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Published on 2/22/2018 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $58.1199 billion deals being marketed

February Bank Meetings

ASSYSTEM TECHNOLOGY SERVICES: Bank meeting Feb. 27; €197.4 million add-on to covenant-light term loan B due September 2024; fungible with existing €277 million term loan; talked at Euribor plus 475 bps, 0% Euribor floor, 99.5 OID; Credit Agricole, HSBC, Natixis, Societe Generale; finance the acquisition of SGS Group, refinance some of SGS’ debt, pay fees and expenses; Paris-based R&D outsourcing business specializing in product engineering and post-development services for industrial clients operating in the aerospace, automotive, transportation and manufacturing industries; commitments due March 9.

KRATON CORP.: Bank meeting Feb. 23; reprice existing term loans, extend maturity by three years to March 2025 and increase borrowings under the euro-denominated tranche by about $100 million to $200 million; J.P. Morgan, Deutsche Bank, Credit Suisse; proceeds from additional borrowings to pay down a portion of the existing dollar-denominated tranche; Houston-based producer of engineered polymers and styrenic block copolymers.

ZEST DENTAL SOLUTIONS: Bank meeting Feb. 26; credit facility; Citi; Carlsbad, Calif.-based developer, manufacturer and supplier of solutions to treat both natural teeth and implant supported restorations.

Upcoming Closings

ACCUDYNE INDUSTRIES LLC: $822.9 million senior secured covenant-light term B due Aug. 18, 2024 talked at Libor plus 325 bps, 25 bps step-down at 4.25x total net leverage, 1% Libor floor, 101 soft call for six months; Morgan Stanley; repricing; Dallas-based provider of precision engineered, process-critical and technologically advanced flow control systems and industrial compressors.

AECOM: $600 million seven-year covenant-light term B (Ba1/BBB-) pricing Libor plus 175 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Bank of America; help refinance an existing term loan A and 5.75% senior notes; Los Angeles-based designer, builder, financer and operator of infrastructure assets for governments, businesses and organizations.

AFFINITY GAMING: $317 million term B talked at Libor plus 300 bps, 1% Libor floor, 101 soft call for six months; Citizens, Credit Suisse and Fifth Third; repricing; Las Vegas-based diversified casino gaming company.

AIR CANADA: $798 million term B due October 2023 talked at Libor plus 200 bps, 0.75% Libor floor, 101 soft call for six months; JPMorgan; repricing; Montreal-based airline company.

AIR MEDICAL GROUP HOLDINGS INC.: $933.4 million senior secured covenant-light term B-1 due April 28, 2022 talked at Libor plus 325 bps, step-up to Libor plus 350 bps when first-lien secured net leverage is greater than 4.25x, 1% Libor floor, 101 soft call for six months; Morgan Stanley and KKR; repricing; Dallas-based provider of air and ground ambulance programs.

ALTRAN TECHNOLOGIES: $300 million seven-year senior secured term B (Ba2/BB) at Libor plus 275 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Goldman Sachs, Credit Agricole and Morgan Stanley; also €1.88 billion seven-year senior secured term B (Ba2/BB) at Euribor plus 325 bps, 0% floor, OID 99.75, 101 soft call for six months; help fund acquisition of Aricent from KKR and refinance some debt; France-based engineering and industrial consulting company.

AMERICAN ROCK SALT CO. LLC: $410 million first-lien term loan (B3/B) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Citizens; refinance existing debt; Mount Morris, N.Y., salt mine operator.

AMERICAN TRAFFIC SOLUTIONS (ATS CONSOLIDATED INC.): $1.04 billion in term loans; Bank of America, Morgan Stanley, BMO, Deutsche Bank and Credit Suisse; $840 million seven-year covenant-light first-lien term B (B1/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $200 million eight-year covenant-light second-lien term loan (Caa1/CCC+) talked at Libor plus 800 bps to 825 bps, 0% Libor floor, OID 99, call protection 102, 101; fund the acquisition of Highway Tolling Administration and refinance existing debt; provider of traffic safety technology to government clients and toll management, toll insurance, violation management and title and registration services to rental car and fleet management companies.

ASURION LLC: $3.338 billion covenant-light term B (Ba3) due Nov. 3, 2023 talked at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Bank of America, Morgan Stanley, Barclays, Credit Suisse, Deutsche Bank and Goldman Sachs; refinance/reprice existing term B; Nashville-based provider of technology protection services.

BOOZ ALLEN HAMILTON INC.: $395 million term B due June 30, 2023 talked at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Bank of America; repricing; McLean, Va., provider of management and technology consulting services, and engineering services to governments, corporations and not-for-profit organizations.

BOYD CORP.: $210 million term loan (B2/B-) talked at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call until May 16, 2018; Antares, Societe Generale and Macquarie; fund an acquisition; Modesto, Calif., designer and manufacturer of highly engineered, specialty material-based thermal management, vibration damping, EMI management and environmental sealing solutions.

CINEWORLD GROUP: Expected closing early March; $4.375 billion senior secured credit facilities (B1/BB-); Barclays (left on U.S.) and HSBC (left on euro); $300 million five-year revolver; $3.325 billion/€607.6 million seven-year covenant-light term B at Libor plus 250 bps/Euribor plus 262.5 bps, 25 bps step-down when net secured leverage is less than 3.5x, 0% floor, OID 99.75 on U.S., par on euro, 101 soft call for six months; help fund acquisition of Regal Entertainment Group and refinance existing debt; London-based cinema operator.

COLUMBUS MCKINNON CORP.: $390.5 million term B due 2024 talked at Libor plus 250 bps to 275 bps, 1% Libor floor, OID 99.875 to par, 101 soft call for six months; JPMorgan; repricing; Getzville, N.Y., designer, manufacturer and marketer of material handling products, technologies and services.

COOPER-STANDARD AUTOMOTIVE INC.: $337 million covenant-light term B (Ba1/BBB-) due Nov. 2, 2023 talked at Libor plus 200 bps, 0.75% Libor floor, 101 soft call for six months; Deutsche Bank, Bank of America, Barclays, Goldman Sachs and JPMorgan; repricing; Novi, Mich., supplier of systems and components for the automotive industry.

CPM ACQUISITION CORP.: $381.8 million credit facilities; BMO and Morgan Stanley; $20 million revolver due April 2020; $361.8 million covenant-light first-lien term loan due April 2022 at Libor plus 350 bps, 1% Libor floor, 101 soft call for six months; repricing; supplier of process equipment used for oilseed processing and animal feed production.

CRESTWOOD HOLDINGS LLC: $350 million five-year senior secured term B (B3) talked at Libor plus 725 bps to 750 bps, 0% Libor floor, OID 98 to 98.5, call protection 102, 101; Morgan Stanley; refinance existing term B; Houston-based company focused on natural gas storage.

CROWN HOLDINGS INC.: $1.15 billion seven-year covenant-light senior secured term B (Baa2/BB+) at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Citigroup, Deutsche Bank, Bank of America, BNP Paribas, Mizuho, Scotia, Santander, TD and Wells Fargo; also $100 million incremental term loan A; also €750 million seven-year covenant-light senior secured term B (Baa2/BB+) at Euribor plus 237.5 bps, 0% Euribor floor, 101 soft call for six months; help fund acquisition of Signode Industrial Group Holdings (Bermuda) Ltd. from Carlyle Group; Philadelphia-based provider of consumer packaging.

CYANCO INTERMEDIATE 2 CORP.: $480 million of term loans; Deutsche Bank; $380 million seven-year covenant-light first-lien term loan (B2/B+) talked at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $100 million eight-year covenant-light second-lien term loan (Caa1/CCC+) talked at Libor plus 750 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Cerberus Capital Management LP from Oaktree Capital Management LP; Pearland, Texas, supplier of sodium cyanide used for the extraction of gold and silver.

DIVERSITECH HOLDINGS INC.: $348.4 million (including $25 million add-on) first-lien term loan (B2/B+) due June 2024 talked at Libor plus 300 bps, 1% Libor floor, 101 soft call for six months; RBC, Barclays, Deutsche Bank and Societe Generale; repricing and general corporate purposes; Duluth, Ga., manufacturer of components and products related to the heating, ventilating, air conditioning and refrigeration industry.

EAGLEPICHER TECHNOLOGIES LLC: $615 million senior secured credit facilities; Jefferies, Barclays and RBC; $50 million five-year revolver (B-); $405 million seven-year first-lien term loan (B-) talked at Libor plus 325 bps to 350 bps, 25 bps leverage-based stepdown, 0% Libor floor, OID 99.5, 101 soft call for six months; $160 million eight-year second-lien term loan (CCC) talked at Libor plus 725 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by GTCR from Apollo Global Management LLC; St. Louis-based provider of mission-critical power and energy solutions for high-value applications within the defense, aerospace and medical end markets.

FLORA FOOD GROUP: €4.6 billion equivalent credit facilities (B1/B+/BB-); Credit Suisse, Deutsche Bank, KKR, BNP Paribas, Credit Agricole, Goldman Sachs, HSBC, ING, Lloyds, Mizuho, RBC, Societe Generale, UniCredit, Commerzbank, mBank, Mediobanca, Rabobank and Raiffeisen; €700 million 6.5-year revolver talked at Euribor plus 300 bps, 0% floor; €600 million equivalent U.S. dollar seven-year covenant-light first-lien term loan talked at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; €2 billion seven-year covenant-light first-lien term loan talked at Euribor plus 350 bps, 0% floor, OID 99.5, 101 soft call for six months; €500 million equivalent PLN seven-year covenant-light first-lien term loan talked at W+350 bps, 0% floor, OID 99.5, 101 soft call for six months; €800 million equivalent GBP seven-year covenant-light first-lien term loan talked at Libor plus 400 bps, 0% floor, OID 99.5, 101 soft call for six months; help fund acquisition of Unilever’s spreads business by KKR; butter and margarine company.

FLUIDRA: $525 million seven-year first-lien term loan (Ba3/BB) talked at Libor plus 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse (left on U.S.), Citigroup (left on euro), Bank of America and BBVA; also €425 million seven-year first-lien term loan (Ba3/BB) talked at Euribor plus 300 bps, 0% floor, OID 99.5, 101 soft call for six months; fund merger with Zodiac Pool Solutions; Sabadell, Spain, developer of products and applications for the commercial and residential pool markets.

FLYING FORTRESS HOLDINGS LLC: $750 million term B talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; RBC and Bank of America; repricing; Dublin-based aircraft leasing company.

FUSION: $620 million senior secured credit facilities; Goldman Sachs, Morgan Stanley and MUFG; $50 million revolver (B3/B); $500 million seven-year first-lien term loan (B3/B) talked at Libor plus 675 bps to 725 bps, 1% Libor floor, OID 98.5 to 99, 101 soft call for six months; $70 million 7.5-year second-lien term loan (Caa2/CCC+) talked at Libor plus 1,150 bps, 1% Libor floor, OID 97.75, call protection to be announced; refinance debt in connection with the all-stock merger of Fusion and the Cloud and Business Services customers, operations and infrastructure of Birch Communications; New York-based cloud services provider.

GENESYS: $1.58 billion and €528 million covenant-light term loans B due Dec. 1, 2023 talked at Libor/Euribor plus 325 bps, 0% floor, 101 soft call for six months; Bank of America and Citigroup; repricing; Daly City, Calif., provider of omnichannel customer experience and contact center solutions.

GENEX SERVICES: $535 million credit facilities; SunTrust (left on first-lien), RBC (left on second-lien), Capital One, Fifth Third and KKR; $50 million five-year revolver; $365 million seven-year first-lien term B talked at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $120 million eight-year second-lien term loan talked at Libor plus 700 bps, 0% Libor floor, call protection 102, 101; help fund buyout of by Stone Point Capital LLC from Apax Partners; Wayne, Pa., provider of cost containment services to the workers’ compensation, disability and auto industries.

GENWORTH FINANCIAL INC.: $450 million five-year senior secured term loan (Ba3/B+) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 98.5, non-call one, 102, 101; Goldman Sachs and JPMorgan; help refinance existing debt; expected closing in early March; Richmond, Va., holding company that provides a diversified mix of life, annuity, long-term care and mortgage insurance solutions.

GOODYEAR TIRE & RUBBER CO.: $400 million eight-year second-lien term loan (Baa3/BBB-) talked at Libor plus 175 bps to 200 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; refinance existing second-lien term loan; Akron, Ohio, tire company.

GOPHER RESOURCE LLC: Expected closing March 6; $515 million credit facilities (B2/B); Credit Suisse, Barclays and BMO; $40 million revolver; $475 million seven-year covenant-light first-lien term loan at Libor plus 325 bps, 25 bps step-down at senior secured net leverage of less than 4.5x, 1% Libor floor, OID 99.75, 101 soft call for six months; fund acquisition by Energy Capital Partners; recycler of lead-acid batteries.

HARBOURVEST PARTNERS LP: $535 million seven-year covenant-light first-lien term B at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse; refinance existing debt and redeem partnership units; Boston-based private equity firm.

INVICTUS: $815 million credit facilities; Barclays (admin on first-lien), Goldman Sachs (admin on second-lien) and HSBC; $100 million five-year revolver (B1/B+/BB+); $545 million seven-year first lien term loan (B1/B+/BB+) at Libor plus 300 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $170 million eight-year second lien term loan (Caa1/CCC+/B) at Libor plus 675 bps, 0% Libor floor, OID 99.5, call protection 102, 101; help fund acquisition by sponsor SK Capital; St. Louis-based formulator and manufacturer of fire management chemicals.

KIK CUSTOM PRODUCTS INC.: $804.4 million term B due May 15, 2023 talked at Libor plus 400 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Barclays, BMO, Nomura, Macquarie and SunTrust; repricing and extension; Concord, Ont., manufacturer of consumer products.

LESLIE’S POOLMART INC.: $834 million term B (B1/B) talked at Libor plus 350 bps, 0% Libor floor, 101 soft call for six months; Nomura; repricing; Phoenix-based retailer of swimming pool supplies and related products.

LIFETIME BRANDS INC.: $425 million senior secured credit facilities; JPMorgan and Golub Capital on term B, JPMorgan on revolver; $150 million five-year asset-based revolver; $275 million seven-year covenant-light term B at Libor plus 300 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Filament Brands; Garden City, N.Y., provider of branded kitchenware, tableware and other products used in the home.

LUCID ENERGY GROUP II LLC: Expected closing late February; $1 billion credit facility; Jefferies; $950 million seven-year first-lien term loan (-/-/BB+) at Libor plus 300 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $50 million super-priority revolver; help fund buyout by Riverstone Holdings LLC and Goldman Sachs Merchant Banking Division from Lucid Energy Group and to finance system expansion; Dallas-based natural gas gathering and processing company operating in the Northern Delaware Basin.

LUMOS NETWORKS: Expected closing early March; $65 million incremental senior secured term B due Nov. 17, 2024 at Libor plus 325 bps, 1% Libor floor, issue price 100.25, 101 soft call until May 17, 2018; Morgan Stanley; general corporate purposes including capital expenditures; Waynesboro, Va., fiber-based service provider in the Mid-Atlantic region.

MEDICAL SOLUTIONS HOLDINGS INC.: $349.5 million first-lien term loan (including $140 million incremental) due June 2024 talked at Libor plus 375 bps, 1% Libor floor, OID 99.75 on incremental, 101 soft call for six months; UBS; fund an acquisition and repricing; Omaha-based provider of health care staffing solutions for hospitals.

NEUSTAR INC.: $1.23 billion of term loan Bs; $129 million term loan B-1 due Jan. 8, 2020 talked at Libor plus 250 bps to 275 bps, 0% Libor floor, at par, 101 soft call protection for six months; $1,102,000,000 term loan B-2 due Aug. 8, 2024 talked at Libor plus 325 bps to 350 bps, 0% Libor floor, 99.75 for new money, par for existing lenders, 101 soft call protection for six months; via Bank of America Merrill Lynch; Sterling, Va.-based provider of real-time information services; commitments due March 1.

NUTRACEUTICAL INTERNATIONAL CORP.: $230 million term loan talked at Libor plus 325 bps, 1% Libor floor, 101 soft call for six months; Antares; repricing; Park City, Utah, manufacturer, marketer, distributor and retailer of branded nutritional supplements and other natural products.

OMNOVA SOLUTIONS INC.: $306 million term B (B1/B) due August 2023 talked at Libor plus 325 bps, 0% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; Beachwood, Ohio, innovator of performance-enhancing chemistries and surfaces for commercial, industrial and residential end uses.

ON ASSIGNMENT INC.: $822 million seven-year incremental covenant-light term B (Ba2/BB) at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Wells Fargo; help fund acquisition of ECS Federal LLC from Roy Kapani and Lindsay Goldberg; expected closing April 2; Calabasas, Calif., provider of IT and professional services in the technology, creative/digital, engineering and life sciences sectors.

OPENLINK FINANCIAL LLC: Roughly $541 million equivalent senior secured credit facilities; UBS; $21 million five-year revolver; $275 million seven-year term B talked at Libor plus 575 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; €200 million seven-year term B talked at Euribor plus 525 bps, 1% floor, OID 99.5, 101 soft call for six months; help fund acquisition by ION Investment Group from Hellman & Friedman; Uniondale, N.Y., provider of trading and risk management solutions for commodity, energy, corporate and financial services organizations.

ORYX SOUTHERN DELAWARE HOLDINGS LLC: $840 million credit facilities; Jefferies and Citigroup; $40 million super priority revolver; $800 million seven-year first-lien term loan (B2/B+) talked at Libor plus 325 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; repay outstanding bank debt and fund a distribution to current owners; oil gathering and transportation business in the Delaware Basin.

OVERSEAS SHIPHOLDING GROUP INC.: $380 million senior secured term loan (B+) due August 2022 talked at Libor plus 575 bps, 1% Libor floor, 50 bps amendment fee; Goldman Sachs; amend and extend an existing term loan; Tampa, Fla., provider of transportation services for crude oil and refined products.

PETVET CARE CENTERS LLC: $1.025 billion credit facilities; Jefferies and KKR; $75 million revolver; $510 million seven-year first lien term loan at Libor plus 275 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $150 million seven-year first-lien delayed-draw term loan at Libor plus 275 bps, 0% Libor floor, OID 99.75; $215 million eight-year second-lien term loan at Libor plus 625 bps, 0% Libor floor, OID 99.5, hard call 102, 101; $75 million privately placed eight-year second-lien delayed-draw term loan at Libor plus 625 bps, 0% Libor floor, OID 99.5; help fund buyout by KKR from Ontario Teachers’ Pension Plan, L Catterton and other existing shareholders; Westport, Conn., acquirer and operator of general practice and specialty veterinary hospitals for companion animals.

POLYCONCEPT: $479 million term loan B (including $20 million add-on) due Aug. 16, 2023 talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.75 on add-on, 101 soft call for six months; Goldman Sachs, RBC and Natixis; add cash to balance sheet and fund potential future tuck-in acquisitions and repricing; supplier of decorated promotional products.

POST HOLDINGS, INC.: $2.2 billion term loan B due May 24, 2024 talked at Libor plus 200 bps, 0% Libor floor, at par, 101 soft call protection reset for six months; Barclays (left), Bank of America Merrill Lynch, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley and Wells Fargo; repricing; St. Louis-based cereal, food and nutrition company; commitments due Feb. 28.

POWERTEAM SERVICES LLC: $790 million credit facilities; Credit Suisse; $60 million revolver (B); $595 million seven-year first-lien term loan (B) talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $135 million eight-year second-lien term loan (CCC+) talked at Libor plus 725 bps to 750 bps, 1% Libor floor, OID 99, call protection 102, 101; refinance existing and fund a shareholder distribution; Cary N.C., provider of services to natural gas and electric distribution.

PRO MACH GROUP INC.: $860 million senior secured credit facilities (B2/B-); Morgan Stanley and Goldman Sachs; $100 million five-year revolver talked at Libor plus 325 bps, 0% Libor floor; $760 million seven-year covenant-light first-lien term B talked at Libor plus 325 bps, step-down to Libor plus 300 bps at 0.5x inside closing net first-lien leverage, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; fund buyout by Leonard Green & Partners from AEA Investors; Cincinnati, Ohio, provider of packaging solutions to the food, beverage, pharmaceutical, personal care, and household and industrial goods industries.

PS LOGISTICS (PS HOLDCO LLC): $296 million credit facilities; UBS, BBVA and Fifth Third; $50 million ABL revolver; $246 million seven-year first-lien term loan (B2/B+) talked at Libor plus 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by One Equity Partners; flatbed transportation solution provider.

PSAV: $1.415 billion credit facilities; Goldman Sachs, JPMorgan, Credit Suisse, Morgan Stanley, Macquarie, KKR and Sumitomo Mitsui; $100 million revolver (B2/B); $1,105,000,000 seven-year first-lien term loan (B2/B) talked at Libor plus 325 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; $210 million 7.5-year second-lien term loan (Caa2/CCC+) talked at Libor plus 725 bps, 1% Libor floor, OID 99.25, call protection 102, 101; refinance existing first-lien term loan and fund a dividend; Long Beach, Calif., event technology provider.

ROBERTSHAW US HOLDING CORP.: Expected closing late February; $670 million credit facilities; Deutsche Bank, Credit Suisse and Jefferies; $50 million ABL revolver; $510 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 350 bps, step-down to Libor plus 325 bps at 4.25x first-lien leverage, 1% Libor floor, OID 99.75, 101 soft call for six months; $110 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 800 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by One Rock Capital Partners LLC and add cash to the balance sheet; Itasca, Ill., designer and manufacturer of systems and controls used in residential and commercial appliances, HVAC and transportation applications.

SABRE GLBL INC.: $1.881 billion covenant-light term B (BB-) due Feb. 22, 2024 talked at Libor plus 200 bps, 0% Libor floor, OID 99.875 to par, 101 soft call for six months; Bank of America, Goldman Sachs, JPMorgan, Mizuho, Morgan Stanley, PNC and Wells Fargo; refinance/reprice existing term B; Southlake, Texas, online travel company.

SHUTTERFLY INC.: $825 million senior secured covenant-light term B-2 due Aug. 17, 2024 (Ba3/BB-) talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Morgan Stanley and SunTrust; help fund acquisition of Lifetouch; Redwood City, Calif., online retailer and manufacturer of personalized products and services.

SIG COMBIBLOC GROUP AG: $1.2 billion repricing of term loan B; Barclays, Nomura; price talk Libor plus 250 to 275 bps, 1% Libor floor at par, six month 101 soft call protection reset; Neuhausen am Rheinfall, Switzerland-based supplier of carton packaging and filling machines for beverages and food.

SKY BETTING & GAMING: $448 million senior secured term loan B due July 2024 talked at Libor plus 275 bps to 300 bps, 25 bps step-down post IPO, 0% Libor floor, OID 99.75, 101 soft call for six months; Goldman Sachs, Barclays and NatWest; repricing; online betting and gaming company.

SOLARWINDS INC.: $2.305 billion in term loans; Goldman Sachs, Credit Suisse, Macquarie and Nomura; $1.93 billion first-lien term loan, price talk Libor plus 300 to 325 bps, 0% Libor floor at 99.75, 101 soft call protection for six months; $375 million privately placed second-lien term loan; refinance existing credit facilities; Austin, Texas, provider of IT network and systems infrastructure management software; commitments due March 5.

SOLERA LLC: $1.771 billion term B due March 3, 2023 talked at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Nomura, Jefferies, KKR and Macquarie; also €634 million term B due March 3, 2023 talked at Euribor plus 325 bps, step-down to Euribor plus 300 bps at 6.75x total net leverage, 0% floor, 101 soft call for six months; repricing; Westlake, Texas, provider of risk and asset management software services to the automotive and property marketplace.

SS&C TECHNOLOGIES HOLDINGS INC.: $5.63 billion seven-year covenant-light first-lien term loan (Ba3/BB) talked at Libor plus 250 bps to 275 bps, OID 99.5, 101 soft call for six months; Credit Suisse, Morgan Stanley, Barclays and JPMorgan; help fund acquisition of DST Systems Inc.; Windsor, Conn.-based provider of financial services software and software-enabled services.

TEREX CORP.: $397 million covenant-light first-lien term loan (Ba1/BBB-) due Jan. 31, 2024 talked at Libor plus 200 bps, 0.75% Libor floor, 101 soft call for six months; Credit Suisse; repricing; Westport, Conn., lifting and material handling solutions company.

TTM TECHNOLOGIES INC.: $600 million add-on covenant-light term B (Ba3/BB+/BB+) due Sept. 28, 2024 at Libor plus 250 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Barclays, Deutsche Bank, HSBC and SunTrust; help fund acquisition of Anaren Inc. from Veritas Capital; Costa Mesa, Calif.-based printed circuit board manufacturer.

VAC (VAC GERMANY HOLDING GMBH AND NEW VAC US LLC): $230 million credit facilities (B); Credit Suisse and Deutsche Bank; $30 million revolver; $200 million seven-year covenant-light first-lien term loan talked at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; provider of highly specialized magnetic alloys and components serving diverse end markets.

W.R. GRACE & CO.: $1.3 billion senior secured credit facilities (Ba1/BBB-); Goldman Sachs; $400 million revolver; $300 million seven-year term B-1 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $600 million seven-year term B-2 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; refinance existing debt and for mergers and acquisitions; Columbia, Md., product development and manufacturing company that produces and sells specialty chemicals and materials.

XPO LOGISTICS INC.: Expected closing Feb. 23; $1.503 billion seven-year term B (BB+) at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Citigroup; refinance existing term loan debt; Greenwich, Conn., provider of supply chain solutions.

ZAYO GROUP LLC: $150 million add-on term B-2 due 2024 talked at Libor plus 225 bps, 1% Libor floor, OID 99.875 to par; JPMorgan; fund acquisitions and general corporate purposes; Boulder, Colo., provider of communications infrastructure services.

On The Horizon

8POINT3 ENERGY PARTNERS LP: Roughly $1.1 billion of debt financing; MUFG; help fund acquisition by Capital Dynamics Inc.; San Jose, Calif.-based owner, operator and acquirer of solar energy generation projects.

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.

ALBERTSONS COS. LLC: $2.2 billion in bank debt; Bank of America, Credit Suisse and Goldman Sachs; $1 billion incremental asset-based revolver; $1.2 billion five-year asset-based term loan expected at Libor plus 375 bps; help fund merger with Rite Aid Corp.; Boise, Idaho, food and drug retailer.

AMERICAN GREETINGS: New debt financing; Barclays, Deutsche Bank, Citizens, ING, Bank of America, HSBC, Sumitomo and KeyBanc; help fund acquisition by Clayton, Dubilier & Rice of a 60% ownership stake in the company; Cleveland, Ohio, designer, manufacturer and distributor of greeting cards, gift packaging, party goods and stationery products.

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.

BLACKHAWK NETWORK HOLDINGS INC.: $2.15 billion senior secured credit facilities; Bank of America, JPMorgan, Barclays, Citigroup, Goldman Sachs, Wells Fargo, BMO, Deutsche Bank, Fifth Third, MUFG, RBC and SunTrust Bank; $400 million revolver; $1.35 billion first-lien term loan; $400 million second-lien term loan; help fund buyout by Silver Lake and P2 Capital Partners; Pleasanton, Calif., financial technology company.

BOARDRIDERS INC.: New debt financing; Deutsche Bank, Bank of America and Macquarie; help fund acquisition of Billabong International Ltd.; Huntington Beach, Calif., action sports and lifestyle company that designs, produces and distributes apparel, footwear and accessories.

BOYD GAMING CORP.: Incremental debt financing; fund acquisition of Valley Forge Casino Resort in King of Prussia, Pa., from Valley Forge Convention Center Partners LP; Las Vegas-based owner and operator of gaming entertainment properties.

CARLISLE FOODSERVICE PRODUCTS: $475 million senior secured credit facilities; Goldman Sachs, Credit Suisse and Jefferies; $370 million first-lien credit facilities; $105 second-lien term loan; help fund buyout by The Jordan Co. from Carlisle Cos. Inc.; manufacturer and marketer of professional-grade solutions for the restaurant, hospitality, healthcare and janitorial segments.

CLOVERLEAF COLD STORAGE: New debt financing; Goldman Sachs; help fund recapitalization with majority equity investment by Blackstone; Sioux City, Iowa, cold storage warehousing and food logistics company.

COMMERCIAL METALS CO.: Up to $600 million senior secured term B; Bank of America, Citigroup, PNC and Wells Fargo; fund all or a portion of the acquisition of certain U.S. rebar steel mill and fabrication assets from Gerdau S.A.; Irving, Texas, manufacturer, recycler and marketer of steel and metal products, related materials and services.

ENERGIZER HOLDINGS INC.: $2.04 billion senior secured credit facilities; JPMorgan and Barclays; $400 million five-year revolver expected at Libor plus 275 bps, 0% Libor floor; $1.64 billion seven-year covenant-light first-lien term loan expected at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of Spectrum Brands’ Global Battery and Portable Lighting Business, refinance existing credit facility and provide working capital; St. Louis-based manufacturer of primary batteries and portable lighting products.

FOGO DE CHAO INC.: New debt financing; Credit Suisse and Wells Fargo; help fund buyout by Rhone Capital; Dallas-based steakhouse chain.

HUSKY INJECTION MOLDING SYSTEMS: New debt financing; Bank of America and Deutsche Bank; help fund buyout by Platinum Equity from Berkshire Partners and OMERS Private Equity; Bolton, Ont., supplier of injection molding equipment and services to the plastics industry.

KEY SAFETY SYSTEMS: New debt financing; help fund acquisition of substantially all of Takata Corp.’s assets and operations; Sterling Heights, Mich., supplier of advanced engineered safety products for automotive and non-automotive markets.

KINDRED HEALTHCARE INC.: $2.975 billion senior secured credit facilities; JPMorgan, Morgan Stanley, Citigroup, Goldman Sachs, Bank of America, Capital One, RBC and Wells Fargo; $280 million revolver, $1.36 billion first-lien term loan, $475 million second-lien term loan to Kentucky Homecare Holdings Inc.; $450 million asset-based loan facility, $410 million term loan to Kentucky Hospital Holdings LLC; help fund buyout by TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc.; Louisville, Ky., healthcare services company.

MARVELL TECHNOLOGY GROUP LTD.: $1.4 billion credit facilities; Goldman Sachs and Bank of America; $900 million term loan; $500 million revolver; help fund acquisition of Cavium Inc.; Hamilton, Bermuda, provider of storage, networking and connectivity solutions.

MCDERMOTT INTERNATIONAL INC.: $4.45 billion of senior secured credit facilities; Barclays, Credit Agricole and Goldman Sachs; $1 billion five-year revolver; $1.2 billion five-year letter of credit facility; $1.75 billion seven-year covenant-light term B expected at Libor plus 475 bps, 1% Libor floor, 101 soft call for six months; $500 million seven-year covenant-light term C expected at Libor plus 475 bps, 1% Libor floor, 101 soft call for six months; help fund merger with CB&I; Houston-based provider of integrated engineering, procurement, construction and installation, front-end engineering and design and module fabrication services for upstream field developments.

OWENS & MINOR INC.: $450 million term B; Bank of America; help fund acquisition of the surgical and infection prevention business of Halyard Health Inc.; Mechanicsville, Va., healthcare solutions company.

PENN NATIONAL GAMING INC.: $1.14 billion in incremental senior secured term loans; Bank of America, Goldman Sachs, Fifth Third, U.S. Bank, Wells Fargo, Citizens, SunTrust and TD Securities; $387.2 million incremental term A; $752.8 million incremental term B; help fund acquisition of Pinnacle Entertainment Inc.; Wyomissing, Pa., owner and manager of gaming and racing facilities and video gaming terminal operations.

PLY GEM HOLDINGS INC.: New debt financing; Bank of America, Barclays, Deutsche Bank, Goldman Sachs, JPMorgan, Jefferies, MUFG, Natixis, RBC, Societe Generale and UBS; help fund buyout by Clayton, Dubilier & Rice and combination with Atrium Windows & Doors, which is also being acquired; Cary, N.C., building products manufacturer.

QDOBA RESTAURANT CORP.: New debt financing; help fund buyout by Apollo Global Management LLC from Jack in the Box Inc.; operator and franchiser of Qdoba Mexican Eats restaurants.

THOMSON REUTERS’ FINANCIAL & RISK: New debt financing; JPMorgan, Bank of America and Citigroup; help fund acquisition of a 55% stake by Blackstone, Canada Pension Plan Investment Board and GIC; data and financial technology platform.

WASTEQUIP LLC: New debt financing; Barclays and Credit Suisse; help fund buyout by H.I.G. Capital LLC from Centerbridge Partners LP; Charlotte, N.C., manufacturer of waste and recycling equipment.


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