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 10/26/2017 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $44.2351 billion deals being marketed

October Bank Meetings

RADIOLOGY PARTNERS: Bank meeting Oct. 30; $695 million credit facilities; Golub Capital; $40 million revolver; $505 million term loan; $150 million delayed-draw term loan; fund an acquisition and refinance existing debt; El Segundo, Calif., radiology physician practice management company.

November Bank Meetings

AVAYA INC.: Bank meeting Nov. 1; $2.425 billion first-lien term loan; Goldman Sachs, Citigroup, Barclays, Credit Suisse and Deutsche Bank; exit financing; Santa Clara, Calif., business communications company.

BARBRI: Bank meeting Nov. 7; new senior secured credit facilities; Antares; refinance existing credit facilities; Dallas-based provider of practical legal education.

Upcoming Closings

ACCURIDE CORP.: $363 million term B (including $90 million add-on) (B) talked at Libor plus 550 bps, 1% Libor floor, OID 99.5 to 99.75 on add-on, 101 soft call for six months; RBC; fund an acquisition and repricing; Evansville, Ind., supplier of components to the commercial vehicle industries.

ACRISURE LLC: $2.171 billion term loan (including $325 million add-on) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99.75 on add-on, 101 soft call for six months; JPMorgan; fund an acquisition and repricing; Caledonia, Mich., insurance brokerage.

AIR MEDICAL GROUP HOLDINGS INC.: $1.455 billion seven-year incremental senior secured covenant-light term B (B1/B) at Libor plus 425 bps, 1% Libor floor, OID 99.25, 101 soft call for six months; Morgan Stanley, Jefferies, Bank of America, Citigroup, Goldman Sachs, Credit Suisse and Nomura; help fund acquisition of American Medical from Envision Healthcare Corp.; Dallas-based medical transportation company.

AMERICAN AIRLINES INC.: $990 million senior secured term loan due April 28, 2023 talked at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Barclays, Citigroup, Morgan Stanley, JPMorgan, Goldman Sachs, Credit Suisse, Deutsche Bank, Credit Agricole, U.S. Bank, BNP Paribas, ICBC, Sumitomo, Standard Chartered Bank and Texas Capital Bank; repricing; Fort Worth, Texas, airline company.

ARGON MEDICAL DEVICES HOLDINGS INC.: $435 million credit facilities; UBS; $15 million revolver (B2/B+); $310 million seven-year first-lien term loan (B2/B+) talked at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $110 million eight-year second-lien term loan (Caa2/B-) talked at Libor plus 825 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund acquisition by Shandong Weigao; Plano, Texas-based medtech company.

AVANTOR: $2.203 billion in U.S. senior secured credit facilities (B2/B/BB); Goldman Sachs, Barclays, JPMorgan and Jefferies; $250 million revolver; $1.953 billion seven-year first-lien term loan at Libor plus 400 bps, 1% Libor floor, OID 98.5, 101 soft call; also €1 billion seven-year first-lien term loan (B2/B/BB) at Euribor plus 425 bps, 0% floor, OID 98.5, 101 soft call; help fund acquisition of VWR International LLC and fund a distribution to equity holders; Center Valley, Pa., supplier of ultra-high-purity materials for the life sciences and advanced technology industries.

BCP RENAISSANCE PARENT LLC (BLACKSTONE): Expected closing Oct. 30 week; $1.25 billion seven-year senior secured term B (B1/B+/BB-) at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Morgan Stanley; help fund acquisition of a stake in the Rover Pipeline from Energy Transfer Partners LP and construction.

BEACON ROOFING SUPPLY INC.: Expected closing Jan. 2; $2.27 billion senior secured credit facilities; Citigroup (left on term B), Wells Fargo (left on revolver), Bank of America, JPMorgan and SunTrust; $970 million seven-year covenant-light term B (B1/BB+) at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $1.3 billion asset-based revolver; help fund acquisition of Allied Building Products Corp. and refinance existing term B; Herndon, Va., distributor of residential and commercial roofing materials and complementary building products;.

BIG ASS SOLUTIONS (BIG ASS FANS LLC): $290 million credit facilities (B2/B); Credit Suisse and SunTrust; $40 million revolver; $250 million 6.5-year covenant-light first-lien term loan talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Lindsay Goldberg; Lexington, Ky., producer of high volume, low speed and connected fans.

CAESARS ENTERTAINMENT OPCO (CEOC LLC): $265 million incremental covenant-light first-lien term loan (Ba3/BB) due Oct. 6, 2024 at Libor plus 250 bps, 0% Libor floor, 101 soft call until April 6, 2018; Credit Suisse, Deutsche Bank, Barclays, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley; refinance debt at Harrah’s Philadelphia; Las Vegas-based full service gaming and entertainment company.

CAPITAL AUTOMOTIVE LP: $1.1 billion term B (B1/B) due March 24, 2024 talked at Libor plus 250 bps, 1% Libor floor, 101 soft call for six months; Barclays; repricing; McLean, Va., provider of sale-leaseback capital to the automotive retail industry.

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.

CHASSIX: $320 million seven-year term B (B3/B) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance existing debt and fund a dividend; Southfield, Mich., automotive supplier of precision casting and machining solutions.

CONSOL MINING CORP.: Expected closing mid-to-late November; $800 million new credit facilities (Ba3/B+); Citigroup, JPMorgan, PNC and Bank of America; $300 million four-year revolver; $100 million four-year term A; $400 million five-year covenant-light term B talked at Libor plus 525 bps, 1% Libor floor, OID 99, 101 soft call; help fund separation from Consol Energy Inc.; Canonsburg, Pa., coal company.

CYPRESS PERFORMANCE GROUP: $695 million credit facilities; Credit Suisse, Bank of America, JPMorgan, Jefferies, Deutsche Bank and M&T Bank; $85 million revolver (B1/B); $475 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 325 bps, step-down to Libor plus 300 bps at corporate family ratings of B1/B+, 1% Libor floor, OID 99.75, 101 soft call for six months; $135 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 750 bps, 1% Libor floor, OID 99.5, call protection 102, 101; fund combination of Encapsys LLC and IPS Corp.; advanced materials and diversified products provider.

DAVIS VISION-SUPERIOR VISION: $985 million senior secured credit facilities; Goldman Sachs, Barclays, Morgan Stanley, Macquarie and BMO; $75 million revolver (B1/B); $660 million seven-year first-lien term loan (B1/B) talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $250 million eight-year second-lien term loan (Caa1/CCC+) talked at Libor plus 725 bps to 750 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Centerbridge Partners LP from Highmark Inc. and combination with Superior Vision; managed vision care company.

EATING RECOVERY CENTER: $325 million senior credit facilities; Antares and Golub; $30 million five-year revolver (B2/B-); $190 million seven-year covenant-light first-lien term loan (B2/B-) at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $30 million seven-year delayed-draw term loan (B2/B-); $75 million privately placed second-lien term loan; help fund buyout by CCMP Capital Advisors LP from Lee Equity Partners; Denver-based provider of comprehensive treatment for eating disorders.

EDELMAN FINANCIAL CENTER LLC: $490 million senior secured credit facilities (B2/B); Morgan Stanley, UBS, BMO and Deutsche Bank; $30 million five-year revolver; $460 million seven-year covenant-light term B talked at Libor plus 450 bps to 475 bps, 25 bps step-down for IPO, 1% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt and fund a distribution to equity holders; independent financial planning firm.

ELO TOUCH SOLUTIONS: $150 million six-year term B (B2/B+) talked at Libor plus 550 bps to 575 bps, 1% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance existing debt and fund a dividend; Milpitas, Calif., supplier of touch screens, touch monitors and all-in-one touch computers.

FAIRMOUNT SANTROL INC.: $700 million five-year covenant-light first-lien term loan (B3/B-) at Libor plus 600 bps, 1% Libor floor, OID 98.5, 102, 101 soft call; Barclays; refinance existing term loans; Chesterfield, Ohio, provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells.

FLY LEASING: $437 million term B talked at Libor plus 200 bps, 101 soft call for six months; RBC; repricing; Dublin-based aircraft lessor.

HARLAND CLARKE HOLDINGS CORP.: $1.68 billion six-year covenant-light first-lien term loan (B1/BB-) talked at Libor plus 500 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, Bank of America, Citigroup, Macquarie, Deutsche Bank, Jefferies, JPMorgan and Wells Fargo; refinance a portion of the term loan B-5 and term loan B-6; San Antonio-based provider of media delivery, payment solutions and marketing services.

ICP GROUP: $290 million credit facilities; Antares and BMO; $40 million revolver talked at Libor plus 400 bps, 1% Libor floor; $205 million term loan talked at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $45 million delayed-draw term loan talked at Libor plus 400 bps, 1% Libor floor, OID 99.5; refinance debt; Andover, Mass., producer of specialty coatings, adhesives and sealants. It is owned by Audax Private Equity.

INDUSTRIAL CONTAINER SERVICES LLC: Expected closing Oct. 30; $425 million first-lien senior secured term B (including $45 million delayed-draw tranche) due April 2024 at Libor plus 350 bps, 1% Libor floor, 101 soft call for six months; Goldman Sachs, Deutsche Bank, Credit Suisse and Jefferies; repricing; Maitland, Fla., provider of steel industrial container reconditioning services.

INEOS: Expected closing Nov. 3; $1.66 billion term B (Ba1/BB+/BBB-) due March 31, 2024 at Libor plus 200 bps, 0% Libor floor, 101soft call for six months; Barclays, Citigroup, JPMorgan, BMO, Credit Suisse, Deutsche Bank, ING and Lloyds; also €2.06 billion term B (Ba1/BB+/BBB-) due March 31, 2024 at Euribor plus 200 bps, 0.5% floor; help refinance existing secured term loans; Frankfurt, Germany, manufacturer of petrochemicals, specialty chemicals and oil products.

INTRALINKS HOLDINGS INC.: $650 million senior secured credit facilities; RBC, Golub Capital and Macquarie; $50 million five-year revolver (B2/B); $450 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $150 million eight-year covenant-light second-lien term loan (Caa2/B-) talked at Libor plus 800 bps to 825 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Siris Capital Group LLC; provider of cloud-based virtual data room and highly secure team collaboration solutions to financial institutions and enterprises.

LINDEN COGENERATION POWER COMPLEX (EFS COGEN HOLDINGS I LLC): Expected closing Oct. 27; $946.1 million senior secured first-lien term B (Ba3/BB) due June 28, 2023 at Libor plus 325 bps, 1% Libor floor, 101 soft call for six months; Morgan Stanley; repricing; owner of a natural gas-fired combined-cycle cogeneration project located in Linden, N.J.

LUMOS NETWORKS CORP.: $550 million senior secured credit facilities (B2/B); Morgan Stanley and Goldman Sachs; $65 million five-year revolver talked at Libor plus 325 bps, 0% Libor floor; $485 million seven-year covenant-light first-lien term B talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by EQT Infrastructure; Waynesboro, Va., fiber-based service provider in the Mid-Atlantic region.

LYONS MAGNUS INC.: $190 million seven-year covenant-light first-lien term B (B1/B-) talked at Libor plus 450 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; RBC and Bank of Ireland; help fund buyout by Paine Schwartz Partners; food and beverage manufacturing company.

MDVIP INC.: $335 million credit facilities; Jefferies, Antares and Societe Generale; $25 million revolver (B); $215 million seven-year first-lien term loan (B) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $95 million pre-placed eight-year second-lien term loan; help fund buyout by Leonard Green & Partners; provider of membership-based private healthcare services.

MEDALLION MIDLAND ACQUISITION LLC: $725 million credit facilities; Jefferies; $25 million super-priority revolver; $700 million seven-year first-lien term loan (B2//BB+) talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund acquisition by Global Infrastructure Partners from The Energy & Minerals Group and Laredo Petroleum Inc.; Irving, Texas, crude oil gathering and intra-basin transportation system in the Midland Basin, within the eastern half of the prolific Permian Basin.

MEDIACOM LLC: $600 million secured term M (Ba2/BBB-) due 2025 talked at Libor plus 200 bps to 225 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; refinance existing debt; Mediacom Park, N.Y., cable operator.

MHS (MATERIAL HANDLING SYSTEMS): $25 million add-on term B talked at Libor plus 500 bps, 1% Libor floor; RBC; fund acquisitions; Louisville, Ky., provider of e-commerce infrastructure.

NAUTILUS POWER LLC: $573.6 million senior secured first-lien term B (B1/B+) due May 16, 2024 talked at Libor plus 400 bps to 425 bps, 1% Libor floor, 101 soft call for six months; Morgan Stanley; repricing; Massachusetts-based wholesale power generation and marketing company.

NAVICURE INC./ZIRMED INC.: Expected closing Nov. 1; $670 million credit facilities; Antares; $50 million five-year revolver (B2/B); $435 million seven-year covenant-light first-lien term loan (B2/B) at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $185 million eight-year second-lien term loan (Caa2/CCC) at Libor plus 750 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund combination of Navicure and Zirmed; Atlanta-based Navicure and Louisville, Ky.-based are providers of integrated cloud-based medical claims management and patient payment solutions.

NAVISTAR INTERATIONAL CORP.: $1.6 billion senior secured term loan (B+) due November 2024 talked at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan, Goldman Sachs and Citigroup; refinance existing term loan and provide additional liquidity; Lisle, Ill., manufacturer and seller of commercial and military trucks, buses and diesel engines and a provider of service parts for trucks and trailers.

NELLSON NEUTRACEUTICAL LLC: $374 million term loan (including $82 million add-on) talked at Libor plus 425 bps, 1% Libor floor, OID 99.5 on add-on, 101 soft call for six months; Antares; fund an acquisition and repricing; Anaheim, Calif., manufacturer of protein bars and functional powders.

OFFICE DEPOT INC.: $750 million six-year senior secured term B (B1/B+) talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; Goldman Sachs, JPMorgan, Bank of America and Wells Fargo; fund the acquisition of CompuCom; Boca Raton, Fla., provider of office supplies and business products and services.

ORION ENGINEERED CARBONS: Expected closing Nov. 6 week; $289 million first-lien senior secured term B due July 25, 2024 at Libor plus 250 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs, Citizens Bank, ING and Mediobanca; also €331 million first-lien senior secured term B due July 25, 2024 at Euribor plus 250 bps, 0% floor, OID 99.875, 101 soft call for six months; refinance existing term loans; Frankfurt-based producer of carbon black.

RAVAGO HOLDINGS AMERICA INC.: $321 million covenant-light term B due July 13, 2023 at Libor plus 275 bps, 101 soft call for six months; Wells Fargo; repricing; provider of distribution, resale, compounding and recycling services for plastic and elastomeric raw materials markets.

RED VENTURES: $2.4 billion in term loans; Bank of America, Barclays, Citigroup, Credit Suisse, Fifth Third, MUFG and PNC; $2 billion seven-year covenant-light first-lien term loan (B1/B+) at Libor plus 400 bps, 0% Libor floor, OID 99, 101 soft call; $400 million eight-year covenant-light second-lien term loan (Caa1/B-) at Libor plus 800 bps, 0% Libor floor, OID 98.5, call protection 102, 101; help fund acquisition of Bankrate; Charlotte, N.C. digital consumer choice platform.

RESOLUTE INVESTMENT MANAGERS: $105 million second-lien term loan talked at Libor plus 750 bps, 1% Libor floor, hard call 102, 101; RBC and Barclays; repricing; Irving, Texas, provider of investment advisory services to institutional and retail markets.

SAGE AUTOMOTIVE HOLDINGS INC.: $85 million incremental first-lien term loan due November 2022 talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; UBS; fund a dividend; Greenville, S.C., supplier of specialty designed, high-performance textiles and premium fabrics to the automotive industry.

SENSATA TECHNOLOGIES BV: $927.8 million senior secured covenant-light term B (Baa3/BBB-) due Oct. 14, 2021 talked at Libor plus 175 bps to 200 bps, 0% Libor floor, 101 soft call for six months; Morgan Stanley; repricing; producer of sensors and controls for manufacturers in the automotive, appliance, aircraft, industrial and HVAC markets.

SPRINGER NATURE: $1.292 billion term loan talked at Libor plus 350 bps, 1% Libor floor, OID 99.875, 101 soft call for six months; JPMorgan; also €1.895 billion term loan talked at Euribor plus 325 bps, 0.5% floor, OID 99.875, 101 soft call for six months; refinance existing debt; Germany-based scientific publishing company.

STRATEGIC MATERIALS INC.: $355 million senior secured credit facilities; Goldman Sachs, BMO and Societe Generale; $40 million revolver (B2/B); $235 million seven-year first-lien term loan (B2/B) at Libor plus 375 bps, 25 bps step-down at 4x net first-lien leverage, 1% Libor floor, OID 99.75, 101 soft call for six months; $80 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 775 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Littlejohn & Co. LLC; Houston-based environmental services company.

TECOMET: $538.7 million first-lien term loan talked at Libor plus 350 bps, step-down to Libor plus 325 bps at 4x net first-lien leverage, 1% Libor floor, 101 soft call for six months; Jefferies; repricing; Wilmington, Mass., provider of high precision manufacturing solutions serving global medical device and aerospace and defense original equipment manufacturers.

TERRAFORM POWER OPERATING LLC: $300 million five-year covenant-light term B (Ba1/BB+) talked at Libor plus 325 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; RBC, Scotia, BMO, HSBC, Natixis and SMBC; help repay a non-recourse portfolio term loan; Bethesda, Md., owner and operator of a renewable power portfolio.

THERMON HOLDING CORP.: $310 million credit facilities (B2/B+); JPMorgan; $60 million five-year revolver talked at Libor plus 325 bps; $250 million seven-year covenant-light term B talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of CCI Thermal Technologies Inc., refinance existing debt and general corporate purposes; San Marcos, Texas, provider of solutions for industrial heating applications.

TRUCK HERO INC.: $235 million in term loans; Jefferies; $190 million add-on first-lien term loan (B) talked at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $45 million pre-placed add-on second-lien term loan (CCC+) at Libor plus 825 bps, 1% Libor floor, OID 99; fund acquisition of Omix-ADA Inc.; Ann Arbor, Mich., provider of truck bed covers and other truck and Jeep accessories.

UNIFRAX: $615.9 million in U.S. term loans; Goldman Sachs, KeyBanc and ING; $515.9 million first-lien term loan (including $57 million add-on) (B2/B) talked at Libor plus 350 bps, 1% Libor floor, OID 99.75 on add-on, 101 soft call for six months; $100 million second-lien term loan (Caa1/B-) talked at Libor plus 750 bps to 775 bps, 1% Libor floor, OID 99, call protection 102, 101; also €186 million first-lien term loan (B2/B) talked at Euribor plus 375 bps, 0% floor, 101 soft call for six months; fund a dividend recapitalization and repricing; Tonawanda, N.Y., specialty materials platform focused on providing innovative thermal management, filtration and energy solutions for end markets and applications.

UNITED ROAD SERVICES INC.: $320 million credit facilities; Credit Suisse and Goldman Sachs; $60 million ABL revolver; $260 million seven-year covenant-light first-lien term loan (B2/B) at Libor plus 525 bps, 1% Libor floor, OID 99.5, 101 soft call; help fund buyout by the Carlyle Group from Charlesbank Capital Partners LLC; Romulus, Mich., provider of vehicle transport and logistics.

VC GB HOLDINGS INC.: $498 million covenant-light first-lien term loan (B1/B) due February 2024 talked at Libor plus 325 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; decorative lighting company.

VERTIV: $1.745 billion covenant-light term B due November 2023 talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 99.875, 101 soft call for six months; JPMorgan; refinance existing term loan and fund a dividend; Columbus, Ohio, provider of thermal management, A/C and D/C power, transfer switches, services and information management systems for the data center and telecommunications industries.

YOUNG INNOVATIONS INC.: $540 million credit facilities; Jefferies, Antares, Madison Capital and Neuberger Berman; $50 million revolver; $270 million seven-year covenant-light first-lien term loan talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $100 million seven-year covenant-light first-lien delayed-draw term loan talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5; $120 million pre-placed eight-year second-lien term loan; help fund buyout by The Jordan Co.; Algonquin, Ill.; developer and manufacturer of consumable dental products.

On The Horizon

ACETATE TOW JOINT VENTURE: $1.605 billion credit facilities; Barclays, Credit Suisse and Deutsche Bank; $65 million senior unsecured revolver; $135 million senior secured revolver; $1.005 billion in senior secured term loans; $400 million senior unsecured term loan; fund a dividend and repay debt in connection with formation of joint venture by Celanese Corp. contribution of Cellulose Derivatives business unit and Blackstone contribution of Rhodia Acetow business; acetate tow supplier.

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

AMNEAL PHARMACEUTICALS INC.: New debt financing expected at Libor plus 350 bps; JPMorgan and Bank of America; refinance debt in connection with acquisition of Impax Laboratories Inc.; Bridgewater, N.J., generic pharmaceutical manufacturer.

ARAMARK SERVICES: Up to $1.35 billion in term loans; JPMorgan; fund acquisition of Avendra LLC; Philadelphia-based professional services company.

ARAMARK SERVICES: Up to $975 million in term loans; Goldman Sachs and Morgan Stanley; fund acquisition of AmeriPride Services Inc.; Philadelphia-based professional services company.

CIRCOR INTERNATIONAL INC.: $935 million senior secured credit facilities; Deutsche Bank and SunTrust; $150 million five-year revolver expected at Libor plus 425 bps; $785 million seven-year covenant-light term B expected at Libor plus 425 bps, 1% Libor floor, 101 soft call for six months; help fund acquisition of Colfax Fluid Handling from Colfax Corp. and refinance existing debt; Burlington, Mass., designer, manufacturer and marketer highly engineered products and sub-systems for markets including oil & gas, power generation and aerospace & defense.

CONCENTRA GROUP HOLDINGS LLC: $795 million in term loans; JPMorgan; $555 million senior secured incremental term loan; $240 million second-lien term loan; fund acquisition of U.S. HealthWorks Inc. from Dignity Health; Addison, Texas, occupational medicine and urgent care service provider.

GENUINE PARTS CO.: New term loans; help fund acquisition of Alliance Automotive Group; Atlanta-based distributor of automotive replacement parts.

GIGAMON INC.: New debt financing; Jefferies; help fund buyout by Elliott Management; Santa Clara, Calif., provider of active visibility into physical and virtual network traffic.

ITRON INC.: $400 million seven-year senior secured covenant-light term B expected at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Wells Fargo; help fund acquisition of Silver Spring Networks Inc.; Liberty Lake, Wash., technology and services company.

RACKSPACE: Incremental senior secured credit facilities; Citigroup; help fund acquisition of Datapipe; San Antonio, Texas, multi-cloud managed services company.

RCN TELECOM SERVICES LLC (RADIATE HOLDCO): $1.425 billion incremental credit facilities; UBS, Credit Suisse, Morgan Stanley and Nomura; $150 million incremental revolver; $1.275 billion incremental term loan; help fund acquisition of Wave Broadband; cable operator.

SINCLAIR BROADCAST GROUP INC.: $3.972 billion in incremental bank debt; JPMorgan, RBC and Deutsche Bank; up to $225 million incremental revolver; $3.747 billion seven-year senior secured incremental term B; help fund acquisition of Tribune Media Co.; Hunt Valley, Md., television broadcasting company.

TORTOISE INVESTMENTS: New debt financing; UBS and Credit Suisse; help fund buyout by Lovell Minnick Partners; Leawood, Kan., provider of investment solutions and market insights.

ZENITH ENERGY U.S. LP: $500 million senior secured credit facilities; Barclays and Credit Suisse; $50 million revolver; $410 million term loan; $40 million delayed-draw term loan; help fund acquisition of Arc Logistics Partners LP; Houston-based liquids and bulk terminaling 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.