Bank Loan Calendar

Total amount of deals being marketed: $20.967 billion

DECEMBER:

ROSEBURG FOREST PRODUCTS CO.: $375 million credit facility; $150 million term B led by Credit Suisse First Boston; $225 million revolver co-led by Farm Credit and US Bank; refinance existing facility; Roseburg, Ore., producer of wood products.

SIX FLAGS INC.: Conference call Dec. 18; $130 million term B add-on at Libor plus 250 bps; Lehman; redeem $122.5 million principal amount of the 9¾% senior notes due 2007; Oklahoma City theme park operator.

JANUARY:

COMMUNICATIONS & POWER INDUSTRIES INC.: Bank meeting Jan. 7; $130 million credit facility; UBS Securities and Bear Stearns joint lead arrangers, with UBS listed on the left, Wachovia documentation agent; $90 million 61/2-year term B; $40 million six-year revolver; help support the company's acquisition by The Cypress Group from Leonard Green & Partners LP and other investors; Palo Alto, Calif., developer, manufacturer and distributor of components for systems used to generate, amplify and transmit high-power/high-frequency microwave and radio frequency signals.

IONICS INC.: Bank meeting mid-January; $250 million credit facility; UBS Securities, Bank of America and Fleet; $75 million revolver; $175 million term loan; help support the acquisition of Ecolochem Inc.; closing expected in early 2004; Watertown, Mass., water treatment systems and services company.

MASONITE INTERNATIONAL CORP.: New credit facility via SunTrust; help fund the $160 million cash acquisition price of The Stanley Works' residential entry door business; Mississauga, Ont., building products company.

UPCOMING CLOSINGS

ADVANCE AUTO PARTS INC.: $455 million credit facility; JPMorgan; $105 million term D due Nov. 30, 2006; $350 million term E due Nov. 30, 2007; both priced at Libor plus 200 bps; repay the existing term loan A, term loan A-1, term loan C and term loan C-1; Roanoke, Va., retailer of automotive parts and accessories.

AGCO CORP.: $750 million credit facility (Ba1/BB+); Rabobank; $450 million term loan B at Libor plus 225 bps split into $300 million U.S. tranche and 150 million euro tranche; $300 million multicurrency revolver; fund acquisition of Valtra Corp. for €600 million ($660 million); Duluth, Ga., manufacturer and distributor of agricultural equipment and parts.

ALIMENTATION COUCHE-TARD INC.: $390 million credit facility (Ba2); Scotia Capital, CIBC World Markets and National Bank of Canada; $150 million five-year revolver (available in both Canadian and U.S. dollars) at Libor plus 250 bps; about $245 million seven-year term B at Libor plus 225 bps; also has C$365 million term loan at Libor plus 250 bps; help fund acquisition of The Circle K Corp. from ConocoPhillips and for working capital purposes; Canadian-based convenience store operator.

AMERCO: $550 million exit financing facility; Wells Fargo Foothill; $350 million five-year term loan A at Libor plus 400 bps; $200 million five-year revolver at Libor plus 400 bps; expected Chapter 11 emergence in January 2004; Las Vegas company that operates in moving and storage, real estate and insurance.

AMERICAN REPROGRAPHICS CO.: $355 million credit facility; Goldman; $30 million first lien revolver (B1/BB-) due December 2008 at Libor plus 275 to 300 bps; $100 million first lien term B (B1/BB-) due June 2009 at Libor plus 300 to 325 bps; $225 million second lien term loan (B3/B) at Libor plus 650 to 700 bps with 1.5% Libor floor and offered at 99; refinance bank debt, repay mezzanine debt and pay fees and expenses; Glendale, Calif., image management company.

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.

ANTEON INTERNATIONAL CORP.: $325 million credit facility (Ba3/BB); Credit Suisse First Boston and Bank of America joint lead arrangers; $200 million five-year revolver at Libor plus 225 bps; $125 million seven-year term B at Libor plus 250 bps; refinancing; Fairfax, Va., provider of information technology solutions and systems.

APPLETON PAPERS INC.: Expected close Dec. 15 week; $140 million term loan (upsizing from $83 million outstanding) at Libor plus 250 bps (reduced from Libor plus 325 bps; Bear Stearns sole lead; refinancing and acquisition funding; Appleton, Wis., paper and paperboard manufacturer and distributor.

BRAND SERVICES INC.: $130 million six-year term B at Libor plus 325 bps; Credit Suisse First Boston and JPMorgan joint lead arrangers; refinancing; Chesterfield, Mo., scaffolding company.

BUSINESS LOAN EXPRESS INC.: Expected closing by end of January; $275 million three-year revolver at Libor plus 162.5 bps; Fleet; refinance existing credit facility and for general corporate purposes; New York non-bank small business administration lender.

CADMUS COMMUNICATIONS CORP.: $90 million four-year revolver at Libor plus 275 bps; Wachovia and Bank of America; refinance; Richmond, Va., provider of end-to-end integrated graphic communications services.

CARLISLE LEASING INTERNATIONAL: Expected close by year-end; $175 million four-year revolver at Libor plus 200 bps; Fleet co-lead arranger and administrative agent, Bank of Tokyo Mitsubishi co-lead arranger and syndication agent; refinancing; Park Ridge, N.J., refrigerated equipment leasing company.

COMMSCOPE INC.: $175 million senior secured credit facility; Wachovia Securities; $110 million five-year revolver at Libor plus 250 bps; $65 million five-year term A at Libor plus 275 bps; help fund acquisition of Avaya Inc.'s Connectivity Solutions business; Hickory, N.C., manufacturer of cable products.

CSK AUTO CORP.: $200 million 5.5-year term B at Libor plus 225 bps; Credit Suisse First Boston and JPMorgan joint lead arrangers; refinancing; Phoenix, Ariz., retailer of automotive parts and accessories.

DR. PEPPER/SEVEN UP BOTTLING GROUP INC.: Expected close Dec. 22 week; $855 million credit facility (B1); Deutsche and JPMorgan; $125 million six-year revolver at Libor plus 200 bps; $730 million seven-year term B at Libor plus 250 bps; refinancing; Dallas soft drink company.

EQUISTAR CHEMICALS LP: $250 million four-year inventory-based revolver (BB); secured by a lien on all inventory and some personal property; replace existing debt; Houston chemical company.

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 of lead acid batteries for the automotive and industrial markets.

GREAT LAKES DREDGE & DOCK CORP.: Expected close Dec. 22; $120 million credit facility (B1/B+); Credit Suisse First Boston and Lehman as joint lead arrangers; $60 million five-year revolver at Libor plus 275 bps, 50 bps commitment fee; $60 million seven-year term B at Libor plus 300 bps; help fund buyout by Madison Dearborn Partners LLC from Vectura Holding Co. LLC for $340 million; Oak Brook, Ill., provider of dredging services.

HERCULES INC.: $350 million credit facility; Credit Suisse First Boston and Wachovia joint lead; $150 million three-year revolver with a 50 bps commitment fee; $200 million 31/2-year term B at Libor plus 250 bps (down from existing pricing of Libor plus 325 bps); refinance existing debt; Wilmington, Del., manufacturer and marketer of specialty chemicals.

HOUSTON NFL HOLDINGS LP: Expected close by end of December; $225 million credit facility; JPMorgan and Societe Generale; $125 million five-year term A at Libor plus 150 bps; $100 million six-year term B at Libor plus 175 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.

INMARSAT VENTURES PLC: $975 million credit facility; Credit Suisse First Boston, Royal Bank of Scotland and Barclays joint lead arrangers; $75 million six-year revolver at Libor plus 250 bps; $100 million six-year capex facility at Libor plus 250 bps; $400 million six-year term A at Libor plus 250 bps; $200 million seven-year term B at Libor plus 300 bps; $200 million eight-year term C at Libor plus 350 bps; support acquisition by Grapeclose Ltd., formed by Apax Partners and Permira; London-based provider of mobile satellite communication services.

INTERLINE BRANDS INC.: $205 million credit facility; Credit Suisse Fist Boston and Bank of Nova Scotia joint lead arrangers; $65 million five-year revolver at Libor plus 375 bps, 50 bps commitment fee; $140 million six-year term B at Libor plus 350 bps; refinance; Jacksonville, Fla., direct marketer and distributor of maintenance, repair and operations products.

ITRON INC.: $240 million credit facility (Ba3/BB-); Bear Stearns sole lead arranger, sole bookrunner and syndication agent, Wells Fargo administrative agent; $55 million revolver talked at Libor plus 275 bps; $185 million term B at Libor plus 225 bps, with step-down to Libor plus 200 bps of leverage falls below 2x; 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.

JACK IN THE BOX INC.: $475 million credit facility (Ba2/BB); Wachovia; $275 million senior secured term loan; amendment of $200 million revolver; refinance existing term loan and redeem notes; San Diego restaurant operator.

KINKO'S INC.: $825 million credit facility; JPMorgan and Bank of America; $150 million six-year revolver at Libor plus 250 bps; $675 million seven-year term B at Libor plus 275 bps; pay a $530 million dividend to the company's equity partners and to refinance existing debt; Dallas operator of copying and printing centers.

KNOWLEDGE LEARNING CORP.: $260 million credit facility; BNP Paribas; $235 million term B at Libor plus 400 bps; $25 million revolver at Libor plus 375 bps; refinancing; San Rafael, Calif., provider of childcare services.

KRATON POLYMERS GROUP: Expected close Dec. 22 week; $420 million credit facility (B1/BB-); UBS and Goldman; $60 million revolver at Libor plus 250 bps; $360 million term loan at Libor plus 250 bps; support leveraged buyout by Texas Pacific Group from Ripplewood Holdings LLC; expected close before year-end; Houston specialty chemicals company and producer of styrenic block copolymers.

LA GRANGE ACQUISITION LP: $450 million credit facility; Wachovia and FleetBoston; $125 million four-year revolver at Libor plus 262.5 bps; $325 million four-year term A at Libor plus 262.5 bps; refinance; energy company.

LENNAR CORP./LNR PROPERTY CORP.: $600 million credit facility; Bank One and Deutsche Bank; $400 million term B at Libor plus 275 bps; $200 million revolver at Libor plus 225 bps; fund the acquisition of The Newhall Land and Farming Co. by an entity owned 50% by Lennar Corp. and 50% by LNR Property Corp.; Lennar is a Miami homebuilder; LNR is a Miami Beach, Fla., real estate investment, finance and management company.

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.

MARINER HEALTH CARE INC.: $220 million senior credit facility (Ba3/BB-); $135 million term loan; at Libor plus 275 bps $85 million revolver; repay existing debt, including borrowings under the company's existing credit facility and second priority secured notes, and for general corporate purposes; Atlanta owner and operator of skilled nursing and assisted living facilities as well as long-term acute care hospitals.

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.

NEBRASKA BOOK CO.: $125 million credit facility (B1); JPMorgan; $75 million seven-year term B talked at Libor plus 275 bps; $50 million five-year revolver talked at Libor plus 275 bps; secured by substantially all of the assets of Nebraska Book, NBC Acquisition and Specialty Books Inc.; term B help fund a dividend payment of up to $34.5 million to NBC Acquisition Corp., pay some related fees and expenses, and repay approximately $14 million of old debt; revolver working capital and general corporate purposes; Lincoln, Neb., used textbook wholesaler.

NEXTEL PARTNERS OPERATING CORP.: $475 million senior secured credit facility (B1/B); $100 million six-year revolver at Libor plus 300 bps; $375 million seven-year term loan at Libor plus 300 bps; J.P. Morgan Securities Inc. and Morgan Stanley Senior Funding Inc. leading syndicate for the revolver; secured by all the assets of Nextel Partners' subsidiaries; repay borrowings under Nextel Partners' existing $475 million senior secured credit facility and for general corporate purposes; expected close mid-December; Kirkland, Wash., provider of wireless communications services.

NRG ENERGY INC.: Expected close by Dec. 23; $1.45 billion exit financing credit facility (BB); Credit Suisse First Boston and Lehman Brothers joint lead arrangers; $250 million four-year revolver at Libor plus 400 bps, 100 bps commitment fee; $1.2 billion 61/2-year term B at Libor plus 400 bps; Minneapolis energy company.

ORIENTAL TRADING CO. INC.: $110 million add-on; $30 million six-year first lien add-on to term loan B via BNP Paribas at Libor plus 275 bps; $80 million seven-year second lien add-on (B2/B-) at Libor plus 600 basis points via Credit Suisse First Boston; dividend recapitalization; Omaha, Neb., direct marketer of novelties, toys, party supplies, crafts, gift items, home décor products and garden accents.

ORTHOFIX: $125 million credit facility (Ba2/BB-); Wachovia Securities; $15 million five-year revolver; $110 million five-year term loan; help fund the acquisition of BREG Inc. for the purchase price of $150 million; Netherlands-based orthopedic company.

PACIFICARE HEALTH SYSTEMS INC.: $150 million five-year term C at Libor plus 250 bps to replace term B priced at Libor plus 350 bps; JPMorgan and Morgan Stanley; Cypress, Calif., healthcare company.

PENN NATIONAL GAMING INC.: $400 million term D at Libor plus 250 bps to replace term B; Bear Stearns; Wyomissing, Pa., gaming company.

THE PHOENIX COS. INC.: $150 million credit facility; Fleet and Wachovia; $112.5 million revolver; $37.5 million term A; both at Libor plus 175 bps, three-year maturities; refinance existing $100 million credit facility and for general corporate purposes; Hartford, Conn., provider of wealth management products and services.

PINNACLE ENTERTAINMENT INC.: Expected close Dec. 17; $300 million credit facility (B1/B+); Lehman Brothers and Bear Stearns joint bookrunners and joint lead arrangers, with Lehman listed on the left and acting as administrative agent and Bear acting as syndication agent; $75 million revolver at Libor plus 350 bps; $146 million term loan talked at Libor plus 350 bps; $79 million delayed draw term loan talked at Libor plus 350 bps with 125 bps commitment fee; refinance; Las Vegas gaming company.

PRINTPACK INC.: $250 million term B repricing to Libor plus 225 bps; Bank One; Atlanta flexible packaging converter.

RAINBOW MEDIA HOLDINGS INC.: $775 million credit facility (Ba2/BB+); Bank of America, TD Securities and Wachovia; $575 milliont erm C at Libor plus 225 bps; $200 million revolver at Libor plus 325 bps; secured by Rainbow Media's 100% ownership interest in AMC, The Independent Film Channel and WE; used by Cablevision to repay a $250 million MGM note maturing in this month and by CSC Holdings to provide temporary additional liquidity; Jericho, N.Y., cable channel owner.

ROPER INDUSTRIES INC.: $625 million senior secured credit facility (Ba2/BB+); JPMorgan, Wachovia and Merrill Lynch; $450 million five-year term B; $175 million three-year revolver; both at Libor plus 200 bps; help fund acquisition of Neptune Technology Group Holdings Inc., retire Roper's existing senior notes and repay its existing revolver; Duluth, Ga., diversified company.

SENSUS METERING SYSTEMS INC.: $340 million credit facility (B2/B+); Credit Suisse First Boston and Goldman Sachs as joint lead arrangers; $265 million term B ($235 million U.S. term loan and $30 million European borrower term loan) at Libor plus 300 bps; $75 million revolver at Libor plus 300 bps; help support the leveraged buyout of Invensys plc metering business; Raleigh, N.C., manufacturer of water, gas, electric and heat meters for the utility industry sponsored by The Resolute Fund LP, a private equity fund managed by The Jordan Co. LP.

SIMMONS CO.: Expected closing Dec. 19; $620 million credit facility; Goldman Sachs and UBS Securities as joint lead arrangers and co-syndication agents, with Goldman listed on the left and acting as sole bookrunner, Deutsche Bank will receive an agent title; $75 million revolver (B2/B+); $405 million term B at Libor plus 275 (B2/B+); $140 million senior unsecured floating rate loan at Libor plus 375 bps (B3/B-), call protection of 103, 102, 101; help support the company's acquisition by Thomas H. Lee Partners, chairman and chief executive officer Charlie Eitel and senior management from Fenway Partners; Atlanta manufacturer and distributor of bedding products.

SP NEWSPRINT CO.: Expected closing early January; $300 million credit facility (B+); TD Securities; $225 million term B talked at Libor plus 325 to 350 bps, offered at par; $75 million revolver talked at Libor plus 325 bps, 75 bps for $15 million commitment, 50 bps for $10 million commitment; refinance an existing pro rate credit facility; Atlanta newsprint manufacturer.

ST. MARYS CEMENT INC.: $325 million senior secured credit facility (B1); Citigroup Global Markets Inc.; Canadian four-year revolver for equivalent of US$50 million; Canadian four-year term loan A for equivalent of US$75 million; $200 million six-year term loan B at Libor plus 300 bps; refinance an existing $265 million term loan; Toronto supplier of cement, ready mix and aggregates.

STATION CASINOS INC.: $250 million credit facility (B1/B+); Bank of America; $150 million seven-year term loan estimated in the Libor plus 300 to 325 bps range; $100 million five-year revolver at Libor plus 250 bps; refinance existing debt and to fund a $110 million expansion of Green Valley Ranch Station; Las Vegas gaming and entertainment company.

URS CORP.: $267 million 4.6-year term B at Libor plus 275 bps; Credit Suisse First Boston; refinance; San Francisco engineering firm.

WEIGHT WATCHERS INTERNATIONAL INC.: $500 million credit facility; Credit Suisse First Boston and Bank of Nova Scotia joint lead arrangers; $250 million five-year revolver talked at Libor plus 175 bps; $250 million six-year term B talked at Libor plus 200 bps; refinance existing debt; Woodbury, N.Y., provider of weight loss services.

ON THE HORIZON:

AMF BOWLING WORLDWIDE INC.: First quarter 2004 business; new credit facility with Credit Suisse First Boston and Merrill Lynch acting as joint lead arrangers; help support leveraged buyout by an affiliate of Code Hennessy & Simmons LLC; Richmond, Va., owner and operator of bowling centers and manufacturer of bowling and billiards 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.

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.: $100 million DIP; Bank One; $100 million 364-day revolver at Libor plus 300 bps, 50 bps commitment fee; Sioux Falls, S.D., provider of electricity and natural gas.

RESCARE INC.: $135 million senior secured credit facility (B+); $100 million revolver; $35 million term loan; repay existing subordinated indebtedness, including $87 million of convertible subordinated notes due December 2004; Louisville, Ky., provider of residential, therapeutic, job training, educational and support services to populations with special needs.

TYCO INTERNATIONAL LTD: $2.5 billion credit facility (Ba2/BBB-), three-year revolver and a 364-day revolver; replace existing facility; Bermuda-based diversified manufacturing and service company.

WARNER MUSIC GROUP: 1Q04 business; new credit facility via Bank of America, Deutsche Bank, Lehman Brothers and Merrill Lynch; support the company's purchase by an investor group led by Thomas H. Lee Partners, Edgar Bronfman, Jr.'s Lexa Partners, Bain Capital and Providence Equity Partners from Time Warner Inc. for about $2.6 billion in cash; music company.

FULL DOCUMENTATION FOR RECENT DEALS AND AMENDMENTS:

ALLBRITTON COMMUNICATIONS CO.: Amendment to revolver regarding total leverage ratio; dated Dec. 10.

http://www.sec.gov/Archives/edgar/data/889156/000088915603000014/exhibit4_8.txt

BRUSH ENGINEERED MATERIAL INC.: New $105 million credit facility; Bank One; New $35 million subordinated loan; Durham Capital Corp.; dated Dec. 4.

http://www.sec.gov/Archives/edgar/data/1104657/000095015203010174/l04475aexv99w2.txt

http://www.sec.gov/Archives/edgar/data/1104657/000095015203010335/l04598aexv99w1.txt

DILLARD'S INC.: Amended revolver increasing size to $1 billion and extending term; dated Dec. 12.

http://www.sec.gov/Archives/edgar/data/28917/000002891703000111/ex10_110103.htm

GULFTERRA ENERGY PARTNERS, LP: Amended upsized term loan B; via Credit Lyonnais New York Branch, BNP Paribas and Wachovia Bank, NA as documentation agents, Fortis Capital Corp. as

syndication agent and JPMorgan Chase Bank as administrative agent; dated Dec. 1 and Dec. 10.

http://www.sec.gov/Archives/edgar/data/895040/000095012903006075/h11237exv10wb.txt

http://www.sec.gov/Archives/edgar/data/895040/000095012903006075/h11237exv10wc.txt

QWEST COMMUNICATIONS INTERNATIONAL INC.: Amendment regarding facilitating upsized tender offer and extending financial reporting deadlines; dated Dec. 5.

http://www.sec.gov/Archives/edgar/data/1037949/000104746903039630/a2124259zex-10_45.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.