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 8/12/2015 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $41.619 billion deals being marketed

Upcoming Closings

888 HOLDINGS LTD. PLC: $650 million-equivalent credit facility (Ba3/B+); Barclays and JPMorgan; $50 million five-year multi-currency revolver; $600 million covenant-light six-year term loan split into U.S. tranche greater than or equal to $350 million and euro tranche talked at Libor/Euribor plus 400 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; help fund acquisition of bwin.party digital entertainment plc; Gibraltar-based online gaming company.

ACCENTCARE: $170 million senior credit facility; GE Capital; $30 million five-year revolver; $105 million six-year first-lien term B talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $35 million seven-year second-lien term loan talked at Libor plus 875 bps, 1% Libor floor, OID 98.5, call protection 102, 101; refinance existing debt; Dallas-based home health provider.

ACRISURE LLC: $139 million add-on first-lien term loan (including $110 million delayed-draw) at Libor plus 425 bps, 1% Libor floor, OID 98, 101 soft call for six months; JPMorgan; fund acquisitions; Caledonia, Mich., retail insurance brokerage.

ALBANY MOLECULAR RESEARCH INC.: $230 million credit facility (B1/B+); Barclays; $30 million five-year revolver; $200 million six-year term B talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; support acquisition of Gadea Grupo Farmaceutico and repay revolver borrowings; Albany, N.Y., drug discovery services and manufacturing company.

ALION SCIENCE AND TECHNOLOGY CORP.: $340 million credit facility; UBS; $40 million revolver (Ba3); $300 million six-year term loan (B1) at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Veritas Capital; McLean, Va., research and development, IT and operational services company.

AMAG PHARMACEUTICALS INC.: $350 million six-year senior secured covenant-light term loan (Ba2/BB) at Libor plus 375 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Jefferies and Barclays; help fund acquisition of Cord Blood Registry from GTCR and refinance existing term loan; Waltham, Mass., specialty pharmaceutical company.

ANCESTRY.COM: Expected close in August; $835 million senior secured credit facility (Ba3/B); Morgan Stanley, Credit Suisse, Deutsche Bank, Goldman Sachs and RBC; $100 million five-year revolver talked at Libor plus 350 bps to 375 bps; $735 million seven-year covenant-light term B talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance term loans and fund a dividend; Provo, Utah, online family history resource.

ASCENA RETAIL GROUP INC.: Expected close Aug. 17 week; $2.4 billion credit facility; Goldman Sachs and Guggenheim Securities on term loan; $1.8 billion seven-year senior secured covenant-light term B (Ba2/BB+) at Libor plus 450 bps, 0.75% Libor floor, OID 98, 101 soft call; $600 million five-year ABL revolver at Libor plus 125 bps to 150 bps based on excess availability, 20 to 25 bps unused fee; help fund acquisition of ANN Inc. and refinance certain existing debt; Mahwah, N.J., specialty retailer offering clothing, shoes, and accessories for missy and plus-size women.

AVAGO TECHNOLOGIES LTD. (BROADCOM LTD.): $3.75 billion five-year credit facility; Credit Suisse, Bank of America, Deutsche Bank, Barclays, Citigroup and Wells Fargo; $500 million revolver; $3.25 billion term A at Libor plus 150 bps to 200 bps, subject to a ratings-based grid; help fund acquisition of Broadcom Corp. and refinance existing debt facilities; semiconductor company.

BLUE BIRD BODY CO.: Roughly $229 million first-lien term loan talked at Libor plus 475 bps to 500 bps, 1% Libor floor, 101 soft call for six months; Societe Generale, Macquarie and Fifth Third; repricing; Fort Valley, Ga., manufacturer of school buses and a provider of aftermarket parts and services.

C SPIRE: $250 million seven-year term B-1 talked at Libor plus 300 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Bank of America and Moelis; refinance existing debt and general corporate purposes; Ridgeland, Miss., diversified telecommunications and technology services company.

CPI CARD GROUP: $475 million credit facility (B1); Goldman Sachs, BNP Paribas and Scotia Bank; $40 million five-year revolver; $435 million seven-year term B talked at Libor plus 400 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; refinance existing debt and redeem preferred stock; Littleton, Colo., provider of payment solutions including card production, card personalization, mobile technologies and fulfillment services.

DELTA AIR LINES INC.: $2 billion credit facility (Baa3/BBB); Barclays, JPMorgan, Bank of America, BBVA, BNP Paribas, Citigroup, Credit Agricole, Credit Suisse, Deutsche Bank, Fifth Third, Goldman Sachs, Wells Fargo and UBS; $1.5 billion five-year revolver; $500 million seven-year term B talked at Libor plus 250 bps, 0.75% Libor floor, OID 99 to 99.5, 101 soft call for six months; refinance existing bank debt and general corporate purposes; Atlanta-based airline company.

DTZ (DTZ U.S. BORROWER LLC AND DTZ AUS HOLDCO PTY LTD.): $1.98 billion in bank debt; UBS, JPMorgan, Bank of America, Credit Suisse, Citigroup, Morgan Stanley, Credit Agricole, Mizuho and HSBC; $175 million incremental multi-currency revolver due Nov. 4, 2019; $1.805 billion first-lien term loan (including $1.055 billion incremental) due Nov. 4, 2021 at Libor plus 325 bps, 1% Libor floor, OID 99.5 on incremental, 99.75 on repricing, 101 soft call for six months; fund acquisition of Cushman & Wakefield and reprice existing first-lien term loan; Chicago-based property services company.

DUFF & PHELPS CORP.: $151 million in new term loans; Credit Suisse and RBC; $41 million incremental first-lien term loan (B2/B) due April 23, 2020 talked at Libor plus 375 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; $110 million six-year second-lien term loan (Caa1/CCC+) talked at Libor plus 775 bps, 1% Libor floor, OID 99, call protection 102, 101; fund a dividend to shareholders; also repricing existing first-lien term loan upwards to Libor plus 375 bps, 1% Libor floor; New York-based financial advisory and investment banking firm.

EMDEON INC.: $395 million incremental term B (Ba3/B+) due November 2018 at Libor plus 250 bps, 1.25% Libor floor, OID 99.75; Bank of America, Citigroup, Deutsche Bank, Goldman Sachs, Jefferies, Mizuho and SunTrust; help fund acquisition of Altegra Health Inc. from Parthenon Capital Partners; Nashville-based provider of health-care revenue and payment cycle management and clinical information exchange solutions.

EMI MUSIC PUBLISHING: $1.17 billion credit facility (Ba3/BB-); UBS and Goldman Sachs; $50 million five-year revolver; $1.12 billion seven-year first-lien term loan at Libor plus 300 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; refinance existing debt, pay a dividend and add cash to the balance sheet for future debt repayment; New York-based music publisher.

ENDO INTERNATIONAL PLC: $3.8 billion in bank debt (Ba1/BB); Deutsche Bank, Barclays and Morgan Stanley; $2.8 billion seven-year term B at Libor plus 300 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; $1 billion asset-sale bridge loan at Libor plus 275 bps, 0.75% Libor floor, OID 99.75; help fund acquisition of Par Pharmaceutical Holdings Inc.; Dublin specialty pharmaceutical company.

FALCON GROUP HOLDINGS: $250 million five-year term B (Ba3/BB+/BB-) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99, 101 soft call; JPMorgan and Natixis; general corporate purposes; provider of trade finance transactions to corporate clients.

GRATON ECONOMIC DEVELOPMENT AUTHORITY: $225 million seven-year term B (B2) at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call; Bank of America, Wells Fargo, U.S. Bank, Capital One and Fifth Third; repay notes; Rohnert Park, Calif., authority formed to develop, construct and operate all gaming and related businesses of the Graton Rancheria Tribe.

HILL-ROM HOLDINGS INC.: $2.3 billion senior secured credit facility (Ba2); Goldman Sachs; $500 million revolver; $1 billion term A; $800 million seven-year term B at Libor plus 275 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; help fund acquisition of Welch Allyn Inc.; Chicago-based medical technology company.

HUDSON’S BAY CO.: $1.085 billion seven-year term B (B1/BB) talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, Morgan Stanley, RBC and Scotiabank; Ontario-based operator of department stores.

ICON HEALTH & FITNESS: $220 million in term loans; Bank of America and JPMorgan; $160 million six-year first-lien covenant-light term loan (B2/B-) talked at Libor plus 575 bps, 1% Libor floor, OID 99, soft call 102, 101; $60 million seven-year second-lien covenant-light term loan (B3/CCC) talked at Libor plus 975 bps, 1% Libor floor, OID 98, non-call one, 102, 101; refinance existing debt; Logan, Utah, fitness equipment company.

INNOVATIVE XCESSORIES & SERVICES LLC: $103 million add-on term loan talked at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; GE Capital; fund a dividend, repay mezzanine and holdco notes and add cash to the balance sheet; Huntsville, Ala., provider of upfit services and accessories to the automotive aftermarket and original equipment manufacturers.

INVENERGY THERMAL OPERATING I LLC: $607 million senior secured credit facility (B1/B+); Morgan Stanley; $70 million revolver; $537 million seven-year term B talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; retire existing corporate and some project-level debt, and fund reserves; power producer.

JBS USA LLC: $1.2 billion first-lien term loan due August 2022 (Ba1/BB+) talked at Libor plus 300 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, Bank of America and Rabobank; help fund acquisition of Cargill’s U.S.-based pork business; Greeley, Colo., beef, pork and lamb processing company.

JET SUPPORT SERVICES INC.: $175 million six-year term loan talked at Libor plus 600 bps, 1% Libor floor, OID 99, 101 soft call; UBS; refinance existing debt and fund a dividend; Chicago-based provider of hourly cost maintenance programs for aircraft engines and airframes.

KEY SAFETY SYSTEMS INC.: $50 million add-on first-lien term loan (B+) due August 2021 talked at Libor plus 375 bps, 1% Libor floor, OID 99.5; UBS; fund capital expenditures, a potential bolt-on acquisition and general corporate purposes; Sterling Heights, Mich., supplier of automotive safety restraint systems and components.

KIK CUSTOM PRODUCTS: $1.075 billion credit facility; Barclays, BMO, Nomura and Macquarie; $225 million five-year asset-based revolver; $850 million seven-year senior secured covenant-light term loan (B2/B-) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Centerbridge Partners LP from CI Capital Partners; Ontario-based developer and marketer of pool and spa treatment products and a manufacturer of household and personal-care products.

KISSNER MILLING CO. LTD.: $475 million credit facility; Barclays, Bank of America and Jefferies; $50 million five-year ABL revolver; $425 million seven-year first-lien covenant-light term loan (B3/B) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; fund the acquisition of BSC Holdings Inc., refinance 7.25% senior secured notes due 2019 and fund a shareholder distribution; Ontario-based producer and distributor of bulk rock salt and packaged specialty deicing products.

KNOWLEDGE UNIVERSE EDUCATION LLC: $925 million credit facility; Credit Suisse, Barclays and BMO; $80 million revolver (B1/B); $645 million seven-year first-lien covenant-light term loan (B1/B) at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call; $200 million eight-year second-lien covenant-light term loan (Caa1/CCC+) at Libor plus 925 bps, 1% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Partners Group; Portland, Ore. for-profit provider of early childhood education.

NATIONAL VETERINARY ASSOCIATES (NVA HOLDINGS INC.): $75 million add-on covenant-light term loan (including $25 million delayed-draw tranche) (B1/B) due Aug. 14, 2021 talked at Libor plus 375 bps, 1% Libor floor, OID 99.5; Bank of America, Jefferies and Nomura; acquisition financing and general corporate purposes; Agoura Hills, Calif., owner of independent freestanding veterinary hospitals.

OSMOSE HOLDINGS: $435 million credit facility; Goldman Sachs and RBC; $45 million five-year revolver (B2/B); $275 million seven-year first-lien covenant-light term loan (B2/B) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $115 million eight-year second-lien covenant-light term loan (Caa2/CCC+) talked at Libor plus 775 bps to 800 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Kohlberg & Co.; Tyrone, Ga., service provider safeguarding utility infrastructure.

OWENS-BROCKWAY GLASS CONTAINER INC. (OWENS-ILLINOIS INC.): $1.25 billion in term loans (Baa3/BBB); Deutsche Bank, Bank of America, BNP Paribas, Credit Agricole, Goldman Sachs, JPMorgan, Scotiabank, Barclays, Rabobank and HSBC; $750 million seven-year covenant-light term B talked at Libor plus 275 bps to 300 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $500 million term A due April 2020 talked at Libor plus 175 bps; help fund acquisition of Vitro, SAB de CV’s food and beverage glass container business; Perrysburg, Ohio, glass container manufacturer.

PARTY CITY HOLDINGS INC.: Expected close Aug. 17 week; $1.88 billion credit facility; Deutsche Bank, Bank of America, Barclays, Goldman Sachs, Macquarie, Mizuho, Morgan Stanley, MUFG, Sumitomo and Wells Fargo; $540 million asset-based revolver; $1.34 billion seven-year covenant-light term B (B1/B) at Libor plus 325 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; refinance existing debt including some notes; Rockaway, N.J., designer, manufacturer and distributor of party goods, including paper and plastic tableware, metallic balloons, accessories, novelties, gifts and stationery.

PATTERSON MEDICAL: $300 million seven-year covenant-light term B (Ba3) talked at Libor plus 375 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; Deutsche Bank, Barclays, Bank of America and Jefferies; help fund buyout by Madison Dearborn Partners from Patterson Cos. Inc.; distributor of rehabilitation supplies and non-wheelchair assistive patient products to the physical and occupational therapy markets.

PETROCHOICE HOLDINGS INC.: $365 million credit facility; Barclays, Angel Island and Jefferies; $40 million five-year revolver (B1/B+); $235 million seven-year covenant-light first-lien term loan (B1/B+) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; $90 million eight-year covenant-light second-lien term loan (Caa1/CCC+) talked at Libor plus 775 bps to 800 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Golden Gate Capital; Ft. Washington, Pa., distributor of consumable lubricants and value-added lubrication solutions.

POWERTEAM SERVICES: $40 million add-on first-lien term loan talked at Libor plus 325 bps, 1% Libor floor, OID 99.026, 101 soft call for six months; Jefferies; fund an acquisition; Cary N.C., provider of services to electric and gas utilities.

QUALITY DISTRIBUTION INC.: $635 million senior secured credit facility; Deutsche Bank (left lead on first-lien), Bank of America (left lead on second-lien), Jefferies, Macquarie, SunTrust, Credit Suisse and Natixis; $100 million asset-based revolver; $415 million seven-year covenant-light first-lien term loan (B1/B-) at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call; $120 million eight-year covenant-light second-lien term loan (Caa1/CCC) at Libor plus 850 bps, 1% Libor floor, OID 95, non-call one, 103, 101; help fund buyout by Apax Partners; Tampa, Fla., logistics and transportation provider.

SERVICEMASTER CO. LLC: $400 million add-on term loan (B1) talked at Libor plus 325 bps, 1% Libor floor, OID 99.5 to 99.75; JPMorgan; help fund notes repurchase; Memphis-based provider of maintenance services to residential and commercial customers.

SITEL WORLDWIDE CORP.: $545 million credit facility; Societe Generale (left on first-lien) and BNP Paribas (left on second-lien); $60 million revolver (B1/B); $365 million six-year first-lien term loan (B1/B) at Libor plus 550 bps, 1% Libor floor, OID 99, 101 soft call; $120 million seven-year second-lien term loan (Caa2/B-) at Libor plus 950 bps, 1% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Groupe Acticall from Onex Corp.; Nashville-based provider of customer care outsourcing services.

SMART START INC.: $230 million credit facility; BNP Paribas; $30 million five-year revolver; $145 million 6.5-year first-lien term loan talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99, 101 soft call for six months; $55 million pre-placed seven-year second-lien term loan; help fund buyout by ABRY Partners; Grapevine, Texas, provider of ignition interlocks and portable devices for alcohol monitoring.

SRS DISTRIBUTION INC.: $325 million first-lien covenant-light term loan (B2/B) talked at Libor plus 425 bps, step-down to Libor plus 400 bps when gross senior secured leverage is 4.5x, 1% Libor floor, OID 99, 101 soft call for six months; Barclays and UBS; refinance first-lien term loan and mezzanine notes; McKinney, Texas, roofing distributor.

STAPLES INC.: $5.75 billion credit facility; Barclays, Bank of America, Wells Fargo and HSBC; $3 billion five-year asset-based revolver; $2.75 billion six-year senior secured covenant-light term B (Baa2/BBB) at Libor plus 275 bps, 0.75% Libor floor, OID 99½, 101 soft call for six months; help fund acquisition of Office Depot Inc.; Framingham, Mass., retailer of office supplies.

STERIGENICS INTERNATIONAL INC.: $50 million add-on term loan talked at Libor plus 325 bps, 1% Libor floor, OID 99.25 to 99.5; JPMorgan; general corporate purposes and acquisitions; Deerfield, Ill., provider of contract sterilization, gamma technologies and medical isotopes.

TERRAFORM AP ACQUISITION HOLDINGS LLC (TERRAFORM PRIVATE LLC): $280 million senior secured term B (Ba2/B+) at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley, Citigroup and Goldman Sachs; fund acquisition of Atlantic Power wind assets; Bethesda, Md., renewable energy company.

US LBM HOLDINGS LLC: $975 million credit facility; Credit Suisse, RBC, Barclays and SunTrust; $175 million ABL revolver; $650 million seven-year first-lien covenant-light term loan (B3/B+) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $150 million eight-year second-lien covenant-light term loan (Caa2/B-) talked at Libor plus 850 bps to 875 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Kelso & Co.; Green Bay, Wis., owner of building material distribution businesses.

VISTAGE: $165 million credit facility (B2/B); SunTrust and Credit Suisse; $15 million revolver; $150 million term B at Libor plus 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a dividend; San Diego, Calif., for-profit membership organization of CEOs.

On The Horizon

ALJ REGIONAL HOLDINGS INC.: $125 million credit facility; Cerberus Business Finance; $30 million revolver; $95 million term loan; help fund acquisition of Phoenix Color Corp. from Visant Corp. and refinance outstanding obligations; expected close by Oct. 5; provider of business process outsourcing and co-sourced services to the health-care, utility, toll and transportation industries and a provider of multiple finishing products for the commercial, retail and home builder markets.

ALLIANCE LAUNDRY SYSTEMS: New senior secured credit facility; Bank of America and BMO; help fund buyout by BDT Capital Partners LLC from Ontario Teachers’ Pension Plan; Ripon, Wis., designer, manufacturer and marketer of commercial laundry equipment.

ASSUREDPARTNERS INC.: New debt financing; Bank of America, RBC and Morgan Stanley; help fund buyout by Apax Partners from GTCR; Lake Mary, Fla., provider of property and casualty and employee benefits insurance brokerage services.

BEACON ROOFING SUPPLY INC.: $1.15 billion credit facility; Citigroup (left on term loan) and Wells Fargo (left on revolver); $700 million five-year ABL revolver expected at Libor plus 125 bps to 175 bps based on quarterly average excess availability; $450 million seven-year term B expected at Libor plus 300 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Roofing Supply Group from Clayton, Dubilier & Rice; Herndon, Va., distributor of residential and commercial roofing materials and complementary building products.

BERRY PLASTICS GROUP INC.: New loans; help fund acquisition of Avintiv from Blackstone Group LP; Evansville, Ind., manufacturer and marketer of value-added plastic consumer packaging and engineered materials.

CBRE GROUP INC.: $300 million add-on term loan; help fund acquisition of Global Workplace Solutions business of Johnson Controls Inc.; Los Angeles-based commercial real estate services and investment firm.

COLUMBUS MCKINNON CORP.: $75 million incremental revolver at Libor plus 225 bps, 35 bps commitment fee; JPMorgan; help fund acquisition of Magnetek Inc.; Amherst, N.Y., designer, manufacturer and marketer of material handling products.

EBAY ENTERPRISE: New debt financing; Morgan Stanley and Credit Suisse; help fund buyout by Permira, Sterling Partners and Longview Asset Management; King of Prussia, Pa., provider of retail-optimized commerce solutions, order management, fulfillment, customer care and marketing solutions.

ENVISION HEALTHCARE CORP.: $635 million incremental seven-year covenant-light term loan expected at Libor plus 300 bps, 1% Libor floor, 101 soft call for six months; Barclays and Goldman Sachs; fund acquisition of Rural/Metro Corp.; Greenwood Village, Colo., provider of health-care related services.

FIRST EAGLE INVESTMENT MANAGEMENT: New debt financing; Morgan Stanley, UBS, HSBC, Bank of America and Citigroup; help fund buyout by Blackstone and Corsair Capital from TA Associates; New York-based asset management firm.

HESS INFRASTRUCTURE PARTNERS: $1 billion five-year credit facility; $400 million revolver; $600 million term A; in connection with formation as a joint venture between Hess Corp. and Global Infrastructure Partners; midstream company.

LUMENIS LTD.: $160 million credit facility; $140 million in long-term loans; $20 million working capital facility; help fund buyout by XIO Group; Israel-based energy-based medical company for surgical, ophthalmology and aesthetic applications.

LUMILEDS: $1.93 billion credit facility; Bank of China; U.S. dollar and euro term loans; revolver; help fund acquisition of majority interest by GO Scale Capital from Royal Philips; supplier of lighting components to the general illumination, automotive and consumer electronics markets.

NXP SEMICONDUCTORS NV: $5.64 billion of senior secured bank debt; Credit Suisse, Morgan Stanley, Barclays, Deutsche Bank and Bank of America; $5.04 billion in five-year covenant-light term B-1 and seven-year covenant-light term B-2 debt; $600 million five-year super-priority revolver expected at Libor plus 200 bps; help fund acquisition of Freescale Semiconductor Ltd.; Eindhoven, Netherlands, maker of semiconductors.

OM GROUP INC.: $650 million senior secured credit facility; Credit Suisse and Sumitomo; $75 million five-year revolver; $450 million seven-year first-lien term loan; $125 million eight-year second-lien term loan; help fund buyout by Apollo Global Management LLC; Cleveland, Ohio, technology-driven diversified industrial company.

OMNIVISION TECHNOLOGIES INC.: Up to $500 million six-year term loan; Bank of China and China Merchants Bank; help fund buyout by Hua Capital Management Co. Ltd., Citic Capital Holdings Ltd. and GoldStone Investment Co. Ltd.; Santa Clara, Calif., developer of advanced digital imaging solutions.

PLATFORM SPECIALTY PRODUCTS CORP.: New debt financing; Credit Suisse; help fund acquisition of Alent plc; Miami-based specialty chemicals company.

SHENANDOAH TELECOMMUNICATIONS CO.: $960 million credit facility; CoBank, RBC and Fifth Third; $75 million revolver ranging from Libor plus 225 bps to 300 bps based on total leverage; $485 million five-year term A-1 ranging from Libor plus 225 bps to 300 bps based on total leverage; $400 million seven-year delayed-draw term A-2 ranging from Libor plus 250 bps to 325 bps based on total leverage; fund acquisition of Ntelos Holdings Corp. and refinance existing debt; Edinburg, Va.-based provider of telecommunications services.

STAMPS.COM: $165 million secured credit facility; Wells Fargo, Bank of America and JPMorgan; $82.5 million term loan; $82.5 million revolver; help fund acquisition of Endicia from Newell Rubbermaid Inc.; El Segundo, Calif., provider of internet-based postage services.

SUNEDISON INC.: $500 million non-recourse first-lien term loan; Goldman Sachs; help fund acquisition of Vivint Solar; Maryland Heights, Mo., renewable energy development company.

TEAM HEALTH HOLDINGS INC.: $965 million seven-year term B expected at Libor plus 300 bps, 0.75% Libor floor; Citigroup; help fund acquisition of IPC Healthcare Inc.; Knoxville, Tenn., provider of outsourced physician staffing solutions for hospitals.

VERITAS TECHNOLOGIES CORP.: New debt financing; Bank of America, Morgan Stanley, UBS and Jefferies; help fund buyout by The Carlyle Group from Symantec Corp.; Mountain View, Calif., provider of storage and server management software solutions.


© 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.