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Published on 3/7/2017 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $86.2947 billion deals being marketed

March Bank Meetings

AVAST SOFTWARE: Conference call March 8; $1.2 billion term B due September 2023 talked at Libor plus 325 bps, 1% Libor floor, OID 99.875 to par, 101 soft call for six months; Credit Suisse, Jefferies and Bank of America; also €400 million term B due September 2023 talked at Euribor plus 350 bps to 375 bps, 0% floor, OID 99.875 to par, 101 soft call for six months; reprice and extend existing term loans; Prague-based maker of security software.

GREATBATCH LTD. (INTEGER HOLDINGS CORP.): Conference call March 8; $1.015 billion term B due Oct. 27, 2022 talked at Libor plus 350 bps, 1% Libor floor, 101 soft call for six months; Credit Suisse; repricing; Plano, Texas, medical device company.

GREEKTOWN HOLDINGS LLC: Bank meeting March 8; $375 million seven-year covenant-light first-lien term B (B2), 0.75% Libor floor, 101 soft call for six months; Credit Suisse; refinance existing debt; gaming, hotel, dining and entertainment facility in Detroit.

HARRIS GOVERNMENT IT SERVICES: $350 million term loan; Macquarie; help fund buyout by Veritas Capital; Herndon, Va., provider of communications, engineering and IT solutions for Intelligence, defense, and federal civilian customers.

PPC INDUSTRIES: Bank meeting March 16; $517 million credit facility; Antares; $40 million five-year revolver; $360 million seven-year first-lien term loan; $117 million eight-year second-lien term loan; help fund acquisition of Pexco LLC; Alpharetta, Ga., provider of highly engineered consumable specialty plastics.

Upcoming Closings

ALLISON TRANSMISSION INC.: Expected closing March 24; $1.188 billion senior secured covenant-light term B due September 2022 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, 101 soft call for six months; Citigroup; repricing; Indianapolis-based automatic transmission company and supplier of hybrid-propulsion systems.

ALLNEX: $698 million term loan talked at Libor plus 325 bps to 350 bps, 0.75% Libor floor, 101 soft call for six months; Morgan Stanley and ING; also €730 million term loan talked at Euribor plus 325 bps to 350 bps, 0.75% floor, 101 soft call for six months; also €425 million equivalent U.S. dollar and euro add-on term loan talked at Libor/Euribor plus 325 bps to 350 bps, 0.75% floor, OID 99.75 for new money, 101 soft call for six months; repricing and fund a dividend; Brussels-based supplier of resins and additives for architectural, industrial, protective, automotive and special-purpose coatings and inks.

AMERICAN AXLE & MANUFACTURING HOLDINGS INC.: $2.45 billion senior secured credit facility (Ba2/BB/BB+); JPMorgan; $800 million five-year revolver; $100 million five-year term A; $1.55 billion seven-year term B talked at Libor plus 250 bps to 275 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Metaldyne Performance Group Inc.; Detroit-based manufacturer and designer of driveline and drivetrain systems and related components and modules, chassis systems, electric drive systems and metal-formed products.

APPLE LEISURE GROUP: $950 million credit facility; Credit Suisse and Deutsche Bank; $125 million revolver (B2/B); $600 million seven-year covenant-light first-lien term loan (B2/B) at Libor plus 475 bps, 1% Libor floor, OID 97.5, 101 soft call; $225 million eight-year covenant-light second-lien term loan (Caa2/CCC+) at Libor plus 900 bps, 1% Libor floor, OID 96.5, call protection 103, 102, 101; help fund buyout by KKR and KSL Capital Partners from Bain Capital Private Equity; Philadelphia-based hospitality company.

ARAMARK CORP.: $1.75 billion term B (Ba1/BBB-) due 2024 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; refinance existing debt; Philadelphia-based professional services company that provides food, hospitality and facility management services as well as uniform and work apparel.

ARCTIC GLACIER LLC: $475 million credit facility (B2/B-); Credit Suisse, Citigroup and Societe Generale; $60 million revolver; $415 million seven-year covenant-light first-lien term loan talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by The Carlyle Group; Winnipeg-based manufacturer and distributor of packaged ice.

ATOTECH BV: $1.65 billion credit facility (B+); Barclays, JPMorgan, Citigroup, Credit Suisse, HSBC, Nomura, RBC and Bank of China; $250 million five-year revolver; $1.4 billion seven-year covenant-light senior secured term B (split into $900 million B-1 and $500 million B-2 allocated to Bank of China) at Libor plus 300 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; help fund buyout by The Carlyle Group from Total; manufacturer of specialty plating chemicals and equipment.

AVANTOR PERFORMANCE MATERIALS: $2.035 billion credit facility; Jefferies; $75 million five-year revolver (B1/B); $1.485 billion seven-year covenant-light first-lien term loan (including $60 million delayed-draw) (B1/B) at Libor plus 400 bps, 25 bps step-down at 5.25 times total net leverage, 1% Libor floor, OID 99.75 on new money, 101 soft call for six months; $475 million eight-year covenant-light second-lien term loan (including $20 million delayed-draw) (Caa1/CCC+) at Libor plus 825 bps, 1% Libor floor, OID 99, call protection 102, 101; refinance existing debt, fund a dividend and fund an acquisition; Center Valley, Pa., provider of performance materials and solutions for the life sciences and advanced technology markets.

AVIS BUDGET GROUP INC.: $1.15 billion term B due March 2022 (BBB-) talked at Libor plus 200 bps to 225 bps, OID 99.875 on extended and incremental amounts, 101 soft call for six months; JPMorgan; refinance 2019 term loan, repricing 2022 term loan and general corporate purposes; Parsippany, N.J., provider of vehicle rental services.

AVOLON: $5.5 billion in term loans (Ba2/BBB-); Morgan Stanley, UBS, Barclays, JPMorgan, BNP Paribas, Credit Agricole and SunTrust; $500 million 3.5-year term B-1 at Libor plus 225 bps, OID 99.75, 101 soft call for six months; $5 billion five-year term B-2 at Libor plus 275 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of CIT Group Inc.’s commercial aerospace leasing business; Ireland-based provider of aircraft leasing and lease management services.

BASS PRO GROUP LLC: $3.87 billion in loans (B1/B+); Bank of America, Wells Fargo, Citigroup, RBC, UBS and Goldman Sachs; $400 million term A; $2.97 billion seven-year covenant-light term B at Libor plus 500 bps, 0.75% Libor floor, OID 99, 101 soft call; $500 million 1.5-year asset-sale facility at Libor plus 475 bps, 0.75% Libor floor, OID 99; help fund acquisition of Cabela’s Inc.; Springfield, Mo., outdoor retailer.

BIG JACK’S HOLDINGS LP (JACK’S FAMILY RESTAURANT): $305 million senior secured credit facility (B3/B); RBC and Bank of America; $30 million five-year revolver; $275 million seven-year term B talked at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt and fund a dividend; Alabama-based operator of premium quick-service restaurants.

BOYD GAMING CORP.: $1.265 billion term loan due September 2023 at Libor plus 250 bps, step-down to Libor plus 225 bps when net secured leverage is less than 2.5x, 0% Libor floor, 101 soft call for six months; Bank of America; reprice term B-2 and refinance term B-1; Las Vegas-based operator of gaming entertainment properties.

CAPITAL AUTOMOTIVE LP: $2.005 billion senior secured credit facility; Barclays; $200 million five-year revolver (B1/B); $1.115 billion seven-year first-lien term loan (B1/B) talked at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $690 million eight-year second-lien term loan (B3/CCC+) talked at Libor plus 600 bps, 1% Libor floor, OID 99, call protection 102, 101; refinance existing bank debt, and fund a cash dividend to Brookfield Asset Management and its institutional partners; McLean, Va., provider of sale-leaseback capital to the automotive retail industry.

CARAUSTAR INDUSTRIES INC.: $860 million five-year covenant-light first-lien term loan (B2/B+) at Libor plus 550 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Credit Suisse; refinance existing debt; Austell, Ga., manufacturer of recycled paperboard and converted paperboard products.

CAVIUM INC.: $612 million term B due 2022 talked at Libor plus 225 bps to 250 bps, 0.75% Libor floor, 101 soft call for six months; JPMorgan; repricing; San Jose, Calif., provider of highly integrated semiconductor products.

CBS RADIO: $500 million seven-year senior secured term B (Ba3/BB-) at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs, Morgan Stanley, Credit Suisse, Bank of America, Wells Fargo, JPMorgan, Citigroup and Deutsche Bank; refinance Entercom debt in connection with merger of CBS Radio and Entercom; Philadelphia-based radio broadcasting company.

COLE-PARMER INSTRUMENT CO.: $620 million credit facility; Jefferies, Antares and Golub; $40 million revolver (B2); $410 million covenant-light first-lien term loan (B2) talked at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; $180 million pre-placed second-lien term loan (Caa2); help fund buyout by Golden Gate Capital from GTCR; Vernon Hills, Ill., provider of laboratory and industrial fluid handling products, instrumentation, equipment and supplies.

COLOGIX HOLDINGS INC.: $570 million senior secured credit facility; Barclays, TD Securities and Jefferies; $75 million revolver (B2/B+); $300 million seven-year covenant-light first-lien term loan (B2/B+) talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $60 million 4.75-year delayed-draw first-lien term loan (B2/B+) talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $135 million eight-year covenant-light second-lien term loan (Caa2/B-) talked at Libor plus 750 bps to 775 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund acquisition by Stonepeak Infrastructure Partners; Denver-based data center and interconnection solutions provider.

CONTURA ENERGY INC.: $400 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 500 bps, 1% Libor floor, OID 99, 101 soft call; Jefferies, Citigroup, Credit Suisse and BMO; refinance existing debt; Bristol, Tenn., mining operations company.

CPI INTERNATIONAL INC.: $227.7 million in term loans; UBS; $127.7 million first-lien term loan (B2/B) due April 2021 talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; $100 million second-lien term loan (Caa2/CCC+) due April 2022 talked at Libor plus 775 bps, 1% Libor floor, OID 98.5, call protection 102, 101; refinance existing debt; Palo Alto, Calif., provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications.

CYXTERA TECHNOLOGIES INC. (COLORADO BUYER INC.): $1.275 billion credit facility; Citigroup (left on first-lien), JPMorgan (left on second-lien), Barclays, Credit Suisse, Jefferies, HSBC, Macquarie and Citizens; $150 million five-year revolver (Ba3/B+); $815 million seven-year covenant-light first-lien term loan (Ba3/B+) talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $310 million eight-year covenant-light second-lien term loan (B3/CCC+) talked at Libor plus 750 bps to 775 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund acquisition of 57 data centers from CenturyLink Inc. by BC Partners and Medina Capital; secure infrastructure company.

DUBOIS CHEMICALS: $555 million credit facility; Antares Capital, BMO, Deutsche Bank and Bank of Ireland; $50 million six-year revolver (B1/B-); $300 million seven-year first-lien term loan (B1/B-) at Libor plus 375 bps, step-down to Libor plus 350 bps based on leverage, 1% Libor floor, OID 99.5, 101 soft call for six months; $75 million seven-year delayed-draw first-lien term loan (B1/B-); $130 million eight-year second-lien term loan (Caa1/CCC) at Libor plus 800 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by funds managed by the Jordan Co. LP; Sharonville, Ohio, provider of customized chemical solutions and services for mission critical business applications.

DYNACAST INTERNATIONAL: $280 million add-on first-lien term loan talked at Libor plus 350 bps, 1% Libor floor, OID 99.75 to par; JPMorgan, Barclays and Macquarie; help fund the acquisition of Signicast LLC; Charlotte, N.C., manufacturer of precision engineered metal components.

ELDORADO RESORTS INC.: $1.75 billion credit facility (Ba3/BB); JPMorgan; $300 million five-year revolver; $1.45 billion seven-year covenant-light term B talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; help fund acquisition of Isle of Capri Casinos Inc.; Reno, Nev., casino entertainment company.

ELECTRO RENT CORP.: $635 million credit facility; Deutsche Bank, Barclays, BMO and Goldman Sachs; $85 million revolver (B3/B); $475 million seven-year covenant-light first-lien term loan (B3/B) at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call; $75 million privately-placed second-lien term loan (Caa2/B-); help fund acquisition of Microlease from Lloyds Development Capital; Van Nuys, Calif.-based provider of specialty testing and measurement equipment services.

ENERGIZER HOLDINGS INC.: $394 million term B due 2022 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, 101 soft call for six months; JPMorgan; repricing; St. Louis-based manufacturer and marketer of batteries and lighting products.

ENTEGRIS INC.: $234 million first-lien term loan due April 2021 talked at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs; repricing; Billerica, Mass., provider of solutions for advanced manufacturing in a variety of high technology industries.

EPIC HEALTH SERVICES/PSA HEALTHCARE: $900 million senior secured credit facility; Barclays (left on first-lien), RBC (left on second-lien), BMO and Goldman Sachs; $75 million five-year revolver (B2/B); $585 million seven-year first-lien term loan (B2/B) talked at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; $240 million eight-year second-lien term loan (Caa2/CCC+) talked at Libor plus 800 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund merger of Epic and PSA with buyout/investment by Bain Capital Private Equity and J.H. Whitney Capital Partners; provider of pediatric and adult home health care services.

FORESIGHT ENERGY LLC: $920 million senior secured credit facility (B2/B/B+); Goldman Sachs, Huntington, Deutsche Bank and Citigroup; $170 million revolver; $750 million five-year term loan talked at Libor plus 550 bps to 575 bps, 1% Libor floor, OID 99, 101 soft call; refinance existing debt; St. Louis-based producer and marketer of thermal coal.

GARTNER INC.: $1.375 billion in term loans (Ba1/BB+); JPMorgan and Goldman Sachs; $400 million incremental term A talked at Libor plus 250 bps, 0% Libor floor; $975 million term B talked at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of CEB Inc.; Stamford, Conn., information technology research and advisory company.

GAVILAN RESOURCES LLC: $450 million second-lien term loan (Caa1/BB-) at Libor plus 600 bps, 1% Libor floor, OID 99, non-call one, 102, 101; JPMorgan, Citigroup, Natixis, Macquarie and RBC; help fund acquisition by Sanchez Energy Corp. and Blackstone Energy Partners of Anadarko Petroleum Corp.’s working interest in acres in the Western Eagle Ford; oil and natural gas company.

GEO GROUP INC.: $700 million seven-year term B (BB+) talked at Libor plus 250 bps to 275 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; BNP Paribas; repay existing term B and fund acquisition of Community Education Centers; Boca Raton, Fla., real estate investment trust specializing in the design, financing, development, and operation of correctional, detention and community reentry facilities.

HCA INC.: $1.489 billion senior secured term B-9 (BBB-) talked at Libor plus 200 bps to 225 bps, 101 soft call for six months; Bank of America; refinance term B-6; Nashville, Tenn., health care services provider.

HELIX GEN FUNDING LLC: $1.85 billion credit facility (Ba2/BB); Credit Suisse, Goldman Sachs, JPMorgan, RBC, Barclays, Macquarie, BNP Paribas and ICBC; $175 million revolver; $1.675 billion seven-year first-lien term B at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of generation resources in the Northeastern United States from TransCanada Corp.; operator of power generation facilities.

HILTON WORLDWIDE FINANCE LLC: $3.959 billion covenant-light term B-2 (Ba1) due October 2023 talked at Libor plus 200 bps to 225 bps, 0% Libor floor; Deutsche Bank and Goldman Sachs; reprice existing term B-2 and extend/refinance term B-1; McLean, Va., hospitality company.

HUB INTERNATIONAL LTD.: $375 million incremental first-lien term B due Oct. 2, 2020 talked at Libor plus 325 bps, step-down to Libor plus 300 bps when consolidated first-lien net leverage is 4 times, 1% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; Morgan Stanley, RBC, Macquarie, Bank of America and BMO; repay revolver borrowings second-lien notes due 2021; Chicago-based insurance brokerage.

INEOS STYROLUTIONS GROUP GMBH: $419 million term B (Ba3/BB) due 2024 talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99.875 to par; Credit Suisse (left on U.S) and JPMorgan (left on euro); also €623 million term B (Ba3/BB) due 2024 talked at Euribor plus 250 bps to 275 bps, 0.75% floor, OID 99.875 to par; refinance and extend existing term loans; Frankfurt, Germany, styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties.

INTERNET BRANDS INC.: $300 million covenant-light incremental first-lien term loan (including $100 million delayed-draw) (B1) due July 2021 talked at Libor plus 375 bps, step-up to Libor plus 400 bps based on leverage, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; Credit Suisse, KKR, RBC, Mizuho and Sumitomo; add cash to the balance sheet for future acquisitions; El Segundo, Calif., provider of vertically focused online media and software services.

JELD-WEN INC.: Closing expected March 7; $1.237 billion covenant-light term loan due July 1, 2022 at Libor plus 300 bps, step-down to Libor plus 275 bps when total net leverage is less than 2.25x, 1% Libor floor, 101 soft call for six months; Barclays and Bank of America; repricing; Klamath Falls, Ore., door and window manufacturer.

KENAN ADVANTAGE GROUP INC.: $125 million add-on term loan due July 2022 (B+) talked at Libor plus 300 bps, 1% Libor floor, OID 99.5; KeyBanc; general corporate purposes; North Canton, Ohio, provider of liquid bulk transportation services to the fuels, chemicals, liquid foods and merchant gas markets.

KEYPOINT GOVERNMENT SOLUTIONS INC.: $265 million credit facility (B); Barclays; $15 million revolver; $250 million seven-year senior secured term B talked at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing term loan and fund a dividend; Loveland, Colo., provider of background investigative services for the federal government.

LAKEVIEW LOAN SERVICING LLC: $500 million five-year secured term loan talked at Libor plus 400 bps, 0.5% Libor floor; M&T and Fifth Third; fund the purchase of mortgage servicing rights and general corporate purposes; Coral Gables, Fla., mortgage finance company.

LPL HOLDINGS INC.: $2.2 billion credit facility (Ba2/BB-); JPMorgan; $1.7 billion term B due 2024 talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $500 million revolver; help refinance existing bank debt; Boston-based investment company.

LUMILEDS: $1.15 billion seven-year covenant-light first-lien term loan (Ba3/B+) talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 99, 101 soft call for six months; Deutsche Bank, Credit Suisse, BNP Paribas, ING and Rabobank; help fund buyout by Apollo Global Management LLC from Royal Philips; supplier of LED components and automotive lighting.

MACOM TECHNOLOGY SOLUTIONS IN.: $590 million first-lien term loan due May 2021 talked at Libor plus 300 bps, 0.75% Libor floor, 101 soft call for six months; Goldman Sachs, Bank of America, Morgan Stanley and Citizens; repricing; Lowell, Mass., supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products.

NAVEX GLOBAL: $232 million first-lien term loan talked at Libor plus 425 bps, 1% Libor floor, 101 soft call for six months; Antares; repricing; Lake Oswego, Ore., provider of ethics and compliance software, content and services.

NAVICO: $285 million credit facility; Goldman Sachs; $25 million super senior revolver (Ba2); $260 million seven-year senior secured term B (B2/B) talked at Libor plus 500 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund cash to the balance sheet; manufacturer of marine electronics.

NAVIOS MARITIME PARTNERS LP: Expected closing March 14; $405 million 3.5-year senior secured first-lien term B (B3/B) at Libor plus 500 bps, 1% Libor floor, OID 97, hard call protection 102 for six months, 101 for nine months; Morgan Stanley, JPMorgan, Bank of America, S. Goldman Advisors, DVB, Credit Agricole, ABN Amro and Clarkson; refinance existing debt; Monaco-based seaborne shipping and logistics company.

NEUSTAR INC.: $1.65 billion in term loans; Bank of America (left on first-lien), UBS (left on second-lien), Jefferies, Credit Suisse, Mizuho, Societe Generale and Angel Island Capital; $350 million 2.5-year first-lien term B-1 (Ba3/BB) at Libor plus 325 bps, 0% Libor floor, 101 soft call for six months; $975 million seven-year first-lien term B-2 (Ba3/BB) at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $325 million eight-year second-lien term loan (B3/B-) at Libor plus 800 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Golden Gate Capital; Sterling, Va., provider of real-time information services.

OUTFRONT MEDIA INC.: $1.1 billion senior secured credit facility (Ba1/BB+); Morgan Stanley, Deutsche Bank, Credit Suisse, Goldman Sachs, Bank of America, Wells Fargo and MUFG; $430 million five-year revolver talked at Libor plus 200 bps; $670 million seven-year covenant-light first-lien term B talked at Libor plus 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; amend and extend existing revolver and term B, and upsize term B; New York-based out-of-home media company.

PEABODY ENERGY CORP.: $950 million five-year covenant-light first-lien senior secured term loan (Ba3) at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 hard call; Goldman Sachs, JPMorgan, Credit Suisse and Macquarie; help refinance existing debt in connection with exit from bankruptcy; St. Louis-based coal producer.

PIKE CORP.: Expected closing March 10; $720 million senior secured credit facility; Morgan Stanley, KeyBanc and SunTrust; $100 million five-year revolver (B1/B) talked at Libor plus 375 bps; $520 million seven-year covenant-light first-lien term B (B1/B) at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $100 million 7.5-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 800 bps, 1% Libor floor, OID 99, call protection 102, 101; fund buyout by chief executive officer Eric Pike, Global Partnership Investing, ClearSky and NextEra from Court Square Capital Partners and refinance existing bank debt; Mount Airy, N.C., specialty construction and engineering firm.

QUINTILES IMS INC.: $1.265 billion and $1.2 billion euro-equivalent in term loans (Ba1/BBB-) due March 2024 at Libor/Euribor plus 200 bps, 0.75% floor, 101 soft call for six months; JPMorgan; help refinance existing term B and general corporate purposes; information and technology-enabled healthcare service provider.

RESOLUTE INVESTMENT MANAGERS: $75 million add-on first-lien term loan (Ba2) talked at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; RBC and Barclays; help fund the acquisition of a controlling interest of Shapiro Capital Management LLC; Irving, Texas, provider of investment advisory services to institutional and retail markets.

RESTAURANT BRANDS INTERNATIONAL INC.: $1.3 billion incremental senior secured covenant-light term loan due Feb. 17, 2024 at Libor plus 225 bps, 1% Libor floor, OID 99.75; JPMorgan and Wells Fargo; help fund acquisition of Popeyes Louisiana Kitchen Inc.; Oakville, Ont., quick service restaurant company.

RPI FINANCE TRUST (Royalty Pharma): $4.483 billion in term loans; Bank of America, Goldman Sachs and JPMorgan; $1.1 billion six-year term B-6 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $3.383 billion delayed-draw term B-6 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, 101 soft call for six months; help fund the acquisition of Perrigo Co. plc’s rights to the royalty stream from the global net sales of the multiple sclerosis drug Tysabri, and refinance a term B-5; New York-based acquirer of royalty interests in marketed and late-stage biopharmaceutical products.

SAFE-GUARD PRODUCTS INTERNATIONAL: $270 million in term loans; UBS, Goldman Sachs and Credit Suisse; $200 million seven-year first-lien term loan (B) talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 99, 101 soft call for six months; $70 million pre-placed eight-year second-lien term loan (CCC+); refinance existing debt and fund a dividend; Atlanta-based specialty insurance company.

SEAWORLD ENTERTAINMENT INC.: $1 billion term B-5 (B1/BB-) at Libor plus 300 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, JPMorgan, Fifth Third, Goldman Sachs and KeyBanc; refinance existing debt; Orlando, Fla., theme park operator.

SESAC HOLDINGS: $565 million credit facility; Jefferies and Guggenheim; $40 million revolver (B2/B+); $385 million first-lien term loan (B2/B+) at Libor plus 325 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; $140 million second-lien term loan (Caa2/CCC+) at Libor plus 725 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Blackstone from Rizvi Traverse Management; Nashville, Tenn., music rights organization.

SILGAN HOLDINGS INC.: $800 million term A; help fund acquisition of WestRock Co.’s specialty closures and dispensing systems business; Stamford, Conn., supplier of rigid packaging for consumer goods products.

SRAM LLC: $570 million term B (B2/B) due 2024 talked at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; refinance and extend existing term B; Chicago-based bicycle components company.

SUMMIT MIDSTREAM PARTNERS HOLDINGS LLC: $300 million first-lien term loan B (B3/B-) due May 2022 talked at Libor plus 600 bps to 625 bps, 1% Libor floor, OID 99, call protection 102, 101; Credit Suisse, Deutsche Bank and Barclays; refinance preferred debt and fund a shareholder distribution; The Woodlands, Texas-based owner and operator of midstream energy infrastructure assets.

TRADER CORP.: Expected closing March 28; $395 million first-lien term loan due September 2023 at Libor plus 325 bps, 1% Libor floor, 101 soft call for six months; Goldman Sachs, JPMorgan and Macquarie; repricing; Etobicoke, Ont., digital automotive marketplace.

UNIVISION COMMUNICATIONS INC.: $4.475 billion covenant-light term C-5 (B2/BB-/BB-) due March 2024 talked at Libor plus 275 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Deutsche Bank, Bank of America, Barclays, Wells Fargo, Citigroup, Goldman Sachs, Morgan Stanley, JPMorgan and Natixis; refinance/extend existing term loans; New York-based media company serving the Hispanic market.

VALEANT PHARMACEUTICALS INTERNATIONAL INC.: $3.06 billion incremental series F-3 term B (Ba3) due April 1, 2022 talked at Libor plus 475 bps, 0.75% Libor floor, OID 99.75 on new money; Barclays and Goldman Sachs; extend/refinance some series D-2, C-2 and E-1 term B loans; Laval, Quebec, specialty pharmaceutical company.

VENTIA FINCO PTY LTD.: A$827 million equivalent covenant-light term B (including A$120 million add-on) due May 21, 2022; Barclays, ANZ, Goldman Sachs, Credit Suisse and JPMorgan; U.S. piece talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.5 on new money; Australian piece talked at BBSY plus 450 bps to 475 bps, OID 99.5 on new money; repricing, pay a distribution to shareholders and put cash on the balance sheet for future acquisitions; Australian-based infrastructure services company.

V.GROUP: $745 million credit facility; Goldman Sachs, HSBC, Citigroup, RBS and RBC; $57.5 million revolver (B1/B); $515 million seven-year senior secured term B (B1/B) at Libor plus 300 bps, step-down to Libor plus 275 bps at either when net first-lien leverage is below 4.25x or post IPO, 1% Libor floor, 101 soft call for six months; $172.5 million privately-placed second-lien term loan; help fund buyout by Advent International from Omers Private Equity; London-based marine and offshore vessel management and support services provider.

VIRTUS INVESTMENT PARTNERS INC.: $360 million senior secured credit facility (Ba1/BB+); Morgan Stanley, Barclays, JPMorgan and Bank of America; $100 million five-year revolver at Libor plus 375 bps; $260 million seven-year first-lien term B at Libor plus 375 bps, step-down to Libor plus 350 bps at less than 1x secured net leverage, 0.75% Libor floor, OID 99.5, 101 soft call for six months; help fund the acquisition of RidgeWorth Investments from Lightyear Capital LLC; Hartford, Conn., provider of investment management products and services.

VISTEON CORP.: Expected closing March 20 week; $350 million seven-year senior secured covenant-light term B talked at Libor plus 225 bps, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; Citigroup, Bank of America, Barclays, UBS, SMBC and US Bank; amend and extend existing term B; Van Buren Township, Mich., designer and manufacturer of cockpit electronics products and connected car solutions for vehicle manufacturers.

WESTERN DIGITAL CORP.: $2.985 billion term B-2 due April 2023 talked at Libor plus 275 bps, 0.75% Libor floor, 101 soft call for six months; JPMorgan (left on U.S.) and Bank of America (left on euro); also €880.58 million term loan due April 2023 talked at Euribor plus 200 bps to 225 bps, 0.75% floor, 101 soft call for six months; repricing; Irvine, Calif., developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content.

XPO LOGISTICS INC.: Expected closing March 10; $1.49 billion senior secured term B due Oct. 30, 2021 at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; Morgan Stanley; refinance/reprice existing term B; Greenwich, Conn., provider of supply chain solutions.

On The Horizon

ALIPAY (ANT FINANCIAL): $1.85 billion senior secured term loan; Citigroup; help fund acquisition of MoneyGram; China-based mobile payment platform.

AMC ENTERTAINMENT HOLDINGS INC.: Up to $675 million incremental term B due Dec. 15, 2023 expected at Libor plus 275 bps, 101 soft call for six months; Citigroup; help fund acquisition of Nordic Cinema Group Holding AB; Leawood, Kan., movie exhibition company.

BROADCOM LTD.: New debt financing; help fund acquisition of Brocade Communications Systems Inc.; San Jose, Calif., and Singapore-based designer, developer and supplier of semiconductor devices.

BWAY CORP. (STONE CANYON INDUSTRIES LLC): New debt financing; Bank of America, Goldman Sachs, BMO and Citigroup; help fund acquisition of Mauser Group N.V. from Clayton, Dubilier & Rice; Atlanta-based manufacturer of rigid metal and plastic containers.

CABLE ONE INC.: $650 million in incremental term loans; JPMorgan; $300 million incremental five-year term A; $350 million incremental seven-year term B; help fund acquisition of NewWave Communications; Phoenix-based cable company.

CAESARS ENTERTAINMENT CORP.: $1.435 billion senior secured credit facility; Credit Suisse and Deutsche Bank; $200 million five-year revolver; $1.235 billion seven-year term loan; help fund transactions under plan of reorganization, including debt repayment; Las Vegas-based casino-entertainment company.

CENTURYLINK: $8 billion senior secured credit facility; Bank of America, Morgan Stanley, MUFG, Barclays, JPMorgan, Wells Fargo, RBC, Goldman Sachs, SunTrust, Mizuho, Regions Bank, Fifth Third, Credit Suisse and U.S. Bank; $2 billion revolver estimated at Libor plus 275 bps; $1.5 billion term A estimated at Libor plus 275 bps; $4.5 billion term B estimated at Libor plus 400 bps, 0.75% Libor floor; help fund acquisition of Level 3 Communications Inc.; Monroe, La., communications, hosting, cloud and IT services company.

EXELA TECHNOLOGIES: New debt financing; RBC and Credit Suisse; help fund creation through merger of Quinpario Acquisition Corp. 2, SourceHOV LLC and Novitex Holdings Inc.; solutions provider for financial technology and business services.

HARGRAY COMMUNICATIONS GROUP INC.: New debt financing; Credit Suisse, SunTrust and Antares; help fund buyout by Tom Pritzker Family Business Interests, Redwood Capital Investments, Stephens Capital Partners and management; Hilton Head Island, S.C., broadband communications and entertainment provider.

INTEGRA LIFESCIENCES HOLDINGS CORP.: New senior secured term loan; Bank of America and JPMorgan; help fund acquisition of Johnson & Johnson’s Codman Neurosurgery business; Plainsboro, N.J., medical technology company.

MACDONALD, DETTWILER AND ASSOCIATES LTD. (MDA): New debt financing; RBC and Bank of America; help fund acquisition of DigitalGlobe Inc.; communications and information company.

TEMPO ACQUISITION LLC: New debt financing; Bank of America, Barclays, Credit Suisse, Citigroup, Macquarie, Deutsche Bank and Morgan Stanley; help fund buyout of Aon plc’s technology-enabled benefits and human resources platform by Blackstone; services provider for cloud-based HR management systems.


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