Bank Loan Calendar

Total amount of deals being marketed: $17.327 billion

OCTOBER:

AGCO CORP.: Bank meeting in London Oct. 27, in New York Oct. 30; $750 million credit facility; Rabobank; $450 million term loan B; $300 million multicurrency revolver; fund acquisition of Valtra Corp. for €600 million ($660 million); Duluth, Ga. manufacturer and distributor of agricultural equipment and parts.

BALL CORP.: $190 million term B repricing at Libor plus 175 bps from Libor plus 225 bps; Deutsche; Broomfield, Colo. manufacturer of metal and plastic packaging.

CAMELBAK: Bank meeting tentatively set for Oct. 30; $100 million senior secured credit facility; BNP Paribas and Bank of New York with BNP listed on the left; $20 million five-year revolver talked at Libor plus 425 bps; $80 million six-year term loan talked at Libor plus 425 bps; help support acquisition of 100% of CamelBak's capital stock by existing sponsor; Petaluma, Calif. producer of personal hydration systems.

ENVIRONMENTAL SYSTEMS PRODUCTS: Up to $295 million credit facility; Credit Suisse First Boston lead arranger and bookrunner; $20 million five-year revolver at Libor plus 350 bps (B1), 100 bps commitment fee; $125 million to $150 million five-year first-lien term loan at Libor plus 350 bps (B1); $125 million seven-year second-lien term loan at Libor plus 650 bps (B3); refinance existing debt; East Granby, Conn. vehicle emissions and safety testing company.

GENERAL CABLE CORP.: Bank meeting Oct. 29; $240 million five-year asset-based revolver; UBS Securities and Merrill Lynch Capital joint lead arrangers; to partially repay existing credit facility and accounts receivable securitization facility; Highland Heights, Ky. wire and cable manufacturer.

ITRON INC.: Bank meeting Oct. 29; $240 million credit facility; Bear Stearns sole lead arranger, sole bookrunner and syndication agent, Wells Fargo administrative agent; $55 million revolver; $185 million term B; help fund acquisition of Schlumberger's Electricity Metering business; Spokane, Wash. provider of technology for collecting and analyzing electric, gas and water usage data to energy and water industries.

MICHAEL FOODS INC.: Bank meeting Oct. 30; $585 million credit facility; Bank of America and Deutsche; $100 million revolver; $485 million term B; help support the Michael Foods' leveraged buyout by Thomas H. Lee Partners, chairman and chief executive officer Gregg A. Ostrander and senior management from Vestar Capital Partners, Goldner Hawn Johnson & Morrison and the Michael family; Minnetonka, Minn. diversified food processor and distributor of egg products, refrigerated grocery products and refrigerated potato products.

QUANTA SERVICES INC.: Bank meeting Oct. 29; $200 million credit facility; Bank of America; $50 million revolver; $150 million synthetic term loan; replace existing loan; Houston provider of specialized contracting services.

NOVEMBER:

GENERAL NUTRITION COS. INC.: Credit facility via Lehman and JPMorgan; help support GNC's leveraged buyout by Apollo Management LP from Royal Numico NV for $750 million; Pittsburgh producer of nutritional supplements.

HOUSTON NFL HOLDINGS LP: Bank meeting Nov. 3; $225 million credit facility; JPMorgan and Societe Generale; 125 million five-year term A at Libor plus 175 bps; $100 million six-year term B at Libor plus 200 bps; combined with $125 million being drawn from existing league wide facility will be used to refinance existing debt; ownership group of the Houston Texans football franchise.

NEBRASKA BOOK CO. INC.: $160 million secured credit facility (B1/B+); JPMorgan and Citigroup; $50 million five-year revolver; $110 million seven-year term loan; secured by basically all tangible and intangible assets; refinance all indebtedness under existing credit facility, pay $91 million dividend to NBC Acquisition and pay fees and expenses; Lincoln, Neb. used-textbook wholesaler.

PINNACLE FOODS CORP.: JPMorgan and Deutsche; acquisition of Pinnacle by JPMorgan Partners, in partnership with C. Dean Metropoulos, from Hicks, Muse, Tate & Furst Inc. for $485 million; expected close in fourth quarter 2003; Cherry Hill, N.J. manufacturer and marketer of branded food products.

ROPER INDUSTRIES INC.: $625 million senior secured credit facility; JPMorgan, Wachovia and Merrill Lynch; $450 million five-year term B; $175 million three-year revolver; help fund acquisition of Neptune Technology Group Holdings Inc., retire Roper's existing senior notes and repay its existing revolver; Duluth, Ga. diversified company.

TRANSPORT INDUSTREIS LP: Bank meeting Nov. 6; $100 million credit facility; Wachovia; $40 million five-year revolver at Libor plus 325 bps; $60 million five-year term A at Libor plus 325 bps; refinance; third party provider of dedicated "closed-loop" transportation services.

UPCOMING CLOSINGS

ALON USA INC.: $100 million seven-year term B at Libor plus 650 bps; Credit Suisse First Boston lead arranger; debt repay; Dallas gasoline refining and marketing enterprise.

AMERICAN SEAFOODS GROUP LLC: $300 million credit facility; CIBC; $80 million five-year revolver at Libor plus 300 bps; $220 million seven-year term B split between floating rate and fixed rate tranches, floating rate at Libor plus 300 bps; secured by intercompany debt, capital stock and certain assets; fund tender for 10 1/8% notes; Seattle producer of seafood products.

AMPHENOL CORP.: Expected close Nov. 3 week; $413 million term loan B repricing at Libor plus 200 bps from Libor plus 250 bps; Deutsche; Wallingford, Conn. designer, manufacturer and marketer of electrical, electronic and fiber-optic connectors, interconnect systems and coaxial and flat-ribbon cable.

AMSTED INDUSTRIES INC.: $525 million credit facility (Ba3/BB-); Citigroup and Bank of America; $400 million eight-year term B at Libor plus 400 bps; $125 million revolver talked at Libor plus 350 bps; refinancing; Chicago diversified manufacturer of industrial components.

BASIC ENERGY SERVICES INC.: $170 million credit facility (B1); UBS sole lead arranger and bookrunner; $130 million term B at Libor plus 350 bps; $40 million revolver at Libor plus 300 bps; refinance existing debt and for acquisition purposes; Midland, Tex. provider of well site services.

BERRY PLASTICS CORP.: $375 million term C talked at Libor plus 250 to 275 bps; Goldman and JPMorgan; help fund acquisition of Landis Plastics Inc.; Evansville, Ind. manufacturer and marketer of plastic containers, closures, drink cups and housewares.

BUCKEYE TECHNOLOGIES INC.: $220 million senior secured credit facility (B1/BB-); Fleet and Citigroup; $150 million 6 1/2-year term loan B at Libor plus 250 bps; $70 million five-year revolver at Libor plus 300 bps; existing revolver debt, refinance the accounts receivable securitized revolver upon maturity in December 2003 and pay transaction fees and expenses; Memphis, Tenn. manufacturer and marketer of value-added cellulose products.

CKE RESTAURANTS INC.: $150 million credit facility (B1/B); BNP Paribas; $125 million revolver at Libor plus 375 bps; $25 million term loan at Libor plus 375 bps; repay part of outstanding 4¼% convertible subordinated notes due 2004 and replace existing $100 million senior credit facility; Santa Barbara, Calif. restaurant operator.

CONNECTICARE HOLDINGS INC.: $115 million credit facility (B1); Bank of America; $100 million term B talked at Libor plus 375 bps; $15 million revolver; Farmington, Conn. health maintenance organization.

DEX MEDIA EAST LLC: Repricing of $660 million term B to Libor plus 250 to 275 bps from Libor plus 400 bps; JPMorgan, Bank of America, Deutsche Bank, Wachovia Securities and Lehman Brothers; yellow pages directories business.

DJ ORTHOPEDICS INC.: $125 million senior credit facility (B1/B+); Wachovia; $100 million 5 1/2-year term loan at Libor plus 375 bps; $25 million five-year undrawn revolver at Libor plus 325 bps; refinance existing credit facility and help finance acquisition of the bone growth stimulation business from OrthoLogic Corp.; Vista, Calif. orthopedic sports medicine company.

DRS TECHNOLOGIES INC.: $386 million credit facility (Ba3/BB-); Bear Stearns and Wachovia; $236 million seven-year term B at Libor plus 250 bps; $150 million five-year revolver at Libor plus 225 bps; help fund acquisition of Integrated Defense Technologies Inc.; Parsippany, N.J. supplier of defense electronic products and systems.

DSW WATERS LP (GROUPE DANONE/SUNTORY): $550 million credit facility (B1/B+); JPMorgan and Citigroup; $400 million term B at Libor plus 350 bps; $100 million revolver at Libor plus 350 bps; $500 million funded letter of credit facility at Libor plus 350 bps; help support the joint venture between Danone and Suntory, which will operate the combined businesses of their subsidiaries, Suntory Water Group and the home and office delivery business of Danone Waters of North America; Danone is a Paris-based producer of fresh dairy products and packaged water, biscuits and cereal products. Suntory is a Japan-based producer of alcoholic and non-alcoholic beverages.

EMPI CORP.: $175 million senior secured credit facility (Ba3/B+); JPMorgan and Wachovia; $25 million five-year revolver at Libor plus 275 bps; $25 million five-year term A at Libor plus 275 bps; $125 million six-year term B at Libor plus 325 bps; refinance $76 million of existing bank debt, redeem a $27.5 million note issued by parent company, Empi Inc. and pay a $47 million dividend to shareholders and management; St. Paul, Minn. developer, manufacturer and distributor of devices and accessories for orthopedic rehabilitation markets.

EXIDE TECHNOLOGIES: $550 million senior secured exit financing facility (Ba3/BB-); Deutsche Bank Securities Inc. and Credit Suisse First Boston joint lead arrangers; $150 million six-year term loan at Libor plus 400 bps; $150 million six-year foreign term loan at Libor plus 400 bps; €150 six-year term loan at Libor plus 400 bps; $100 million five-year revolver at Libor plus 400 bps; term loan to refinance existing debt, revolver for working capital, capital expenditures and general corporate purposes; Princeton, N.J. manufacturer and marketer of lead acid batteries for the automotive and industrial markets.

FHC HEALTH: $305 million credit facility (B/B1); Credit Suisse First Boston and Goldman Sachs joint lead arrangers; $25 million three-year revolver at Libor plus 375 bps; $130 million six-year term loan was talked at Libor plus 650 bps; $120 to $150 million six-year delayed drawdown was talked at Libor plus 825 bps; refinancing; Norfolk, Va. Provider of behavioral health care services.

GENESIS HEALTHCARE CORP.: $260 million senior credit facility (Ba3/BB-); Wachovia left lead arranger; $185 million seven-year term B at Libor plus 300 bps; $75 million five-year revolver at Libor plus 275 bps; help support the spin-off its eldercare operations into the newly formed eldercare company, GHC; Kennett Square, Pa. provider of healthcare services to the elderly.

GENESIS HEALTH VENTURES INC. (NEIGHBORCARE): $100 million five-year senior revolver at Libor plus 200 bps (Ba1/BB+); Wachovia Securities; provider of healthcare services to the elderly through a network of pharmacies.

HUNTSMAN INTERNATIONAL LLC; $110 million add-on; Deutsche; $55 million add-on to term B; $55 million add-on to term C; refinance revolver outstandings and repay a portion of term A; Salt Lake City petrochemical firm.

KEYSTONE AUTOMOTIVE OPERATIONS INC.: $165 million credit facility (B1/B+); Bank of America and UBS joint lead arrangers and joint lead managers; $115 million term B at Libor plus 300 bps; $50 million revolver at Libor plus 300 bps; help finance Bain Capital's acquisition of Keystone from company's current equity partners; Exeter, Pa.-based marketer and distributor of automotive parts and accessories in specialty aftermarket.

MAGELLAN HEALTH SERVICES INC.: $230 million five-year exit financing facility (B1); Deutsche Bank; $100 million term loan B; $50 million revolver; $80 million letter of credit facility; all tranches at Libor plus 350 bps; term loans will repay existing bank debt; Columbia, Md. managed behavioral healthcare company.

MIRANT CORP.: $200 million DIP at Libor plus 350 bps, 75 bps unused fee, due September 2005; General Electric Capital Corp.; can be upsized to $500 million; working capital purposes; Atlanta energy company.

MOORE WALLACE INC.: $500 million term loan B repricing to Libor plus 200 bps from Libor plus 250 bps; Deutsche and Citigroup; Mississauga, Ont. diversified printing company.

MPS GROUP INC.: $150 million three-year revolver at Libor plus 125 bps; Wachovia; refinance; Jacksonville, Fla. provider of IT and professional staffing services.

NEWKIRK: $525 million term B talked at Libor plus 450 bps; Fleet; refinance existing debt; real estate investment trust.

ONDEO NALCO: approximately $1.85 billion credit facility (B1/BB); Citigroup, Bank of America, Goldman Sachs, JPMorgan and Deutsche Bank; $1.3 billion seven-year term B at Libor plus 250 bps; $300 million six-year term A at Libor plus 250 bps; $250 million six-year revolver at Libor plus 250 bps; help fund acquisition by The Blackstone Group, Apollo Management, LP and Goldman Sachs Capital Partners from Suez SA; closing expected in fourth quarter of 2003; Naperville, Ill. provider of water treatment and process chemicals and services.

OVERNITE TRANSPORTATION CO.: $300 million credit facility (Ba1); Credit Suisse First Boston and SunTrust Bank joint lead arrangers and joint bookrunners, SunTrust Bank administrative agent and collateral agent and Credit Suisse First Boston syndication agent; $125 million five-year term loan at Libor plus 150 bps; $175 million five-year revolver at Libor plus 150 bps, 30 bps commitment fee; first priority lien on and security interest in all capital stock; pay part of cash dividend to Union Pacific Corp. in connection with IPO; Richmond, Va. less-than-truckload trucking company.

PANAMSAT CORP.: $650 million seven-year term B at Libor plus 250 bps; Credit Suisse First Boston sole lead arranger; refinance existing debt; Wilton, Conn. provider of video, broadcasting and network services through satellites.

PARKER DRILLING CO.: $150 million credit facility (B1); Lehman and Deutsche; $50 million three-year asset based revolver at Libor plus 275 to 300 bps; $100 million four-year delayed draw term B at Libor plus 425 bps, offered at 99; help fund tender offer; Houston provider of contract drilling and drilling-related services.

PETROLEUM HEAT & POWER CO.: $235 million credit facility; Wachovia and Fleet; $150 million three-year revolver at Libor plus 150 bps; $35 million three-year letter of credit at Libor plus 150 bps; $50 million three-year acquisition facility at Libor plus 150 bps; refinance; distributor of home heating oil.

PLAINS ALL AMERICAN PIPELINE LP: $950 million credit facility; Fleet lead arranger and administrative agent, Bank One and Wachovia Bank tier 1 lenders; $425 million four-year unsecured revolver; $170 million Canadian 364-day unsecured revolver; $30 million Canadian four-year unsecured working capital revolver; $125 million 364-day unsecured revolver; $200 million uncommitted secured hedged inventory facility; Houston-based oil and liquefied petroleum gas transportation and terminalling company.

QUALITY DISTRIBUTION INC.: $235 million credit facility; Credit Suisse First Boston joint lead arranger and bookrunner, Deutsche Bank joint lead arranger and syndication agent, and Bear Stearns; $140 million six-year delayed draw term loan at Libor plus 350 bps, 50 bps commitment fee; $75 million five-year revolver at Libor plus 350 bps, 50 bps commitment fee; $20 million six-year synthetic term loan at Libor plus 350 bps; in conjunction with IPO; revolver for working capital and general company purposes, term loan to repay existing debt; secured by first priority perfected lien on substantially all of the company's properties and assets; Tampa, Fla. operator of bulk tank truck network.

SCIENTIFIC GAMES CORP.: Expected closing Nov. 4; $532.825 million credit facility (Ba3/BB-); Bear Stearns sole lead arranger, sole bookrunner and syndication agent, Bank of New York administrative agent, Credit Suisse First Boston and Deutsche Bank co-arrangers and co-documentation agents; $70 million revolver; $462.825 term C talked at Libor plus 275 bps; term C will refinance existing term loan B, priced at Libor plus 350 bps, and to help fund acquisition of IGT OnLine Entertainment Systems Inc.; revolver for general corporate purposes; New York provider of services, systems and products to instant ticket lottery industry and pari-mutuel wagering industry.

THE SCOTTS CO.: $1.2 billion credit facility (Ba1/BB); JPMorgan; $700 million five-year revolver at Libor plus 225 bps; $500 million term loan B at Libor plus 200 bps; finance tender offer for $400 million outstanding 8.625% senior subordinated notes due 2009; Marysville, Ohio supplier of lawn and garden care products.

SPANISH BROADCASTING SYSTEM INC.: $135 million senior secured credit facility (B1/B+); Lehman Brothers; $125 million term loan; $10 million revolver; help complete the purchase of station KXOL-FM in Los Angeles; Coconut Grove, Fla. radio broadcasting company.

SUPERIOR TELECOM INC.: $120 million four-year exit financing revolver at Libor plus 175 to 275 bps; Fleet Capital Corp. and GE Capital; refinance debtor-in-possession facility, with a current balance of $30 million, fund reorganization expenses and provide availability for future operating and working capital requirements; expected emergence from Chapter 11 on or around Nov. 5; Atlanta wire and cable manufacturer.

ON THE HORIZON:

COMMSCOPE INC.: $150 million senior secured credit facility; Wachovia Securities; help fund acquisition of Avaya Inc.'s Connectivity Solutions (ACS) business; Hickory, N.C. manufacturer and marketer of a broad line of coaxial, fiber-optic and other high-performance electronic cable products.

FTD INC.: $150 million credit facility; Credit Suisse First Boston and UBS joint lead arrangers; $50 million five-year revolver; $100 million seven-year term loan; help support LBO by Green Equity Investors IV LP, an affiliate of Leonard Green & Partners LP; Downers Grove, Ill. floral company.

IMS METERS HOLDINGS INC.: Credit facility via Credit Suisse First Boston and Goldman Sachs as joint lead arrangers; help support the leveraged buyout of Invensys plc metering business; IMS, a Raleigh, N.C. manufacturer of water, gas, electric and heat meters for the utility industry, is sponsored by The Resolute Fund LP, a private equity fund managed by The Jordan Co. LP.

LIONS GATE ENTERTAINMENT CORP.: Credit facility via JPMorgan; help support merger with Artisan Entertainment for a purchase price of $160 million in cash plus assumption of Artisan debt; Vancouver-based producer and distributor of film and television entertainment content.

LOEWS CINEPLEX THEATERS, INC.: Seven-year term loan and five-year revolver; Credit Suisse First Boston and Merrill Lynch; term loan proceeds to help repay Loews' existing credit facility and facility of its Loeks-Star Theatres subsidiary and for fees and expenses, revolver for general corporate purposes; coming in conjunction with $300 million IPO and notes offering; New York, N.Y. movie theater operator.

NORTHWESTERN CORP.: $490 million DIP; Bank One; $100 million 364-day revolver at Libor plus 300 bps, 50 bps commitment fee; $390 million 364-day term loan at Libor plus 350 bps (upon satisfaction of certain conditions); Sioux Falls, S.D. provider of electricity and natural gas.

NRG ENERGY INC.: $2.3 billion exit financing credit facility; Credit Suisse First Boston and Lehman Brothers joint lead arrangers; Minneapolis energy company.

FULL DOCUMENTATION FOR RECENT DEALS AND AMENDMENTS:

CROWN CASTLE INTERNATIONAL INC.: $1.642.5 billion amended and restated credit facility; JPMorgan and Morgan Stanley; dated Oct. 10.

http://www.sec.gov/Archives/edgar/data/1051470/000119312503060193/dex101.txt

DAN RIVER INC.: Amendment and waiver; Deutsche Bank; dated Oct. 10.

http://www.sec.gov/Archives/edgar/data/914384/000091438403000031/e9910143.txt

DOBSON CELLULAR SYSTEMS INC.: New $700 million senior secured credit facility; Lehman, Bear Stearns and Morgan Stanley; dated Oct. 23.

http://www.sec.gov/Archives/edgar/data/1035985/000095013403013880/d08902a4exv99wxby.txt

WASTE CONNECTIONS INC.: New $575 million senior secured credit facility; Fleet and Deutsche; dated Oct. 22.

http://www.sec.gov/Archives/edgar/data/1057058/000093583603000281/wcicreditagr.htm

© 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.