Bank Loan Calendar: $30.203 billion deals being marketed

JULY BANK MEETINGS

CALIFORNIA PIZZA KITCHEN INC.: $365 million senior secured credit facility; GE Capital and Jefferies on first-lien, Wilmington Trust on second-lien; $260 million six-year term loan expected at Libor plus 425 bps, 1.25% Libor floor; $30 million five-year revolver expected at Libor plus 425 bps, 1.25% Libor floor, 50 bps unused fee; $75 million seven-year second-lien term loan at Libor plus 825 bps, 1.25% Libor floor; help fund already completed buyout by Golden Gate Capital; Los Angeles-based casual dining chain.

CLEMENT PAPPAS AND CO. INC.: Bank meeting July 20; $280 million credit facility; Jefferies and BMO; $50 million five-year ABL revolver; $230 million six-year term B; help fund buyout by Lassonde Industries Inc.; Carneys Point, N.J., producer of store brand ready to drink fruit juices, drinks and sauces.

INSIGHT GLOBAL INC.: Bank meeting July 18; $177 million credit facility (B1/B+); BNP Paribas; $20 million revolver; $157 million term B; refinance senior and mezzanine debt; Atlanta-based Information Technology employment firm.

OCWEN FINANCIAL CORP.: Bank meeting July 19; $575 million senior secured term loan (B); Barclays; help fund acquisition of Litton Loan Servicing LP; Atlanta-based provider of residential and commercial loan servicing, special servicing and asset management services.

UPCOMING CLOSINGS

ALKERMES INC.: $450 million of covenant-light term loans; Morgan Stanley and HSBC; $310 million six-year first-lien term B (BB) at Libor plus 525 bps, 1.5% Libor floor, OID 99, 101 soft call; $140 million seven-year second-lien term C (B) at Libor plus 800 bps, 1.5% Libor floor, OID 98, call protection 103, 102, 101; help fund merger with Elan Drug Technologies to create Dublin, Ireland-based Alkermes plc; Waltham, Mass., biotechnology company.

ARDENT HEALTH SERVICES LLC: $200 million term B add-on (B1/B) due September 2015 talked at Libor plus 500 bps to 525 bps, 1.5% Libor floor, OID 981/2, 101 soft call; Bank of America, Barclays and GE Capital; fund acquisitions of hospitals; Nashville, Tenn., operator of acute care hospitals and specialty care facilities.

ASHLAND INC.: $3.9 billion credit facility (BB); Citigroup, Scotia Capital, Bank of America and U.S. Bank; $1 billion five-year revolver at Libor plus 225 bps; $1.5 billion five-year term A at Libor plus 225 bps; $1.4 billion seven-year term B at Libor plus 275 bps, 1% Libor floor, OID 993/4, 101 soft call; help fund acquisition of International Specialty Products Inc.; Covington, Ky., provider of specialty chemical products and services.

AUTOPARTS HOLDINGS LTD.: $730 million senior secured credit facility; Credit Suisse, HSBC and Nomura; $50 million five-year revolver (B1/B+) talked at Libor plus 500 bps, 1.5% Libor floor, OID 99; $530 million six-year first-lien term loan (B1/B+) talked at Libor plus 500 bps, 1.5% Libor floor, OID 99, 101 soft call; $150 million 61/2-year second-lien term loan (Caa1/B-) talked at Libor plus 900 bps, 1.5% Libor floor, OID 99, call protection 103, 102, 101; help fund buyout by Rank Group from Honeywell; Danbury, Conn., supplier to the light and heavy-duty vehicle aftermarket for replacement parts.

CAPSUGEL: $1.07 billion senior secured credit facility (B1); UBS, Barclays, Deutsche Bank, KKR Capital Markets and Mizuho; $150 million five-year revolver talked at Libor plus 450 bps, 1.25% Libor floor; $920 million seven-year term B talked at Libor plus 450 bps, 1.25% Libor floor, OID 99, 101 soft call; help fund buyout by Kohlberg Kravis Roberts & Co LP from Pfizer Inc.; Peapack, N.J.-based manufacturer of hard capsules and drug-delivery systems.

CHIQUITA BRANDS INTERNATIONAL INC.: $400 million senior secured credit facility (Ba2/BB-); Rabobank; $150 million revolver talked at Libor plus 275 bps; $250 million term loan talked at Libor plus 300 bps; refinance existing bank debt and tender for notes; Cincinnati-based marketer and distributor of fresh and value-added food products.

CUMULUS MEDIA INC.: $2.415 billion senior secured credit facility; JPMorgan, UBS, Macquarie, RBC and ING; $375 million five-year revolver; $1.25 billion seven-year first-lien term loan talked at Libor plus 425 bps to 450 bps, 1.25% Libor floor, OID 99, 101 soft call; $790 million 71/2-year second-lien term loan talked at Libor plus 600 bps, 1.5% Libor floor, OID 981/2, non-call one, 103, 102, 101; help fund acquisition of Citadel Broadcasting Corp. and refinance debt; Atlanta-based radio broadcaster.

DG FASTCHANNEL INC.: Up to $640 million credit facility (B1/BB-); JPMorgan and Bank of America; up to $150 million five-year revolver; $490 million seven-year term B talked at Libor plus 425 bps to 450 bps, 1.25% Libor floor, OID 99 to 991/2, 101 soft call; help fund acquisition of MediaMind Technologies Inc.; Irving, Texas, provider of digital media services to the advertising, entertainment and broadcast industries.

DYNEGY INC.: $1.7 billion of senior secured term loans; Credit Suisse and Goldman Sachs; $1.3 billion six-year term loan (B2) at GasCo talked at Libor plus 650 bps, 1.5% Libor floor, OID 99, call protection 103, 102, 101; $400 million six-year term loan at CoalCo talked at Libor plus 775 bps, 1.5% Libor floor, OID 98, non-call two, 102, 101; refinance existing debt, fund a restricted payment, fund cash collateralized letters of credit and cash collateral, and general working capital and general corporate purposes; Houston-based producer and seller of electric energy, capacity and ancillary services.

EIG GLOBAL ENERGY PARTNERS: $100 million secured term loan facility due in 2016; Goldman Sachs; invest in funds managed by the company and continue expansion of global platform; Washington, D.C.-based institutional investor to the energy sector.

EVANS ANALYTICAL GROUP: $150 million credit facility; GE Capital Markets; $15 million revolver at Libor plus 450 bps, 1.5% Libor floor, OID 991/2; $135 million term loan at Libor plus 450 bps, 1.5% Libor floor, OID 991/2, 101 soft call; refinance existing debt; Sunnyvale, Calif., laboratory network.

GEO SPECIALTY CHEMICALS INC.: $100 million to $120 million term loan; Goldman Sachs; refinance existing debt and fund a potential acquisition; Lafayette, Ind., producer of specialty chemicals.

HAWAIIAN TELCOM HOLDCO INC.: $330 million credit facility; Credit Suisse leading term loan, First Hawaiian Bank providing revolver; $300 million six-year term loan (B1/B-) talked at Libor plus 550 bps, 1.25% Libor floor, OID 99, 101 soft call; $30 million revolver (Ba1/B+); refinance and extend existing term loan; Honolulu, Hawaii, provider of integrated communications services.

HENNIGES AUTOMOTIVE: $155 million credit facility (B1/B); Credit Suisse, Macquarie and PNC; $20 million five-year revolver talked at Libor plus 600 bps, 1.5% Libor floor, OID 99; $135 million six-year term loan talked at Libor plus 600 bps, 1.5% Libor floor, OID 99, 101 soft call protection; refinance debt and fund a dividend; Farmington Hills, Mich., provider of sealing system services to the automotive market.

INMAR INC.: $240 million senior secured credit facility (B1/B+); Wells Fargo and JPMorgan; $210 million term B talked at Libor plus 475 bps, 1.25% Libor floor, OID 99, 101 soft call; $30 million revolver talked at Libor plus 450 bps; refinance existing debt and fund a dividend; Winston-Salem, N.C., connecter of trading partners through consulting, software services and operations.

IPREO HOLDINGS LLC: $170 million credit facility (B1); RBC; $20 million revolver talked at Libor plus 650 bps, 1.5% Libor floor, OID 98; $150 million term loan talked at Libor plus 650 bps, 1.5% Libor floor, OID 98, 101 soft call; help fund buyout by Kohlberg Kravis Roberts & Co. LP from Veronis Suhler Stevenson; New York-based capital markets and corporate analytics firm.

LION COPOLYMER LLC: $400 million credit facility (B2/B+); HSBC and Wells Fargo; $50 million five-year revolver; $350 million six-year term B; refinance debt and fund a dividend; Baton Rouge, La., manufacturer of synthetic rubber.

MASERGY COMMUNICATIONS INC.: $110 million credit facility; GE Capital and SunTrust; $15 million revolver talked at Libor plus 450 bps, OID 99; $95 million term loan talked at Libor plus 450 bps, OID 99; help fund buyout by ABRY Partners LLC; Plano, Texas, provider of secure, virtualized network services.

MCCI MEDICAL GROUP: $195 million credit facility; GE Capital and SunTrust; $15 million revolver talked at Libor plus 450 bps to 500 bps, 1.5% Libor floor, OID 99; $140 million first-lien term loan talked at Libor plus 450 bps to 500 bps, 1.5% Libor floor, OID 99; $40 million second-lien term loan (not being syndicated); refinance existing debt and fund a dividend; Miami-based operator of medical centers.

MERITAS: $200 million credit facility; Credit Suisse; $10 million five-year revolver (B) talked at Libor plus 600 bps, 1.5% Libor floor; $125 million six-year first-lien term loan (B) talked at Libor plus 600 bps, 1.5% Libor floor, OID 99; $65 million 61/2-year second-lien term loan (B-) talked at Libor plus 1,000 bps, 1.5% Libor floor, OID 981/2, call protection 103, 102, 101; refinance existing debt and general corporate purposes; Northbrook, Ill., operator of college-preparatory schools.

NANA DEVELOPMENT CORP. $520 million credit facility; Goldman Sachs leading term B, Bank of America leading revolver; $435 million six-year term B (B2/B+) talked at Libor plus 500 bps to 550 bps, 1.5% Libor floor, OID 99, 101 soft call; $85 million five-year ABL revolver; refinance existing credit facility and fund the acquisition of Grand Isle Shipyard Inc.; Anchorage, Alaska, provider of engineering and construction, resource development, facilities management and logistics, real estate and hotel development, and information technology and telecommunications services.

NEBRASKA BOOK CO. INC.: $200 million one-year debtor-in-possession financing facility; JPMorgan; $75 million ABL revolver at Libor plus 350 bps; $125 million term B at Libor plus 600 bps, 1.25% Libor floor, OID 99, 101 soft call; general corporate purposes; Lincoln, Neb., retailer and wholesaler of college textbooks.

NOBEL LEARNING COMMUNITIES INC.: $91 million senior secured credit facility; BMO and Citizens Bank; $71 million term loan talked at Libor plus 450 bps; $20 million revolver talked at Libor plus 450 bps; help fund buyout by Leeds Equity Partners; West Chester, Pa., operator of private preschools, elementary schools, middle schools and K-12 online distance learning.

OM GROUP INC.: $900 million senior secured credit facility; Bank of America; PNC and BNP Paribas; $200 million revolver talked at Libor plus 375 bps; $100 million term A talked at Libor plus 375 bps; $600 million U.S. and euro denominated term B talked at Libor plus 475 bps to 500 bps/Euribor plus 500 bps, 1.5% floor, OID 99, 101 soft call; help fund acquisition of Vacuumschmelze Holding GmbH; Cleveland-based solutions provider of specialty chemicals, advanced materials, electrochemical energy storage and unique technologies.

PENN NATIONAL GAMING INC. $2.15 billion credit facility (Ba1/BBB-); Wells Fargo (left on pro rata), Bank of America (left on term B), Commerz, RBS and UBS; $750 million seven-year term B at Libor plus 275 bps, 1% Libor floor, OID 993/4, 101 soft call for six months; $700 million five-year revolver at Libor plus 175 bps; $700 million five-year term A at Libor plus 175 bps; refinance existing debt; Wyomissing, Pa., gaming company.

Q9 NETWORKS INC.: C$446 million credit facility; TD Securities leading first-lien, Barclays leading second-lien; C$40 million revolver; C$276 million first-lien term loan; C$130 million second-lien term loan; refinance debt and fund a recapitalization; Toronto-based provider of outsourced data centre infrastructure.

QUAD/GRAPHICS INC.: $1.5 billion credit facility (BBB-); JPMorgan; $800 million five-year revolver; $400 million five-year term A; $300 million seven-year term B talked at Libor plus 300 bps, 1.25% Libor floor, OID 99 to 991/2, 101 soft call; refinance existing credit facility; Sussex, Wis., provider of print and related services.

REYNOLDS GROUP HOLDINGS LTD.: $2 billion senior secured term loan (Ba3/BB-) due August 2018 talked at Libor plus 525 bps, 1.25% Libor floor, OID 99; Credit Suisse and HSBC; help fund acquisition of Graham Packaging Co. Inc.; Auckland, New Zealand, manufacturer and supplier of consumer food and beverage packaging and storage products.

ROYALTY PHARMA: $3.6 billion credit facility; Bank of America, Goldman Sachs and Citigroup; $850 million five-year term loan at RPI Select Finance Trust talked at Libor plus 225 bps; $1.375 billion 51/4-year term loan at RPI Finance Trust talked at Libor plus 275 bps, 1% Libor floor, OID 993/4, 101 soft call; $1.375 billion 61/4-year term loan at RPI Finance Trust talked Libor plus 300 bps, 1% Libor floor, OID 991/2, 101 soft call; refinance debt, fund a distribution and put cash on the balance sheet; New York-based acquirer of royalty interests in marketed and late stage biopharmaceutical products.

SMART MODULAR TECHNOLOGIES INC.: $350 million credit facility; JPMorgan and UBS; $300 million seven-year first-lien term loan (B2/B+) talked at Libor plus 700 bps, 1.25% Libor floor, OID 98 to 981/2, call protection 102, 101; $50 million five-year first-lien first-out revolver (B1); help fund buyout by Silver Lake Partners and Silver Lake Sumeru; Newark, Calif., manufacturer of memory modules and solid state storage products.

SRA INTERNATIONAL INC.: $975 million senior secured credit facility (B1/B); Citigroup, Bank of America, Credit Suisse and Goldman Sachs; $100 million five-year revolver; $875 million seven-year term B at Libor plus 525 bps, 1.25% Libor floor, OID 95, 101 soft call; help fund buyout by Providence Equity Partners; Fairfax, Va., provider of technology and strategic consulting services to government organizations and commercial clients.

STACKPOLE INTERNATIONAL: $165 million senior secured credit facility; RBC, BNP Paribas and UBS; $25 million five-year revolver talked at Libor plus 475 bps to 500 bps, 1.5% Libor floor, OID 99; $140 million six-year term loan talked at Libor plus 475 bps to 500 bps, 1.5% Libor floor, OID 99; supplier of highly engineered engine and transmission oil pumps and powdered metal components to automotive and original equipment manufacturers.

SUNCOKE ENERGY INC.: $450 million credit facility (Ba1/BB+); JPMorgan; $150 million five-year revolver; $300 million seven-year term B talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 991/2, 101 soft call; help fund separation from Sunoco Inc. and general corporate purposes; Lisle, Ill., producer of metallurgical coke.

TEREX CORP.: $1.25 billion credit facility; Credit Suisse, Goldman Sachs, UBS and RBS; $500 million five-year revolver talked at Libor plus 450 bps, 1.5% Libor floor; $750 million six-year term B talked at Libor/Euribor plus 450 bps, 1.5% Libor floor, OID 99, 101 soft call; help fund acquisition of Demag Cranes AG; Westport, Conn., diversified manufacturer.

UNITED STATES INFRASTRUCTURE CORP.: Roughly $90 million in add-ons (B1/B+); GE Capital and BNP Paribas; $15 million revolver add-on talked at Libor plus 425 bps, 1.25% Libor floor, OID 99 for new money, 99¾ for rollover; roughly $75 million term loan add-on talked at Libor plus 425 bps, 1.25% Libor floor, OID 99 for new money, 99¾ for rollover; acquisition financing; Carmel, Ind., provider of utility infrastructure locating services.

U.S. SECURITY ASSOCIATES INC.: $435 million credit facility (Ba3/B); Goldman Sachs, KeyBanc and Wells Fargo; $75 million five-year revolver; $75 million six-year delayed-draw term loan talked at Libor plus 500 bps to 525 bps, 1.5% Libor floor, OID 99, 150 bps ticking fee, 101 soft call; $285 million six-year term loan talked at Libor plus 500 bps to 525 bps, 1.5% Libor floor, OID 99, 101 soft call; help fund buyout by Goldman Sachs Private Equity; Roswell, Ga., security firm.

VERTAFORE INC.: $75 million add-on term loan (B+) at Libor plus 375 bps, 1.5% Libor floor, OID 981/2, 101 soft call; Credit Suisse and Bank of America; fund an acquisition; Bothell, Wash., provider of software and information to the insurance distribution channel.

YRC WORLDWIDE INC.: $400 million credit facility; JPMorgan; $225 million second-out term loan due Sept. 30, 2014 talked at Libor plus 975 bps, 1.5% Libor floor, OID 981/2, non-call one, 101; $175 million senior secured first-out term loan due Sept. 30, 2014 expected at Libor plus 700 bps, 1.5% Libor floor, 700 bps unused fee, non-call one, 101; repay asset-backed securitization facility and general corporate purposes; Overland Park, Kan., transportation service provider.

ON THE HORIZON

ACADEMY SPORTS + OUTDOORS: $1.49 billion credit facility; Morgan Stanley, Credit Suisse, Barclays, Goldman Sachs, Mizuho and KKR Financial; $840 million covenant-light term loan; $650 million asset-based revolver; help fund buyout by Kohlberg Kravis Roberts & Co LP; Katy, Texas, sporting goods and outdoor stores.

APAC CUSTOMER SERVICES INC.: New credit facility; help fund buyout by One Equity Partners; Bannockburn, Ill.-based provider of customer care services and solutions.

BJ'S WHOLESALE CLUB INC.: $2.575 billion senior secured credit facility; Deutsche Bank, Citigroup, Barclays, Jefferies, GE Capital and Wells Fargo; $900 million asset-based facility; $1.25 billion first-lien term loan; $425 million second-lien term loan; help fund buyout by Leonard Green & Partners LP and CVC Capital Partners; Westborough, Mass., operator of warehouse clubs.

BLACKBOARD INC.: $1.15 billion senior secured credit facility; Bank of America, Deutsche Bank and Morgan Stanley; $100 million revolver; $700 million first-lien term loan; $350 million second-lien term loan; help fund buyout by Providence Equity Partners; Washington, D.C.-based provider of enterprise software applications and related services to the education industry.

CARROLS RESTAURANT GROUP INC.: New senior secured credit facility; term loans; refinancing in connection with separation by Carrols Restaurant Group Inc. of Hispanic brands from Burger King business; Syracuse, N.Y.-based operator of restaurant brands in the quick-casual and quick-service segments.

CHEFS' WAREHOUSE INC.: $80 million four-year senior secured credit facility; JPMorgan and GE Capital; $30 million term loan expected at Libor plus 400 bps; $50 million revolver expected at Libor plus 225 bps, 37.5 bps unused fee; in connection with IPO to refinance existing debt; Ridgefield, Conn., distributor of specialty food products.

CHINA FIRE & SECURITY GROUP INC.: $80 million five-year credit facility; Bank of America, Citigroup and HSBC; $20 million revolver expected at Libor plus 500 bps; $60 million term loan expected at Libor plus 500 bps; help fund buyout by Bain Capital Partners LLC and management; provider of industrial fire protection systems in China.

COSTAR GROUP INC.: $465 million credit facility; JPMorgan; $415 million seven-year term loan expected at Libor plus 350 bps, 1.25% Libor floor; $50 million five-year revolver expected at Libor plus 300 bps; help fund acquisition of LoopNet Inc.; Washington, D.C.-based commercial real estate information company.

DIAMOND FOODS INC.: $1.75 billion in credit facilities; Bank of America; $300 million five-year term A at Diamond expected at Libor plus 250 bps; $400 million five-year revolver at Diamond expected at Libor plus 250 bps, 35 bps unused fee; $375 million five-year term A at Pringles expected at Libor plus 250 bps; $675 million seven-year term B at Pringles expected at Libor plus 325 bps, 1% Libor floor; repay existing bank debt, fund working capital and other general corporate purposes, and help fund merger with Pringles Co.; San Francisco-based packaged food company.

GO DADDY GROUP INC.: New debt financing; Barclays, Deutsche Bank, RBC and KKR; help fund investment and partnership with KKR, Silver Lake and Technology Crossover Ventures; Scottsdale, Ariz., provider of web hosting and domain names.

IMMUCOR INC.: $700 million senior secured credit facility; JPMorgan and Citigroup; $100 million five-year revolver; $600 million seven-year term loan; help fund buyout by TPG Capital; Norcross, Ga., provider of automated instrument-reagent systems to the blood transfusion industry.

KINETIC CONCEPTS INC.: $2.8 billion senior secured credit facility; Morgan Stanley, Bank of America and Credit Suisse; help fund buyout by Apax Partners, Canada Pension Plan Investment Board and the Public Sector Pension Investment Board; San Antonio, Texas, medical technology company.

LEVEL 3 FINANCING INC.: $650 million six-year senior secured covenant-light term loan B II expected at Libor plus 400 bps, 1.5% Libor floor, OID 99, 101 soft call; Bank of America, Citigroup, Deutsche Bank, Morgan Stanley and Credit Suisse; in connection with acquisition of Global Crossing Ltd.; Hamilton, Bermuda, provider of fiber-based communications services.

METROPOLITAN HEALTH NETWORKS INC.: $355 million senior secured credit facility; GE Capital; $25 million five-year revolver expected at Libor plus 475 bps, 1.5% Libor floor, 50 bps unused fee; $240 million five-year first-lien term loan expected at Libor plus 475 bps, 1.5% Libor floor; $90 million six-year second-lien term loan expected at Libor plus 850 bps, 1.75% Libor floor, call protection 103, 102, 101; help fund acquisition of Continucare Corp.; Boca Raton, Fla., health care organization.

NTELOS WIRELINE ONC INC.: New senior secured credit facility including revolver; fund a working capital cash reserve and make a payment to Ntelos Holdings Corp. in connection with spin-off; Waynesboro, Va., wireline communications business.

OPEN TEXT INC.: $900 million senior secured credit facility (Ba1); Barclays and RBC; $100 million revolver; $200 million delayed-draw term A; $600 million term B; add cash to the balance sheet, refinance existing bank debt and for working capital purposes; Waterloo, Ont., enterprise software company.

SEALED AIR CORP.: $3 billion credit facility; Citigroup, Bank of America, BNP Paribas, RBS; $700 million multi-currency five-year revolver expected at Libor plus 250 bps, 50 bps unused fee; $750 million five-year term A expected at Libor plus 250 bps; $1.55 billion seven-year term loan B ($1 billion in dollars, $550 million in euros) expected at Libor plus 275 bps/Euribor plus 300 bps, 1% Libor/Euribor floor; help fund acquisition of Diversey Holdings Inc.; Elmwood Park, N.J., manufacturer of packaging and performance-based materials and equipment systems that serve food, industrial, medical, and consumer applications.

STAFFMARK HOLDINGS INC.: $150 million five-year secured revolver at Libor plus 200 bps to 250 bps; SunTrust and Harris; in connection with IPO; refinance existing facility; Cincinnati-based provider of light industrial, clerical and specialty temporary staffing.

VCA ANTECH INC.: $100 million term loan add-on; help fund the acquisition of MediMedia Animal Health LLC from MediMedia USA Inc.; Los Angeles-based animal healthcare company.

WESTERN DIGITAL CORP.: $2.5 billion senior unsecured credit facility; Bank of America; $500 million revolver; $2 billion five-year term loan; help fund acquisition of Hitachi Global Storage Technologies from Hitachi Ltd., refinance existing bank debt and for general corporate purposes; Irvine, Calif., designer and producer of hard drives and solid state drives.

WII COMPONENTS INC.: New senior secured credit facility; help fund tender for notes; St. Cloud, Minn., manufacturer of hardwood cabinet doors, hardwood components and engineered wood products.

W.R. GRACE & CO.: $1 billion exit facility, including a $200 million revolver; Goldman Sachs and Deutsche Bank; Columbia, Md., specialty chemicals company.

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