Bank Loan Calendar: $40.755 billion deals being marketed

January Bank Meetings

ACADIA HEALTHCARE CO. INC.: $955 million incremental senior secured term B; Bank of America and Jefferies; help fund acquisition of Priory Group; Franklin, Tenn., provider of inpatient behavioral healthcare services.

GCP APPLIED TECHNOLOGIES INC.: Bank meeting Jan. 12; $275 million covenant-light term B; Deutsche Bank, Goldman Sachs, Bank of America and Citigroup; fund a distribution and for working capital in connection with spinoff from W.R. Grace & Co.; Cambridge, Mass., provider of products and technology solutions in the specialty construction chemicals, specialty building materials and packaging sealants and coating industries.

GRAY TELEVISION INC.: Bank meeting Jan. 12; $400 million incremental senior secured term loan due June 2021 talked at Libor plus 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Wells Fargo and Bank of America; help fund acquisition of all television and radio stations of Schurz Communications Inc.; expected closing Feb. 1; Atlanta-based television broadcast company.

NORTHSTAR ASSET MANAGEMENT GROUP INC.: Bank meeting Jan. 12; $500 million senior secured term B; Morgan Stanley; fund acquisition of a roughly 85% interest in the Townsend Group and general corporate purposes; New York-based asset management firm focused on managing real estate investment platforms.

SOLARWINDS: Bank meeting Jan. 13 in New York, Jan. 14 in London; $1.625 billion senior secured credit facility; Goldman Sachs, Credit Suisse, Macquarie and Nomura; $125 million revolver; $1.5 billion equivalent U.S. and euro first-lien term loan; help fund buyout by Silver Lake Partners and Thoma Bravo LLC; Austin, Texas, provider of IT management software.

SOLERA HOLDINGS INC.: $2.2 billion senior secured credit facility; Goldman Sachs; $300 million revolver; $1.9 billion term loan; help fund buyout by Vista Equity Partners; San Ramon, Calif., provider of software and services to the automobile insurance claims processing industry.

Upcoming Closings

1-800 CONTACTS INC. (CNT HOLDINGS III CORP.): $580 million credit facility (B1/B); Credit Suisse, Barclays and Deutsche Bank; $80 million five-year revolver; $500 million seven-year first-lien term loan talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 98.5 to 99, 101 soft call for six months; help fund AEA Investors LP’s acquisition of a majority interest from Thomas H. Lee Partners LP; Draper, Utah, retailer of contact lenses.

ALPHA MEDIA: $350 million credit facility; Citizens Bank; $20 million revolver (B1/B); $265 million first-lien term loan (B1/B) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99, 101 soft call for six months; $65 million privately placed second-lien term loan; fund acquisition of radio stations from Digity LLC; Portland, Ore., radio broadcast media company.

AMERICAN RENAL HOLDINGS INC.: $60 million add-on first-lien term loan talked at Libor plus 375 bps, 1.25% Libor floor, OID 99, 101 soft call for six months; Bank of America, Wells Fargo, SunTrust, Barclays and Goldman Sachs; refinance second-lien term loan debt and pay a dividend; also increasing pricing on existing first-lien term loan to Libor plus 375 bps, 1.25% Libor floor; Beverly, Mass., provider of dialysis services.

AVAGO TECHNOLOGIES CAYMAN FINANCE LTD. (BROADCOM LTD.): $9.75 billion seven-year covenant-light term B (Ba1/BBB/BBB) at Libor plus 350 bps, step-down to Libor plus 325 bps at 1.75x net total leverage, 0.75% Libor floor, OID 99, 101 soft call for six months; Bank of America, Credit Suisse, Deutsche Bank, Barclays, Citigroup and Wells Fargo; also €900 million term B at Euribor plus 350 bps, step-down to Euribor plus 325 bps at 1.75x net total leverage, 0.75% floor, OID 99, 101 soft call for six months; help fund acquisition of Broadcom Corp. and refinance existing debt facilities; also $500 million revolver and $4.25 billion term A at Libor plus 150 bps to 200 bps, subject to a ratings-based grid; semiconductor company.

CABLE & WIRELESS COMMUNICATIONS PLC: $1.37 billion credit facility; Bank of America, Goldman Sachs, Scotiabank, BNP Paribas, Citigroup, Credit Suisse, ING and RBC; $440 million seven-year covenant-light term B-1 (Ba2/BB-) at Libor plus 475 bps, 0.75% Libor floor, OID 98, 101 soft call; $360 million seven-year covenant-light term B-2 (Ba2/BB-) at Libor plus 475 bps, 0.75% Libor floor, OID 98, 101 soft call; $570 million revolver; refinance notes and revolvers, and fund a special dividend in connection with acquisition by Liberty Global plc; London-based telecommunications company.

CABLEVISION SYSTEMS CORP.: $5.8 billion credit facility (Ba1/BB-); JPMorgan, BNP Paribas and Barclays; $2 billion five-year revolver; $3.8 billion seven-year term B at Libor plus 400 bps, 1% Libor floor, OID 98.5, 101 soft call; help fund acquisition by Altice NV and repay existing term loans; Bethpage, N.Y., media and telecommunications company.

JAMUL INDIAN VILLAGE DEVELOPMENT CORP.: $460 million senior secured credit facility (B3/B); Citizens Bank, Fifth Third and Goldman Sachs; $15 million revolver; $335 million term B talked at Libor plus 800 bps, 1% Libor floor, OID 98, non-call one, 102, 101; $110 million delayed-draw term loan; back construction of Hollywood Casino Jamul-San Diego on Jamul Indian Village’s reservation in Jamul, Calif.

KONECRANES TEREX PLC: $1.6 billion credit facility (Ba2/BB+); Credit Suisse, Citigroup, Commerzbank, Credit Agricole and Nordea Bank; $900 million-equivalent seven-year term loan B (split into $355 million and €500 million tranches) at Libor plus 375 bps, 0.75% floor, OID 98; 101 soft call; $700 million multi-currency revolver; help fund merger of Terex Corp. and Konecranes plc and refinance existing debt; diversified equipment manufacturer and lifting solutions.

MEDASSETS: $1.73 billion senior secured credit facility; Barclays, Morgan Stanley, Macquarie and Golub Capital; $100 million five-year revolver (B2/B); $1.13 billion 6.5-year first-lien covenant-light term loan (B2/B) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99 (additional 50 bps fee if credit facility not repaid within six months of closing), 101 soft call for six months; $500 million seven-year second-lien covenant-light term loan (Caa2/CCC+) talked at Libor plus 950 bps, 1% Libor floor, OID 97, non-call one, 103, 101 (or par for 12 months for any prepayments with proceeds of the SCM divestiture); help fund buyout by Pamplona Capital Management; Alpharetta, Ga., health-care performance improvement company.

MICROSEMI CORP.: Expected close Jan. 15; $2.45 billion senior secured credit facility (Ba2/BB-); Morgan Stanley, Bank of Tokyo-Mitsubishi and Deutsche Bank; $300 million five-year revolver at Libor plus 250 bps; $450 million five-year term A at Libor plus 250 bps; $1.7 billion seven-year covenant-light term B at Libor plus 450 bps, 0.75% Libor floor, OID 97, 101 soft call; help fund acquisition of PMC-Sierra Inc. and refinance existing debt; Aliso Viejo, Calif., provider of semiconductor solutions.

PETCO ANIMAL SUPPLIES INC.: Expected closing late January; $3 billion credit facility; Citigroup, Barclays, RBC, Credit Suisse, Nomura and Macquarie; $2.5 billion seven-year covenant-light senior secured first-lien term B (B1/B) talked at Libor plus 450 bps, 1% Libor floor, OID 98.5 to 99, 101 soft call for six months; $500 million asset-based revolver; help fund buyout by CVC Capital Partners and Canada Pension Plan Investment Board from TPG and Leonard Green & Partners; San Diego-based specialty retailer of pet food, supplies and services.

PGT INC.: $310 million seven-year covenant-light term B (B2/B+) talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; Deutsche Bank and SunTrust; fund acquisition of WinDoor Inc. and refinance existing debt; Venice, Fla., manufacturer and supplier of residential impact-resistant windows and doors.

PINNACLE FOODS INC.: $550 million incremental term loan (Ba2/BB+) talked at Libor plus 350 bps area, 0.75% Libor floor, OID 99, 101 soft call for six months; Bank of America, Barclays and Credit Suisse; help fund acquisition of Boulder Brands Inc.; Parsippany, N.J., producer, marketer and distributor of branded food products.

SARNOVA INC.: $255 million credit facility; Capital One; $40 million revolver; $215 million six-year first-lien term loan talked at Libor plus 475 bps, 1% Libor floor, OID 99; refinance existing debt; Dublin, Ohio, medical sales and distribution company.

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.

STERLINGBACKCHECK: $120 million add-on first-lien term loan (B1/B) talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 98.5 to 99, 101 soft call for six months; Goldman Sachs, Keybanc and ING; help fund acquisition of TalentWise; New York-based background screening company.

STRATOSE INC.: Expected close late January; $265 million first-lien term loan talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 98.5 to 99, 101 soft call for six months; SunTrust, Capital One and BMO; help refinance existing debt and fund an add-on acquisition; Atlanta-based provider of healthcare cost containment solutions.

ZAYO GROUP LLC: $400 million covenant-light term B-2 (Ba2) due May 6, 2021 talked at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley; fund acquisitions; Boulder, Colo., provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services.

On The Horizon

BLOUNT INTERNATIONAL INC.: $550 million senior secured credit facility; $75 million revolver, $300 million term loan, $175 million euro-equivalent term loan; help fund acquisition by American Securities LLC and P2 Capital Partners LLC; Barclays and KeyBanc Capital Markets Inc.; closing expected in first half of 2016; Portland, Ore.-based manufacturer and marketer of replacement parts, equipment and accessories for consumers and professionals operating in forestry, lawn and garden; farm, ranch and agriculture; and concrete cutting and finishing.

CACI INTERNATIONAL INC.: $300 million in incremental term loan debt; Bank of America; help fund acquisition of L-3 National Security Solutions Inc.; Arlington, Va., provider of information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian customers.

CISION: New debt financing; Deutsche Bank, Barclays and RBC; help fund acquisition of PR Newswire from UBM plc; Chicago-based media intelligence company.

COMTECH TELECOMMUNICATIONS CORP.: $400 million five-year senior secured credit facility; Citigroup; $150 million revolver expected at Libor plus 325 bps; $250 million term A expected at Libor plus 325 bps; help fund acquisition of TeleCommunication Systems Inc.; Melville, N.Y., designer, developer, producer and marketer of products, systems and services for advanced communications solutions.

DELL INC.: $20.5 billion senior secured credit facility; Credit Suisse, JPMorgan, Bank of America, Barclays, Citigroup, Goldman Sachs, Deutsche Bank and RBC; $3 billion five-year revolver; $3.5 billion three-year term A-1; $3.5 billion five-year term A-2; $8 billion seven-year term B, 101 soft call for six months; $2.5 billion 364-day term cash flow facility; help fund acquisition of EMC Corp.; Round Rock, Texas, technology and services company.

DIALOG SEMICONDUCTOR: $2.1 billion seven-year covenant-light term loan (Ba2/BB) expected at Libor plus 325 bps, 0.75% Libor floor; Morgan Stanley; help fund acquisition of Atmel Corp.; London-based provider of highly integrated standard and custom mixed-signal integrated circuits.

ENDURANCE INTERNATIONAL GROUP HOLDINGS INC.: $735 million incremental term loan (B1/B); Credit Suisse and Goldman Sachs; help fund acquisition of Constant Contact Inc.; Burlington, Mass., provider of web hosting and online services.

GLOBAL PAYMENTS INC.: $1.78 billion seven-year covenant-light term B expected at Libor plus 375 bps, step-down based on leverage, 0.75% Libor floor, 101 soft call for six months; Bank of America; help fund acquisition of Heartland Payment Systems Inc.; Atlanta-based provider of payment technology services.

KEURIG GREEN MOUNTAIN INC.: New debt financing; help fund purchase by JAB Holding Co.-led investor group; Waterbury, Vt., personal beverage system company.

MATTRESS FIRM HOLDING CORP.: Add-on term loan; help fund acquisition of Sleepy’s; Houston-based mattress retailer.

MEDIA GENERAL INC.: Incremental senior secured term B; RBC and JPMorgan; help fund acquisition of Meredith Corp.; Richmond, Va., television broadcasting and digital media company.

NEW FLYER INDUSTRIES INC.: $825 million four-year senior secured credit facility; Bank of Nova Scotia and BMO; $343 million revolver; $482 million term loan; fund acquisition of Motor Coach Industries International Inc. from KPS Capital Partners LP and refinance existing credit facilities; Winnipeg-based manufacturer of heavy-duty transit buses.

ON SEMICONDUCTOR CORP.: $2.7 billion senior secured credit facility; Deutsche Bank and Bank of America; $300 million five-year revolver expected at Libor plus 300 bps; $2.4 billion seven-year covenant-light term B expected at Libor plus 350 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; help fund acquisition of Fairchild Semiconductor International Inc.; Phoenix semiconductor company.

PINNACLE ENTERTAINMENT INC. OPCO: $935 million senior secured credit facility; JPMorgan, Bank of America, Goldman Sachs, Fifth Third, U.S. Bank, Credit Agricole, Deutsche Bank and Wells Fargo; $400 million five-year revolver expected at Libor plus 200 bps; $185 million five-year term A expected at Libor plus 200 bps; $350 million seven-year covenant-light term B; help fund spinoff of operating business and the real property of Belterra Park Gaming & Entertainment from Pinnacle.

TREEHOUSE FOODS INC.: $1 billion of new bank debt; Bank of America; help fund purchase of ConAgra Foods Inc.’s private brands operations; Oak Brook, Ill., consumer packaged food and beverage manufacturer.

VIRTUSA CORP.: $300 million five-year senior secured credit facility; JPMorgan and Bank of America; $100 million revolver expected at Libor plus 275 bps; $200 million multi-draw term loan expected at Libor plus 275 bps; help fund acquisition of Polaris Consulting & Services Ltd.; Westborough, Mass., information technology services company.

WESTERN DIGITAL CORP.: $10 billion credit facility; Bank of America, JPMorgan, Credit Suisse and RBC; $1 billion revolver; $3 billion of amortizing term loans; $6 billion of other term loans; help fund acquisition of SanDisk Corp. and refinance existing debt; Irvine, Calif., developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content.

WESTERN REFINING INC.: New debt financing; help fund acquisition of outstanding common units of Northern Tier Energy LP that it does not already own; El Paso, Texas, refining and marketing company.

WEX INC.: $2.125 billion senior secured credit facility; Bank of America, SunTrust and MUFG; $350 million five-year revolver; $1.775 billion seven-year term loan; help fund acquisition of Electronic Funds Source LLC and refinance existing bank debt; South Portland, Maine, provider of corporate payment solutions.

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