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Published on 7/15/2019 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $34.4707 billion deals being marketed

July Bank Meetings

GEMS EDUCATION: Bank meeting July 16 in NY, July 17 in London; $850 million first-lien term B (including TBD euro tranche) (B2/B/B+); Goldman Sachs, Credit Suisse, Citigroup and HSBC; help refinance existing debt following acquisition of a minority stake by a CVC Capital Partners-led consortium; Dubai-based provider of private K-12 education.

MIDCONTINENT COMMUNICATIONS: Lender call July 17; $685 million seven-year covenant-lite first-lien term B talked at Libor plus 225 bps, 0% Libor floor, OID 99.5; SunTrust, Wells Fargo, CoBank, TD Securities and MUFG; repay an existing term loan and notes; Sioux Falls, S.D., provider of cable television, digital telephone service and high-speed internet access.

NASCAR HOLDINGS INC.: Bank meeting July 16; $1.41 billion first-lien term loan; Goldman Sachs, BofA Securities and PNC; help fund acquisition of International Speedway Corp.; Daytona Beach, Fla., sports sanctioning body and provider of news, statistics, and information services on races, drivers, teams, and industry events.

SELECT MEDICAL CORP.: Lender call July 16; $400 million add-on term loan B talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan; repay revolver borrowings and general corporate purposes; Mechanicsburg, Pa., health care company.

SOTERA HEALTH HOLDINGS LLC: Lender call July 16; $320 million senior secured incremental first-lien term loan due May 15, 2022, 101 soft call for six months; Jefferies; fund a distribution to shareholders; Broadview Heights, Ohio, provider of mission-critical health sciences, lab services and sterilization solutions for the healthcare industry.

TOTAL SAFETY: Bank meeting July 18; $480 million credit facilities; Goldman Sachs, Citizens and Credit Suisse; $75 million ABL revolver; $330 million first-lien term loan; $75 million delayed-draw first-lien term loan; fund the acquisition of Sprint Safety and refinance existing debt at Total Safety; Houston-based outsourced provider of outsourced safety and compliance solutions to clients operating in hazardous environments in the refining and petrochemical end-markets.

UNITED ROAD SERVICES INC.: Lender call July 16; $92 million incremental covenant-lite first-lien term loan due September 2024 talked at Libor plus 525 bps, 1% Libor floor, OID 98.88; Credit Suisse; fund tuck-in acquisitions; Romulus, Mich., provider of vehicle transport and logistics.

WAWONA PACKING CO./GERAWAN FARMING (MVK INTERMEDIATE HOLDINGS LLC): Bank meeting July 16; $395 million credit facilities; RBC, Rabobank and Jefferies; $60 million revolver; $335 million OpCo term loan; help fund merger of the companies; fresh fruit company.

Upcoming Closings

ADVISOR GROUP INC.: $1.425 billion credit facilities (B1); UBS, Goldman Sachs, Barclays, Deutsche Bank, Credit Suisse, RBC, BofA Securities and SunTrust; $225 million revolver; $1.2 billion first-lien term loan talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Reverence Capital Partners; Phoenix, Ariz., wealth management platform.

ANCHOR PACKAGING LLC: $545 million credit facilities; Credit Suisse, Goldman Sachs, Nomura, Antares and Neuberger Berman; $60 million revolver (B2/B); $320 million seven-year covenant-lite first-lien term loan (B2/B) at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $70 million delayed-draw seven-year covenant-lite first-lien term loan (B2/B) at Libor plus 400 bps, 0% Libor floor, OID 99.5; $95 million privately placed second-lien term loan; help fund buyout by the Jordan Co.; Ballwin, Mo., producer of polypropylene rigid takeout containers.

ARISGLOBAL (ATHOS MERGER SUB LLC): $270 million credit facilities (B2/B-); Credit Suisse; $30 million revolver; $240 million seven-year covenant-lite first-lien term loan talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Nordic Capital; Coral Gables, Fla., developer of cloud-based software for pharmaceutical and R&D companies.

BIOSCRIP/OPTION CARE ENTERPRISES INC. (HC GROUP HOLDINGS II LLC): $1.075 billion senior secured credit facilities; BofA Securities; $925 million seven-year covenant-lite first-lien term loan (B2/B-) at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call; $150 million five-year asset-based revolver at Libor plus 250 bps; help fund merger; provider of home and alternate treatment site infusion therapy services.

BOYD CORP. (LTI HOLDINGS INC.): $125 million seven-year incremental first-lien term loan (B2) talked at Libor plus 475 bps, step-downs based on leverage and an IPO, 0% Libor floor, OID 96; JPMorgan; fund acquisition of Lytron Inc.; Pleasanton, Calif., provider of highly engineered thermal management and environmental sealing solutions.

BRP INC.: Expected closing July 22 week; $335 million incremental term B-2 (BB) due May 23, 2025 at Libor plus 250 bps, 0% Libor floor, OID 99, 101 soft call for six months; RBC and BMO; fund a substantial issuer bid to purchase subordinate voting shares and general corporate purposes; Valcourt, Quebec, designer, manufacturer, distributor and marketer of motorized recreational vehicles and powersports engines.

CLEARWATER PAPER CORP.: $550 million credit facilities; JPMorgan; $300 million seven-year term B (Ba1/BB+) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $250 million asset-based revolver; refinance existing revolver; Spokane, Wash., pulp and paper product manufacturer.

CONSOLIDATED PRECISION PRODUCTS CORP. (WP CPP HOLDINGS LLC): $322 million of term loans; Morgan Stanley; $192 million add-on covenant-lite term B (B2/B) due April 2025 talked at Libor plus 375 bps, 1% Libor floor, OID 99.25; $50 million delayed-draw term loan and $80 million second-lien term loan, which have been placed with Carlyle; support a recapitalization transaction with Berkshire Partners and Warburg Pincus and acquisition of Allegheny Technologies Inc.’s Cast Products business; Cleveland-based manufacturer of engineered components and subassemblies primarily for the commercial aerospace, defense and industrial gas turbine markets.

COREL CORP.: $745 million senior secured credit facilities; Citigroup, KKR and Barclays; $60 million revolver (B2/B-); $485 million seven-year covenant-lite first-lien term loan (B2/B-) at Libor plus 500 bps, 0% Libor floor, OID 95, 101 soft call; $200 million privately placed second-lien term loan; help fund buyout by KKR from Vector Capital; Ottawa-based software company.

ELECTRONICS FOR IMAGING INC.: $1.2 billion credit facilities; RBC (left on first-lien), KKR (left on second-lien), Deutsche Bank, Barclays, Credit Suisse, Macquarie, BNP Paribas and Societe Generale; $100 million revolver (B2/B-); $875 million seven-year first-lien term loan (B2/B-) at Libor plus 500 bps, 0% Libor floor, OID 95, 101 soft call; $225 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 900 bps, 0% Libor floor, OID 95, call protection 102, 101; help fund buyout by Siris Capital Group LLC; Fremont, Calif., technology company focused on the transformation to digital imaging from analog.

ENSEMBLE HEALTH PARTNERS: $672 million seven-year first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99; Goldman Sachs, Antares, Citigroup, Deutsche Bank and Guggenheim; help fund buyout of a majority stake by Golden Gate Capital from Bon Secours Mercy Health; revenue cycle management provider.

GARDA WORLD SECURITY CORP.: $194.5 million incremental first-lien term B due May 26, 2024 talked at Libor plus 350 bps, 1% Libor floor, OID 99.05, 101 soft call for six months; Barclays; fund acquisitions, including Whelan Security and CPS Security; Montreal-based provider of cash logistics and security solutions.

GLASS MOUNTAIN PIPELINE HOLDINGS LLC: Roughly $129 million incremental term B (B-) due December 2024 talked at Libor plus 550 bps, 1% Libor floor, OID 98, 101 soft call; Barclays and Morgan Stanley; general corporate purposes; also revising existing term B spread to match incremental; multi-play crude oil transportation system located in the Stack/Merge, Granite Wash and Mississippi Lime plays.

GOLDEN HIPPO (ALTERN MARKETING LLC): $275 million credit facilities; Barclays and Macquarie; up to $25 million asset-based revolver; $250 million six-year first-lien term B talked at Libor plus 850 bps, step-down to Libor plus 800 bps based on leverage, 1% Libor floor, OID 98, call protection 102, 101; fund the cash consideration to shareholders in connection with the company’s contemplated sale to an Employee Stock Ownership Plan; Woodland Hills, Calif., developer and distributor of branded health & wellness and beauty products.

GROCERY OUTLET INC. (GOBP HOLDINGS INC.): $475.2 million covenant-lite first-lien term B (B2/B+) due Oct. 22, 2025 talked at Libor plus 325 bps to 350 bps, 0% Libor floor, 101 soft call for six months; Morgan Stanley; repricing; Emeryville, Calif., grocery store operator.

INEOS ENTERPRISES: €1.7 billion equivalent credit facilities; Barclays, BNP Paribas and NatWest; €525 million equivalent U.S. seven-year term B (Ba3/BB) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; €525 million seven-year term B (Ba3/BB) talked at Euribor plus 325 bps to 350 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; €350 million five-year term A (Ba3/BB); €300 million three-year receivables securitization facility; fund acquisitions and refinance existing debt; London-based producer of intermediate chemicals.

INSURITY INC.: $570 million credit facilities; Jefferies and BofA Securities; $40 million five-year revolver (B2/B-); $370 million seven-year first-lien term loan (B2/B-) talked at Libor plus 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; $160 million privately placed eight-year second-lien term loan; help fund buyout by GI Partners; Hartford, Conn., software platform for the property & casualty insurance industry.

ION MEDIA NETWORKS: $1.366 billion covenant-lite first-lien term B (B1/BB-) due December 2024 talked at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Morgan Stanley, Goldman Sachs and JPMorgan; extend existing term loan and fund a distribution to shareholders; West Palm Beach, Fla., television broadcast network.

LOPAREX INTERNATIONAL: $600 million credit facilities; Jefferies, Barclays and Nomura; $50 million five-year revolver (B2); $390 million seven-year first-lien term loan (B2) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; $160 million eight-year second-lien term loan (Caa2) talked at Libor plus 850 bps, 0% Libor floor, OID 98 to 98.5, call protection 102, 101; help fund buyout by Pamplona Capital Management from Intermediate Capital Group; manufacturer of silicone release liners.

MANNINGTON MILLS: Expected closing July 22 week; $425 million credit facilities; RBC and SunTrust on term loan, BofA Securities on revolver; $125 million asset-based revolver; $300 million seven-year term B (B1/BB-) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99; refinance existing debt; Salem, N.J., manufacturer of flooring solutions.

NESTLE SKIN HEALTH: CHF $5.395 billion equivalent credit facilities; Credit Suisse (left on U.S.), Deutsche Bank (left on euro), Goldman Sachs, Barclays, BofA Securities, RBC, Mizuho, Credit Agricole, Jefferies and UBS; CHF 2.47 billion U.S. equivalent (about $2.53 billion) seven-year covenant-lite first-lien term loan talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; CHF 1.075 billion euro equivalent (about €970 million) seven-year covenant-lite first-lien term loan talked at Euribor plus 400 bps to 425 bps, 0% floor, OID 99.5, 101 soft call for six months; CHF 500 million revolver; pre-placed CHF 945 million U.S. equivalent second-lien term loan; pre-placed CHF 405 million euro equivalent second-lien term loan; help fund buyout by a consortium led by EQT and ADIA from Nestle SA; Lausanne, Switzerland, skincare company.

NEXSTAR MEDIA GROUP INC.: $3.74 billion of incremental term loans (Ba3/BB); BofA Securities, Credit Suisse, Deutsche Bank, MUFG, SunTrust, BNP Paribas, Citigroup, Citizens, Fifth Third, Goldman Sachs, Mizuho, Regions Bank and Capital One; $675 million five-year incremental term A at Libor plus 175 bps; $3.065 billion seven-year covenant-lite incremental term B at Libor plus 275 bps, step-down to Libor plus 250 bps at 0.75x inside closing net first-lien leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Tribune Media Co.; Irving, Texas, diversified media company.

NUVEI TECHNOLOGIES CORP.: $894 million credit facilities; BMO, Antares and Capital One; $50 million revolver (B2/B-); $619 million first-lien term loan (B2/B-) at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call; $225 million second-lien term loan (Caa2/CCC) at Libor plus 900 bps, 1% Libor floor, OID 98, call protection 102, 101; fund acquisition of SafeCharge International Group Ltd.; Montreal-based payment technology company.

OUTPUT SERVICES GROUP INC. (OSG BILLING SERVICES): Roughly $497 million equivalent of term loans; Barclays; roughly $232 million equivalent sterling-denominated incremental first-lien term loan (B3) due March 2024 talked at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; roughly $265 million second-lien term loan (Caa3) due September 2024 talked at Libor plus 875 bps to 900 bps, 1% Libor floor, OID 97.5, call protection 102, 101; take out the existing M&A financing and bring Communisis into the existing financing credit group; Ridgefield Park, N.J., provider of billing and customer communications services.

PHI INC.: $225 million exit financing five-year term B at Libor plus 700 bps, 1% Libor floor, OID 98, non-call one, 102, 101; Credit Suisse; refinance existing debt and general corporate purposes; Lafayette, La., provider of helicopter aviation services.

PIKE CORP.: $1.02 billion seven-year covenant-lite first-lien term B (B) talked at Libor plus 350 bps, 1% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; Morgan Stanley; refinance existing debt and fund an acquisition; Mount Airy, N.C., specialty construction and engineering firm.

PLZ AEROSCIENCE CORP.: $719 million credit facilities; Antares and BMO; $75 million five-year revolver; $644 million seven-year covenant-lite term loan talked at Libor plus 350 bps, step-down to Libor plus 325 bps at less than 3.75x total net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; Downers Grove, Ill., producer of specialty aerosol products.

PREGIS LLC: $955 million credit facilities; Credit Suisse, Barclays, Deutsche Bank, Morgan Stanley and UBS; $125 million revolver (B2/B); $615 million seven-year covenant-lite first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; $215 million privately placed second-lien term loan; help fund buyout by Warburg Pincus from Olympus Partners; Deerfield, Ill., protective packaging materials and automated systems manufacturer.

PRESS GANEY ASSOCIATES INC. (EMERALD TOPCO INC.): $1.5 billion credit facilities (B2/B); Barclays, Citigroup, Goldman Sachs, JPMorgan, BMO and Deutsche Bank; $250 million revolver; $1.25 billion seven-year first-lien term loan talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Leonard Green & Partners LP and Ares Management Corp.; South Bend, Ind., provider of patient experience measurement and performance improvement solutions to healthcare organizations.

SINCLAIR BROADCAST GROUP INC. (DIAMOND SPORTS GROUP LLC)/SINCLAIR TELEVISION GROUP: $4.3 billion credit facilities; JPMorgan, Deutsche Bank, RBC and BofA Securities; $300 million five-year revolver at Broadcast; $3.3 billion seven-year term B (Ba2/BB) at Broadcast talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; $700 million seven-year incremental term B (BB+) at Television talked at Libor plus 300 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; help fund acquisition of 21 Regional Sports Networks and Fox College Sports from the Walt Disney Co.; Hunt Valley, Md., television broadcasting company.

SNAPAV: $390 million incremental first-lien term loan (B3/B) talked at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; UBS, SunTrust and BMO; help fund acquisition of Control4 Corp.; Charlotte, N.C., manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators.

SRAM LLC: $150 million add-on delayed-draw term B (BB-) talked at Libor plus 275 bps, 1% Libor floor, OID 99 to 99.5; JPMorgan; fund a distribution to shareholders; Chicago-based bicycle components company.

TENEO HOLDINGS LLC: $370 million six-year first-lien term loan (B2/B) at Libor plus 525 bps, 1% Libor floor, OID 96, 101 soft call; Goldman Sachs, Morgan Stanley and Nomura; help fund buyout by CVC Capital Partners from BC Partners; New York-based provider of strategic communications, investment banking, business intelligence, financial analytics, executive recruiting, management consulting and corporate restructuring advisory services.

U.S. RENAL CARE INC.: $1.75 billion credit facilities (B2/B); Barclays, BofA Securities, BMO, Macquarie, RBC and SunTrust; $150 million revolver; $1.6 billion first-lien term B at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call; help fund buyout by investor group led by Chris Brengard and management, along with Bain Capital Private Equity, Summit Partners, Revelstoke Capital Partners and Mark Caputo; Plano, Texas, provider of dialysis services.

WEST DEPTFORD ENERGY HOLDINGS LLC: $500 million credit facilities (BB-); Credit Suisse; $55 million revolver; $445 million seven-year first-lien term B talked at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt and fund a shareholder distribution; 744 MW gas-fired combined-cycle power generation facility.

WHATABRANDS LLC: $1.53 billion senior secured credit facilities (B1/B+); Morgan Stanley, UBS and Credit Suisse; $200 million five-year revolver; $1.33 billion seven-year covenant-lite first-lien term B talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout of Whataburger by BDT Capital Partners LLC; San Antonio, Texas, restaurant company.

On The Horizon

BUCKEYE PARTNERS LP: $2.85 billion senior secured credit facilities; Credit Suisse, Goldman Sachs, BofA Securities, CIBC, MUFG, National Australia Bank, SunTrust and TD Securities; $600 million revolver; $2.25 billion term loan; help fund buyout by IFM Investors; Houston-based owner and operator of integrated midstream assets.

CENTURY CASINOS INC.: $180 million senior secured credit facilities; Macquarie; $10 million five-year revolver; $170 million seven-year term loan; fund acquisition of the operations of Isle Casino Cape Girardeau, Lady Luck Caruthersville and Mountaineer Casino, Racetrack and Resort from Eldorado Resorts Inc.; Colorado Springs, Colo., casino entertainment company.

DEL FRISCO’S RESTAURANT GROUP INC.: New debt financing; help fund buyout by L Catterton; Irving, Texas, restaurant company.

EDGEWELL PERSONAL CARE CO.: $1.6 billion senior secured credit facilities; BofA Securities; $400 million revolver; $400 million term A; $800 million term B; help fund acquisition of Harry’s Inc.; Shelton, Conn., consumer products company.

ELDORADO RESORTS INC./CAESARS ENTERTAINMENT CORP.: $6.4 billion credit facilities; JPMorgan (left on Eldorado), Credit Suisse (left on Caesars) and Macquarie; $1 billion revolver at Eldorado expected at Libor plus 325 bps, 0% Libor floor; $3 billion seven-year covenant-lite term B at Eldorado expected at Libor plus 350 bps, 0% Libor floor, 101 soft call for six months; $2.4 billion seven-year covenant-lite term B at Caesars Resorts Collection expected at Libor plus 325 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of Caesars; Reno, Nev., gaming company.

EXTREME NETWORKS INC.: $455 million five-year credit facilities; BMO; $75 million revolver expected at Libor plus 325 bps; $380 million term loan expected at Libor plus 325 bps; help fund acquisition of Aerohive Networks Inc., refinance some existing debt and general corporate purposes; San Jose, Calif., provider of network infrastructure equipment.

GENESEE & WYOMING INC.: $3.15 billion senior secured credit facilities; Credit Suisse, Wells Fargo, Citigroup and RBC; $600 million revolver; $2.55 billion of term loans; help fund buyout by Brookfield Infrastructure and GIC; Darien, Conn., owner of short line railroads.

GOODNIGHT MIDSTREAM: New debt financing; help fund buyout by TPG Capital from Tailwater Capital and private investors; Dallas-based midstream provider of oilfield water management infrastructure.

HEALTHEQUITY INC.: $1.61 billion senior secured credit facilities; Wells Fargo; $200 million five-year revolver expected at Libor plus 225 bps, 0% Libor floor; $1.41 billion seven-year covenant-lite term loan expected at Libor plus 300 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of WageWorks Inc. and refinance existing debt; Draper, Utah, provider of solutions for managing health-care accounts, health reimbursement arrangements and flexible spending accounts.

HOWDEN: New debt financing; JPMorgan, Barclays, BNP Paribas, RBC and HSBC; help fund buyout by KPS Capital Partners LP from Colfax Corp.; Glasgow, Scotland, provider of mission critical air and gas handling products and services to the industrial, power, oil & gas and mining industries.

INMARSAT: $3.3 billion credit facilities; Barclays, BofA Securities and UBS; $600 million five-year revolver expected at Libor plus 350 bps, 0% Libor floor; $2.5 billion seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 0% Libor floor, 101 soft call for six months; up to $200 million seven-year first-lien delayed-draw covenant-lite term loan expected at Libor plus 425 bps, 0% Libor floor; help fund buyout by Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board; London-based satellite telecommunications company.

NORTHWEST FIBER LLC: New debt financing; help fund acquisition of Frontier Communications Corp.’s operations and associated assets in Washington, Oregon, Idaho and Montana by WaveDivision Capital LLC and Searchlight Capital Partners LLC.

RANPAK CORP. (ONE MADISON CORP.): New senior secured credit facilities; Goldman Sachs; $45 million five-year revolver; $289.2 million seven-year covenant-lite first-lien term loan; €140 million first-lien term loan; help fund acquisition by One Madison Corp. from Rhône Capital; Concord Township, Ohio, provider of fiber-based, environmentally sustainable protective packaging solutions.

SHUTTERFLY INC.: New debt financing; Barclays, Citigroup and SunTrust; help fund buyout by Apollo Global Management LLC; Redwood City, Calif., retailer and manufacturing platform for personalized products and communications.

SOTHEBY’S: $1.1 billion senior secured credit facilities; BNP Paribas; $300 million revolver; $800 million term loan (could include delayed-draw piece); also $450 million senior secured asset sale bridge term loan; help fund buyout by BidFair USA; New York-based auction house.

T-MOBILE USA INC.: $11 billion senior secured credit facilities; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, RBC, BNP Paribas, Commerzbank, Credit Agricole, TD Securities and Wells Fargo on revolver; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and RBC on term loan; $4 billion five-year revolver expected at Libor plus 125 bps, 0% Libor floor; $7 billion seven-year covenant-lite term loan expected at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; refinance existing debt in connection with merger with Sprint Corp. and fund working capital needs; Bellevue, Wash., communications services company.

TOWN SPORTS INTERNATIONAL LLC: New credit facilities; revolver; term loan; refinance existing bank debt and general corporate purposes; Jupiter, Fla., owner and operator of fitness clubs.

US FOODS HOLDING CORP.: $1.5 billion seven-year incremental senior secured term loan; JPMorgan and BofA Securities; help fund acquisition of SGA’s Food Group of Companies; Rosemont, Ill., food company and foodservice distributor.

WESTJET AIRLINES LTD.: New debt financing; Barclays, Morgan Stanley and RBC; help fund buyout by Onex Corp.; Calgary-based airline company.

ZAYO GROUP HOLDINGS INC.: $6.74 billion senior secured credit facilities; Credit Suisse, Morgan Stanley, Citigroup, Deutsche Bank, SunTrust and TD Securities; $500 million multi-currency revolver; $6.24 billion of term loans; help fund buyout by Digital Colony Partners and the EQT Infrastructure IV fund and refinance existing debt; Boulder, Colo., provider of mission-critical bandwidth to companies.


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