Bank Loan Calendar: $51.394 billion deals being marketed

JUNE BANK MEETINGS

ASHLAND INC.: Bank meeting June 16; $3.65 billion credit facility; Citigroup, Scotia Capital, Bank of America and U.S. Bank; $750 million five-year revolver expected at Libor plus 225 bps, 40 bps unused fee; $1.2 billion five-year term A expected at Libor plus 225 bps; $1.7 billion seven-year term B expected at Libor plus 275 bps, step-down to Libor plus 250 bps at total leverage of 2.5x, 1% Libor floor; help fund acquisition of International Specialty Products Inc.; Covington, Ky., provider of specialty chemical products and services.

CUMULUS MEDIA INC.: $2.415 billion senior secured credit facility (Ba3); JPMorgan, UBS and Macquarie; $375 million revolver; $2.04 billion term loan; help fund acquisition of Citadel Broadcasting Corp. and refinance debt; Atlanta-based radio broadcaster.

DEI HOLDINGS INC.: Bank meeting June 14; $205 million senior secured credit facility; GE Capital and Oppenheimer; $30 million revolver talked at Libor plus 450 bps, 1.5% Libor floor, OID 99; $175 million term loan talked at Libor plus 450 bps, 1.5% Libor floor, OID 99; help fund buyout by Charlesbank Capital Partners; Vista, Calif., designer and marketer of home theater loudspeakers and vehicle security and remote start systems, and a supplier of mobile audio.

DOLE FOOD CO. INC.: Conference call June 14; $1.25 billion senior secured credit facility; Deutsche Bank; $350 million multi-currency asset-based revolver; $315 million term B; $585 million term C at Solvest Ltd.; repay existing bank debt and general corporate purposes; Westlake Village, Calif., fruit and vegetables company.

INC RESEARCH LLC: Bank meeting June 15; $425 million credit facility; Morgan Stanley, ING and RBC; $75 million revolver; $350 million term B; help fund purchase of Kendle International Inc.; Raleigh, N.C.-based therapeutically focused contract research organization.

MONDRIAN INVESTMENT PARTNERS LTD.: Bank meeting June 14; $500 million senior secured term B; Morgan Stanley and Deutsche Bank; money manager with offices in London and Philadelphia.

SILGAN HOLDINGS INC.: $4 billion senior secured credit facility (Ba1/BBB-); Deutsche Bank, Bank of America, Citigroup and Wells Fargo; $800 million five-year revolver talked at Libor plus 250 bps; $900 million six-year term A talked at Libor plus 250 bps; $2.3 billion seven-year term B expected at Libor plus 325 bps, 1% Libor floor, 101 soft call; help fund acquisition of Graham Packaging Co. Inc.; Stamford, Conn., manufacturer of consumer goods packaging products.

SOPHOS: Bank meeting June 15; roughly $460 million six-year senior secured credit facility (B+); RBC; $20 million revolver; $280 million term loan; €110 million term loan; refinance existing bank debt and fund acquisition of Astaro; IT security and data protection firm with headquarters in Boston and Oxford, U.K.

SRA INTERNATIONAL INC.: $975 million senior secured credit facility; Citigroup, Bank of America, Credit Suisse and Goldman Sachs; $100 million five-year revolver expected at Libor plus 325 bps, 50 bps commitment fee; $875 million seven-year term loan expected at Libor plus 325 bps, 1.25% Libor floor; help fund buyout by Providence Equity Partners; Fairfax, Va., provider of technology and strategic consulting services to government organizations and commercial clients.

VIRTU FINANCIAL INC.: Bank meeting June 15; $320 million term loan; Credit Suisse, Bank of America and Barclays; help fund merger with Madison Tyler Holdings LLC; New York-based electronic market maker and financial technology developer.

UPCOMING CLOSINGS

ADVOSERV: $135 million credit facility; GE Capital; $125 million six-year term loan talked at Libor plus 475 bps to 500 bps, 1.25% Libor floor, OID 99; $10 million five-year revolver; refinance debt and fund a dividend; Mount Dora, Fla., provider of education and residential services to disabled and mentally ill children and adults.

ALERE INC.: $2.1 billion senior secured credit facility; Jefferies, GE Capital, Credit Suisse and Goldman Sachs; $250 million revolver; $450 million term A; $100 million delayed-draw term A; $1 billion term B; $300 million delayed-draw term B; refinance existing debt, fund common stock buyback and add cash to the balance sheet; Waltham, Mass., medical products and services company.

ALKERMES INC.: $450 million of covenant-light term loans; Morgan Stanley and HSBC; $310 million six-year first-lien term B (BB) talked at Libor plus 425 bps to 450 bps, 1.5% Libor floor, OID 99, 101 soft call; $140 million seven-year second-lien term C (B) talked at Libor plus 725 bps to 750 bps, 1.5% Libor floor, OID 98, call protection 103, 102, 101; help fund merger with Elan Drug Technologies to create Dublin, Ireland-based Alkermes plc; Waltham, Mass., biotechnology company.

AMC NETWORKS INC. (RAINBOW MEDIA HOLDINGS LLC): $2.225 billion senior secured credit facility (Ba2/BB+); JPMorgan and Bank of America; $1.16 billion six-year term A talked at Libor plus 200 bps; $500 million five-year revolver talked at Libor plus 200 bps, 37.5 bps unused fee; $565 million 71/2-year term B talked at Libor plus 275 bps to 300 bps, 1% Libor floor, OID 991/2; refinance existing debt in connection with spin-off from Cablevision Systems Corp.; holder of portfolio of programming assets.

API TECHNOLOGIES CORP.: $185 million credit facility (B2/BB-); Morgan Stanley; $15 million three-year revolver; $170 million five-year term B at Libor plus 625, 1.5% Libor floor, OID 961/2, 101 soft call; help fund already completed acquisition of Spectrum Control Inc.; Ronkonkoma, N.Y., provider of secure communications, electronic components and subsystems, and contract manufacturing services to the defense and aerospace industries.

ARCH COAL INC.: $1.75 billion revolver; PNC and Morgan Stanley; in connection with acquisition of International Coal Group Inc.; St. Louis-based coal producer.

ATI PHYSICAL THERAPY: $50 million of incremental bank debt; Barclays; $10 million revolver add-on talked at Libor plus 550 bps, 2% Libor floor; $40 million term loan add-on talked at Libor plus 550 bps, 2% Libor floor, OID 991/2; acquisition financing; Bolingbrook, Ill., rehabilitation provider.

AUTOTRADER.COM: $1.05 billion credit facility (Ba3); Wells Fargo; $450 million term A at Libor plus 225 bps; $200 million revolver at Libor plus 225 bps; $400 million term B at Libor plus 300 bps, 1% Libor floor, 101 soft call; help fund acquisition of VinSolutions and reprice existing credit facility; Atlanta-based automotive marketplace and consumer information website.

AVANTOR PERFORMANCE MATERIALS HOLDINGS SA: $220 million credit facility (Ba3/BB-); Credit Suisse; $185 million six-year term loan talked at Libor plus 400 bps, 1.25% Libor floor, OID 991/2; $35 million revolver; refinance debt and fund an acquisition; Phillipsburg, N.J.; chemical company.

BARBRI: $270 million credit facility; GE Capital; $30 million revolver at Libor plus 450 bps, 1.5% Libor floor, OID 99; $240 million term loan at Libor plus 450 bps, 1.5% Libor floor, OID 99, 101 soft call; buyout financing; provider of bar review courses and law student support.

CALPINE CORP.: $360 million first-lien senior secured covenant-light term B-2 (B1/NA/BB) at Libor plus 325 bps, 1.25% Libor floor, OID 991/4, 101 soft call; Morgan Stanley; refinance existing debt; Houston-based power company.

CLOVERHILL BAKERY: $165 million credit facility; GE Capital; $10 million revolver talked at Libor plus 400 bps to 450 bps, 1.5% Libor floor, OID 99; $155 million term loan talked at Libor plus 400 bps to 450 bps, 1.5% Libor floor, OID 99; refinance existing debt; Chicago-based pre-packaged pastry company.

DRAKE BEAM MORIN: $115 million credit facility; SunTrust; $10 million five-year revolver talked at Libor plus 500 bps; $105 million six-year term loan talked at Libor plus 500 bps, 1.5% Libor floor, OID 99; refinance existing debt, fund a dividend and general corporate purposes; New York-based provider of strategic human resources services.

DUCOMMUN INC: $230 million senior secured credit facility (Ba2/BB); UBS and Credit Suisse; $190 million six-year term B at Libor plus 425 bps, 1.25% Libor floor, OID 99, 101 soft call; $40 million five-year revolver at Libor plus 425 bps, 1.25% Libor floor, 75 bps unused fee; fund acquisition of LaBarge Inc. and refinance existing debt; Carson, Calif., provider of engineering and manufacturing services to the aerospace and defense industry.

EIG GLOBAL ENERGY PARTNERS: $100 million secured term loan facility due in 2016; Goldman Sachs; invest in funds managed by the company and continue expansion of global platform; Washington, D.C.-based institutional investor to the energy sector.

ELECTRIC INFRASTRUCTURE ALLIANCE OF AMERICA LLC: Expected close June 13 week; $666.7 million seven-year construction term loan at Libor plus 200 bps, with step-ups to Libor plus 225 bps and Libor plus 250 bps, 75 bps unused fee; RBC, RBS and SG; back construction of transmission facilities as part of the Texas Competitive Renewable Energy Zones program.

EL POLLO LOCO: $172.5 million senior secured credit facility; Jefferies; $12.5 million five-year revolver (B+); $160 million six-year first-lien term loan (B) talked at Libor plus 600 bps to 650 bps, 1.5% Libor floor, OID 98; refinance existing debt; Costa Mesa, Calif., restaurant operator.

EMBANET-COMPASS KNOWLEDGE GROUP: $130 million credit facility; Credit Suisse, BNP Paribas and BMO; $5 million five-year revolver talked at Libor plus 450 bps, 1.25% Libor floor, OID 99; $125 million six-year term loan talked at Libor plus 450 bps, 1.25% Libor floor, OID 99; refinance existing debt; Chicago-based provider of online learning services to universities and colleges.

ENDO PHARMACEUTICALS: $2.7 billion senior secured credit facility (Ba1/BBB-); Morgan Stanley and Bank of America; $500 million five-year revolver at Libor plus 250 bps, 50 bps unused fee; $1.5 billion five-year term A at Libor plus 250 bps; $700 million seven-year term B at Libor plus 300 bps, 1% Libor floor, par, 101 soft call for six months; help fund acquisition of American Medical Systems; Chadds Ford, Pa., specialty health care company.

EVERGREEN INTERNATIONAL AVIATION INC.: $235 million four-year credit facility (B+); Goldman Sachs; $10 million revolver; $225 million term loan talked at Libor plus 900 bps to 950 bps, 1.5% Libor floor, OID 97 to 98, call protection 103, 102, 101; refinance existing debt; McMinnville, Ore., aviation services company.

FMG RESOURCES PTY LTD.: $500 million three-year revolver; general corporate purposes; Australian-based iron ore mining company.

GEO SPECIALTY CHEMICALS INC.: $100 million to $120 million term loan; Goldman Sachs; refinance existing debt and fund a potential acquisition; Lafayette, Ind., producer of specialty chemicals.

GIBSON ENERGY ULC: $925 million senior secured credit facility (B1); JPMorgan, Citigroup and UBS; $650 million seven-year term loan at Libor plus 450 bps, 1.25% Libor floor, OID 99, 101 soft call for two years; $275 million five-year revolver; refinance existing debt and for general corporate purposes; Calgary, Alberta-based midstream energy company, a crude oil transporter and a retail propane distributor.

GREEN VALLEY RANCH RESORTS SPA CASINO: $315 million credit facility; Jefferies and Goldman Sachs; $215 million five-year first-lien term loan (B2) at Libor plus 475 bps, 1.5% Libor floor, OID 99, 101 soft call; $90 million six-year second-lien term loan (Caa2) at Libor plus 850 bps, 1.5% floor, OID 98, non-call two, 101; $10 million revolver (B2); help finance the purchase of Green Valley Ranch Resorts by Station Casinos; Henderson, Nev., gaming and lodging company.

HUSKY INTERNATIONAL LTD. $1.03 billion credit facility (B); Goldman Sachs, Morgan Stanley, RBC and TD Securities; $920 million covenant-light term B talked at Libor plus 425 bps to 450 bps, 1.25% Libor floor, OID 99 to 991/2, 101 soft call; $110 million revolver talked at Libor plus 400 bps; help fund buyout by Berkshire Partners LLC and Omers Private Equity Inc. from Onex Corp.; Bolton, Ont., supplier of injection molding equipment and services to the plastics industry.

IMG WORLDWIDE INC.: $350 million credit facility (B+); JPMorgan; $50 million 41/2-year revolver; $300 million five-year term B talked at Libor plus 425 bps, 1.25% Libor floor, OID 991/2, 101 soft call; refinance existing debt; New York-based provider of sports and event marketing and management services.

LAWSON SOFTWARE INC. (GGC SOFTWARE HOLDINGS INC.): $1.115 billion senior secured credit facility; Credit Suisse, Bank of America, Morgan Stanley, RBC and Deutsche Bank; $1.04 billion seven-year term loan (Ba3/B+) talked at Libor plus 450 bps, 1.5% Libor floor, OID 98½ to 99; $75 million five-year revolver (Ba3); help fund acquisition of Lawson Software by Golden Gate Capital and Infor Global Services; St. Paul, Minn., enterprise software developer.

LUMEN: $113.3 million senior secured credit facility; Bank of Ireland and Madison Capital; $10 million revolver talked at Libor plus 500 bps, 1.5% Libor floor, OID 981/2; $103.3 million term loan talked at Libor plus 500 bps, 1.5% Libor floor, OID 981/2; dividend recapitalization of Harbour Group owned companies, Watchfire and SloanLED; provider of LED lighting.

MEDPACE INC.: $335 million credit facility (B2/B+); Jefferies, Barclays, Bank of America and SunTrust; $50 million revolver; $285 million term loan talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; help fund buyout by CCMP Capital Advisors LLC from management; Cincinnati-based research-based drug development company.

MOBILITIE INVESTMENTS II LLC: $415 million credit facility (B2/BB-); TD Securities and GE Capital; $25 million five-year revolver at Libor plus 375 bps; $150 million five-year delayed-draw for 24 months term loan at Libor plus 375 bps, 125 bps ticking fee, dropping to 75 bps once usage is over 50%; $240 million six-year term B at Libor plus 400 bps, 1.5% Libor floor, OID 991/2; refinance existing debt, and delayed-draw loan for capital expenditures; Newport Beach, Calif., owner and constructor of communication towers.

NANA DEVELOPMENT CORP. $520 million credit facility; Goldman Sachs leading term B, Bank of America leading revolver; $435 million six-year term B (B2/B+) talked at Libor plus 500 bps to 550 bps, 1.5% Libor floor, OID 99, 101 soft call; $85 million five-year ABL revolver; refinance existing credit facility and fund the acquisition of Grand Isle Shipyard Inc.; Anchorage, Alaska, provider of engineering and construction, resource development, facilities management and logistics, real estate and hotel development, and information technology and telecommunications services.

NRG ENERGY INC.: $3.9 billion credit facility (Baa3); Morgan Stanley, Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan and RBS; $2.3 billion revolver talked at Libor plus 275 bps, 50 bps unused fee; $1.6 billion term B at Libor plus 300 bps, 1% Libor floor, OID 993/4, 101 soft call; refinance existing bank debt; Princeton, N.J., power generation company.

OPEN MOBILE: $71.5 million term B add-on talked at Libor plus 475 bps, 2% Libor floor, OID 99; SunTrust and Morgan Stanley; take out preferred equity; provider of pre-paid wireless service in Puerto Rico.

PENN NATIONAL GAMING INC. $2.15 billion credit facility (Ba1/BBB-); Wells Fargo (left on pro rata), Bank of America (left on term B), Commerz, RBS and UBS; $750 million seven-year term B talked at Libor plus 275 bps, 1% Libor floor, OID 993/4, 101 soft call for six months; $700 million five-year revolver talked at Libor plus 175 bps; $700 million five-year term A talked at Libor plus 175 bps; refinance existing debt; Wyomissing, Pa., gaming company.

PLAYCORE HOLDINGS INC.: $150 million credit facility; BNP Paribas and SunTrust; $20 million five-year revolver talked at Libor plus 450 bps, 75 bps unused fee, 1.5% Libor floor, OID 99; $95 million six-year first-lien term loan talked at Libor plus 450 bps, 1.5% Libor floor, OID 99; $35 million seven-year second-lien term loan talked at Libor plus 850 bps, 1.5% Libor floor, OID 98; refinance existing debt and pay a dividend; Chattanooga, Tenn., designer, manufacturer, and marketer of playground, park and recreation, and youth fitness programs and products.

PRE-PAID LEGAL SERVICES INC.: $430 million senior secured credit facility; Macquarie Capital, RBC, KeyBanc and Bank of Ireland; $30 million five-year revolver; $300 million 51/2-year first-out term B talked at Libor plus 550 bps to 600 bps, 1.5% Libor floor, OID 981/2; $100 million six-year last-out term B; help fund buyout by MidOcean Partners; Ada, Okla., provider of legal service benefits through a network of independent law firms.

REDFLEX HOLDINGS LTD.: $215 million credit facility (Ba3/B); Macquarie; $20 million revolver at Libor plus 550 bps, 1.5% Libor floor, OID 981/2; $175 million term B at Libor plus 550 bps, 1.5% Libor floor, OID 981/2, 101 soft call; $20 million delayed-draw term loan for capital expenditures at Libor plus 550 bps, 1.5% Libor floor, OID 981/2; also $75 million second-lien term loan that has been placed already; help fund buyout by the Carlyle Group and Macquarie Group Ltd.; South Melbourne, Australia, manufacturer and operator of highway safety equipment.

REVLON CONSUMER PRODUCTS CORP.: $140 million five-year asset-based revolver at Libor plus 200 bps to 250 bps, based on availability, 37.5 bps unused fee; Citigroup; refinance existing revolver; New York-based cosmetics, hair color, beauty tools, fragrances, skincare, anti-perspirant/deodorant and beauty care products company.

RURAL/METRO CORP.: $425 million senior secured credit facility (B); Credit Suisse, Citigroup and Jefferies; $325 million seven-year term loan talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; $100 million five-year revolver talked at Libor plus 400 bps, 1.5% Libor floor, OID 99; help fund buyout by Warburg Pincus; Scottsdale, Ariz., provider of emergency and non-emergency ambulance services and private fire protection services.

SECURUS TECHNOLOGIES: $365 million credit facility; BNP Paribas and GE Capital; $35 million revolver (B1/B+); $233 million first-lien term B (B1/B+) at Libor plus 400 bps, 1.25% Libor floor, OID 99, 101 soft call for six months; $97 million second-lien term loan (Caa1/CCC+) at Libor plus 825 bps, 1.75% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Castle Harlan from H.I.G. Capital; Dallas-based provider of specialized telecommunications products and services for the corrections communications marketplace.

SEMGROUP CORP.: $650 million credit facility (B1); RBS, Barclays, BNP and Citigroup; $350 million five-year revolver; $100 million five-year term A; $200 million seven-year term B at Libor plus 450 bps, 1.25% Libor floor, OID 991/2, 101 soft call; refinance existing debt; Tulsa, Okla., midstream service company.

SRAM INTERNATIONAL CORP.: $840 million credit facility; JPMorgan; $50 million five-year revolver (Ba2/B+); $605 million seven-year first-lien term loan (Ba2/B+) at Libor plus 350 bps, 1.25% Libor floor, OID 991/2, 101 soft call; $185 million 71/2-year second-lien term loan (B3/B-) at Libor plus 700 bps, 1.5% Libor floor, OID 99, call protection 103 for 18 months, 102, 101; repay bank debt and acquire class A units of SRAM Holdings LLC held by Trilantic and its co-investors; Chicago-based designer, manufacturer and marketer of bicycle components.

SURGICAL CARE AFFILIATES: $100 million incremental term B (Ba3/B) talked at Libor plus 400 bps, 1.5% Libor floor, OID 99, 101 soft call; JPMorgan; help fund the acquisition of ambulatory surgery centers; Birmingham, Ala., operator of ambulatory surgical centers and surgical hospitals.

TEAM HEALTH HOLDINGS INC.: $575 million credit facility; JPMorgan and Barclays; $300 million seven-year term B talked at Libor plus 275 bps to 300 bps, 1% Libor floor, OID 991/2, 101 soft call; $165 million five-year revolver talked at Libor plus 225 bps, 45 bps unused fee; $110 million five-year term A talked at Libor plus 225 bps; refinance existing debt; Knoxville, Tenn., provider of hospital-based clinical outsourcing.

TERRA-GEN FINANCE CO. LLC: $360 million senior secured credit facility (Ba3/BB/BB-); Goldman Sachs and Credit Suisse; $60 million five-year revolver talked at Libor plus 400 bps, 1.25% Libor floor, OID 991/2; $300 million six-year term B talked at Libor plus 400 bps, 1.25% Libor floor, OID 991/2, 101 soft call; refinance existing debt, pay a dividend and fund a debt service reserve; New York-based renewable energy provider.

TOTES-ISOTONER CORP.: $325 million credit facility; Credit Suisse; $85 million five-year ABL revolver; $145 million six-year first-lien term loan talked at Libor plus 525 bps, 1.5% Libor floor, OID 99; $15 million six-year final maturity delayed-draw first-lien term loan talked at Libor plus 525 bps, 1.5% Libor floor, OID 99; $80 million 61/2-year second-lien term loan talked at Libor plus 925 bps, 1.5% Libor floor, OID 97, call protection 103, 102, 101; refinance existing debt and pay a dividend; Cincinnati-based marketer of umbrellas, gloves, rainwear, rubber overshoes and other weather-related accessories.

TRIMAS CORP.: $300 million credit facility (Ba2/BB); JPMorgan; $75 million five-year revolver; $225 million six-year term B talked at Libor plus 325 bps to 350 bps, 1.25% Libor floor, OID 991/2, 101 soft call; refinance existing debt; Bloomfield Hills, Mich., provider of engineered and applied products.

UNIVITA HEALTH: Expected close June 13 week; $220 million senior secured credit facility (B2/B); Barclays and Jefferies; $20 million five-year revolver at Libor plus 475 bps, 1.5% Libor floor, OID 99; $200 million six-year term loan at Libor plus 475 bps, 1.5% Libor floor, OID 99, 101 soft call; repay credit facility and mezzanine debt; Scottsdale, Ariz., provider of home-based care.

U.S. HEALTHWORKS MEDICAL GROUP: $205 million credit facility; GE Capital; $20 million five-year revolver at Libor plus 475 bps, 1.5% Libor floor, OID 99; $120 million five-year first-lien term B at Libor plus 475 bps, 1.5% Libor floor, OID 99, 101 soft call; $65 million six-year second-lien term loan at Libor plus 900 bps, 1.5% Libor floor, OID 981/2, call protection 103, 102, 101; refinance existing debt and redeem preferred equity; Valencia, Calif., provider of health care for on-the-job injuries and urgent care.

U.S. SILICA: $260 million six-year term loan (B1/B+) talked at Libor plus 375 bps, 1% Libor floor, OID 99½ on new money, OID 99¾ on old; BNP Paribas; repay mezzanine debt and fund a distribution to holdco; Berkeley Springs, W.Va., producer of ground and unground silica sand, kaolin clay, aplite and related industrial minerals.

VAN WAGNER COMMUNICATIONS LLC $205 million credit facility; GE Capital; $180 million term loan talked at Libor plus 575 bps, 1.5% Libor floor, OID 99, 101 soft call; $25 million revolver; refinance existing debt; out-of-home advertising company.

VENETIAN MACAO LTD.: $4.5 billion credit facility; Citigroup left lead on B loan, Goldman Sachs left lead on pro rata; $1 billion seven-year term B talked at Libor plus 275 bps, 0.75% Libor floor, OID 991/2; $500 million revolver talked at Libor plus 225 bps; $3 billion term A talked at Libor plus 225 bps; refinance existing debt; hotel and casino resort in Macau owned by the Las Vegas Sands Corp.

WALL STREET SYSTEMS: $350 million credit facility; Credit Suisse; $25 million five-year revolver (Ba3/B) at Libor plus 400 bps, 1.5% Libor floor; $200 million six-year first-lien term loan (Ba3/B) at Libor plus 400 bps, 1.5% Libor floor, OID 991/2; $125 million seven-year second-lien term loan (Caa1/B-) at Libor plus 750 bps, 1.5% Libor floor, OID 99, call protection 102, 101; help fund acquisition by ION Investment Group from Warburg Pincus; New York-based provider of treasury management, central banking and FX trade processing services.

WALTER INVESTMENT MANAGEMENT CORP.: $810 million senior secured credit facility; Credit Suisse, RBS and Bank of America; $45 million five-year revolver at Libor plus 625 bps, 1.5% Libor floor; $500 million five-year first-lien term loan (B1/B+) at Libor plus 625 bps, 1.5% Libor floor, OID 98, call protection 102, 101; $265 million 51/2-year second-lien term loan (B3/B) at Libor plus 1,100 bps, 1.5% Libor floor, OID 98, non-call two, 103, 101; help fund acquisition of GTCS Holdings LLC; Tampa, Fla.-based asset manager, mortgage servicer and mortgage portfolio owner.

WARNACO GROUP INC.: $200 million seven-year covenant-light term loan (Ba1/BBB-) talked at Libor plus 275 bps to 300 bps, 1% Libor floor, OID 991/2, 101 soft call; JPMorgan; refinance existing debt and general corporate purposes; New York-based designer, marketer and distributor of intimate apparel, sportswear and swimwear.

YRC WORLDWIDE INC.: $400 million three-year asset-based revolver priced at Libor plus 300 bps to 375 bps, commitment fee 37.5 bps to 62.5 bps, based on monthly average excess availability; Morgan Stanley; increase liquidity and refinance an asset-backed securitization facility; Overland Park, Kan., transportation service provider.

ON THE HORIZON

ACADEMY SPORTS + OUTDOORS: $1.49 billion credit facility; Morgan Stanley, Credit Suisse, Barclays, Goldman Sachs, Mizuho and KKR Financial; $840 million covenant-light term loan; $650 million asset-based revolver; help fund buyout by Kohlberg Kravis Roberts & Co LP; Katy, Texas, sporting goods and outdoor stores.

CALIFORNIA PIZZA KITCHEN INC.: $290 million senior secured credit facility; GE Capital and Jefferies; $260 million six-year term loan expected at Libor plus 425 bps, 1.25% Libor floor; $30 million five-year revolver expected at Libor plus 425 bps, 1.25% Libor floor, 50 bps unused fee; help fund buyout by Golden Gate Capital; Los Angeles-based casual dining chain.

CAPSUGEL: $1.07 billion credit facility; UBS, Barclays, Deutsche Bank, KKR Capital Markets and Mizuho; $150 million revolver; $920 million term B; help fund buyout by Kohlberg Kravis Roberts & Co LP from Pfizer Inc.; Peapack, N.J.-based manufacturer of hard capsules and drug-delivery systems.

CARROLS RESTAURANT GROUP INC.: New senior secured credit facility; term loans; refinancing in connection with separation by Carrols Restaurant Group Inc. of Hispanic brands from Burger King business; Syracuse, N.Y.-based operator of restaurant brands in the quick-casual and quick-service segments.

CHEFS' WAREHOUSE INC.: $80 million four-year senior secured credit facility; JPMorgan and GE Capital; $30 million term loan expected at Libor plus 400 bps; $50 million revolver expected at Libor plus 225 bps, 37.5 bps unused fee; in connection with IPO to refinance existing debt; Ridgefield, Conn., distributor of specialty food products.

CHINA FIRE & SECURITY GROUP INC.: $80 million five-year credit facility; Bank of America, Citigroup and HSBC; $20 million revolver expected at Libor plus 500 bps; $60 million term loan expected at Libor plus 500 bps; help fund buyout by Bain Capital Partners LLC and management; provider of industrial fire protection systems in China.

COSTAR GROUP INC.: $465 million credit facility; JPMorgan; $415 million seven-year term loan expected at Libor plus 350 bps, 1.25% Libor floor; $50 million five-year revolver expected at Libor plus 300 bps; help fund acquisition of LoopNet Inc.; Washington, D.C.-based commercial real estate information company.

DYNAMICS RESEARCH CORP.: $130 million five-year secured credit facility; Bank of America, SunTrust and PNC; $110 million term loan; $20 million revolver; help fund acquisition of High Performance Technologies Inc.; Andover, Mass., provider of information technology, engineering and other services for federal, state and local governments.

HAWAIIAN TELCOM HOLDCO INC.: $330 million credit facility; Credit Suisse; $300 million six-year term loan; $30 million revolver; refinance and extend existing term loan; Honolulu, Hawaii, provider of integrated communications services.

INVENTIV HEALTH: New financing; Bank of America, Citigroup and Jefferies; help fund acquisition of PharmaNet Development Group from JLL Partners Inc.; Somerset, N.J., provider of clinical, consulting and commercial services to the health care industry.

IPREO HOLDINGS LLC: $170 million credit facility; RBC; $20 million revolver; $150 million term loan; help fund buyout by Kohlberg Kravis Roberts & Co. LP from Veronis Suhler Stevenson; New York-based capital markets and corporate analytics firm.

LEVEL 3 FINANCING INC.: $650 million six-year senior secured covenant-light term loan B II expected at Libor plus 400 bps, 1.5% Libor floor, OID 99, 101 soft call; Bank of America, Citigroup, Deutsche Bank, Morgan Stanley and Credit Suisse; in connection with acquisition of Global Crossing Ltd.; Hamilton, Bermuda, provider of fiber-based communications services.

NOBEL LEARNING COMMUNITIES INC.: $91 million senior secured credit facility; BMO and Citizens Bank; $71 million term loan; $20 million revolver; help fund buyout by Leeds Equity Partners; West Chester, Pa., operator of private preschools, elementary schools, middle schools and K-12 online distance learning.

NORTHERN OFFSHORE LTD.: New credit facility; refinance existing line of credit; Hamilton, Bermuda-based operator of offshore oil and gas production and drilling vessels and provider of rig management services.

NTELOS WIRELINE ONC INC.: New senior secured credit facility including revolver; fund a working capital cash reserve and make a payment to Ntelos Holdings Corp. in connection with spin-off; Waynesboro, Va., wireline communications business.

OCWEN FINANCIAL CORP.: $575 million senior secured term loan; Barclays; help fund acquisition of Litton Loan Servicing LP; Atlanta-based provider of residential and commercial loan servicing, special servicing and asset management services.

PRIMEDIA INC.: New debt financing; Bank of America, Barclays, UBS and RBC; help fund buyout by TPG Capital; Norcross, Ga., provider of Internet, mobile and print guides to help people find apartments, houses for rent or new homes for sale.

SEALED AIR CORP.: $3 billion credit facility; Citigroup; $700 million multi-currency five-year revolver expected at Libor plus 250 bps, 50 bps unused fee; $750 million five-year term A expected at Libor plus 250 bps; $1.55 billion seven-year term loan B ($1 billion in dollars, $550 million in euros) expected at Libor plus 275 bps/Euribor plus 300 bps, 1% Libor/Euribor floor; help fund acquisition of Diversey Holdings Inc.; Elmwood Park, N.J., manufacturer of packaging and performance-based materials and equipment systems that serve food, industrial, medical, and consumer applications.

SMART MODULAR TECHNOLOGIES INC.: $350 million credit facility; JPMorgan and UBS; $300 million seven-year covenant-light first-lien term loan expected at Libor plus 450 bps, 1.25% Libor floor, OID 991/2; $50 million five-year first-lien first-out revolver expected at Libor plus 450 bps, 50 bps unused fee, 1.25% Libor floor, 100 bps upfront fee; help fund buyout by Silver Lake Partners and Silver Lake Sumeru; Newark, Calif., manufacturer of memory modules and solid state storage products.

STAFFMARK HOLDINGS INC.: $150 million five-year secured revolver at Libor plus 200 bps to 250 bps; SunTrust and Harris; in connection with IPO; refinance existing facility; Cincinnati-based provider of light industrial, clerical and specialty temporary staffing.

WESTERN DIGITAL CORP.: $2.5 billion senior unsecured credit facility; Bank of America; $500 million revolver; $2 billion five-year term loan; help fund acquisition of Hitachi Global Storage Technologies from Hitachi Ltd., refinance existing bank debt and for general corporate purposes; Irvine, Calif., designer and producer of hard drives and solid state drives.

WPX ENERGY INC.: $1.5 billion five-year senior unsecured credit facility; in connection with IPO; Tulsa, Okla., natural gas and oil exploration and production company.

W.R. GRACE & CO.: $1 billion exit facility, including a $200 million revolver; Goldman Sachs and Deutsche Bank; Columbia, Md., specialty chemicals 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.