loan (B+) talked at Libor plus 325 bps to 350 bps, 1% Libor floor, 101 soft call for six months; JPMorgan; repricing; Raleigh, N.C., therapeutically focused contract research organization.

INEOS: Roughly $3.742 billion of senior secured covenant-light term loans due May 4, 2018; Barclays and Bank of America; $2.607 billion term loan talked at Libor plus 250 bps to 275 bps, 0.75% Libor floor, 101 soft call for six months; €841 million term loan talked at Euribor plus 275 bps to 300 bps, 0.75% floor, 101 soft call for six months; repricing; Switzerland-based manufacturer of petrochemicals, specialty chemicals and oil products.

IQOR US INC.: Up to $950 million senior secured credit facility; Morgan Stanley, Credit Suisse and GE Capital; $100 million revolver (B2/B); up to $630 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call; up to $220 million eight-year covenant-light second-lien term loan (Caa2/CCC+) talked at Libor plus 850 bps to 875 bps, 1% Libor floor, OID 981/2, call protection 102, 101; fund the acquisition of the aftermarket services business of Jabil Circuit Inc.; New York-based provider of business process outsourcing services.

JLL/DELTA PATHEON HOLDINGS LP: $1.525 billion-equivalent credit facility (B2/B); UBS, JPMorgan, Jefferies, KeyBanc and Morgan Stanley; $200 million five-year revolver; $985 million seven-year term B at Libor plus 325 bps, 1% Libor floor, OID 993/4, 101 soft call for six months; €250 million seven-year term B at Euribor plus 350 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; 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.

KRONOS WORLDWIDE INC.: $275 million six-year term B (B1/B+) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99, call protection 102, 101; Deutsche Bank; refinance existing debt; Dallas-based producer of titanium dioxide pigments.

MERGERMARKET USA INC.: $419.5 million credit facility; UBS, Mizuho and HSBC; $40 million five-year revolver (B2/B); $273 million seven-year first-lien term loan (B2/B) at Libor plus 350 bps, 1% Libor floor, OID 993/4, 101 soft call for six months; $106.5 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 650 bps, 1% Libor floor, OID 991/2, call protection 102, 101; help fund buyout by BC Partners from Pearson plc; provider of corporate financial news, intelligence and analysis with headquarters in New York, London and Hong Kong.

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.

OCEANIA CRUISES: $249 million term B (B+) due July 2020 at Libor plus 425 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; Miami-based upper premium cruise line.

OCWEN FINANCIAL CORP.: $2.2 billion of term loans (B1); Wells Fargo, Barclays, JPMorgan and Bank of America; $1.5 billion seven-year term loan talked at Libor plus 325 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; $700 million seven-year final maturity delayed-draw term loan talked at Libor plus 325 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; refinance existing debt and fund the acquisition of residential mortgage servicing rights on a portfolio from Wells Fargo Bank; Atlanta-based financial services holding company that is engaged in the servicing and origination of mortgage loans.

PAR PHARMACEUTICAL COS. INC.: $1.45 billion term loan (including $395 million add-on) (B1/B) due September 2019 at Libor plus 300 bps, 1% Libor floor, OID 99¾ on add-on, 101 soft call for six months; Bank of America and Goldman Sachs; repricing and help fund acquisition of JHP Group Holdings; Woodcliff Lake, N.J., specialty pharmaceutical company.

PEROXYCHEM: $155 million credit facility (B2/B+); Macquarie; $20 million five-year revolver; $135 million six-year first-lien term loan at Libor plus 650 bps, 1% Libor floor, OID 98, 101 soft call; help fund buyout of FMC Corp.'s Peroxygens business by One Equity Partners; supplier of hydrogen peroxide, persulfate products, peracetic acid and other eco-friendly specialty oxidants.

REGENT SEVEN SEAS CRUISES: $246 million term B at Libor plus 275 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; Miami-based cruise ship company.

ROUNDY'S SUPERMARKETS INC.: $460 million seven-year first-lien covenant-light tem loan (B1/B) talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; Credit Suisse, JPMorgan, Bank of America and BMO; refinance an existing loan; Milwaukee-based supermarket chain.

SBA COMMUNICATIONS CORP.: $1.5 billion seven-year incremental senior secured term loan B (BB) at Libor plus 250 bps, 0.75% Libor floor, OID 993/4, 101 soft call for six months; Citigroup. Barclays, Deutsche Bank, JPMorgan, TD Securities, RBS and Wells Fargo; fund acquisition of 2,007 wireless sites in Brazil from Oi SA, refinance existing term B debt and general corporate purposes; Boca Raton, Fla., first choice provider and owner and operator of wireless communications infrastructure.

SEADRILL LTD: $1.8 billion credit facility; Deutsche Bank, Barclays, Credit Suisse and RBC; $1.7 billion seven-year term B (Ba3) talked at Libor plus 300 bps to 325 bps, 1% Libor floor, OID 99, 101 soft call; $100 million first-out senior secured revolver (Baa3); refinance existing debt and general corporate purposes; Oslo-based provider of offshore drilling services to the oil and gas industry.

SEDGWICK INC.: $1.655 billion credit facility; UBS (left on first-lien), Deutsche Bank (left on second-lien), KKR, Mizuho and Morgan Stanley; $125 million five-year revolver; $1.02 billion seven-year first-lien term loan talked at Libor plus 325 bps, 1% Libor floor, OID 991/2; $510 million eight-year second-lien term loan talked at Libor plus 675 bps, 1% Libor floor, OID 99; help fund buyout by KKR and management from Hellman & Friedman LLC and Stone Point Capital LLC; Memphis, Tenn., provider of technology-enabled claims and productivity management 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 seven-year covenant-light term loan (Ba3/BB+) at Libor plus 250 bps, step-down to Libor plus 225 bps when net leverage is less than 2x, 0.75% Libor floor, OID 993/4, 101 soft call for six months; help fund acquisition of Coleman Cable Inc.; Carrollton, Ga., wire and cable producer.

SS&C TECHNOLOGIES HOLDINGS INC.: $216 million term A due September 2017 talked at Libor plus 200 bps; Deutsche Bank; repricing; Windsor, Conn., provider of financial services software and software-enabled services.

SUNSOURCE (STS OPERATING INC.): $280 million senior secured credit facility (B2/B); Barclays and Jefferies; $25 million five-year revolver; $255 million seven-year first-lien term loan talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; refinance existing debt and fund a one-time dividend; fluid power and motion-control technologies provider.

VIVA ALAMO LLC: $550 million senior secured credit facility (B1); Citigroup and Deutsche Bank; $50 million five-year revolver; $500 million seven-year covenant-light term B talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Blackstone from Direct Energy; operator of gas-fired power stations.

VOGUE INTERNATIONAL: $445 million credit facility (B/BB+); Goldman Sachs and Bank of America; $30 million revolver; $415 million term loan talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by the Carlyle Group; Tampa Bay, Fla., manufacturer and distributor of salon-heritage hair care and other personal care products.

YP LLC: $200 million add-on term B (B2) talked at Libor plus 675 bps, 1.25% Libor floor, OID 991/2; JPMorgan; fund a dividend; Tucker, Ga., provider of local business print, online and mobile directory services.

YRC WORLDWIDE INC.: $1.15 billion credit facility; Credit Suisse; $450 million ABL revolver; $700 million five-year senior secured term loan (Ba3/CCC+) talked at Libor plus 675 bps, 1% Libor floor, OID 99, 101 soft call; refinance existing bank debt; Overland Park, Kan., less-than-truckload carrier.

ZIGGO: $2.35 billion senior secured term B (Ba3/BB-) due Jan. 15, 2022 at Libor plus 275 bps, 0.75% Libor floor, OID 993/4, 101 soft call for six months; Credit Suisse, Bank of America, ABN Amro, Credit Agricole, Deutsche Bank, HSBC, ING, JPMorgan, Morgan Stanley, Nomura, Rabobank, Scotiabank and Societe Generale; also €2 billion senior secured term B (Ba3/BB-) due Jan. 15, 2022 at Euribor plus 300 bps, 0.75% floor, OID 993/4, 101 soft call for six months; refinance existing debt and help fund buyout by Liberty Global plc; Utrecht, the Netherlands, provider of entertainment, information and communication through television, internet and telephony services.

On The Horizon

AMERICAN PACIFIC CORP.: $355 million senior secured credit facility; Jefferies; $25 million 41/2-year revolver; $330 million five-year term loan; help fund buyout by H.I.G. Capital LLC; Las Vegas-based custom manufacturer of fine chemicals and specialty chemicals.

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.

ENTEGRIS INC.: $545 million senior secured credit facility; Goldman Sachs; $85 million asset-based revolver; $460 million covenant-light term B; help fund acquisition of ATMI Inc.; Billerica, Mass., provider of products for purifying, protecting and transporting critical materials used in processing and manufacturing in semiconductor and other high-tech industries.

JONES APPAREL: $200 million senior secured credit facility; Wells Fargo and Bank of America leading revolver, Wells Fargo leading term loan; $175 million asset-based revolver; $25 million term loan; help fund buyout by Sycamore Partners; apparel company.

JONES GROUP INC.: $650 million senior secured credit facility; Wells Fargo and Bank of America leading revolver, Morgan Stanley, Jefferies and MCS leading term loan; $250 million asset-based revolver; $400 million term loan; help fund buyout by Sycamore Partners; New York-based designer, marketer and wholesaler of apparel, footwear, jeanswear, jewelry and handbags.

ORTHO-CLINICAL DIAGNOSTICS: New debt financing; Barclays, Goldman Sachs, Credit Suisse, UBS and Nomura; help fund buyout by Carlyle Group from Johnson & Johnson; Raritan, N.J., provider of solutions for screening, diagnosing, monitoring and confirming diseases.

RCS CAPITAL CORP.: $725 million senior secured credit facility; Barclays and Bank of America; $25 million revolver; $550 million first-lien term loan; $150 million second-lien term loan; help fund acquisition of Cetera Financial Group from Lightyear Capital; New York-based holding company that operates and grows businesses focused on the financial services industry.

STUART WEITZMAN: $255 million senior secured credit facility; Wells Fargo leading revolver, Jefferies and MCS leading term loan; help fund buyout by Sycamore Partners; apparel company.

UPPER PENINSULA POWER CO.: New debt financing; Scotia Bank and RBC; help fund buyout by Balfour Beatty Infrastructure Partners LP from Integrys Energy Group Inc.; regulated electric utility business.

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.

WESCO AIRCRAFT HOLDINGS INC.: $525 million term B; Bank of America; help fund acquisition of Haas Group Inc.; Valencia, Calif., provider of comprehensive supply chain management services to the aerospace industry.

XPO LOGISTICS INC.: $325 million of senior secured term loans; Credit Suisse; $250 million first-lien term loan; $75 million second-lien term loan; help fund acquisition of Pacer International Inc. and general corporate purposes; Greenwich, Conn., provider of transportation logistics 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.