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 4/19/2007 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $68.209 billion deals being marketed

APRIL BANK MEETINGS

BOC EDWARDS: Bank meeting expected late April/early May; new credit facility; Deutsche Bank, Lehman Brothers, Barclays Bank and RBS Securities; fund acquisition by CCMP Capital from the Linde Group; manufacturer of vacuum and semiconductor equipment.

BONTEN MEDIA GROUP LLC: Expected late-April/early-May business; new credit facility; Lehman; fund acquisition of BlueStone Television LLC, an owner and operator of television stations; Bonten is an affiliate of Diamond Castle Holdings LLC.

BUCYRUS INTERNATIONAL INC.: New cross-border credit facility; Lehman; term loan; revolver; help fund acquisition of DBT GmbH from RAG Coal International; South Milwaukee, Wis., designer and manufacturer of walking draglines, electric rope mining shovels and rotary blasthole drills used by the surface mining industry.

CHAMPION WINDOW MANUFACTURING INC.: Bank meeting targeted for April 25; $330 million in new term loan debt; Bank of America; $230 million first-lien term loan; $100 million second-lien term loan; Cincinnati-based manufacturer of custom-built, vinyl-framed replacement windows and doors.

DELUXE ENTERTAINMENT SERVICES GROUP: Bank meeting April 23; $720 million credit facility; Credit Suisse and Bear Stearns; $25 million six-year synthetic letter-of-credit facility talked at Libor plus 275 bps; $585 million six-year first-lien term loan talked at Libor plus 275 bps; $110 million 61/2-year second-lien term loan talked at Libor plus 650 bps; refinance existing debt; provider of products and services to the motion picture industry.

GATE GOURMET INC.: Bank meeting in London April 23, New York April 24; CHF 850 million credit facility; Goldman Sachs and Deutsche Bank; CHF 125 million revolver; CHF 425 million funded term loan; CHF 300 million delayed-draw term loan; refinance existing debt; Zurich, Switzerland, provider of airline catering and provisioning services.

QTC MANAGEMENT INC.: Conference call April 23; $140 million first-lien term loan talked at Libor plus 250 bps; UBS; refinance existing first- and second-lien debt; Diamond Bar, Calif., outsourced disability evaluation provider.

VERINT SYSTEMS INC.: Bank meeting April 20; $675 million senior secured credit facility; Lehman Brothers, Deutsche Bank and Credit Suisse; $650 million seven-year term loan expected at Libor plus 250 bps; $25 million six-year revolver; help fund acquisition of Witness Systems, Inc.; Melville, N.Y., provider of analytic software-based solutions for security and business intelligence.

WYNN RESORTS LTD.: Bank meeting April 24; $1.25 billion equivalent senior secured credit facility; Bank of America, Deutsche Bank and Soc Gen; $500 million equivalent five-year revolver that will be available in U.S. and Hong Kong dollars talked at Libor plus 175 bps; $250 million equivalent seven-year Hong Kong dollar delayed-draw term A talked at Libor plus 175 bps; $250 million equivalent seven-year Hong Kong dollar funded term B talked at Libor plus 175 bps; $250 million seven-year U.S. dollar funded term C talked at Libor plus 175 bps; develop the Wynn Macau; Las Vegas-based developer, owner and operator of destination casino resorts.

MAY BANK MEETINGS

IPC INFORMATION SYSTEMS: Bank meeting expected first week of May; new first- and second-lien credit facility; JPMorgan, Goldman Sachs and UBS, with JPMorgan left lead on the first-lien and Goldman left lead on the second-lien; help fund acquisition of WestCom Corp. and refinance existing bank debt; New York-based provider of communications solutions to global enterprises.

NEFF CORP.: Bank meeting expected early May; new credit facility; Bank of America and UBS co-lead arrangers, CIBC and General Electric Capital Corp. involved as well; help fund acquisition by Lightyear Capital LLC from Odyssey Investment Partners; Miami-based construction equipment rental company.

NEW WORLD GAMING PARTNERS LTD.: New credit facility; Bear Stearns and Royal Bank of Canada, with Bear left lead; help fund acquisition of Gateway Casinos Income Fund and Gateway Casinos Inc. by Publishing and Broadcasting Ltd. and Macquarie Bank Ltd.; Burnaby, B.C., casino operator.

TELESAT: Expected May/June business; $2.179 billion credit facility; Morgan Stanley, UBS and JPMorgan, with Morgan Stanley left lead; C$500 million five-year term A at BA plus 200 bps if B1/B+, otherwise BA plus 225 bps; $1.054 billion seven-year term B at Libor plus 225 bps if B1/B+, otherwise Libor plus 250 bps; $386 million delayed-draw term B-1; $150 million delayed-draw term B-2; $150 million Canadian equivalent revolver at Libor plus 200 bps if B1/B+, otherwise Libor plus 225 bps, 50 bps commitment fee; help fund acquisition of Telesat Canada by a joint venture company formed by Loral Space & Communications Inc. and the Public Sector Pension Investment Board from BCE Inc.; Ottawa operator of telecommunications satellites.

UPCOMING CLOSINGS

ADESA INC.: $1.865 billion senior secured credit facility (Ba3/B); Bear Stearns, UBS, Goldman Sachs and Deutsche Bank, with Bear left lead; $300 million revolver at Libor plus 225 bps; $1.565 billion covenant-light term B at Libor plus 225 bps, step down to Libor plus 200 bps at less than 4.75x total leverage or B1/B+ corporate ratings; help fund LBO by Kelso & Co., GS Capital Partners, ValueAct Capital and Parthenon Capital and merger with Insurance Auto Auctions, Inc.; Carmel, Ind., provider of wholesale vehicle auctions and used vehicle dealer floorplan financing.

ADVANCED LIGHTING TECHNOLOGIES INC.: $185 million senior secured credit facility including six-year delayed-draw loan and seven-year second-lien loan; CIT Lending Services Corp.; refinance existing credit facilities and 11% senior notes, provide working capital and fund future acquisitions; expected close in May; Solon, Ohio, designer, manufacturer and marketer of metal halide and other lighting products.

ALLIANCE ONE INTERNATIONAL INC.: $385 million amended and restated credit facility (B1/BB-); Wachovia; $250 million 31/2-year revolver talked at Libor plus 275 bps; $135 million four-year term loan talked at Libor plus 225 bps; refinance existing debt; Morrisville, N.C., leaf tobacco company.

ALLIED HOLDINGS INC.: $315 million senior secured DIP that is convertible into an exit facility; Goldman Sachs; $230 million term loan at Libor plus 350 bps; $50 million synthetic letter-of-credit facility at Libor plus 350 bps; $35 million revolver at Libor plus 350 bps, 50 bps undrawn fee; refinance existing DIP; Decatur, Ga., distributor of new and used vehicles.

AMERICAN GAMING SYSTEMS INC.: $175 million senior secured credit facility; UBS; $20 million five-year revolver talked at Libor plus 300 bps, 50 bps commitment fee; $125 million six-year first-lien term loan talked at Libor plus 300 bps; $30 million six-year delayed-draw first-lien term loan talked at Libor plus 300 bps, 100 bps unused fee for six months, half the applicable Libor interest margin thereafter; refinance existing debt and fund new business development; expected close by May 7; Simpsonville, S.C., designer, manufacturer and operator of slot machines and other games.

AMERIGROUP CORP.: $180 million five-year senior secured credit facility (Ba3/BB); Goldman Sachs and Wachovia; $50 million revolver at Libor plus 200 bps; $130 million synthetic letter-of-credit facility at Libor plus 200 bps; help fund settlement of the Illinois qui tam litigation; Virginia Beach, Va., managed health care company.

BAKER TANKS INC.: $200 million of incremental bank debt; Goldman Sachs and CIBC, with Goldman left lead; $175 million term B add-on talked at Libor plus 225 bps; $25 million revolver add-on talked at Libor plus 225 bps; dividend recapitalization; Seal Beach, Calif., liquid and solid containment equipment rental and leasing company.

BENCHMARK MEDICAL INC.: $135 million credit facility; General Electric Capital Corp.; $20 million revolver talked at Libor plus 350 bps; $80 million first-lien term loan talked at Libor plus 350 bps; $35 million second-lien term loan talked at Libor plus 700 bps, call protection 102, 101; refinance existing debt; Malvern, Pa., provider of outpatient physical rehabilitation services.

BOISE CASCADE LLC: $775 million of term debt with only incurrence covenants; JPMorgan and Lehman; $250 million delayed-draw term loan talked at Libor plus 150 bps, 50 bps ticking fee; $525 million funded term loan talked at Libor plus 150 bps; refinance existing debt; Boise, Idaho, paper and wood products manufacturing and building materials distribution business.

CANNERY CASINO RESORTS LLC: $860 million credit facility; Bank of America and Merrill Lynch, with Bank of America left lead on the first-lien and Merrill left lead on the second-lien; $75 million five-year revolver (B2/BB-) talked at Libor plus 225 bps; $350 million six-year first-lien term B (B2/BB-) talked at Libor plus 225 bps; $320 million six-year delayed-draw term loan (B2/BB-) talked at Libor plus 225 bps, 112.5 bps unused fee; $115 million seven-year second-lien term loan (Caa1/B-) talked at Libor plus 450 bps, non-callable for one year, 102, 101; refinance existing debt, construct a permanent casino in western Pennsylvania and redevelop the Nevada Palace casino in Las Vegas; Las Vegas-based owner and operator of hotels and casinos.

CAPROCK COMMUNICATIONS: $255 million credit facility; Credit Suisse; $40 million five-year revolver (Ba3) talked at Libor plus 300 bps, 50 bps commitment fee; $150 million five-year term B (Ba3) talked at Libor plus 300 bps; $65 million six-year second-lien term loan (Caa1) talked at Libor plus 650 bps; acquisition financing; Houston-based satellite communications provider.

CARESTREAM HEALTH INC.: $2.09 billion credit facility; Credit Suisse and Goldman Sachs; $150 million five-year revolver (Ba2/B+) at Libor plus 200 bps, 50 bps commitment fee; $1.5 billion six-year first-lien term B (Ba2/B+) at Libor plus 200 bps; $440 million 61/2-year second-lien term loan (B3/B) at Libor plus 525 bps, 101 call protection; help fund Onex Corp.'s acquisition of Eastman Kodak Co.'s Rochester, N.Y.-based health group business, which consists of medical, dental and molecular imaging systems businesses.

CASELLA WASTE SYSTEMS, INC.: $75 million term loan B add-on; Bank of America; pay down revolver and provide additional flexibility to redeem the series A redeemable convertible preferred stock; Rutland, Vt., waste treatment company.

CLARKE AMERICAN CORP.: $1.9 billion credit facility (B1/B+); Credit Suisse, Bear Stearns, Citigroup and JPMorgan; $1.8 billion seven-year term B at Libor plus 250 bps; $100 million six-year revolver at Libor plus 250 bps, 50 bps commitment fee; fund M&F Worldwide Corp.'s acquisition of John H. Harland Co.; New York-based producer of licorice products for the tobacco, food, pharmaceutical and confectionery industries.

COACH AMERICA: $380 million credit facility; Bear Stearns and RBS Securities joint lead, with Bear sole bookrunner; $30 million revolver (B1/B) at Libor plus 275 bps; $195 million funded first-lien term loan (B1/B) at Libor plus 275 bps; $50 million delayed-draw for one year first-lien term loan (B1/B) at Libor plus 275 bps, 125 bps undrawn fee; $50 million synthetic letter-of-credit facility (B1/B) at Libor plus 275 bps; $55 million second-lien term loan (Caa1/CCC+) at Libor plus 650 bps, call protection 102, 101; fund acquisition by Fenway Partners from Kohlberg & Co.; tour and charter bus operator and motorcoach services provider.

COCREATE SOFTWARE INC.: $193 million credit facility; Credit Suisse; $8 million five-year revolver talked at Libor plus 250 bps, 50 bps commitment fee; $125 million six-year term B talked at Libor plus 250 bps; $60 million seven-year second-lien term loan talked at Libor plus 600 bps; recapitalization; Fort Collins, Colo., marketer of design, drafting and collaborative software for creating mechanical products.

COLLINS & AIKMAN FLOORCOVERINGS INC.: $245 million seven-year covenant-light term B (B2/B+) talked at Libor plus 250 bps; Bank of America and Wachovia Bank; redeem 9¾% senior subordinated notes due 2010 and repay a portion of ABL loan; Dalton, Ga., manufacturer of floorcovering products for the commercial carpet market.

CPG FINANCE INC.: $130 million senior unsecured holdco PIK term loan (Caa2/CCC) talked at Libor plus 700 bps to 750 bps, OID 99; Goldman Sachs and Bank of America; pay a dividend to shareholders; indirect parent of Exopack Holding Corp., a Spartanburg, S.C., manufacturer of flexible packaging material.

CRC-EVANS PIPELINE INTERNATIONAL: $140 million credit facility; Wachovia; $100 million term loan talked at Libor plus 250 bps; $40 million revolver talked at Libor plus 225 bps; dividend recapitalization; Houston-based manufacturer of equipment and supplier of services to the pipeline industry.

CULLIGAN HOLDING SARL: $640 million senior secured first-lien credit facility (B1/B); BNP Paribas and Citigroup; $110 million revolver talked at Libor plus 225 bps; $530 million term B talked at Libor plus 225 bps; also €200 million second-lien term loan (Caa1/CCC+) talked at Libor plus 425 bps; fund distribution to equity holders, refinance existing credit facility and repay 8% senior subordinated notes due 2014; Northbrook, Ill., provider of water treatment products and services.

DELTA AIR LINES, INC.: $2.5 billion exit facility; JPMorgan, Goldman Sachs, Merrill Lynch, Lehman Brothers, UBS and Barclays Capital, with JPMorgan left lead on the first-lien and Goldman left lead on the second-lien; $1 billion five-year revolver (B+) at Libor plus 200 bps; $600 million five-year first-lien term A (B+) at Libor plus 200 bps; $900 million seven-year second-lien term B (B-) at Libor plus 325 bps; repay DIP facility, fund other bankruptcy payments and increase cash balance; Atlanta-based airline.

DIAMOND RESORTS LLC: $415 million senior secured credit facility; Credit Suisse; $25 million revolver talked at Libor plus 350 bps, 50 bps commitment fee; $250 million five-year first-lien term B talked at Libor plus 350 bps; $140 million six-year second-lien term loan at Libor plus 750 bps, call protection 102, 101; help fund acquisition of Sunterra Corp.; Las Vegas-based developer, manager, marker and seller of vacation ownership properties.

DOUGLAS DYNAMICS LLC: $145 million credit facility; Credit Suisse; $60 million five-year ABL revolver talked at Libor plus 150 bps; $85 million six-year term B (Ba2/BB-) talked at Libor plus 300 bps; refinance existing debt; Milwaukee, Wis., manufacturer, seller and supporter of snow and ice control equipment.

DRESSER INC.: $2.05 billion credit facility; Lehman Brothers, Morgan Stanley, Credit Suisse and UBS, with Lehman left lead; $1.15 billion term loan (B2/B) talked at Libor plus 250 bps; $750 million PIK toggle second-lien term loan (B3/CCC+) talked at Libor plus 575 bps to 600 bps, call protection 102, 101; $150 million revolver (B2/B) talked at Libor plus 250 bps; help fund buyout by Riverstone Holdings LLC, First Reserve and Lehman Brothers Co-Investment Partners; Dallas-based provider of highly engineered infrastructure products for the energy industry.

EDGEN MURRAY LP: $500 million credit facility; Lehman Brothers and Jefferies Finance LLC; $425 million seven-year first-lien term loan (B3/B) (a portion of which is available at a U.K. borrower) talked at Libor plus 275 bps; $75 million eight-year second-lien term loan (B3/CCC+) talked at Libor plus 600 bps to 625 bps, call protection 102, 101; also $150 million ABL revolver led by GMAC that is being done via a separate syndication; refinance existing debt and back purchase by Jefferies Capital Partners and management; Baton Rouge, Pa., distributor of high performance carbon and alloy steel products.

EXCO RESOURCES INC.: $1 billion revolver at Libor plus 125 bps; JPMorgan; refinance existing debt and help fund acquisitions of oil and gas properties; Dallas-based independent energy company.

EXPRESS SCRIPTS INC.: $800 million five-year delayed-draw term loan tack-on talked at Libor plus 50 bps, 10 bps commitment fee; Credit Suisse and Citigroup; recapitalization; St. Louis-based pharmacy benefit management company.

FLEETCOR TECHNOLOGIES, INC.: $350 million credit facility; JPMorgan; $50 million revolver; $300 million term loan talked at Libor plus 275 bps; fund a dividend; Norcross, Ga., management services provider for business fleets.

FONTAINEBLEAU LAS VEGAS LLC: $1.85 billion credit facility (B1/B); Bank of America, Barclays, Deutsche and Merrill Lynch; $800 million five-year revolver at Libor plus 275 bps, 50 bps unused fee; $700 million funded term B at Libor plus 275 bps; $350 million delayed-draw term B at Libor plus 275 bps, 200 bps unused fee; fund construction of a hotel and casino project in Las Vegas.

GATEHOUSE MEDIA INC.: $275 million term loan add-on (BB-) talked at Libor plus 200 bps to 225 bps; Wachovia, Goldman Sachs and Morgan Stanley, with Wachovia left lead; help fund the acquisition of four daily newspapers from Gannett Co., Inc.; Fairport, N.Y., publisher of locally based print and online media.

THE GOODYEAR TIRE & RUBBER CO.: $2.7 billion amended and restated credit facility; JPMorgan and Deutsche Bank, with JPMorgan left lead; $1.5 billion asset-based revolver (Ba1/BB) due in 2013 at Libor plus 125 bps; $1.2 billion second-lien term loan (Ba2/B+) due in 2014 at Libor plus 175 bps; also €505 million amended and restated revolver (Ba1) due in 2012 at Euribor plus 200 bps; refinance existing credit facilities; expected close in April; Akron, Ohio, tire company.

GRACEWAY PHARMACEUTICALS LLC: $960 million senior secured credit facility; Goldman Sachs, Bank of America and Deutsche Bank, with Goldman left lead; $30 million revolver (Ba3/BB-); $600 million first-lien term loan (Ba3/BB-); $330 million second-lien term loan (Caa1/B-); also $120 million mezzanine loan; refinance existing debt and fund a dividend to sponsors; Bristol, Tenn., pharmaceutical company.

GRAHAM PACKAGING HOLDINGS CO.: $1.875 billion term B (B1/B) talked at Libor plus 225 bps, steps to Libor plus 250 bps and Libor plus 200 bps based on leverage and ratings grid, 101 soft call; Deutsche Bank and Citigroup; repay second-lien term loan and refinance existing first-lien term B, while stripping covenants; York, Pa., producer of custom high-value-added blow-molded plastic containers.

H3C HOLDINGS LTD.: $430 million 51/2-year senior secured term loan talked at Libor plus 250 bps to 275 bps; Goldman Sachs; finance a portion of the purchase price for parent company 3Com Corp.'s already completed acquisition of 49% of its China-based joint venture, Huawei-3Com Co., Ltd. from an affiliate of Huawei Technologies; telecom infrastructure company.

HUISH DETERGENTS INC.: $975 million credit facility; JPMorgan; $100 million six-year revolver (B1/B) talked around Libor plus 225 bps; $600 million seven-year first-lien term loan (B1/B) talked around Libor plus 225 bps; $275 million 71/2-year second-lien term loan (Caa1/CCC+) talked around Libor plus 450 bps; help fund acquisition by Vestar Capital Partners; Salt Lake City-based manufacturer of private label laundry detergent and fabric softeners.

IASIS HEALTHCARE LLC: $829 million credit facility (Ba2/B); Bank of America and Citigroup; $439 million seven-year term loan talked at Libor plus 225 bps; $150 million seven-year delayed-draw term loan talked at Libor plus 225 bps, 100 bps undrawn fee; $200 million six-year revolver talked at Libor plus 200 bps; $40 million seven-year synthetic letter-of-credit facility talked at Libor plus 225 bps; refinance existing credit facility; Franklin, Tenn., owner and operator of medium-sized acute care hospitals.

ICONIX BRAND GROUP INC.: $212.5 million six-year senior secured term loan (B1/B+) talked at Libor plus 200 bps to 225 bps; Lehman; help fund already completed acquisition of Rocawear; New York-based owner, licenser and marketer of consumer brands.

INFORMATION RESOURCES INC.: $330 million credit facility; Bank of America; $40 million five-year revolver talked at Libor plus 225 bps; $290 million seven-year term loan talked at Libor plus 225 bps; recapitalization; Chicago-based market research firm.

JASON INC.: $260 million credit facility; General Electric Capital Corp.; $40 million revolver talked at Libor plus 275 bps to 300 bps; $220 million term loan talked at Libor plus 275 bps to 300 bps; refinance bank debt, subordinated debt and preferred equity; Milwaukee-based diversified manufacturing company.

J.L. FRENCH AUTOMOTIVE CASTINGS INC.: $195 million credit facility; Goldman Sachs; $145 million first-lien term B talked at Libor plus 325 bps to 350 bps; $50 million revolver; refinance existing first-lien bank debt; Sheboygan, Wis., supplier of high-pressure die-cast aluminum automotive components and assemblies.

KINDER MORGAN INC.: $7.3 billion credit facility (Ba2/NA/BB); Citigroup, Goldman Sachs, Deutsche Bank, Wachovia and Merrill Lynch; $2 billion 61/2-year term A talked at Libor plus 162.5 bps; $2.3 billion seven-year term B talked at Libor plus 150 bps to 175 bps; $2 billion three-year asset-sale bridge term C talked at Libor plus 137.5 bps; $1 billion six-year revolver talked at Libor plus 162.5 bps; help fund public-to-private buyout by management and equity investors; Houston-based energy infrastructure provider.

LAS VEGAS SANDS CORP.: $5 billion domestic credit facility (Ba3/BB-); Goldman Sachs, Lehman Brothers and Citigroup joint lead arrangers and joint bookrunners, with Goldman left lead, Scotia Capital and JPMorgan agents; $3 billion seven-year funded term B talked at Libor plus 175 bps; $600 million delayed-draw term loan available for 12 months with seven-year final maturity talked at Libor plus 175 bps, 75 bps unused fee; $400 million delayed-draw term loan available for 18 months with six-year final maturity talked at Libor plus 175 bps, 50 bps unused fee; $1 billion five-year revolver talked at Libor plus 150 bps, 37.5 bps commitment fee; refinance existing domestic credit facility, provide funding for current and future capital needs and for general corporate purposes; Las Vegas-based developer of multi-use integrated resorts.

LENOX GROUP INC.: $275 million credit facility; UBS; $175 million ABL revolver talked at Libor plus 175 bps to 225 bps; $100 million term loan talked at Libor plus 400 bps to 425 bps; refinance existing bank debt and fund ongoing working capital requirements; expected close before April 30; Eden Prairie, Minn., tabletop, collectible and giftware company.

LOCAL TV LLC: $305 million senior secured credit facility; UBS and Deutsche Bank; $30 million six-year revolver talked at Libor plus 225 bps; $275 million six-year term loan talked at Libor plus 225 bps; fund purchase of the television stations of the New York Times Broadcast Media Group by Oak Hill Capital Partners; broadcasting company.

MAGUIRE PROPERTIES INC.: $530 million credit facility (Ba3/BB-); Credit Suisse, Lehman Brothers and Merrill Lynch, with Credit Suisse sole lead arranger; $400 million five-year term B talked at Libor plus 200 bps; $130 million four-year revolver talked at Libor plus 200 bps, 50 bps commitment fee; help fund acquisition from the Blackstone Group of all of the properties in Orange County and Downtown Los Angeles that were part of the former Equity Office Properties portfolio; Los Angeles-based real estate investment trust.

MCKECHNIE AEROSPACE: $540 million credit facility; Bear Stearns and Morgan Stanley joint lead arrangers, with Bear Stearns sole bookrunner, General Electric Capital Corp. documentation agent; $40 million revolver (Ba3/B+) talked at Libor plus 250 bps; $300 million first-lien term B (Ba3/B+) talked at Libor plus 250 bps; $200 million second-lien term loan (Caa1/CCC+) talked at Libor plus 550 bps, call protection 102, 101; help fund acquisition by JLL Partners from Melrose plc; Alcester, England-based producer of door latches, rods and struts for aircraft interiors and a distributor of aircraft batteries.

MERISANT CO.: $85 million three-year term B add-on (B3) talked at Libor plus 350 bps; Credit Suisse; repay second-lien loan; Chicago-based marketer of low-calorie tabletop sweeteners.

OCEANIA CRUISES INC. $415 million credit facility; Lehman Brothers and UBS; $40 million revolver (B1/B) talked at Libor plus 225 bps; $300 million first-lien term loan (B1/B) talked at Libor plus 225 bps; $75 million second-lien term loan (Caa1/CCC+) talked at Libor plus 575 bps, call protection 102, 101; help fund buyout by Apollo Management LP; Miami-based upper-premium cruise line.

ONE COMMUNICATIONS CORP.: $590 million credit facility (B1/B); Goldman Sachs; $30 million revolver; $560 million first-lien term loan talked at Libor plus 350 bps; refinance the existing credit facility; Waltham, Mass., communications provider.

ORECK CORP.: $200 million credit facility; Goldman Sachs; $20 million revolver (B1); $130 million first-lien term loan (B1) talked at Libor plus 275 bps; $50 million second-lien term loan (Caa1) talked at Libor plus 550 bps; refinance existing debt; New Orleans-based vacuum maker.

OSI RESTAURANT PARTNERS INC.: $1.33 billion senior secured credit facility (BB-); Deutsche Bank and Bank of America; $1.08 billion seven-year term loan talked at Libor plus 250 bps; $150 million six-year revolver talked at Libor plus 250 bps; $100 million six-year pre-funded revolver talked at Libor plus 250 bps; help fund LBO by Bain Capital Partners, LLC, Catterton Partners and company founders Chris T. Sullivan, Robert D. Basham and J. Timothy Gannon; Tampa, Fla., casual dining restaurants company.

OXBOW CARBON & MINERALS HOLDINGS INC.: $1.1 billion credit facility (B1); Bank of America; $950 million term loan talked at Libor plus 225 bps to 250 bps; $150 million revolver talked at Libor plus 225 bps to 250 bps; fund the acquisition of Great Lakes Carbon Income Fund; West Palm Beach, Fla., private energy company.

THE PANTRY INC.: $650 million credit facility (Ba3/BB); JPMorgan; $200 million six-year revolver talked at Libor plus 150 bps; $350 million seven-year covenant-light term B talked at Libor plus 175 bps; $100 million seven-year covenant-light delayed-draw term loan talked at Libor plus 175 bps, unused fee 75 bps for first six months and 87.5 bps for months seven through 12; refinance existing debt; Sanford, N.C., convenience store chain.

PATHEON INC.: $225 million credit facility; JPMorgan and General Electric Capital Corp.; $150 million seven-year term loan (B1/B+) at Libor plus 250 bps; $75 million five-year revolver (B1/BB); refinance existing facility in connection with an investment by JLL Partners; Mississauga, Ont., provider of drug development and manufacturing services to the pharmaceutical industry.

PINNACLE FOODS GROUP INC. (PEAK FINANCE LLC): $1.375 billion senior secured credit facility (B2/B-); Lehman and Goldman Sachs, with Lehman left lead; $125 million revolver at Libor plus 275 bps; $1.25 billion covenant-light term B at Libor plus 275 bps; help fund LBO by the Blackstone Group; Cherry Hill, N.J., manufacturer, marketer and distributor of branded food products.

QUESTEX MEDIA GROUP INC.: $230 million credit facility; Credit Suisse; $30 million five-year revolver talked at Libor plus 300 bps; $150 million seven-year first-lien term B talked at Libor plus 300 bps; $50 million seven-year second-lien term loan talked at Libor plus 650 bps; refinance existing debt; Newton, Mass., business-to-business integrated media provider.

RCN CORP.: $595 million credit facility; Deutsche Bank, Citigroup and SocGen; $75 million revolver talked at Libor plus 200 bps; $520 million covenant-light term B at Libor plus 225 bps; refinance existing first-lien debt, tender for second-lien convertibles and pay a special dividend to shareholders; Herndon, Va., provider of video, data and voice services.

RGIS HOLDINGS LLC: $600 million credit facility (Ba3/B-); Goldman Sachs, with Wachovia administrative agent and General Electric Capital Corp. documentation agent; $75 million revolver talked at Libor plus 250 bps, 50 bps unused fee; $500 million term loan talked at Libor plus 250 bps; $25 million delayed-draw term loan talked at Libor plus 250 bps, 75 bps undrawn fee; also mezzanine financing; help fund the Blackstone Group's acquisition of a controlling interest in the company; Auburn Hills, Mich., inventory and retail services company.

SKILLSOFT PLC: $225 million secured credit facility (B2); Credit Suisse; $25 million five-year revolver talked at Libor plus 250 bps to 275 bps, 50 bps commitment fee; $200 million six-year term B talked at Libor plus 250 bps to 275 bps; help fund acquisition of NETg from Thomson Corp.; Nashua, N.H., provider of e-learning and performance support solutions.

SMART & FINAL INC.: $685 million credit facility; Credit Suisse, Bank of America and Bear Stearns; $200 million seven-year covenant-light funded first-lien term loan (B1/B) talked at Libor plus 225 bps to 250 bps; $160 million seven-year covenant-light delayed-draw first-lien term loan (B1/B) talked at Libor plus 225 bps to 250 bps; $175 million 71/2-year PIK toggle second-lien term loan (B3/CCC) talked at Libor plus 575 bps, or Libor plus 650 bps if PIK elected, call protection 102, 101; $150 million six-year asset-based revolver (Ba1) talked at Libor plus 150 bps, 25 bps commitment fee; help fund LBO by Apollo Management, LP; City of Commerce, Calif., operator of non-membership warehouse stores for food and foodservice supplies.

SOLERA HOLDINGS LLC: $657.5 million amended and restated senior credit facility (B1/B+); Goldman Sachs and Citigroup; $50 million revolver; $607.5 million term B divided into a euro tranche and a U.S. tranche talked at Libor plus 200 bps; in connection with common stock IPO; refinance existing bank debt; San Ramon, Calif., provider of software and services to the automobile insurance claims processing industry.

STELCO INC.: C$275 million U.S. dollar equivalent six-year term loan talked at Libor plus 350 bps; General Electric Capital Corp.; refinance revolving term loan; Hamilton, Ont., steel company.

SVP WORLDWIDE: Repricing first-lien term loan at Libor plus 275 bps from Libor plus 300 bps; UBS; manufacturer, marketer and distributor of consumer sewing machines.

SWIFT TRANSPORTATION CO. INC.: $2.17 billion senior secured credit facility (B1); Morgan Stanley, Wachovia and JPMorgan; $450 million five-year revolver talked at Libor plus 250 bps to 275 bps; $1.72 billion seven-year term B talked at Libor plus 250 bps to 275 bps; help fund buyout by director and largest shareholder Jerry Moyes; Phoenix truckload carrier.

SYNAGRO TECHNOLOGIES INC.: $540 million senior secured credit facility; Bank of America, Citigroup and Lehman; $100 million revolver (Ba3/B+); $290 million first-lien term loan (Ba3/B+) at Libor plus 200 bps; $150 million second-lien term loan (Caa1/CCC+) at Libor plus 475 bps; help fund LBO by the Carlyle Group; Houston-based recycler of biosolids and other organic residuals.

TME: $160 million senior credit facility; RBS Securities and TD Securities, with RBS left lead; $20 million multicurrency revolver talked at Libor plus 325 bps; $20 million U.S. first-lien term loan talked at Libor plus 325 bps; $75 million equivalent U.K. first-lien term loan talked at Libor plus 325 bps; $45 million second-lien term loan talked at Libor plus 700 bps; help fund purchase by an undisclosed private equity sponsor; Secaucus, N.J., provider of medical communications, independent medical education and marketing sales support.

TNS INC.: $240 million senior secured credit facility (B1/BB-); General Electric Capital Corp.; $15 million six-year revolver talked at Libor plus 200 bps; $225 million seven-year term B talked at Libor plus 200 bps; fund a special shareholder dividend, repay existing credit facility and for general corporate purposes; Reston, Va., provider of business-critical, cost-effective data communications services for transaction-oriented applications.

TRW AUTOMOTIVE INC. $2.5 billion credit facility; JPMorgan, Bank of America and Lehman; $1.4 billion revolver, $600 million term A; $500 million term B talked at Libor plus 150 bps; refinance existing credit facilities; Livonia, Mich., automotive supplier.

TWIN-STAR INTERNATIONAL, INC.: $170 million credit facility; CIBC; $85 million term loan at Libor plus 300 bps; $85 million revolver at Libor plus 300 bps; fund acquisition by Trivest Partners; Delray Beach, Fla., electric fireplace manufacturer.

UNITED SURGICAL PARTNERS INTERNATIONAL INC.: $630 million senior secured credit facility (Ba3/B); Citigroup, Lehman, SunTrust, UBS and Bear Stearns; $100 million seven-year final maturity delayed-draw for 18 months term loan at Libor plus 200 bps, 125 bps unused fee; $430 million seven-year term B at Libor plus 200 bps; $100 million six-year revolver at Libor plus 225 bps, 50 bps unused fee; help fund buyout by Welsh, Carson, Anderson & Stowe; Addison, Texas, owner and operator of short-stay surgical facilities.

USI HOLDINGS CORP.: $625 million senior secured credit facility (B2/B-); Goldman Sachs and JPMorgan, with JPMorgan administrative agent; $100 million six-year revolver talked at Libor plus 250 bps, 50 bps commitment fee; $525 million seven-year term B talked at Libor plus 275 bps; help fund LBO by GS Capital Partners; Briarcliff Manor, N.Y., distributor of insurance and financial products and services to businesses.

VENOCO, INC.: $500 million seven-year second-lien term loan talked at Libor plus 400 bps; Credit Suisse and UBS; refinance existing term loan used to fund acquisition of TexCal Energy and other recently announced acquisitions; Denver-based independent oil and gas acquisition, exploration, exploitation and development company.

WESTERN REFINING INC.: $1.9 billion senior secured credit facility; Bank of America; $500 million revolver; $1.125 billion term B (B1/BB-) at Libor plus 175 bps; $275 million delayed-draw term loan (B1/BB-) at Libor plus 175 bps, 75 bps unused; help fund acquisition Giant Industries Inc.; El Paso, Texas, independent refiner and marketer.

WHITE BIRCH PAPER CO.: $550 million seven-year term B (B2/B) talked at Libor plus 250 bps; Credit Suisse; refinance first- and second-lien term loans; Toronto-based newsprint company.

WII COMPONENTS INC.: $243 million credit facility; Credit Suisse; $25 million five-year revolver (B1/B) talked at Libor plus 250 bps, 50 bps commitment fee; $154 million six-year first-lien term B (B1/B) talked at Libor plus 250 bps; $64 million seven-year second-lien term loan (Caa1/CCC+) talked at Libor plus 650 bps; refinance existing debt; manufacturer of hardwood cabinet doors and components.

ON THE HORIZON

ADVANSTAR HOLDINGS CORP.: $835 million credit facility; Credit Suisse and Barclays; $515 million first-lien term loan; $75 million revolver; $245 million second-lien term loan; in connection with buyout by Veronis Suhler Stevenson, Citigroup Private Equity and New York Life Capital Partners from DLJ Merchant Banking Partners; New York-based media company.

AEROFLEX INC.: $780 million senior secured credit facility; JPMorgan and Lehman; $60 million revolver; $475 million first-lien term loan; $245 million second-lien term loan; help fund buyout by General Atlantic and Francisco Partners; Plainview, N.Y., provider of high technology solutions to the aerospace, defense, cellular and broadband communications markets.

AMERICAN REAL ESTATE PARTNERS LP: $3.6 billion senior secured credit facility; Bank of America; $1 billion five-year revolver at Libor plus 150 bps, 50 bps commitment fee; $2.6 billion seven-year term B at Libor plus 225 bps; help fund buyout of Lear Corp.; New York-based diversified holding company engaged in a variety of businesses and an affiliate of Carl C. Icahn.

BEARINGPOINT INC.: $400 million five-year senior secured credit facility; UBS; $250 million term loan; $150 million synthetic letter-of-credit facility; general corporate purposes; expected close around mid-May; McLean, Va., management consulting, systems integration and managed services firm.

BIOMET INC.: $4.35 billion senior secured credit facility; Bank of America, Goldman Sachs, Bear Stearns, Lehman Brothers, Merrill Lynch and Wachovia; $3.6 billion 71/2-year term loan; $750 million six-year revolver (asset-based, cash-based or combination thereof); help fund LBO by the Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. and TPG; Warsaw, Ind., maker of musculoskeletal medical products.

CARITOR INC. (KEANE INC.): $690 million senior secured credit facility; Citigroup, UBS and Bank of America; $600 million term loan; $40 million synthetic letter-of-credit facility; $50 million revolver; help fund Caritor's acquisition of Keane; new combined Boston-based IT services company to operate under Keane name.

CATALINA MARKETING CORP.: New debt financing; Bear Stearns and Morgan Stanley; help fund buyout by Hellman & Friedman Capital Partners VI, LP; St. Petersburg, Fla., provider of behavior-based promotional messaging, loyalty programs and direct-to-patient information.

CENTRAL PARKING CORP.: $405 million senior secured credit facility; Goldman Sachs; $75 million six-year revolver at Libor plus 225 bps if B1/B+, otherwise Libor plus 250 bps; $225 million seven-year first-lien term loan at Libor plus 225 bps if B1/B+, otherwise Libor plus 250 bps; $55 million seven-year synthetic letter-of-credit facility at Libor plus 225 bps if B1/B+, otherwise Libor plus 250 bps; $50 million 71/2-year second-lien term loan at Libor plus 575 bps if B3/B-, otherwise Libor plus 600 bps, call protection 102, 101; help fund buyout by Kohlberg & Co., Lubert-Adler and Chrysalis Capital Partners; Nashville, Tenn., provider of parking and transportation-related services.

CLAIRE'S STORES INC.: $1.65 billion senior secured credit facility; Credit Suisse, Bear Stearns and Lehman Brothers; $1.45 billion term loan; $200 million revolver; help fund buyout by Apollo Management, LP; Pembroke Pines, Fla., specialty retailer offering costume jewelry and accessories.

CLEAR CHANNEL COMMUNICATIONS INC.: $17.375 billion credit facility; Citigroup, Deutsche Bank, Morgan Stanley, Credit Suisse, RBS and Wachovia; $1 billion receivables-backed revolver; $16.375 billion in senior secured bank debt; help fund LBO by Thomas H. Lee Partners, LP and Bain Capital Partners, LLC; San Antonio media and entertainment company specializing in "gone from home" entertainment and information services.

COMMUNITY HEALTH SYSTEMS INC.: $6.95 billion credit facility; Credit Suisse and Wachovia; $5.7 billion seven-year term loan; $500 million seven-year delayed-draw term loan; $750 million six-year revolver; help fund acquisition of Triad Hospitals Inc.; Nashville, Tenn., operator of general acute care hospitals in non-urban communities.

CONSUMER SOURCE INC.: $450 million first-lien credit facility; $375 million seven-year senior secured term loan expected at Libor plus 250 bps; $75 million six-year revolver with 50 bps unused fee; also $150 million eight-year second-priority secured loan and/or notes with loan expected at Libor plus approximately 625 bps; fund dividend to Primedia Inc. in connection with spinoff; New York-based publisher and distributor of free real estate and automobile guides.

COURTSIDE ACQUISITION (AMERICAN COMMUNITY NEWSPAPERS INC.): $115 million senior secured credit facility; BMO Capital Markets; fund acquisition of American Community Newspapers LLC from Spire Capital Partners, LP, Wachovia Capital Partners and senior management, and for general corporate purposes; newspaper publisher.

DOLLAR GENERAL CORP.: $3.5 billion senior secured credit facility; Goldman Sachs, Citigroup, Lehman Brothers and Wachovia; $2.5 billion seven-year term loan; $1 billion six-year asset-based revolver; help fund LBO by Kohlberg Kravis Roberts & Co. LP; Goodlettsville, Tenn., discount retailer.

DYNEA NORTH AMERICA: $245 million credit facility; UBS; $20 million five-year revolver; $225 million seven-year term loan; help fund acquisition by Teachers' Private Capital from Dynea Chemicals Oy; Mississauga, Ont., manufacturer of adhesive resins and overlay products.

EDUCATE INC.: $290 million credit facility; JPMorgan; $170 million six-year term loan (Ba2) expected at Libor plus 275 bps; $15 million five-year revolver (Ba2) expected at Libor plus 275 bps, 50 bps commitment fee; $105 million seven-year second-lien term loan (B3) expected at Libor plus 550 bps; help back LBO by Christopher Hoehn-Saric, chairman and chief executive officer, Peter Cohen, president and chief operating officer, certain other members of management, Sterling Capital Partners and Citigroup Private Equity; Baltimore, based pre-K-12 education company.

EGL INC.: $960 million senior secured credit facility; Merrill Lynch and Wachovia; $810 million covenant-light seven-year term loan at Libor plus 225 bps; $150 million six-year revolver at Libor plus 225 bps, 50 bps commitment fee; also $300 million 71/2-year senior unsecured term loan at 11% from Woodbridge; help fund buyout by chief executive officer and chairman of the board James R. Crane, Centerbridge Partners LP and the Woodbridge Co. Ltd.; Houston-based global transportation, supply chain management and information services company.

ENERGY PARTNERS LTD.: $300 million four-year senior secured revolver at Libor plus 100 bps to 250 bps based on utilization; Bank of America; refinance existing credit facility, refinance 8¾% senior notes and fund a self-tender offer for the repurchase of common shares; New Orleans-based oil and natural gas exploration and production company.

ENGINEERED PRODUCTS: New credit facility; Lehman Brothers, JPMorgan and Goldman Sachs; help fund buyout by the Carlyle Group from the Goodyear Tire & Rubber Co.; Akron, Ohio, manufacturer of hoses, conveyor belts and power transmission belts, as well as tank tracks for military and off-road vehicles.

ETHANEX ENERGY INC.: New credit facility; WestLB and Morgan Stanley; senior secured construction, term and working capital credit facility; fund construction and operation three 132 million gallons per year ethanol production facilities; Basehor, Kan., renewable energy company.

FAIRPOINT COMMUNICATIONS INC.: Bank meeting expected late 2007; up to $2.08 billion credit facility; Lehman Brothers, Morgan Stanley, Bank of America, Deutsche Bank, Wachovia and Merrill Lynch, with Lehman left lead; $200 million six-year revolver, 37.5 bps unused fee; $200 million eight-year delayed-draw for one year term loan, 75 bps unused fee; $1.68 billion eight-year term B; help fund merger with Verizon Communications Inc.'s wireline operations in Maine, New Hampshire and Vermont; Charlotte, N.C., provider of communications services to rural communities.

FEDERAL-MOGUL CORP.: $3.5 billion exit financing credit facility; Citigroup and JPMorgan; $540 million five-year asset-based revolver at Libor plus 150 bps; $828 million senior secured term loan at Libor plus 137.5 bps to 175 bps depending on ratings; $50 million synthetic letter-of-credit facility at Libor plus 137.5 bps to 175 bps depending on ratings; $2.082 billion 60-day delayed-draw senior secured term loan at Libor plus 137.5 bps to 175 bps depending on ratings; refinance DIP facility, to make plan of reorganization payments and for working capital and general corporate purposes; Southfield, Mich., auto parts manufacturer.

FIRST DATA CORP.: New debt financing; Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Lehman Brothers and Merrill Lynch; help fund LBO by Kohlberg Kravis Roberts & Co.; Greenwood Village, Colo., provider of electronic commerce and payment solutions for businesses.

FOREST OIL CORP.: $1.4 billion five-year revolver ($1.25 billion U.S., $150 million Canadian); JPMorgan; help fund acquisition of Houston Exploration Co.; Denver-based acquirer, explorer, developer and producer of natural gas and liquids.

FOUR SEASONS HOTELS INC.: $950 million senior secured credit facility; Citigroup and JPMorgan; $200 million revolver expected at Libor plus 125 bps, 25 bps unused fee; $750 million five-year term loan expected at Libor plus 125 bps; help fund LBO by Cascade Investment, LLC, Kingdom Hotels International, and chairman and chief executive officer Isadore Sharp; Toronto-based manager of luxury hotels and resorts.

GENESIS HEALTHCARE CORP.: $1.525 billion credit facility; $1.3 billion 24-month senior secured first-lien term loan (includes a $100 million capital expenditure line of credit); $225 million five-year secured second-priority term loan; General Electric Capital Corp. leading first-lien, CapitalSource Finance, LLC leading second-lien; help fund buyout by Formation Capital, LLC and JER Partners; Kennett Square, Pa., long-term care provider.

THE GREAT ATLANTIC & PACIFIC TEA CO. INC.: $615 million five-year ABL revolver; Bank of America; $575 million tranche expected at Libor plus 175 bps; $40 million last out tranche expected at Libor plus 300 bps; help fund purchase of Pathmark Stores Inc.; Montvale, N.J., supermarket chain.

HANDLEMAN CO.: $250 million secured credit facility; refinance existing facility; expected close by April 30; Troy, Mich., category manager and distributor of prerecorded music to retailers.

HARRAH'S ENTERTAINMENT INC.: $9 billion senior secured credit facility; Bank of America, Deutsche Bank, Citigroup, Credit Suisse, JPMorgan and Merrill Lynch; $7 billion seven-year term loan; $2 billion multi-currency six-year revolver; help fund LBO by Texas Pacific Group and Apollo Management, LP; Las Vegas-based provider of branded casino entertainment.

HEALTHSOUTH SURGERY DIVISION: New debt financing; JPMorgan and Goldman Sachs; help back buyout by Texas Pacific Group from HealthSouth Corp.; Birmingham, Ala., network of 139 outpatient surgery centers and three surgical hospitals.

HERCULES OFFSHORE INC.: $900 million senior secured term loan; UBS; help fund acquisition of Todco; Houston-based operator of jackup drilling rigs and liftboats.

HHGREGG INC.: $200 million credit facility; $100 million five-year revolver; $100 million six-year term B; in connection with IPO; refinance existing revolver, fund a tender offer for outstanding senior notes and redeem outstanding junior notes; Indianapolis-based specialty retailer of video products, brand name appliances, audio products and accessories.

HUB INTERNATIONAL LTD.: $795 million senior secured credit facility; Morgan Stanley and Merrill Lynch joint lead arrangers and joint bookrunners; $595 million seven-year term loan at Libor plus 250 bps; $100 million two-year, with seven-year final maturity, delayed-draw term loan at Libor plus 250 bps; $100 million six-year multi-currency revolver at Libor plus 250 bps, 50 bps unused fee; help fund buyout by Apax Partners and Morgan Stanley Principal Investments; Chicago-based insurance broker.

INNKEEPERS USA TRUST: New debt financing; Lehman Brothers; help back buyout by Apollo Investment Corp.; Palm Beach, Fla., hotel real estate investment trust.

INTEGRA TELECOM INC.: $965 million senior secured credit facility; Deutsche Bank, Morgan Stanley and CIBC; $50 million revolver; $915 million in other credit facility debt; help fund purchase of Eschelon Telecom, Inc.; Portland, Ore., provider of local, long-distance and Internet services for businesses.

J-M MANUFACTURING CO. INC.: New secured credit facility; UBS and RBS Securities; help fund acquisition of PW Eagle Inc.; Livingston, N.J., operator of plastic pipe manufacturing facilities.

KCP INCOME FUND: New debt financing; JPMorgan, Credit Suisse and UBS; help fund buyout by Caxton-Iseman Capital, Inc.; Concord, Ont., manufacturer of consumer products in the laundry, household cleaners, personal care, over-the-counter medicated and pharmaceutical categories.

KRONOS INC.: $1.125 billion senior secured credit facility; Wachovia; $60 million revolver; $665 million first-lien term loan; $400 million second-lien term loan; help fund buyout by Hellman & Friedman and JMI Equity; Chelmsford, Mass., provider of human capital management solutions.

LAUREATE EDUCATION INC.: $1.15 billion senior secured credit facility; Goldman Sachs, Citigroup, JPMorgan and Credit Suisse; $650 million seven-year term loan; $100 million seven-year final maturity delayed-draw term loan; $400 million seven-year multi-currency revolver; help fund buyout by Douglas L. Becker, chairman and chief executive officer, Kohlberg Kravis Roberts & Co., Citigroup Private Equity, S.A.C. Capital Management, LLC, SPG Partners, Bregal Investments, Caisse de depot et placement du Quebec, Sterling Capital, Makena Capital, Torreal SA and Southern Cross Capital; Baltimore-based provider of higher education.

METAVANTE CORP.: $2 billion credit facility; JPMorgan and Morgan Stanley; $1.75 billion term loan; $250 million revolver; help fund spinoff from Marshall & Ilsley Corp.; provider of banking and payments technologies.

PHH CORP.: New credit facility; JPMorgan and Lehman; help fund buyout by GE Capital Solutions; Mount Laurel, N.J., outsource provider of mortgage and vehicle fleet management services.

PSYCHIATRIC SOLUTIONS INC.: $250 million term loan add-on; Citigroup and Merrill Lynch; fund acquisition of Horizon Health Corp.; Franklin, Tenn., provider of inpatient behavioral health care services.

REMINGTON ARMS CO. INC.: New debt financing; Credit Suisse; help fund buyout by Cerberus Capital Management LP; Madison, N.C., manufacturer of firearms and ammunition.

RITE AID CORP.: $1.105 billion seven-year senior secured term loan (of which about $680 million will be drawn at close); Citigroup; help fund acquisition of Jean Coutu Group USA Inc.; Camp Hill, Pa., national drugstore chain.

SAFENET INC.: $400 million credit facility; Deutsche and Citigroup co-lead arrangers; $250 million seven-year first-lien term loan at Libor plus 250 bps; $25 million six-year revolver at Libor plus 250 bps, 50 bps commitment fee; $125 million eight-year second-lien term loan at Libor plus 600 bps, call protection 102, 101; help fund already completed buyout by Vector Capital; Belcamp, Md., developer, marketer and seller of hardware and software information security products and services.

SAINT VINCENT CATHOLIC MEDICAL CENTERS: $300 million seven-year exit financing credit facility; General Electric Capital Corp.; $250 million term loan at Libor plus 300 bps; $50 million revolver at Libor plus 200 bps; New York-based metropolitan area health care system.

SALTON INC.: $425 million in senior secured credit facilities; $250 million senior secured 60-month revolver via Bank of America at Libor plus 125 bps to 200 bps based on availability; $175 million five-year senior secured credit facility via Silver Point Finance LLC that includes a U.S. term loan, a U.K. term loan and a U.K. revolver; help fund merger with Applica Inc.; Lake Forest, Ill., designer, marketer and distributor of branded, high-quality small appliances, home decor and personal care products.

SEMGROUP ENERGY PARTNERS LP: New five-year credit facility; in connection with IPO of common units; for general partnership purposes; Tulsa, Okla., provider of crude oil gathering, transportation, terminalling and storage services.

THE SERVICEMASTER CO.: $3.35 billion senior secured credit facility; Citigroup, JPMorgan and Bank of America; $2.65 billion term loan; $200 million pre-funded synthetic letter-of-credit facility; $500 million revolver; help fund buyout by Clayton, Dubilier & Rice, Inc.; Downers Grove, Ill., provider of services to residential and commercial customers.

SLM CORP. (SALLIE MAE): New debt financing; JPMorgan and Bank of America; help back buyout by an investor group led by J.C. Flowers & Co.; Reston, Va., saving- and paying-for-college company.

SPIRIT FINANCE CORP.: New credit facility; Credit Suisse; help fund buyout by a consortium that includes Macquarie Bank Ltd., Kaupthing Bank hf. and other independent equity participants; Scottsdale, Ariz., real estate investment trust focused on single-tenant, operationally essential real estate.

STATION CASINOS INC.: $500 million revolver; Deutsche Bank and JPMorgan; help fund buyout by Fertitta Colony Partners LLC; Las Vegas-based gaming and entertainment company.

SYNIVERSE TECHNOLOGIES: $290 million incremental term loan expected at Libor plus 200 bps; Lehman Brothers, Deutsche Bank and Bear Stearns; help fund acquisition of the wireless clearing and financial settlement business of Billing Services Group; Tampa, Fla., provider of mission-critical technology services to wireless telecommunications companies.

TEEKAY SHIPPING CORP.: $700 million credit facility; help fund acquisition of a 50% share of OMI Corp.'s assets; Nassau, Bahamas, oil tanker company.

THE TOPPS CO. INC.: $120 million senior secured credit facility; Deutsche Bank; $95 million seven-year term loan; $25 million six-year revolver; also $45 million senior subordinated unsecured eight-year term loan; help fund buyout by the Tornante Co. LLC and Madison Dearborn Partners LLC; New York-based creator and marketer of sports and related cards, entertainment products and confectionery.

TRIBUNE CO.: $10.133 billion credit facility (BB-); JPMorgan, Merrill Lynch, Citigroup and Bank of America; $7.015 billion seven-year term loan; $2.105 billion seven-year incremental term loan; $263 million seven-year delayed-draw term loan; $750 million six-year revolver; help fund public-to-private transaction; Chicago-based media company.

TXU CORP.: New credit facility; Citigroup, Goldman Sachs, JPMorgan, Lehman Brothers and Morgan Stanley; help fund LBO by Kohlberg Kravis Roberts & Co. and Texas Pacific Group; Dallas-based energy company.

UNITED STATES STEEL CORP.: $1.25 billion five-year unsecured credit facility; JPMorgan; $750 million revolver; $500 million term loan; also $500 million unsecured bridge loan; help fund acquisition of Lone Star Technologies, Inc.; Pittsburgh-based integrated steel producer.

VERTRUE INC.: New credit facility; Lehman Brothers and JPMorgan; help fund buyout by management, One Equity Partners, Oak Investment Partners and Rho Ventures; Norwalk, Conn., Internet direct marketing services 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.