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 2/19/2014 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $46.9085 billion deals being marketed

February Bank Meetings

CENGAGE LEARNING ACQUISITIONS INC.: Bank meeting Feb. 20; $1.95 billion credit facility; Credit Suisse, Deutsche Bank, Morgan Stanley, Citigroup and KKR; $200 million ABL revolver; $1.75 billion six-year first-lien covenant-light term loan talked at Libor plus 700 bps, 1% Libor floor, OID 99; exit financing; Stamford, Conn., provider of teaching, learning and research services.

COINMACH CORP.: Conference call Feb. 20; $125 million incremental covenant-light first-lien term loan due November 2019 talked at Libor plus 325 bps, 1% Libor floor, 101 soft call protection until July 2014; Deutsche Bank and Morgan Stanley; refinance some second-lien term loan; laundry equipment service provider.

MALLINCKRODT PLC: Bank meeting Feb. 20; $1.55 billion credit facility; Deutsche Bank; $250 million five-year revolver $1.3 billion seven-year covenant-light term B; help fund acquisition of Cadence Pharmaceuticals Inc.; Dublin-based specialty pharmaceutical and medical imaging company.

PETROLEUM GEO-SERVICES ASA: Bank meeting Feb. 21; $400 million term B; Barclays, BNP Paribas, JPMorgan and RBS; amend and extend existing senior secured term B; Oslo, Norway, marine seismic survey and data processing company.

RENT-A-CENTER INC.: Bank meeting Feb. 20; $850 million senior credit facility; JPMorgan; $350 million term loan; $500 million revolver; refinance existing credit facility; Plano, Texas, rent-to-own operator.

Upcoming Closings

ACCELLENT INC.: $1.13 billion credit facility; UBS (left on first-lien), Goldman Sachs (left on second-lien) and KKR Capital; $75 million five-year revolver (B2/B); $795 million seven-year first-lien term loan (B2/B) talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; $260 million eight-year second-lien term loan (Caa2/CCC+) talked at Libor plus 725 bps to 750 bps, 1% Libor floor, OID 99, call protection 102, 101; 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.

ACOSTA SALES & MARKETING: $340 million covenant-light add-on term loan due March 2018 talked at Libor plus 325 bps, 1% Libor floor, OID 991/2; Goldman Sachs, Barclays and Bank of America; help fund acquisition of Anderson Daymon Worldwide; Jacksonville, Fla., full-service sales and marketing agency in the consumer packaged goods industry.

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.

ALLIANCE LAUNDRY HOLDINGS LLC: $230 million incremental first-lien term loan talked at Libor plus 325 bps, 1.25% Libor floor, OID 993/4; BMO and Bank of America; help fund acquisition of Primus Laundry Equipment Group; Ripon, Wis., designer, manufacturer and marketer of commercial laundry equipment.

AMERICAN CAPITAL LTD.: $450 million term B (BB-) talked at Libor plus 250 bps to 275 bps, 0.75% Libor floor, OID 993/4, 101 soft call for six months; JPMorgan; refinance existing term B; Bethesda, Md., private equity firm and global asset manager.

AMERICAN PACIFIC CORP.: $365 million senior secured credit facility; Jefferies and Credit Suisse; $35 million 41/2-year revolver; $330 million five-year term B talked at Libor plus 600 bps to 650 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by H.I.G. Capital LLC; Las Vegas-based custom manufacturer of fine chemicals and specialty chemicals.

APTEAN HOLDINGS INC.: $440 million senior secured credit facility; Morgan Stanley, BMO and SunTrust; $25 million revolver (B2/B+); $315 million first-lien term loan (B2/B+) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99 to 991/2, 101 soft call for six months; $100 million second-lien term loan (Caa2/CCC+) talked at Libor plus 700 bps to 725 bps, 1% Libor floor, OID 98½ to 99, call protection 102, 101; refinance existing debt and fund a dividend; Atlanta-based provider of enterprise application software.

ARCTIC GLACIER LLC: $279 million first-lien covenant-light term loan due May 2019 talked at Libor plus 400 bps, 1% Libor floor, 101 soft call for six months; Credit Suisse; repricing; Winnipeg-based manufacturer and distributor of packaged ice.

ASPEN DENTAL MANAGEMENT INC.: $370 million credit facility (B2/B); GE Capital, Jefferies and UBS; $40 million five-year revolver talked at Libor plus 475 bps, 50 bps undrawn fee; $330 million six-year covenant-light term B talked at Libor plus 475 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; refinance existing debt; East Syracuse, N.Y., provider of denture and dental care services.

ASURION LLC: $2.25 billion of covenant-light term loans; Bank of America, Morgan Stanley, Deutsche Bank, Barclays, Credit Suisse and Goldman Sachs; $300 million add-on term B-1 (B) due May 2019 talked at Libor plus 375 bps, 1.25% Libor floor, OID 99 to 991/2, 101 soft call; $250 million three-year term B-3 (B) talked at Libor plus 300 bps, 0.75% Libor floor, OID 991/2, 101 soft call; $1.7 billion seven-year second-lien term loan (CCC+) talked at Libor plus 750 bps to 800 bps, 1% Libor floor, OID 98, non-call one, 103, 101; refinance existing debt and fund a dividend; Nashville-based provider of technology protection services.

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.

BARBRI: $286 million credit facility; GE Capital; $30 million revolver due July 2018 talked at Libor plus 350 bps, 1% Libor floor; $256 million term B due July 2019 talked at Libor plus 350 bps, 1% Libor floor, OID 99½ on new money; 101 soft call for six months; repricing; Dallas-based provider of bar review courses and law student support.

BELLISIO FOODS INC.: $328 million credit facility; GE Capital; $30 million revolver due August 2018 talked at Libor plus 325 bps to 350 bps, 1% Libor floor; $278 million term loan due August 2019 talked at Libor plus 325 bps to 350 bps, 1% Libor floor, 101 soft call for six months; $20 million Canadian equivalent term loan due August 2019 talked at Libor plus 325 bps to 350 bps, 1% Libor floor, 101 soft call for six months; repricing; Duluth, Minn., food company.

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; $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.

CALPINE CONSTRUCTION FINANCE CO.: $375 million add-on term B-2 due Jan. 31, 2022 talked at Libor plus 250 bps, 0.75% Libor floor, OID 98½ to 99; Bank of America, Goldman Sachs, Morgan Stanley, Credit Suisse, Union Bank and UBS; help fund acquisition of power plant in Guadalupe County; Houston-based power producer.

CARECORE NATIONAL LLC: $390 million credit facility (B2/B); RBC, Fifth Third and GE Capital; $75 million revolver at Libor plus 450 bps; $315 million term loan at Libor plus 450 bps, 1% Libor floor, OID 991/2, 101 soft call; 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.

C.H.I. OVERHEAD DOORS INC.: $70 million add-on term B due March 2019 talked at Libor plus 425 bps, 1.25% Libor floor, OID 991/2; GE Capital; fund a dividend; Arthur, Ill., manufacturer of residential, commercial and rolling steel overhead garage doors.

CONSOLIDATED AEROSPACE MANUFACTURING LLC: $250 million senior secured credit facility; RBS Citizens; $25 million five-year revolver; $225 million six-year term loan at Libor plus 400 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.

DEALERTRACK TECHNOLOGIES: $775 million senior secured credit facility (Ba2/BB-); JPMorgan, Bank of America, Barclays and Wells Fargo; $200 million revolver; $575 million seven-year term loan talked at Libor plus 275 bps to 300 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; help fund acquisition of Dealer.com; Lake Success, N.Y., provider of web-based software and services to the automotive industry.

DEL MONTE CORP.: $1.726 billion term B (B+) due February 2020 talked at Libor plus 250 bps to 275 bps, 0.75% Libor floor, OID 993/4, 101 soft call for six months; JPMorgan and KKR; refinance existing term B; San Francisco-based producer, distributor and marketer of pet products and food products.

DELUXE ENTERTAINMENT SERVICES GROUP INC.: $670 million credit facility; Credit Suisse, Deutsche Bank, Citigroup and Morgan Stanley; $100 million five-year ABL revolver; $570 million six-year first-lien term loan (B2/B) talked at Libor plus 650 bps, 1% Libor floor, OID 99, 101 soft call; refinance existing debt; Shoreview, Minn., provider of digital asset creation, management and distribution services.

DEXTER AXLE CO.: $280 million credit facility; BNP Paribas; $25 million revolver; $255 million term loan talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99½ for new money, OID 99¾ for old money, 101 soft call for six months; refinance existing debt; Elkhart, Ind., manufacturer of trailer axles and trailer brakes.

FIBERTECH NETWORKS: $512 million term B, including $135 million add-on, (B2) talked at Libor plus 300 bps, 1% Libor floor, OID 99½ to 99¾ on add-on, 101 soft call for six months; TD Securities and M&T Bank; help fund a dividend and repricing; Rochester, N.Y., provider of fiber optic bandwidth services.

FIELDWOOD ENERGY LLC: Expected close Feb. 24 week; $625 million of add-on term loans; Citigroup, JPMorgan, Deutsche Bank, Bank of America and Goldman Sachs; $200 million add-on first-lien term loan (BB-) at Libor plus 287.5 bps, 1% Libor floor, 101 soft call through March 31; $425 million add-on second-lien term loan (B-) at Libor plus 712.5 bps, 1.25% Libor floor, offer price 1011/2; 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.

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.

HOLOGIC INC.: $1.171 billion term B due August 2019 talked at Libor plus 225 bps to 250 bps, 0.75% Libor floor, 101 soft call for six months; Goldman Sachs; repricing; Bedford, Mass., provider of diagnostics products, medical imaging systems and surgical products.

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.

INTERNATIONAL LEASE FINANCE CORP.: $1 billion seven-year term B (Ba2/BBB-/BB) talked at Libor plus 275 bps to 300 bps, 0.75% Libor floor, OID 991/2, 101 soft call for six months; Deutsche Bank and Goldman Sachs; general corporate purposes; Los Angeles-based independent aircraft lessor.

IQOR US INC.: Up to $900 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) at Libor plus 500 bps, 1% Libor floor, OID 98, 101 soft call; up to $170 million eight-year covenant-light second-lien term loan (Caa2/CCC+) at Libor plus 875 bps, 1% Libor floor, OID 971/2, 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.

LA QUINTA CORP.: $2.35 billion credit facility (B1/BB-); JPMorgan, Morgan Stanley, Deutsche Bank and Goldman Sachs; $2.1 billion seven-year term B talked at Libor plus 300 bps to 325 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; $250 million five-year revolver; refinance existing debt; Dallas-based owner/operator of limited-service hotels.

LANDESK SOFTWARE: $510 million of term loans; Jefferies; $380 million, (including $50 million add-on) first-lien term loan (B1/B) talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99½ on new money, 101 soft call for six months; $130 million second-lien term loan (Caa1/CCC+) talked at Libor plus 750 bps, 1% Libor floor, OID 99, call protection 102, 101; fund a dividend; South Jordan, Utah, provider of systems lifecycle management and endpoint security, as well as IT service management for desktops, servers and mobile devices.

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.

METALDYNE LLC: $536 million term B due Dec. 31, 2018 at Libor plus 325 bps, 1% Libor floor, 101 soft call; Bank of America; also €99 million term B due Dec. 31, 2018 at Euribor plus 375 bps, 1% floor, 101 soft call; repricing; Plymouth, Mich., designer and supplier of metal-formed components and assemblies for powertrain applications.

NEXEO SOLUTIONS LLC: $170 million incremental covenant-light term B-3 (B2/B+) due September 2017 at Libor plus 350 bps, 1.5% Libor floor, OID 991/2, 101 soft call; Bank of America; pay down ABL revolver borrowings and general corporate purposes; Woodlands, Texas, distributor of chemicals, plastics and composites.

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.

NINE WEST HOLDINGS INC.: $720 million senior secured credit facility; Morgan Stanley, Jefferies and MCS on term loan, Wells Fargo and Bank of America on revolver; $470 million term loan (Ba3) talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 991/2, 101 soft call; $250 million asset-based revolver help fund buyout by Sycamore Partners; apparel, footwear and accessories company.

OPENLINK INTERNATIONAL: $333 million first-lien covenant-light term loan due October 2017 at Libor plus 500 bps, 1.25% Libor floor, 101 soft call for six months; Credit Suisse and Wells Fargo; repricing; Uniondale, N.Y., provider of cross-asset trading, risk management and operations processing software services.

PARTY CITY HOLDINGS INC.: $1.11 billion covenant-light term loan due July 2019 at Libor plus 300 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; Rockaway, N.J., designer, manufacturer and distributor of party goods, including paper and plastic tableware, metallic balloons, accessories, novelties, gifts and stationery.

PAYLESS INC.: $665 million in term loans; Morgan Stanley, Jefferies and MerchCap Capital; $520 million first-lien term loan; $145 million second-lien term loan; refinance term B and fund a dividend; Topeka, Kan., specialty family footwear retailer.

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.

PLAYA RESORTS HOLDING BV: $375 million term loan (B2) due August 2019 talked at Libor plus 300 bps to 325 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank and Bank of America; repricing; owner, operator and developer of all-inclusive resorts in the Dominican Republic, Mexico and Jamaica.

REVLON CONSUMER PRODUCTS CORP.: Expected close Feb. 25; $675 million term B due Nov. 19, 2017 talked at Libor plus 250 bps to 275 bps, 0.75% Libor floor, 101 soft call for six months; Citigroup, Credit Suisse, JPMorgan, Bank of America and Wells Fargo; refinance existing term B; New York-based cosmetics and accessories company.

ROUNDY'S SUPERMARKETS INC.: $460 million seven-year first-lien covenant-light tem loan (B1/B) at Libor plus 475 bps, 1% Libor floor, OID 98, 101 soft call; Credit Suisse, JPMorgan, Bank of America and BMO; refinance an existing loan; Milwaukee-based supermarket chain.

SAFENET INC.: $255 million credit facility; Bank of America and Deutsche Bank; $30 million five-year revolver (B1); $175 million six-year first-lien term loan (B1); $50 million seven-year second-lien term loan (Caa1); refinance existing debt and fund a dividend; Belcamp, Md., provider of information security software and encryption technology.

SEADRILL LTD: $1.9 billion credit facility; Deutsche Bank, Barclays, Credit Suisse and RBC; $1.8 billion seven-year term B (Ba3/BB-) at Libor plus 300 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, Morgan Stanley, MCS, Goldman Sachs and Macquarie; $125 million five-year revolver (B1/B); $1.085 billion seven-year first-lien term loan (B1/B) at Libor plus 275 bps, 1% Libor floor, OID 993/4, 101 soft call for six months; $445 million eight-year second-lien term loan (Caa1/CCC+) at Libor plus 575 bps, 1% Libor floor, OID 991/2, call protection 102, 101; 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.

SENSIS: $315 million five-year term loan talked at Libor plus 700 bps, 1% Libor floor, OID 98, 101 soft call; Bank of America, Macquarie and Credit Suisse; help fund purchase of 70% stake by Platinum Equity from Telstra Corp. Ltd.; provider of local search and digital marketing solutions to Australian businesses.

SMG (STADIUM MANAGEMENT GROUP): $325 million credit facility; Credit Suisse and Morgan Stanley; $25 million five-year revolver; $300 million six-year first-lien term loan talked at Libor plus 400 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; refinance existing loans and fund a dividend; West Conshohocken, Pa., venue management company.

STATION CASINOS LLC: Roughly $1.5 billion term loan talked at Libor plus 300 bps to 325 bps, 1% Libor floor; Bank of America, Deutsche Bank, JPMorgan, Credit Suisse and Goldman Sachs; repricing; Las Vegas-based casino company.

STENA INTERNATIONAL S.A.: Expected close Feb. 24 week; $750 million seven-year covenant-light senior secured term B (Ba2/BB+) talked at Libor plus 275 bps to 300 bps, 0.75% Libor floor, OID 991/2, 101 soft call for six months; Citigroup and JPMorgan; refinance existing debt; Gothenburg, Sweden, company that has operations in shipping and offshore oil and gas exploration.

STUART WEITZMAN: $255 million senior secured credit facility; Wells Fargo leading revolver; Jefferies and MCS leading term loan; $35 million asset-based revolver; $220 million term B (B3) talked at Libor plus 400 bps, 1% Libor floor, OID 991/2, 101 soft call for six months; help fund buyout by Sycamore Partners; New York-based footwear and handbag company.

SYNARC-BIOCORE HOLDINGS LLC: $365 million credit facility; Credit Suisse, Jefferies and KeyBanc; $40 million revolver (B1/B-); $225 million seven-year first-lien covenant-light term loan (B1/B-) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $100 million eight-year second-lien covenant-light term loan (Caa1/CCC) talked at Libor plus 825 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund the merger of CCBR-Synarc and BioClinica Inc.; clinical imaging and patient recruitment company for pharmaceutical and CRO clinical trials.

TNS INC.: $185 million of add-on term loans; SunTrust and Macquarie; $70 million add-on first-lien term loan (BB-) talked at Libor plus 400 bps, 1% Libor floor, OID 991/2; $115 million add-on second-lien term loan (B) talked at Libor plus 800 bps, 1% Libor floor, OID 991/2; fund a dividend; Reston, Va., provider of data communications and interoperability services.

TRANSTAR HOLDING CO.: $80 million of term loans; RBC; $50 million add-on first-lien term loan (B+) talked at Libor plus 450 bps, 1.25% Libor floor, OID 98; $30 million add-on second-lien term loan (CCC+) talked at Libor plus 875 bps, 1.25% Libor floor, OID 97; fund an acquisition; Cleveland-based distributor of automotive aftermarket driveline services.

VIVA ALAMO LLC: $565 million senior secured credit facility (B1/BB-); Citigroup and Deutsche Bank; $50 million five-year revolver; $515 million seven-year covenant-light term B at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call; help fund buyout by Blackstone from Direct Energy; operator of gas-fired power stations.

WADDINGTON GROUP (WNA HOLDINGS INC.): $50 million incremental covenant-light term B due June 7, 2020 talked at Libor plus 325 bps, 1.25% Libor floor, offer price 99¾ to par, 101 soft call until June 7, 2014; Barclays, RBC, GE Capital and Goldman Sachs; fund contemplated acquisitions; Covington, Ky., manufacturer of disposable drinkware, dinnerware, servingware, cutlery and custom packaging.

WESCO AIRCRAFT HOLDINGS INC.: $525 million seven-year senior secured term B (Ba3/BB-) talked at Libor plus 275 bps, 0.75% Libor floor, OID 991/2, 101 soft call for six months; Bank of America, Barclays, Morgan Stanley and RBC; help fund acquisition of Haas Group Inc.; Valencia, Calif., provider of comprehensive supply chain management services to the aerospace industry.

YP LLC: $250 million add-on term B (B2) at Libor plus 675 bps, 1.25% Libor floor; JPMorgan; fund a dividend; Tucker, Ga., provider of local business print, online and mobile directory services.

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

ASHLAND WATER TECHNOLOGIES: New debt financing; Bank of America, Credit Suisse, Goldman Sachs, Macquarie, Nomura and RBC; help fund buyout by Clayton, Dubilier & Rice from Ashland Inc.; supplier of specialty chemicals for process, functional and water treatment applications.

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.

BAUER PERFORMANCE SPORTS LTD.: $650 million credit facility; Bank of America, JPMorgan, RBC and Morgan Stanley; $200 million asset-based revolver; about $450 million in senior secured loans; help fund acquisition of Easton Baseball/Softball business from Easton-Bell Sports and refinance some existing debt; Canada-based developer and manufacturer of sports equipment and apparel.

COLFAX CORP.: New credit facility debt; help fund acquisition of Victor Technologies Holdings Inc.; Fulton, Md., manufacturer of gas- and fluid-handling and fabrication technology products.

EMMIS COMMUNICATIONS CORP.: New senior credit facility; help fund acquisition of two radio stations in New York from YMF Media; Indianapolis-based diversified media company, principally focused on radio broadcasting.

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.

IMS HEALTH HOLDINGS INC.: New term loans; refinance existing debt in connection with IPO; Danbury, Conn., provider of information, services and technology for the health care industry.

INDUSTRIAL PACKAGING GROUP: New credit facility; JPMorgan, Goldman Sachs, Bank of America, Barclays, Citigroup and Credit Suisse; help fund buyout by Carlyle Group from Illinois Tool Works; Glenview, Ill., manufacturer of strap, stretch, and protective packaging consumables, tools and equipment.

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.

JOS. A. BANK CLOTHIERS INC.: $500 million ABL revolver; Goldman Sachs; help fund acquisition of Everest Holdings LLC (Eddie Bauer); Hampstead, Md., designer, manufacturer and retailer of men's tailored and casual clothing, sportswear, footwear and accessories.

KAR AUCTION SERVICES INC.: New credit facility; refinance existing credit facility; Carmel, Ind., provider of vehicle auction services and a provider of floorplan financing to independent and franchise used vehicle dealers.

MULTIPLAN INC.: New debt financing; Barclays and JPMorgan; help fund buyout by Starr Investment Holdings and Partners Group from Silver Lake and BC Partners; New York-based provider of health care cost management services.

NATIONAL VISION INC.: New credit facility; Goldman Sachs (left on first-lien), Morgan Stanley (left on second-lien), Wells Fargo and Barclays; revolver; first-lien term loan; second-lien term loan; help fund buyout by KKR from Berkshire Partners; Lawrenceville, Ga., retailer of eyeglasses and contact lenses.

ORTHO-CLINICAL DIAGNOSTICS: $2.175 billion term B; 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.

PHOTOMEDEX INC.: $85 million senior secured credit facility; JPMorgan; $10 million revolver; $75 million four-year term loan; help fund acquisition of LCA-Vision Inc.; Horsham, Pa.-based skin health company.

RCS CAPITAL CORP.: $725 million senior secured credit facility; Barclays and Bank of America; $25 million three-year revolver; $550 million five-year first-lien term loan; $150 million seven-year 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.

SIGNET JEWELERS LTD.: New term loan; JPMorgan; help fund acquisition of Zale Corp.; Akron, Ohio, specialty jewelry retailer.

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.


© 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.