Bank Loan Calendar

Total amount of deals being marketed: $22.914 billion

FEBRUARY:

AMERIPATH INC.: $375 million credit facility; Credit Suisse First Boston and Deutsche Bank; $300 million term loan B; $75 million revolver; help fund LBO by Welsh, Carson, Anderson & Stowe; Riviera Beach, Fla. provider of cancer diagnostics, genomic, and related information services.

BRESNAN BROADBAND HOLDINGS LLC: $400 million credit facility; JPMorgan Chase, TD Securities and Wachovia; $100 million seven-year revolver; $75 million seven-year term A; $225 million 71/2-year term loan B; help fund acquisition of Comcast Corp.'s cable television systems; White Plains, N.Y. broadband communications provider.

CONSTELLATION BRANDS INC.: $2 billion credit facility; JPMorgan, Salomon Smith Barney and UBS Warburg; $800 million six-year term B; $400 million five-year term A; $400 million five-year revolver; $400 million bridge loan if necessary; help fund acquisition of BRL Hardy Ltd.; Fairport, N.Y. producer and marketer of alcoholic beverages.

DIRECTV HOLDINGS LLC: Bank meeting Feb. 13; $1.55 billion credit facility (BB-); Deutsche Bank, Bank of America, Credit Suisse First Boston, Goldman Sachs and Salomon Smith Barney; $250 million five-year revolver at Libor plus 350 bps; $500 million five-year term A at Libor plus 350 bps; $800 million seven-year term B at Libor plus 375 bps; secured by DirecTV's assets; repay outstanding indebtedness under Hughes existing credit facilities, to fund Hughes' business plan through projected cash flow breakeven and for Hughes' other corporate purposes; expected close early March; El Segundo, Calif. digital satellite television service provider.

DOLE FOOD CO. INC.: Bank meeting late February; $1.15 billion credit facility; Deutsche Bank, Scotia Capital and Bank of America; $850 million of term loans; $300 million revolver; help fund buyout of Dole by DHM Acquisition Co., which is wholly owned by David H. Murdock; Westlake Village, Calif. producer and marketer of fresh fruit, vegetables and flowers.

GAYLORD ENTERTAINMENT CO.: $225 million credit facility; Deutsche, Bank of America, CIBC; $200 million three-year term loan; $25 million three-year revolver; repay existing term loan and complete construction of Gaylord Opryland Texas Resort & Convention Center; Nashville, Tenn. diversified entertainment and communications company

MOORE CORP. LTD.: Bank meeting probably late February; $850 million credit facility; Deutsche Bank, Salomon Smith Barney and Morgan Stanley; $500 million term B; $350 million pro rata; help fund the acquisition of Wallace Computer Services Inc.; Mississauga, Ont. manager and distributor of print information.

TWEETER HOME ENTERTAINMENT GROUP INC.: Bank meeting second or third week of February; $110 million three-year revolver; Fleet National Bank; replace existing revolver; Canton, Mass. retailer of audio and video consumer electronics products.

FIRST QUARTER:

ALLIED WASTE INDUSTRIES INC.: $3 billion credit facility; JPMorgan, Citibank, Credit Suisse First Boston, Deutsche Bank and UBS Warburg; about $1.5 billion pro rata with price talk of Libor plus 300 bps; about $1.5 billion institutional with price talk of Libor plus 350 bps; refinance debt; Scottsdale, Ariz. solid waste management company.

UPCOMING CLOSINGS

ALLEGHENY ENERGY INC.: $2.062 billion credit facility; Citibank, JPMorgan and Scotia Capital; $1.148 billion term loan at Libor plus 400 bps for Allegheny Energy Supply; $269 million senior secured term loan at Libor plus 400 bps; $470 million senior secured additional financing term loan at Libor plus 600 bps; $175 million senior revolver at Libor plus 500 bps; all due April 2005; refinance existing debt; Hagerstown, Md. energy company.

BOSTON CELTICS: $180 million credit facility; SG Cowen; $100 million five-year term loan for the operating company at Libor plus 150 bps; $80 million five-year term loan for the holding company at Libor plus 250 bps; help finance acquisition of Boston Celtics by Boston Basketball Partners LP; NBA basketball team.

BURNS PHILP & CO. LTD.: $375 million six-year term B at Libor plus 450 bps (B1/B+); Credit Suisse First Boston; help fund acquisition of Goodman Fielder Ltd.; Australian producer of yeast products, bakery ingredients and herbs and spices.

CENTRAL PARKING CORP.: $350 million credit facility (Ba2); Bank of America; $175 million five-year revolver at Libor plus 275 bps; $175 million seven-year term loan B; Nashville parking facility operator.

CINEMARK USA INC.: $200 million credit facility (Ba3/BB-); Lehman Brothers; $75 million five-year revolver at Libor plus 300 bps and 50 bps commitment fee; $125 million term B with price talk of Libor plus 300 bps; refinance senior sub notes; Plano, Tex. movie operator.

CROWN CORK & SEAL CO. INC.: $1.05 billion credit facility (Ba3/B); Deutsche and Salomon Smith Barney; $550 million first lien revolver at Libor plus 400 bps due Sept. 15, 2006, commitment fee is 100 bps if unused portion is less than 33%, 75 bps if unused potion is less than 66% but greater than 33% and 50 bps if unused portion is greater than or equal to 66%; $500 million first lien term B at Libor plus 425 bps due Sept. 15, 2008; secured by basically all assets of U.S. credit group; refinance existing revolver and about $900 million senior notes; Philadelphia supplier of packaging products.

CSX LINES LLC (HORIZON LINES LLC): $200 million credit facility (Ba3/BB-); ABN Amro and UBS Warburg joint lead arrangers; $175 million six-year term loan B at Libor plus 400 bps; $25 million five-year revolver at Libor plus 350 bps; secured by basically all assets; help fund acquisition of CSX Lines by the Carlyle Group; Charlotte, N.C. container shipping company.

FRESENIUS MEDICAL CARE: $1.5 billion credit facility (Ba1/BB+); Credit Suisse First Boston, Bank of America and Dresdner; $500 million revolver at Libor plus 225 bps; $500 million term A at Libor plus 225 bps; $500 million term B at Libor plus 275 bps; refinancing; German kidney dialysis company.

GRAHAM PACKAGING CO.: $845 million credit facility (B); Deutsche Bank lead arranger and bookrunner, Salomon Smith Barney syndication agent; $695 million seven-year term B at Libor plus 375 bps; $150 million five-year revolver at Libor plus 350 bps; secured by all assets; repay bank debt, redeem notes and general corporate purposes; York, Pa. plastic container company.

HOUGHTON MIFFLIN: $325 million revolver at Libor plus 325 bps (Ba3/BB-); CIBC, Goldman and Deutsche; Boston publishing company.

INTERNATIONAL TRANSMISSION CO.: $320 million credit facility; CIBC lead bank, Union Bank of California and SocGen co-syndication agents; operating company $185 million six-year term B at Libor plus 250 bps and $15 million three-year revolver at Libor plus 250 bps; holding company $120 million six-year term B at Libor plus 375 bps; help fund acquisition by affiliates of Kohlberg Kravis Roberts & Co. and Trimaran Capital Partners LLC; Detroit-based transmission business subsidiary of DTE Energy.

ISLE OF CAPRI BLACK HAWK LLC: $135 million add-on (B1/B+); CIBC administrative agent; $105 million term C due 2006 at Libor plus 400 bps; $30 million revolver add-on due 2005 at Libor plus 325 bps to 400 bps based on leverage; help fund purchase of Colorado Central Station Casino and Colorado Grande Casino from International Game Technology, Inc.; Colorado hotel casino jointly owned by Isle of Capri Casinos and Nevada Gold & Casinos.

LENNAR CORP.: $300 million term loan B at Libor plus 200 bps; Deutsche Bank; refinancing; Miami homebuilder and a provider of residential financial services.

NATIONAL BEDDING CO.: $235 million credit facility (B1/B+); Bank of America; $60 million revolver; $75 million term A; $100 million term B; all due in 2008; secured by all assets; help fund acquisition of Sleepmaster LLC; Illinois bedding manufacturer.

NEW YORK METS: $137 million term loan at Libor plus 275 bps; Lehman Brothers; already funded and used to help Fred Wilpon purchase the remaining 50% ownership in the team from Nelson Doubleday; New York baseball team franchise.

NEXSTAR BROADCASTING GROUP INC.: $260 million credit facility (Ba3/B+); Bank of America and Bear Stearns; $85 million revolver at Libor plus 325 bps; $175 million term B at Libor plus 350 bps; refinancing; Clarks Summit, Pa. television station operator.

PATRIOT MEDIA AND COMMUNICATIONS LLC: $165 million credit facility; Bank of New York; $65 million pro rata at Libor plus 375 bps; $100 million term B at Libor plus 450 bps; help fund spin off from RCN Corp. with Spectrum Equity Investors as equity sponsor; New Jersey cable company.

PENN NATIONAL GAMING INC.: $800 million credit facility (B1/B+); Bear Stearns, Merrill Lynch joint lead arrangers, joint bookrunners and syndication agents; $600 million term B at Libor plus 400 bps; $100 million revolver at Libor plus 300 bps; $100 million term A at Libor plus 300 bps; secured by assets and stock; fund acquisition of Hollywood Casino Corp. and refinance debt; Wyomissing, Pa. gaming company.

PERRY ELLIS INTERNATIONAL INC.: $110 million three-year revolver with an interest rate ranging from Libor plus 200 to 275 bps depending on the funded debt to EBITDA and availability; Congress Financial Corp.; help fund the acquisition of Salant Corp., working capital and general corporate purposes; Miami men's clothing company.

SILGAN HOLDINGS INC.: Expected close end of February; $100 million add-on term loan at Libor plus 200 bps; Deutsche Bank; help fund acquisition of remaining 65% percent interest in White Cap joint venture from Amcor White Cap Inc.; Stamford, Conn. manufacturer of consumer goods packaging products.

THERMA-TRU CORP.: $330 million credit facility (Ba3/BB-); CIBC; $75 million revolver at Libor plus 275 bps; $255 million term B at Libor plus 325 bps; pricing refinancing; Maumee, Ohio fiberglass door manufacturer.

TRW AUTOMOTIVE: $1.81 billion credit facility (Ba2/BB/BB); Credit Suisse First Boston, JPMorgan, Deutsche Bank, Lehman Brothers and Bank of America; $500 million six-year revolver at Libor plus 350 bps; $410 million six-year term A at Libor plus 350 bps; $900 million eight-year term B at Libor plus 400 bps; all tranches will be comprised of euros and U.S. dollars; help fund acquisition of TRW by The Blackstone Group from Northrop Grumman Corp.; Livonia, Mich. diversified supplier of automotive systems, modules and components.

UAL CORP.: $1.2 billion DIP; J.P. Morgan Chase and Citibank; $800 million revolver; $400 million term loan; both priced at Libor plus 650 bps; Elk Grove Township, Ill. airline operator.

VERITAS DGC INC.: $265 million credit facility (Ba2/BB+/BB+); Deutsche Bank; $60 million three-year revolver at Libor plus 350 to 400 bps; $40 million three-year term A at Libor plus 350 to 400 bps; $125 million four-year term B at Libor plus 500 bps; $40 million five-year term C (not being syndicated) at Libor plus 750 bps; refinancing; Houston provider of geophysical services to oil and gas industry.

ON THE HORIZON:

KINETIC SYSTEMS, INC.: $150 million credit facility; Bank of Nova Scotia; to pay separation note to Celerity Group, Inc.; Milpitas, Calif. provider of turnkey process systems and operating services.

KMART CORP.: $2 billion 36-month revolving exit financing facility at Libor plus 350 bps; GE Commercial Finance, Fleet Retail Finance Inc. and Bank of America; secured by inventory; replace DIP and help fund working capital needs; Troy, Mich. discount retailer.

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.

MERIDIAN AUTOMOTIVE SYSTEMS INC.: To close in conjunction with IPO; $275 million senior secured credit facility; CSFB administrative agent; $150 million term loan due 2009, add-on to existing term for a total of $290 million, Libor plus 350 bps (subject to a grid that goes down to Libor plus 275 bps); $125 million five-year revolver; secured by basically all assets; repay outstanding debt; separate $100 million incremental term loan; Dearborn, Mich. auto parts company.

SYMBION INC.: $100 million three-year revolver; in conjunction with IPO; Bank of America; commitment fee to range from 37.5 bps to 50 bps; secured by a first priority lien on substantially all real and personal property of the company and its subsidiaries, all capital stock or other interests in wholly-owned subsidiaries and a pledge of ownership interests in majority owned-subsidiaries; for acquisitions, developments of new centers and working capital; Nashville, Tenn. surgery center operator.

FULL DOCUMENTATION FOR RECENT DEALS AND AMENDMENTS:

IASIS HEALTHCARE CORP.: Amended and restated credit facility; via Citicorp North America, Inc. and UBS AG, Stamford Branch as co-syndication agents, General Electric Capital Corp. and GMAC-RFC Health Capital as co-documentation agents; dated Feb. 7.

http://www.sec.gov/Archives/edgar/data/1073615/000095014403001537/g80618exv10w1.txt

NORTHWESTERN CORP.: New $390 million credit facility via Credit Suisse First Boston; dated Feb. 6.

http://www.sec.gov/Archives/edgar/data/73088/000111667903000221/credit.txt

http://www.sec.gov/Archives/edgar/data/73088/000111667903000221/ex99-3.txt

http://www.sec.gov/Archives/edgar/data/73088/000111667903000221/ex99-4.txt

REVLON INC.: Amendment to credit facility to allow investment by MacAndrews & Forbes, to ease covenants and increase the interest rate; via Citibank as documentation agent, J.P. Morgan Securities Inc. as arranger and JPMorgan Chase Bank as administrative agent; dated Feb. 5.

http://www.sec.gov/Archives/edgar/data/890547/000095013603000215/file005.txt

STANDARD MOTOR PRODUCTS, INC.: Amendment to credit facility increasing size, extending maturity; via General Electric Capital Corp. as agent, Bank of America as syndication agent and GMAC Commercial Finance LLC as documentation agent; dated Feb. 7.

http://www.sec.gov/Archives/edgar/data/93389/000095011703000457/ex99-1.txt

© 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.