Bank Loan Calendar

Total amount of deals being marketed: $14.318 billion

MAY:

QUINTILES TRANSNATIONAL CORP./PHARMA SERVICES HOLDINGS INC.: expected $425 million credit facility; Citigroup; anticipated $75 million revolver; anticipated $350 million in term loans; help fund LBO; Durham, N.C. provider of product development and commercial development solutions to pharmaceutical, biotechnology and medical device industries.

JUNE:

GRAPHIC PACKAGING INTERNATIONAL CORP./RIVERWOOD HOLDINGS INC.: Over $1.5 billion in acquisition financing, including bank and bonds; JPMorgan, Deutsche Bank, Goldman Sachs and Morgan Stanley are equal underwriter leads, Citibank and Credit Suisse First Boston are co-leads; Atlanta paperboard packaging company.

PACKAGED ICE INC.: $170 million credit facility; CIBC, Bear Stearns and Credit Suisse First Boston; $35 million revolver; $135 million term loan B; help fund LBO by Trimaran Capital Partners and Bear Stearns Merchant Banking; Dallas packaged ice company.

TEXAS INDUSTRIES INC.: $200 million asset-based four-year revolver at Libor plus 200 to 275 bps (BB); Bank of America; working capital and general corporate purposes, including repurchasing outstanding senior notes, repaying existing bank debt, repurchasing interests in defined pool of trade receivables and retiring variable-rate industrial development revenue bonds; Dallas maker of cement and structural steel.

WACKENHUT CORRECTIONS CORP.: Launching early June; $150 million credit facility; BNP Paribas; $100 million term loan; $50 million revolver; to repurchase all common stock held by Group 4 Falck A/S; expected close by end of June; Palm Beach Gardens, Fla. correctional and detention facilities company.

UPCOMING CLOSINGS

ACCURIDE CORP.: $240 million credit facility' Citigroup; $50 million revolver at Libor plus 400 bps; $190 million second lien term loan at Libor plus 625 bps; refinance existing bank debt; Evansville, Ind. manufacturer and supplier of wheels for heavy/medium trucks and trailers.

AFFINITY GROUP INC.: $175 million credit facility (Ba2/BB-); FleetBoston and CIBC; $35 million five-year revolver at Libor plus 350 bps; $140 million six-year term B at Libor plus 400 bps; repay existing bank debt, repurchase a portion of the notes at Affinity Group Holding, Inc. and fund a shareholder distribution; Englewood, Colo. direct marketing company.

CBD MEDIA LLC: $165 million secured credit facility (Ba3/B+); Lehman Brothers and Bank of America; $160 million 61/2-year term B at Libor plus 400 bps; $5 million six-year revolver at Libor plus 350 bps; repay existing senior indebtedness and provide a cash dividend to the existing equity holders; Cincinnati multi-media publisher of Yellow and White Page directories.

CB RICHARD ELLIS: $260 million (B1) amended and restated five-year term loan B at Libor plus 425 bps; Credit Suisse First Boston lead arranger; help fund the acquisition of Insignia Financial Group Inc.; Los Angeles real estate services company.

COLFAX CORP.: $315 million credit facility; Merrill Lynch; $225 million term B at Libor plus 375 bps; $50 million revolver at Libor plus 325 bps; $40 million senior second priority term loan at Libor plus 625 bps; refinance existing senior indebtedness and fund cash portion of acquisition of Netzsch Group; Richmond, Va. provider of fluid handling and power transmission products.

CONMED CORP.: $135 million add-on to term loan B at Libor plus 275 bps; JPMorgan; refinance existing debt; Utica, N.Y. medical technology company.

CROSS COUNTRY HEALTHCARE INC.: $200 million credit facility (Ba1/BB-); Citigroup; $125 million six-year term B; $75 million five-year revolver; help fund acquisition of Med-Staff Inc., refinance existing debt and provide working capital; Boca Raton, Fla. healthcare staffing service.

CSK AUTO CORP.: $325 million credit facility; JPMorgan; $100 million revolver; $225 million term B; Both talked at Libor plus 300 bps; refinance existing asset-based loan; Phoenix retailer of automotive parts and accessories.

CUMBERLAND FARMS INC.: $325 million credit facility; Transamerica co-lead arranger and administration agent, Fleet co-lead arranger and syndication agent; $150 million five-year term A at Libor plus 275 bps; $25 million five-year revolver at Libor plus 275 bps; $150 million five-year term B at Libor plus 325 bps; refinancing, general corporate purposes, working capital; Canton, Mass. convenience store owner and operator.

EDUCATE INC.: Expected close by June 30; $130 million credit facility (B1/B+); JPMorgan; $20 million five-year revolver at Libor plus 375 bps; $110 million 5 1/2-year term loan at Libor plus 425 bps; help fund the acquisition of Sylvan Learning Systems Inc.'s K-12 education operating units; Educate, formed by the equity firm Apollo Management LP, is based in Baltimore.

GLOBAL IMAGING SYSTEMS INC.: $250 million senior secured credit facility (BB-/Ba3); Wachovia; $100 million five-year revolver at Libor plus 275 bps; $150 million six-year term loan at Libor plus 350 bps; refinance existing bank debt; Tampa, Fla. provider of office technology solutions.

HAYES LEMMERZ INTERNATIONAL INC.: $575 million credit facility (Ba3/BB-); Citibank and Lehman Brothers; $450 million six-year term B at Libor plus 450 bps; $125 million five-year revolver at Libor plus 350 bps; exit financing; Northville, Mich. auto parts maker.

INFOUSA INC.: $145 million credit facility; Bank of America; $45 million revolver; $100 million term loan with price talk around Libor plus 350 bps; refinance existing bank facility; Omaha, Neb. provider of business and consumer information products, database marketing services, data processing services, and sales and marketing solutions.

INTERFACE INC.: $100 million five-year revolver at Libor plus 300 bps (B2/B+); Wachovia; refinance debt; Atlanta manufacturer, marketer, installer and servicer of products for the commercial and institutional interiors market.

INTERLINE BRANDS INC.: $205 million credit facility (B2/B+); JPMorgan, Credit Suisse First Boston, Wachovia and Fleet; $65 million five-year revolver at Libor plus 375 bps; $140 million 61/2-year term B at Libor plus 450 bps; refinance bank debt and pay mezzanine debt; Jacksonville, Fla. building materials distributor.

KOPPERS INDUSTRIES INC.: $175 million credit facility; PNC, NatCity Investments; $100 million revolver at Libor plus 200 bps; $75 million four-year term loan at Libor plus 250 bps; Pittsburgh carbon-compound products maker.

LAIDLAW, INC.: $825 million senior secured credit facility (Ba3/BB); Credit Suisse First Boston, Citibank; $200 million five-year revolver at Libor plus 300 bps; $625 million six-year term loan B at Libor plus 425 bps; Chapter 11 exit financing; Burlington, Ont. transportation company.

LE-NATURE'S INC.: $100 million five-year revolver at Libor plus 350 bps; Wachovia; refinance existing debt; Latrobe, Pa. natural beverages company.

MEDEX INC.: $150 million credit facility (B1/B+); Wachovia and Lehman; $25 million five-year revolver at Libor plus 350 bps; $125 million six-year term B at Libor plus 375 bps; help fund Medex and One Equity's leveraged buyout of the Jelco peripheral IV catheter business of Johnson & Johnson; Dublin, Ohio seller of disposable and non-disposable critical care products.

NATIONSRENT INC.: $150 million four-year exit financing revolver; Wachovia, GECC co-arrangers, Wachovia administrative agent and bookrunner, GECC syndication agent; secured by basically all assets; refinance debt, capital expenditures and working capital needs; Fort Lauderdale, Fla. rental company.

OWENS-ILLINOIS INC. $1.9 billion credit facility (B1); Deutsche and Bank of America; $650 million four-year revolver and $500 million four-year term A at Libor plus 325 bps; $750 million five-year term B at Libor plus 325 bps; refinance debt; Toledo, Ohio manufacturer of packaging products.

OXFORD INDUSTRIES INC.: $295 million five-year senior secured revolver with price talk of Libor plus 250 bps; SunTrust Capital Markets Inc. and Merrill Lynch Capital joint lead arrangers; help fund acquisition of Viewpoint International Inc.; expected close early June; Atlanta manufacturer and marketer of branded and private label apparel.

PACER INTERNATIONAL INC.: $330 million credit facility; Deutsche; $75 million five-year revolver at Libor plus 325 bps; $255 million seven-year term B at Libor plus 325 bps; refinance existing credit facility and $150 million of notes; Concord, Calif. logistics provider.

PACIFICARE HEALTH SYSTEMS INC.: $300 million credit facility (B1); JPMorgan and Morgan Stanley; $150 million revolver; $150 million term loan talked at Libor plus 350 bps; Cypress, Calif. operator of HMOs.

PARKDALE MILLS INC.: $90 million credit facility; Wachovia; $35 million three-year revolver at Libor plus 300 bps; $55 million term A at Libor plus 300 bps; general corporate purposes; Gastonia, N.C. yarn 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.

PURE FISHING: $145 million credit facility; Wachovia; $35 million five-year revolver at Libor plus 375 bps; $110 million 61/2-year term B at Libor plus 425 bps; LBO with Whitney & Co. as sponsor; Spirit Lake, Iowa fishing tackle company.

REGAL CINEMAS INC.: $315 million term loan D due 2009 at Libor plus 275 bps (Ba2/BB-); Credit Suisse First Boston; pay a portion of an extraordinary dividend to the company's stockholders of approximately $4.35 to $4.55 per share of Class A and Class B common stock; Centennial, Colo. theaters circuit.

RENT-A-CENTER INC.: Expected close May 28; $600 million credit facility (BB/Ba2); Lehman Brothers and JPMorgan; $400 million six-year term B price talk at Libor 225 bps; $120 million five-year revolver at Libor plus 225 bps; $80 million five-year letter of credit facility at Libor plus 225 bps; refinance existing senior debt; Plano, Texas rent-to-own store operator.

RIDDELL SPORTS GROUP INC.: $80 million credit facility; Wachovia; $30 million five-year revolver at Libor plus 450 bps; $50 million five-year term A at Libor plus 450 bps; to help fund the leveraged buyout with Fenway Partners as the sponsor; designer, manufacturer and marketer of sporting equipment.

RITE AID CORP.: Expected close by end of May; $2 billion senior secured credit facility due April 2008 (B1/BB); Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. joint lead arrangers; $700 million revolver at Libor plus 350 bps; $1.15 billion term loan at Libor plus 350 bps; repay the existing $1.37 billion senior secured credit facility due March 2005 and $107 million synthetic lease due March 2005 and to replace existing $500 million revolver; Camp Hill, Pa. drugstore chain.

SYMMETRY MEDICAL INC.: $113 million credit facility; Wachovia; $15 million five-year revolver at Libor plus 400 bps; $38 million five-year term A at Libor plus 400 bps; $60 million six-year term B at Libor plus 450 bps; help fund an acquisition; manufacturer of instruments, cases and trays for OEM orthopedic device market.

THOMAS & BETTS: $175 million three-year revolver at Libor plus 225 bps (Ba2/BBB-); Wachovia; refinance; Memphis, Tenn. manufacturer of connectors and components for electrical markets.

VAIL RESORTS INC.: $425 million credit facility (BB-); Bank of America and Fleet; $325 million four-year revolver at Libor plus 200 bps; $100 million 5 ½ year term B talked at Libor plus 275 bps; refinance; Avon, Colo. ski resort operator.

VIVENDI UNIVERSAL ENTERTAINMENT: Expected close in May; $920 million five-year term loan via JPMorgan and Bank of America; Paris media, entertainment and telecom company will use proceeds to help refinance $1.6 billion bridge facility.

WERNER HOLDING CO. INC.: $230 million senior secured credit facility (Ba3/B+); JPMorgan and Citigroup; $60 million five-year revolver; $170 million six-year term loan at Libor plus 325 bps; redeem $150 million of common stock and options from existing holders; Greenville, Pa., operator in the climbing products and extruded products business segments.

WILLIAMS PRODUCTION RMT CO.: $400 million term loan B talked at Libor plus 400 bps (B2/BB/BB+); Lehman Brothers; refinance existing debt; Denver oil and gas company.

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.

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.

NTELOS INC.: $224.5 million exit financing facility; Wachovia; $50 million term A due July 25, 2007 at Libor plus 325 bps; $99.5 million term B due July 25, 2008 at Libor plus 400 bps; $75 million term C due July 25, 2008 at Libor plus 275 bps; $36 million revolver due July 25, 2007 at Libor plus 325 bps; Waynesboro, Va. digital wireless PCS provider.

SUPERIOR TELECOM INC.: $100 million nine-month DIP at Libor plus 350 bps; Deutsche lead bank and agent, GE Capital Corp. syndication agent; East Rutherford, N.J. wire and cable manufacturer.

UNITED COMPONENTS INC.: Lehman and JPMorgan; help fund leveraged buyout by Carlyle Group from UIS Inc.; auto parts manufacturer.

FULL DOCUMENTATION FOR RECENT DEALS AND AMENDMENTS:

BLOUNT, INC.: New $190 million senior credit facility via GE Corporate Lending Group as administrative agent and collateral agent, GECC Capital Markets Group, Inc. as lead arranger and Lehman Commercial Paper Inc. as syndication agent; dated May 15.

http://www.sec.gov/Archives/edgar/data/1001606/000095015703000362/ex99-2.txt

DELCO REMY INTERNATIONAL INC.: Amendment to credit facility, changing covenants, allowing financing of Mexican facility; via Congress Financial Corp. as administrative agent and U.S. collateral agent and Wachovia Bank as documentation agent; dated May 13.

http://www.sec.gov/Archives/edgar/data/1046859/000095013003003623/dex991.txt

GREYHOUND LINES, INC.: Amended and restated credit facility; via Foothill Capital Corp.; dated May 14.

http://www.sec.gov/Archives/edgar/data/813040/000095013403008458/d06189exv10w1.txt

HOST MARRIOTT, LP: Amendment to credit facility; via Deutsche Bank Trust Co. Americas as administrative agent; dated May 14.

http://www.sec.gov/Archives/edgar/data/1061937/000092838503001639/dex1040.htm

WEIRTON STEEL CORP.: $225 million DIP financing; via Fleet Capital Corp.; dated May 20.

http://www.sec.gov/Archives/edgar/data/849979/000095015203005726/j0033701exv10w1.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.