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Published on 4/23/2018 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $60.5811 billion deals being marketed

April Bank Meetings

ALIXPARTNERS LLP: Lender call April 24; $170 million incremental covenant-light term B (B+) due April 2024 talked at Libor plus 275 bps, 0% Libor floor; Deutsche Bank; dividend recapitalization; New York-based performance improvement, corporate turnaround and financial advisory services firm.

BI-LO LLC: Bank meeting April 25; $1.125 billion credit facilities; Deutsche Bank, SunTrust, RBC and Bank of America; $525 million six-year term B talked at Libor plus 750 bps, 1% Libor floor, OID 99, 101 hard call for two years; $600 million ABL facility; fund exit from Chapter 11 and refinance existing debt; Jacksonville, Fla., supermarket chain.

CITYMD (WP CITYMD BIDCO LLC): Lender call April 24; $344.4 million first-lien term loan due June 2024 (including $120 million incremental), 101 soft call for six months; Credit Suisse, SunTrust and ING; repricing and fund a tuck-in acquisition; urgent care provider in the New York Metro area.

FOUNDATION BUILDING MATERIALS HOLDINGS CO. LLC: Bank meeting April 27; $450 million seven-year term B; RBC; redeem notes; Tustin, Calif., building material company.

LUMOS NETWORKS: Lender call April 24; $1.025 billion senior secured term B; Morgan Stanley, Goldman Sachs and SunTrust; repricing; Waynesboro, Va., fiber-based service provider in the Mid-Atlantic region.

PLASTIPAK HOLDINGS INC.: Lender call April 24; $646.8 million covenant-light term B due Oct. 14, 2024 talked at Libor plus 250 bps, 101 soft call for six months; Wells Fargo; repricing; Plymouth, Mich., designer, manufacturer and supplier of rigid plastic packaging containers.

SENNECA HOLDINGS: Bank meeting April 24; $480 million credit facilities; Antares Capital and Golub (on first-lien); $40 million five-year revolver; $240 million seven-year covenant-light first-lien term loan; $75 million delayed-draw first-lien term loan; $100 million privately placed second-lien term loan; $25 million privately placed delayed-draw second-lien term loan; help fund buyout by Kohlberg & Co.; Cincinnati-based provider of made-to-order specialty commercial door systems and enclosures.

Upcoming Closings

AEGIS TOXICOLOGY SCIENCES CORP.: $370 million senior secured credit facilities (B3/B); Morgan Stanley, SunTrust, Credit Suisse and Fifth Third; $50 million five-year revolver; $320 million seven-year first-lien term B talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt; Nashville, Tenn., laboratory sciences company.

AIRXCEL: $540 million credit facilities; Jefferies (left on first-lien) and Morgan Stanley (left on second-lien); $60 million five-year ABL revolver; $360 million seven-year senior secured first-lien term loan (B3/B) talked at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $120 million eight-year senior secured second-lien term loan (Caa2/CCC+) talked at Libor plus 800 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by L Catterton from One Rock Capital Partners LLC; producer and distributor of heating, ventilating, air conditioning, appliance and a variety of composite and soft good products serving specialty markets.

ALBERTSONS COS. LLC: $1.2 billion five-year asset-based last-out term loan (Ba2/BB-) talked at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, Credit Suisse, Goldman Sachs, Morgan Stanley, Barclays, Deutsche Bank, RBC, Wells Fargo and MUFG; help fund merger with Rite Aid Corp.; Boise, Idaho, food and drug retailer.

ALLIANT HOLDINGS INTERMEDIATE LLC: $2.286 billion senior secured credit facilities; Morgan Stanley, Capital One, Fifth Third, Jefferies, KKR, Macquarie, Bank of America, Nomura, RBC and SunTrust; $200 million revolver; $1.776 billion seven-year covenant-light term B talked at Libor plus 300 bps, 25 bps step-down at 4.25x consolidated secured debt, 0% Libor floor, OID 99.875 to par, 101 soft call for six months; $310 million seven-year covenant-light incremental term B talked at Libor plus 300 bps, 25 bps step-down at 4.25x consolidated secured debt, 0% Libor floor, OID 99.75 to par, 101 soft call for six months; extension and fund pending acquisitions; Newport Beach, Calif., specialty insurance brokerage firm.

AMERICAN GREETINGS: $720 million credit facilities (Ba3/B+); Barclays, Deutsche Bank, Citizens, ING, Bank of America, HSBC, Sumitomo, KeyBanc and CIBC; $250 million revolver; $470 million six-year term B at Libor plus 450 bps, 1% Libor floor, OID 98, 101 soft call; 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.: $2.7 billion seven-year term B (B1/BB-) at Libor plus 350 bps, step-down to Libor plus 325 bps when net first-lien leverage is 3x, 0% Libor floor, OID 99.5, 101 soft call; JPMorgan, Bank of America and RBC; refinance debt in connection with acquisition of Impax Laboratories Inc.; Bridgewater, N.J., generic pharmaceutical manufacturer.

APERGY CORP.: $665 million credit facilities (Ba1/BB); JPMorgan; $250 million revolver; $415 million term B at Libor plus 250 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; fund spin-off from Dover Corp.; The Woodlands, Texas, provider of highly engineered technologies that help companies drill for and produce oil and gas efficiently and safely.

AVAST SOFTWARE: $1.214 billion covenant-light term B (BB-) due September 2023 talked at Libor plus 250 bps, 1% Libor floor, 101 soft call for six months; Credit Suisse; also €502 million covenant-light term B due September 2023 talked at Euribor plus 275 bps, 0% floor, 101 soft call for six months; repricing; Prague-based maker of security software.

BCP RENAISSANCE PARENT LLC (BLACKSTONE): Expected closing April 30 week; $1.255 billion senior secured term B (B1/B+/BB-) due Oct. 31, 2024 at Libor plus 350 bps, 1% Libor floor, OID 99.875, 101 soft call for six months; Morgan Stanley; repricing; owner of Blackstone’s interest in Rover Pipeline LLC.

BERLIN PACKAGING LLC: $1.245 billion senior secured credit facilities; Morgan Stanley, Goldman Sachs and Jefferies; $75 million six-year revolver (B3/B); $815 million 7.5-year covenant-light term B (B3/B) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $355 million privately placed second-lien term loan; refinance existing debt and fund a shareholder dividend; Chicago-based hybrid packaging supplier.

BOMGAR CORP.: $360 million of credit facilities; Jefferies and Golub; $25 million revolver (B2); $240 million seven-year first-lien term loan (B2/B-) at Libor plus 400 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $95 million privately-placed eight-year second-lien term loan at Libor plus 750 bps, call protection 102, 101; help fund buyout by Francisco Partners from Thoma Bravo; provider of remote support and privileged access management solutions to enterprise customers.

BRONCO MIDSTREAM FUNDING LLC: Expected closing April 25; roughly $299 million senior secured term B due Aug. 13, 2023 at Libor plus 350 bps, 0% Libor floor, 101 soft call for six months; Barclays; repricing and extension; holding company which indirectly owns c.43.2 million LP units of Enable Midstream Partners, a publicly listed investment grade MLP.

CONSOLIDATED ENERGY FINANCE SA: $750 million senior secured credit facilities (Ba3/BB); Morgan Stanley, JPMorgan, Deutsche Bank, SMBC and Credit Suisse; up to $200 million revolver; $550 million seven-year covenant-light term B talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; acquirer and developer of companies that focus on alternative waste management and energy production.

CONSOLIDATED PRECISION PRODUCTS (WP CPP HOLDINGS LLC): $875 million senior secured credit facilities; Morgan Stanley, Antares, ING and HSBC; $125 million five-year revolver (B2/B) talked at Libor plus 375 bps, 0% Libor floor; $625 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $125 million eight-year covenant-light second-lien term loan (Caa2/CCC+) talked at Libor plus 775 bps, 0% Libor floor, OID 99, call protection 102, 101; refinance existing debt; Cleveland-based manufacturer of engineered components and subassemblies primarily for the commercial aerospace, defense and industrial gas turbine markets.

DUFF & PHELPS: $330 million incremental term loan (B3/B) at Libor plus 325 bps, 1% Libor floor, 101 soft call protection until Aug. 13, 2018; UBS and Goldman Sachs; fund acquisition of Kroll; New York-based independent advisor with expertise in the areas of valuation, corporate finance, disputes and investigations, compliance and regulatory matters, and other governance-related issues.

EG GROUP: New bank debt; Bank of America, Barclays, Deutsche Bank, Morgan Stanley and UBS; $150 million incremental multi-currency revolver (B2/B) due 2022 at Libor/Euribor plus 300 bps, 0% floor; $1.7 billion incremental covenant-light term B (B2/B) due 2025 at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; €175 million incremental covenant-light term B (B2/B) due 2025 at Euribor plus 400 bps, 0% floor, OID 99, 101 soft call for six months; $490 million equivalent eight-year covenant-light second-lien term loan ($245 million U.S., $245 million euro) (Caa1/CCC+) at Libor plus 800 bps/Euribor plus 775 bps, 1% floor, OID 99, call protection 102, 101; fund acquisitions of Kroger Co C-Stores and NRGValue; European independent forecourt/convenience-store retailer.

ENSONO LP: $643 million senior secured credit facilities; Morgan Stanley, Barclays, RBC and TD Securities; $60 million five-year revolver (B2/B) talked at Libor plus 500 bps to 525 bps, 0% Libor floor; $460 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 500 bps to 525 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $123 million eight-year covenant-light second-lien term loan (Caa2/CCC) talked at Libor plus 900 bps to 925 bps, 0% Libor floor, OID 99, call protection 102, 101; fund acquisition of Wipro Ltd.’s hosted data center services business; Chicago-based hybrid IT services provider.

ETON (PRICEWATERHOUSECOOPERS PUBLIC SECTOR LLP): $470 million senior secured credit facilities; RBC, UBS, Carlyle and Macquarie; $50 million five-year revolver (B1/B); $315 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 325 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $105 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 750 bps, 0% Libor floor, OID 99.5, call protection 102, 101; help fund buyout by Veritas Capital; provider of services to federal, state and local governments and multilateral agencies to help solve complex business problems, improve processes and manage risk through its capabilities in financial management, strategy development, program management, operational effectiveness and organization design.

FERRO CORP.: Expected closing April 25; $820 million in term loans (Ba3/BB-); Deutsche Bank and PNC; $355 million covenant-light term B-1 due February 2024 at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; $235 million covenant-light term B-2 due February 2024 at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; $230 million covenant-light term B-3 due February 2024 at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; reprice existing term B-1, refinance existing euro term loan and add cash to the balance sheet; Mayfield Heights, Ohio, functional coatings and color solutions provider that offers a portfolio of technology-based performance materials.

FRONTERA GENERATION HOLDINGS LLC: $710 million senior secured credit facilities (BB); Morgan Stanley and MUFG; $35 million five-year revolver; $675 million seven-year term B talked at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance Lonestar Generation LLC credit facilities; 526 MW combined cycle gas turbine power generation facility located in Mission, Texas.

GEO GROUP INC.: $792 million term B due March 2024 talked at Libor plus 200 bps, 0.75% floor, 101 soft call for six months; BNP Paribas; repricing; Boca Raton, Fla., real estate investment trust specializing in the design, financing, development, and operation of correctional, detention and community reentry facilities.

GGP INC.: $7 billion senior secured credit facilities (Ba3); Morgan Stanley, Wells Fargo, Deutsche Bank, RBC, Bank of America, Barclays, HSBC, Sumitomo Mitsui and TD Securities; $1.5 billion revolver; $1.5 billion term A-1; $2 billion term A-2; $2 billion seven-year covenant-light term B talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; fund acquisition of all outstanding shares of common stock by Brookfield Property Partners LP; Chicago-based owner, manager, leaser and redeveloper of high-quality retail properties.

GTT COMMUNICATIONS INC.: $1.331 billion seven-year covenant-light first-lien term loan (/B/BB) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, KeyBanc, SunTrust, Goldman Sachs, Morgan Stanley, Citizens and ING; also €640 million seven-year covenant-light first-lien term loan (//BB) talked at Euribor plus 325 bps to 350 bps, 0% floor, OID 99.5, 101 soft call for six months; refinance existing debt and help fund acquisition of Interoute; McLean, Va., cloud networking provider.

H.B. FULLER CO.: Expected closing late April; $2.139 billion senior secured covenant-light term B due Oct. 20, 2024 at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Morgan Stanley, Citigroup and JPMorgan; repricing; St. Paul, Minn., industrial adhesives, sealants, coatings and specialty materials company.

HEARTLAND DENTAL: $1.285 billion senior secured credit facilities (B2/B-); Jefferies, KKR, TD Securities, BMO and Macquarie; $135 million revolver; $1 billion seven-year covenant-light first-lien term loan at Libor plus 375 bps, 25 bps step-down at 4.5x first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $150 million seven-year delayed-draw for two years covenant-light term loan at Libor plus 375 bps, 25 bps step-down at 4.5x first-lien net leverage, 0% Libor floor, OID 99.5; help fund buyout by KKR from Ontario Teachers’ Pension Plan and other existing shareholders; Effingham, Ill., dental support organization.

HIGHLINE AFTERMARKET ACQUISITION LLC: $408 million senior secured credit facilities (B2/B); BNP Paribas; $40 million five-year revolver; $368 million seven-year term loan talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.75 for old money, OID 99.5 for new money, 101 soft call for six months; refinance existing debt and fund acquisition of South/Win; Memphis-based manufacturer and distributor of packaged automotive chemicals, lubricants and parts.

HUB INTERNATIONAL LTD.: Expected closing April 25; roughly $3.7 billion senior secured credit facilities (B2/B); Morgan Stanley, Bank of America, Barclays, BMO, Credit Suisse, Goldman Sachs, Macquarie and Nomura; $400 million five-year revolver; C$130 million five-year revolver; $3.21 billion seven-year covenant-light term B at Libor plus 300 bps, 25 bps step-down at 4.25x first-lien net leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; refinance existing debt; Chicago-based insurance brokerage.

HUNTERSTOWN GENERATION (KESTREL ACQUISITION LLC): $415 million of senior secured credit facilities (Ba3/BB); Morgan Stanley and Goldman Sachs; $40 million five-year revolver; $375 million seven-year term B talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; fund acquisition by Platinum Equity from GenOn Energy; 810 MW natural gas-fired combined cycle power plant located in Gettysburg, Pa.

HYDROCHEMPSC: $459 million first-lien term loan (B2/BB-) due Oct. 5, 2024 talked at Libor plus 375 bps, 1% Libor floor, 101 soft call for six months; Goldman Sachs; repricing; industrial cleaning and specialty maintenance provider.

INTERNATIONAL TEXTILE GROUP INC.: $710 million of term loans; Bank of America, Deutsche Bank, Goldman Sachs, Jefferies and HSBC; $585 million six-year covenant-light first-lien term loan (B1/B) at Libor plus 500 bps, 0% Libor floor, OID 99.5, 101 soft call; $125 million seven-year covenant-light second-lien term loan (B3/B-) at Libor plus 900 bps, 1% Libor floor, OID 97, non-call one, 102, 101; fund acquisition of American & Efird and refinance existing debt; Greensboro, N.C., manufacturer of industrial and technical threads and woven fabrics.

ISAGENIX INTERNATIONAL LLC: $375 million seven-year first-lien term loan (B2/BB-) talked at Libor plus 600 bps, 1% Libor floor, OID 98, 101 soft call; Credit Suisse and Macquarie; fund ESOP purchase of a minority stake; Gilbert, Ariz., nutrition and weight management company.

JO-ANN STORES LLC: $225 million six-year covenant-light second-lien term loan (Caa1/CCC+) talked at Libor plus 900 bps to 925 bps, 1% Libor floor, OID 98.5, call protection 102, 101; Bank of America; help refinance HoldCo senior PIK toggle notes; Hudson, Ohio, specialty retailer of fabrics and crafts.

KBR INC.: $2.2 billion senior secured credit facilities (B1/B+); Bank of America; $800 million seven-year covenant-light term B at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $400 million delayed-draw five-year term A; $500 million five-year revolver; $500 million five-year performance letter of credit facility; fund acquisition of SGT from Kamco Holdings, refinance existing revolver borrowings, fund share in a joint venture and general corporate purposes; Houston-based provider of full life-cycle professional services and technologies supporting the government services and hydrocarbons markets.

KEYW CORP.: $340 million senior secured credit facilities; RBC, Fifth Third, JPMorgan and SunTrust; $50 million five-year revolver (B1/B+); $215 million six-year first-lien term loan (B1/B+) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $75 million seven-year second-lien term loan (Caa1/B-) talked at Libor plus 825 bps to 850 bps, 1% Libor floor, OID 99, call protection 102, 101; refinance capital structure; Hanover, Md., total solutions provider for the Intelligence, Cyber and Counterterrorism communities.

LAIRD PLC: $1.026 billion credit facilities; Goldman Sachs, Citigroup, Bank of America, HSBC, Lloyds and NatWest; $133 million revolver (B2/B); $750 million seven-year first-lien term loan (B2/B) talked at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $143 million privately placed second-lien term loan; help fund buyout by Advent International Corp.; London-based provider of products and technology solutions used in network infrastructure, wireless connectivity, displays and industrial controls.

LEGALSHIELD: $750 million senior secured credit facilities; RBC, SunTrust, KKR, Capital One and BMO; $50 million revolver (B1/B); $550 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 325 bps, 25 bps step-down 0.5x inside closing first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $150 million eight-year covenant-light second-lien term loan (Caa1/B-) at Libor plus 750 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Stone Point Capital LLC from MidOcean Partners; Ada, Okla.-based provider of legal plans and identity theft solutions.

MAVENIR SYSTEMS: $610 million credit facilities (B2/B-); Goldman Sachs, JPMorgan, RBC and Deutsche Bank; $60 million revolver; $550 million seven-year first-lien term B talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt; provider of mission-critical network infrastructure software to mobile network operators.

MCDERMOTT INTERNATIONAL INC.: $2.26 billion seven-year first-lien term loan (Ba2/BB-) at Libor plus 500 bps, 1% Libor floor, OID 98, 101 soft call; Barclays, Credit Agricole, Goldman Sachs, MUFG, ABN Amro, RBC and Standard Chartered; refinance existing debt and cash collateralize letters of credit; Houston-based provider of integrated engineering, procurement, construction and installation, front-end engineering and design and module fabrication services for upstream field developments.

MICRON TECHNOLOGY INC.: Expected closing April 27; $736.9 million senior secured covenant-light term B (BBB-) due April 26, 2022 at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Morgan Stanley; repricing; Boise, Idaho, semiconductor company.

MIDCONTINENT COMMUNICATIONS: Roughly $381 million term B due December 2023 talked at Libor plus 200 bps, 101 soft call for six months; SunTrust; repricing; Sioux Falls, S.D., provider of cable television, local and long-distance digital telephone service and high-speed internet access.

NAI ENTERTAINMENT HOLDINGS LLC: $300 million seven-year covenant-light term B (B1/BB) at Libor plus 250 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Wells Fargo; refinance senior secured notes; motion picture company.

NES GLOBAL TALENT FINANCE US LLC: $205 million five-year first-lien term loan talked at Libor plus 550 bps, 1% Libor floor, OID 98, 101 soft call for six months; Credit Suisse; refinance existing debt and fund acquisitions; provider of specialty manpower solutions to the oil and gas, power, chemicals infrastructures and life sciences sectors.

NN INC.: $200 million term loan (Caa2/B-); SunTrust; help fund acquisition of PMG Intermediate Holding Corp. (Paragon Medical Inc.); Johnson City, Tenn., diversified industrial company.

ORION ENGINEERED CARBONS: $288 million senior secured first-lien term loan due July 25, 2024 talked at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs, Mediobanca and ING; also €331 million senior secured first-lien term loan due July 25, 2024 talked at Euribor plus 225 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; repricing; Frankfurt-based producer of carbon black.

OWENS & MINOR INC.: $500 million seven-year covenant-light term B (B1/BB) talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99; Bank of America, Wells Fargo, JPMorgan and SunTrust; also new term A; help fund acquisition of the surgical and infection prevention business of Halyard Health Inc.; Mechanicsville, Va., health care solutions company.

PERSPECTA INC.: $3.035 billion senior credit facilities (/BB/BBB-); MUFG, Bank of America, JPMorgan, Mizuho and RBC; $600 million revolver expected at Libor plus 162.5 bps to 175 bps; $500 million term A-1 expected at Libor plus 162.5 bps to 175 bps; $1.535 billion term A-2 expected at Libor plus 162.5 bps to 175 bps; $400 million term B talked at Libor plus 200 bps to 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; help fund spin-off from DXC Technology, refinance existing debt and general corporate purposes; mission-enabled, end-to-end IT services and mission solutions provider to government customers.

PROAMPAC: $225 million add-on term loan (B3/B) at Libor plus 350 bps, step-down to Libor plus 325 bps at 4.25x net first-lien leverage, 1% Libor floor; Antares and RBC; fund two near-term acquisitions; Cincinnati-based flexible packaging manufacturer.

R1 RCM INC.: Expected closing April 30 week; $295 million credit facilities (B1/B); Bank of America and Ares; $25 million five-year revolver; $270 million seven-year covenant-light term B talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of the healthcare division of Intermedix Corp.; Chicago-based provider of revenue cycle management and physician advisory services to healthcare providers.

SPEEDCAST INTERNATIONAL LTD.: $425 million seven-year covenant-light first-lien term loan (Ba3/BB-) talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, Citigroup, Credit Agricole, ING and Macquarie; refinance existing debt; Australia-based provider of telecommunications managed services.

SUNSOURCE: $285 million in term loans; Barclays (left on first-lien), Credit Suisse (left on second-lien), Deutsche Bank, Natixis, ING and UBS; $160 million incremental first-lien term loan (B2/B) due Dec. 11, 2024 talked at Libor plus 375 bps, 1% Libor floor, OID 99.75; $125 million eight-year covenant-light second-lien term loan (Caa1/CCC+) talked at Libor plus 775 bps, 1% Libor floor, OID 98.5, call protection 102, 101; fund acquisition of Ryan Herco and repay ABL borrowings; Addison, Ill., distributor of fluid power and motion control technologies.

SYNEOS HEALTH INC.: $1.525 billion first-lien term loan (Ba2/BB-) due Aug. 1, 2024 talked at Libor plus 200 bps, 25 bps step-down, 0% Libor floor, 101 soft call for six months; Credit Suisse; repricing; Raleigh, N.C., biopharmaceutical solutions provider.

U.S. SILICA HOLDINGS INC.: $1.38 billion credit facilities (B1/B+); BNP Paribas and Barclays; $100 million revolver; $1.28 billion seven-year term B at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; fund acquisition of EP Minerals LLC and refinance existing debt; Frederick, Md., producer of commercial silica used in the oil and gas industry, and in a wide range of industrial applications.

USI INC.: $200 million incremental covenant-light term B due May 16, 2024 at Libor plus 300 bps, 0% Libor floor; Bank of America, KKR, Citigroup, Macquarie and Morgan Stanley; fund acquisition of Key Insurance & Benefits Services Inc. and general corporate purposes; Valhalla, N.Y., insurance brokerage and consulting firm.

USIC HOLDINGS INC.: $742 million senior secured first-lien term loan (including $75 million add-on) (B) due December 2023 talked at Libor plus 325 bps, 1% Libor floor, OID 99.5 on add-on, 101 soft call for six months; Goldman Sachs, Morgan Stanley and Antares; repricing, mergers & acquisitions and general corporate purposes; Indianapolis-based provider of underground utility locating services.

WEST CORP.: $700 million term B-1 (B/BB+) due Oct. 10, 2024 at Libor plus 350 bps, 25 bps step-down at 3.5x net secured leverage, 1% Libor floor, OID 99.875, 101 soft call for six months; Credit Suisse and RBC; fund acquisition of Nasdaq Inc.’s public relations and webcasting and webhosting products and services businesses and refinance notes; Omaha-based provider of communication and network infrastructure services.

WYNDHAM HOTELS & RESORTS INC.: $1.6 billion seven-year covenant-light term B (Baa3/BBB-) at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Bank of America, Barclays, Deutsche Bank, Credit Suisse, Goldman Sachs, Wells Fargo, SunTrust, Scotia, MUFG and US Bank; help fund acquisition of La Quinta Holdings Inc.’s hotel franchise and hotel management businesses; Parsippany, N.J., hotel franchisor.

On The Horizon

8POINT3 ENERGY PARTNERS LP: $1.16 billion in loans; MUFG, Massachusetts Mutual, KeyBanc and Commonwealth Bank of Australia; $1.1 billion term loan; up to $60 million letter of credit facility; help fund acquisition by Capital Dynamics Inc.; San Jose, Calif.-based owner, operator and acquirer of solar energy generation projects.

ALTRA INDUSTRIAL MOTION CORP.: $1.64 billion senior secured credit facilities; Goldman Sachs; $300 million revolver; $1.34 billion in term loans; help fund combination with four operating companies from Fortive’s Automation and Specialty platform; Braintree, Mass., designer, producer and marketer of a wide range of electromechanical power transmission and motion-control products.

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.

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.

BRAZOS MIDSTREAM: $950 million credit facilities; Jefferies and RBC; $50 million revolver; $900 million term loan; help fund buyout by North Haven Infrastructure Partners II; Fort Worth, Texas, natural gas and crude oil midstream company.

COMMERCEHUB INC.: $465 million senior secured credit facilities; Jefferies, Golub and KKR; $30 million revolver; $290 million first-lien term loan; $145 million privately-placed second-lien term loan; help fund buyout by GTCR and Sycamore Partners; Albany, N.Y., distributed commerce network for retailers and brands.

DANA INC.: $250 million incremental term A; Credit Suisse, Barclays, and Citigroup; help fund acquisition of the Driveline division of GKN plc to create Dana plc; supplier of drivetrain, sealing and thermal-management technologies.

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.

GMS INC. (GYP HOLDINGS III CORP.): $425 million of incremental term loans; Barclays and Credit Suisse; $375 million incremental covenant-light first-lien term loan (B2) due April 1, 2023 expected at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; $50 million incremental covenant-light second-lien term loan due April 1, 2024 expected at Libor plus 550 bps, 0% Libor floor, call protection 102 from six months to one year, 101; help fund acquisition of WSB Titan from current management and TorQuest Partners; Tucker, Ga., distributor of wallboard and suspended ceilings systems.

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.

LUMENTUM HOLDINGS INC.: $550 million seven-year senior secured covenant-light term B expected at Libor plus 250 bps, 25 bps step-down at 0.5 times inside closing first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank; help fund acquisition of Oclaro Inc.; Milpitas, Calif., provider of photonics products for optical networking and lasers for industrial and consumer markets.

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.

MGM GROWTH PROPERTIES LLC: New debt financing; help fund acquisition of Hard Rock Rocksino Northfield Park from Milstein Entertainment LLC; Las Vegas-based real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts.

MICROCHIP TECHNOLOGY INC.: Up to $5 billion seven-year senior secured covenant-light term B expected at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; help fund acquisition of Microsemi Corp.; Chandler, Ariz., manufacturer of microcontroller, memory and analog semiconductors.

OMNIA PARTNERS: $565 million credit facilities; Barclays and Ares; $30 million revolver; $390 million first-lien term loan; $145 million second-lien term loan; help fund acquisition of Communities Program Management LLC (U.S. Communities Government Purchasing Alliance); Franklin, Tenn., group purchasing organization.

PAYSAFE: New debt financing; Credit Suisse; help fund acquisition of iPayment Holdings Inc.; Isle of Man-based provider of end-to-end payment solutions.

PCI GAMING AUTHORITY (WIND CREEK HOSPITALITY): New debt financing; Credit Suisse; help fund acquisition of Sands Casino Resort in Bethlehem, Pa., from Las Vegas Sands Corp.; owner and operator of gaming and entertainment facilities.

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.

PLANTRONICS: New debt financing; Wells Fargo; help fund acquisition of Polycom; Santa Cruz, Calif., audio communications company.

STARS GROUP INC.: $5.5 billion credit facilities; Deutsche Bank, Goldman Sachs, Macquarie and Morgan Stanley; help fund acquisition of Sky Betting & Gaming from CVC Capital Partners and Sky plc, and refinance debt; Toronto-based provider of technology-based products and services in the gaming and interactive entertainment industries.

TENNECO: $4.9 billion credit facilities; JPMorgan and Barclays; $1.5 billion five-year revolver; $1 billion five-year term A; $2.4 billion seven-year term B; help fund acquisition of Federal-Mogul from Icahn Enterprises LP and refinance existing debt; Lake Forest, Ill., designer, manufacturer and marketer of ride performance and clean air products and systems for automotive and commercial vehicle original equipment markets and the aftermarket.

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.

TRANSUNION LLC: New debt financing; help fund acquisition of Callcredit; Chicago-based provider of information management and risk management services.

VERIFONE SYSTEMS INC.: New debt financing; Credit Suisse, Barclays and RBC; help fund buyout by investor group led Francisco Partners; San Jose, Calif., company that makes secure electronic payment equipment.

VETS FIRST CORP.: New debt financing; fund a special dividend in connection with spinoff of animal health business from Henry Schein Inc. and merger with Vets First Choice; animal health service and technology platform dedicated to supporting the veterinary market.


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