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Published on 7/26/2017 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $56.2365 billion deals being marketed

July Bank Meetings

ATLANTIC BROADBAND: Bank meeting July 27; $1.85 billion credit facilities (B1); Credit Suisse, Bank of America, CIBC and BMO; $150 million revolver; $1.7 billion seven-year covenant-light first-lien term loan, 0% Libor floor, 101 soft call for six months; help fund acquisition of MetroCast from Harron Communications LP; Quincy, Mass., cable operator.

AVAST SOFTWARE: Conference call July 27; $50 million incremental covenant-light term B (Ba3) due September 2023 talked at Libor plus 325 bps, 1% Libor floor, 101 soft call through Sept. 30; Credit Suisse; €50 million incremental covenant-light term B (Ba3) due September 2023 talked at Euribor plus 350 bps, 1% floor, 101 soft call through Sept. 30; general corporate purposes; Prague-based maker of security software.

EVOQUA WATER TECHNOLOGIES (EWT HOLDINGS III CORP.): Conference call July 27; Credit Suisse; Warrendale, Pa., provider of equipment and services for water treatment.

JANE STREET: Bank meeting in London July 27 (NY was July 26); $600 million equivalent U.S. and euro term B (Ba3/BB-) due August 2022 talked at Libor/Euribor plus 425 bps to 450 bps, 0% floor, OID 99.5, 101 soft call for six months; JPMorgan; refinance existing debt and general corporate purposes; trading firm with offices in New York, London and Hong Kong.

LIFEMILES LTD.: Bank meeting July 27; $350 million five-year term B talked at Libor plus 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; Deutsche Bank, UBS and Morgan Stanley; fund a distribution to shareholders; Latin American coalition loyalty program and the exclusive operator of Avianca’s frequent flyer program.

LUMILEDS (BRIGHT BIDCO BV): Conference call July 27; $240 million add-on covenant-light first-lien term B due June 2024 talked at Libor plus 450 bps, 1% Libor floor, 101 soft call until December 2017; Deutsche Bank and Credit Suisse; fund a distribution to equity holders; supplier of LED components and automotive lighting.

RAYCOM MEDIA INC.: Bank meeting July 31; $400 million term B, 101 soft call for six months; Wells Fargo; refinance existing debt; Montgomery, Ala., broadcaster and owner and operator of television stations.

SUNDIAL BRANDS LLC: Bank meeting July 27; $315 million senior secured credit facilities (B-); Goldman Sachs, KeyBanc and UBS; $35 million five-year revolver; $280 million seven-year term B; refinance existing debt and fund a distribution to shareholders; Amityville, N.Y., beauty company.

TRAVEL LEADERS GROUP LLC: Conference call July 27; $533.9 million senior secured term B (including $100 million incremental); Morgan Stanley, UBS and JPMorgan; repricing and fund certain merger & acquisition transactions; Plymouth, Minn., travel agency.

USI INC.: Conference call July 27; new credit facility financing; Citigroup; Valhalla, N.Y., insurance brokerage and consulting firm.

August Bank Meetings

STAPLES INC.: Bank meeting expected early August; $3.6 billion credit facilities; UBS (left on term loan), Wells Fargo (left on ABL), Bank of America, Deutsche Bank, Credit Suisse, RBC, Jefferies, Fifth Third, Citigroup, Goldman Sachs, KKR and Natixis; $2.4 billion term loan; $1.2 billion ABL facility; help fund buyout by Sycamore Partners; Framingham, Mass., retailer of office supplies.

Upcoming Closings

A PLACE FOR MOM: $180 million credit facilities; Citizens and Antares; $20 million revolver; $160 million term B talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Silver Lake and General Atlantic from Warburg Pincus; Seattle-based provider of resources and assistance in finding senior living options.

ACCUDYNE INDUSTRIES: $975 million senior secured credit facilities; Morgan Stanley, Deutsche Bank, Citigroup, Credit Suisse, Goldman Sachs and RBC; $150 million five-year revolver (B2/B); $705 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $120 million eight-year covenant-light second-lien term loan (Caa2/B-) talked at Libor plus 775 bps to 800 bps, 1% Libor floor, OID 99, call protection 102, 101; refinance existing debt and general corporate purposes; Dallas-based provider of precision engineered, process-critical and technologically advanced flow control systems and industrial compressors.

ALBANY MOLECULAR RESEARCH INC.: $925 million senior secured credit facilities; Barclays (left on first-lien), Morgan Stanley (left on second-lien), RBC, Goldman Sachs, Jefferies and Mizuho; $100 million five-year revolver (B2/B+); $620 million seven-year first-lien term loan (B2/B+) talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $205 million eight-year second-lien term loan (Caa2/B-) talked at Libor plus 750 bps to 775 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Carlyle Group and GTCR LLC; Albany, N.Y., contract research and manufacturing organization that works with the life sciences industry to improve patient outcomes and the quality of life.

ALORICA INC.: $301 million first-lien term loan (B1/BB-) due June 30, 2022 talked at Libor plus 375 bps, step-down to Libor plus 350 bps, 0.75% Libor floor, 101 soft call for six months; Credit Suisse; repricing; Irvine, Calif., provider of outsourced customer and financial care solutions.

AMERICAN ROCK SALT CO. LLC: $570 million credit facilities (B3/B); Citizens and Morgan Stanley; $60 million five-year revolver; $510 million seven-year term B talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; Mount Morris, N.Y., salt mine operator.

AMERICAN SEAFOODS GROUP LLC: $775 million senior secured credit facilities; JPMorgan; $60 million five-year revolver (B1/BB-); $565 million six-year first-lien term loan (B1/BB-) talked at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call for six months; $150 million 6.5-year second-lien term loan (Caa1/B-); refinance existing debt; Seattle-based harvester and processor of seafood.

ASURION LLC: $2.6 billion first-lien term loan (Ba3) due August 2022 talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99.75 to par, 101 soft call for six months; Bank of America; repricing; Nashville-based provider of technology protection services.

CAPCO: $315 million credit facilities (B2/B); Barclays, Credit Suisse, BMO, HSBC, Natixis, Credit Agricole, ING and Fifth Third; $65 million five-year revolver; $250 million seven-year term B talked at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition by Clayton, Dubilier & Rice (CD&R) of a majority interest in the company from FIS; provider of business, digital and technology consulting services for the financial services industry.

CAREERBUILDER LLC: $400 million credit facilities (B2/B); Credit Suisse, Barclays, Deutsche Bank, Citigroup and Goldman Sachs; $50 million revolver; $350 million six-year covenant-light first-lien term loan at Libor plus 675 bps, 1% Libor floor, OID 97, 101 soft call; help fund buyout by Apollo Global Management LLC and Ontario Teachers’ Pension Plan Board; Chicago-based end-to-end human capital solutions company.

CARESTREAM DENTAL EQUIPMENT INC.: $455 million credit facilities (B2/B); Credit Suisse, Citigroup, HSBC, ING, Goldman Sachs and Jefferies; $80 million revolver; $375 million seven-year covenant-light first-lien term loan talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 1% Libor floor, 101 soft call for six months; help fund buyout by Clayton, Dubilier & Rice and CareCapital Advisors Ltd. from Carestream; provider of imaging systems, practice management software and other services to the dental market.

CBS RADIO: $500 million seven-year senior secured term B (Ba3/BB-) at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs, Morgan Stanley, Credit Suisse, Bank of America, Wells Fargo, JPMorgan, Citigroup and Deutsche Bank; refinance Entercom debt in connection with merger of CBS Radio and Entercom; Philadelphia-based radio broadcasting company.

CERTARA: $370 million credit facilities; Jefferies and Golub; $20 million five-year revolver (B); $250 million seven-year first-lien term loan (B) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $100 million pre-placed eight-year HoldCo unsecured term loan; help fund buyout by EQT from Arsenal Capital Partners; Princeton, N.J., provider of technology-driven decision support solutions for drug development.

CISION: $1.25 billion U.S. and euro senior secured covenant-light first-lien term B (B2/B) due June 2023 talked at Libor/Euribor plus 450 bps, 0% floor, OID 99, 101 soft call for six months; Deutsche Bank; refinance existing debt and add cash to the balance sheet; Chicago-based media intelligence company.

COMPUWARE CORP.: $200 million add-on first-lien term loan (B3/B) talked at Libor plus 425 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Jefferies; help repay some second-lien term loan debt; Detroit-based technology performance company.

CPI INTERNATIONAL INC.: $605 million credit facilities; UBS; $35 million five-year revolver (B2/B); $470 million seven-year first-lien term loan (B2/B) at Libor plus 350 bps, step-down to Libor plus 325 bps at 0.75x lower total leverage, 1% Libor floor, 101 soft call for six months; $100 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 725 bps, 1% Libor floor, OID 99.5, call protection 102, 101; help fund buyout by Odyssey Investment Partners from Veritas Capital; Palo Alto, Calif., provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications.

CPM ACQUISITION CORP.: Expected closing early August; $175 million in senior secured term loans; Morgan Stanley and BMO; $55 million incremental covenant-light first-lien term loan (B) due April 2022 talked at Libor plus 425 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; $120 million covenant-light second-lien term loan (B-) due April 2023 talked at Libor plus 825 bps, 1% Libor floor, OID 99.5, call protection 103, 101; repay existing debt and fund a dividend to shareholders; supplier of process equipment used for oilseed processing and animal feed production.

CULLIGAN HOLDING INC.: $633.5 million in term loans; Morgan Stanley, RBC, BMO and Citigroup; $335 million incremental senior secured term B due Dec. 13, 2023 talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $298.5 million covenant-light term B-1 due Dec. 13, 2023 talked at Libor plus 350 bps to 375 bps, 1% Libor floor, 101 soft call for six months; fund acquisition of Zip Industries, refinance euro term B and reprice existing term B-1; Rosemont, Ill., provider of water treatment products and services.

CYPRESS SEMICONDUCTOR CORP.: Expected closing Aug. 18; $518.8 million senior secured term B due July 5, 2021 at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Morgan Stanley and Credit Suisse; repricing and pay down term A; San Jose, Calif., manufacturer of mixed-signal integrated circuits.

DEPOMED INC.: $350 million term loan B (BB-) talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call; Wells Fargo; refinance existing debt; Newark, Calif., specialty pharmaceutical company focused on products to treat pain and other central nervous system conditions.

DEXKO GLOBAL INC.: $970 million in U.S. loans; Credit Suisse, Goldman Sachs, Barclays and Deutsche Bank; $150 million revolver (B2/B); $570 million seven-year first-lien term loan (B2/B) at Libor plus 400 bps, step-down to Libor plus 375 bps at 4.75x leverage, 1% Libor floor, OID 99.5, 101 soft call for six months; $250 million eight-year second-lien term loan (Caa1/CCC+) at Libor plus 825 bps, 1% Libor floor, OID 98.5, call protection 102, 101; also €350 million seven-year first-lien term loan (B2/B) at Euribor plus 450 bps, 0% floor, OID 99.5, 101 soft call for six months; help fund buyout by KPS Capital Partners LP from Sterling Group LP; Novi, Mich., supplier of highly engineered running gear technology, chassis assemblies and related components.

DIVERSEY: $1.15 billion in U.S. credit facilities (B1/B); Credit Suisse, Goldman Sachs, Bank of America, Barclays, Citigroup, RBC, HSBC, SunTrust and Jefferies; $250 million revolver; $900 million seven-year covenant-light first-lien term loan at Libor plus 300 bps with a step-down, 0% Libor floor, OID 99.75, 101 soft call for six months; also €970 million seven-year covenant-light first-lien term loan at Euribor plus 325 bps with a step-down, 0% floor, OID 99.75, 101 soft call for six months; help fund buyout by Bain Capital Private Equity from Sealed Air Corp.; hygiene and cleaning solutions company.

DURAVANT LLC (ENGINEERED MACHINERY HOLDINGS INC.): $870 million senior secured credit facilities; Jefferies, Citigroup, Credit Suisse and Antares; $70 million five-year revolver (B2/B); $565 million seven-year first-lien term loan (including $65 million delayed-draw) (B2/B) at Libor plus 325 bps, 25 bps pricing step-down, 1% Libor floor, OID 99.75, 101 soft call for six months; $235 million eight-year second-lien term loan (including $25 million delayed-draw) (Caa2/CCC+) at Libor plus 725 bps, 25 bps pricing step-down, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Warburg Pincus from Odyssey Investment Partners and targeted acquisitions; Downers Grove, Ill., automation and engineered equipment company serving the food processing, packaging and material handling sectors.

ENERGYSOLUTIONS LLC: $456.5 million senior secured covenant-light term B due May 29, 2020 talked at Libor plus 475 bps to 500 bps, 1% Libor floor, 101 soft call for one year; Morgan Stanley; repricing and amendment; Salt Lake City-based nuclear services company.

ERESEARCH TECHNOLOGY INC.: Expected closing July 31; $769 million first-lien term loan (including $210 million incremental) due 2023 at Libor plus 375 bps, 1% Libor floor, OID 99.75 on incremental, 101 soft call for six months; Goldman Sachs, Jefferies and Bank of America; fund mergers & acquisition, pay down revolver and reprice existing term B; Philadelphia-based provider of software-enabled clinical research solutions to pharmaceutical, biopharmaceutical and contract research organizations.

EXELA TECHNOLOGIES: $450 million senior secured credit facilities (B3/B); RBC, Credit Suisse, Natixis and KKR; $100 million revolver; $350 million six-year term B at Libor plus 750 bps, 1% Libor floor, OID 98, 101 soft call; help fund creation through merger of Quinpario Acquisition Corp. 2, SourceHOV LLC and Novitex Holdings Inc.; solutions provider for financial technology and business services.

EYEMART EXPRESS LLC: $355 million seven-year covenant-light first-lien term loan (B1/B) talked at Libor plus 325 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Barclays and Wells Fargo; refinance existing debt and fund distribution to shareholders; Farmers Branch, Texas, optical retailer.

FLEETCOR TECHNOLOGIES INC.: $250 million term loan (BB+) talked Libor plus 225 bps, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; Bank of America; amend and extend; Norcross, Ga., provider of specialized payment products and services, including fleet cards, food cards and corporate lodging discount cards for businesses.

FLYING FORTRESS INC. (AERCAP): $750 million term B talked at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; RBC and Bank of America; repricing; Dublin-based aircraft leasing company.

FORTRESS INVESTMENT GROUP: $1.49 billion credit facilities (Baa3/BB-/BB+); Deutsche Bank, Mizuho and Credit Agricole; $90 million 4.5-year revolver at Libor plus 250 bps, 0% Libor floor; $1.4 billion five-year covenant-light term B at Libor plus 275 bps, step-down to Libor plus 250 bps at 3x consolidated leverage and to Libor plus 225 bps at 2x consolidated leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; help fund acquisition by Softbank Group Corp.; New York-based alternative asset management firm.

GREEN PLAINS INC.: $500 million six-year term B (B2/BB-) talked at Libor plus 500 bps to 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; BNP Paribas; refinance existing debt; Omaha-based ethanol production, marketing and commodities company.

HAYWARD INDUSTRIES INC.: $1.135 billion in term loans; Bank of America, Jefferies, Morgan Stanley and Nomura; $850 million seven-year covenant-light first-lien term B (B3) at Libor plus 350 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $285 million privately placed second-lien term loan (Caa2); help fund buyout by CCMP Capital Advisors LP and MSD Partners LP; Elizabeth, N.J., manufacturer of residential and commercial pool equipment.

HD SUPPLY WATERWORKS LTD.: $1.075 billion seven-year first-lien term loan B (B2/B+) at Libor plus 300 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan, Barclays, Bank of America, Citigroup, Credit Suisse, Deutsche Bank, RBC, Goldman Sachs, Natixis and Nomura; help fund buyout by Clayton, Dubilier & Rice from HD Supply Holding Inc.; St. Louis-based distributor of water, sewer, storm and fire protection products.

HEARTLAND DENTAL LLC: $1.075 billion credit facilities; BMO; $100 million revolver (B2/B-); $750 million six-year covenant-light first-lien term loan (B2/B-) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $225 million seven-year covenant-light second-lien term loan (Caa2/CCC) talked at Libor plus 850 bps, 1% Libor floor, OID 99, call protection 102, 101; refinance existing debt; Effingham, Ill., dental support organization.

HYLAND SOFTWARE INC.: $760 million in bank debt; Credit Suisse, Goldman Sachs and UBS; $60 million incremental revolver (B1/B); $490 million incremental first-lien term loan (B1/B) due July 2022 at Libor plus 325 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; $210 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 700 bps, 0.75% Libor floor, OID 99.5, call protection 102, 101; fund acquisition of Perceptive Software from Lexmark International Inc.; Westlake, Ohio, enterprise content-management software developer.

INC RESEARCH HOLDINGS INC.: $3.1 billion credit facilities (Ba2/BB+); Credit Suisse (left on term B), ING (left on pro rata), Bank of America, Barclays, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, PNC and Wells Fargo; $500 million five-year revolver; $1 billion five-year term A; $1.6 billion seven-year covenant-light term B at Libor plus 225 bps, 25 bps step-down at 3x secured leverage, 0% Libor floor, OID 99.875, 101 soft call for six months; refinance existing debt in connection with merger with inVentiv Health Inc.; Raleigh, N.C.-based contract research organization.

INTRAWEST RESORTS HOLDINGS INC. (HAWK HOLDING CO. LLC): $1.36 billion equivalent U.S. and Canadian seven-year first-lien term loan B (B2/B); JPMorgan, Bank of America, Wells Fargo, Credit Suisse, Citigroup and U.S. Bank; U.S. term loan at Libor plus 325 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Intrawest Resorts by Aspen Skiing Co. LLC and KSL Capital Partners LLC; mountain resort and adventure company.

J.D. POWER: $180 million in incremental term loans; Credit Suisse; $140 million incremental first-lien term loan (B2/NA/BB) due September 2023 at Libor plus 425 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; $40 million incremental second-lien term loan (Caa2/NA/BB-) due September 2024 at Libor plus 850 bps, 1% Libor floor, OID 99.5, call protection 102, 101; fund an acquisition and a shareholder distribution; Costa Mesa, Calif., consumer data and analytics company.

LOGIX COMMUNICATIONS: $270 million credit facilities (B2/B); SunTrust, Credit Suisse and Brightwood; $20 million revolver; $250 million covenant-light term B talked at Libor plus 550 bps to 600 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund the acquisition of Alpheus Communications from The Gores Group and Scott Widham; Houston-based fiber-optic bandwidth infrastructure services provider.

MACDONALD, DETTWILER AND ASSOCIATES LTD. (MDA): $2 billion seven-year covenant-light term B (Ba3/BB) at Libor plus 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; RBC, Bank of America, BMO, CIBC, Wells Fargo, TD, Scotia and HSBC; help fund acquisition of DigitalGlobe Inc.; Vancouver, B.C. communications and information company.

MEDRISK LLC: $185 million credit facilities; Antares; $170 million term loan due March 2023 talked at Libor plus 425 bps, 1% Libor floor, 101 soft call for six months; $15 million revolver due March 2021 talked at Libor plus 425 bps; refinance existing credit facilities; King of Prussia, Pa., provider of outpatient physical medicine network services to the U.S. workers’ compensation industry.

NEUSTAR INC.: $1.65 billion in term loans; Bank of America (left on first-lien), UBS (left on second-lien), Jefferies, Credit Suisse, Mizuho, Societe Generale and Angel Island Capital; $350 million 2.5-year first-lien term B-1 (Ba3/BB) at Libor plus 325 bps, 0% Libor floor, 101 soft call for six months; $975 million seven-year first-lien term B-2 (Ba3/BB) at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $325 million eight-year second-lien term loan (B3/B-) at Libor plus 800 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Golden Gate Capital; Sterling, Va., provider of real-time information services.

OB HOSPITALIST GROUP: $220 million credit facilities; Antares; $20 million five-year revolver; $200 million seven-year covenant-light term loan talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Gryphon Investors from Ares Management LP; Mauldin, S.C., provider of OB/GYN hospitalist services.

PEAK 10 HOLDING CORP.: Expected closing Aug. 1; $1.51 billion in term loans; JPMorgan (left on first-lien), Citigroup (left on second-lien), ING and SunTrust; $1.2 billion seven-year first-lien term loan (B2/B) at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $310 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 725 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund acquisition of ViaWest Inc. from Shaw Communications Inc.; Charlotte, N.C., IT infrastructure and cloud provider.

PQ CORP.: Expected closing Aug. 7 week; $920.8 million senior secured covenant-light term loan (B2/B+) due Nov. 4, 2022 talked at Libor plus 350 bps, 25 bps step-down at 4.75x total net leverage, 1% Libor floor, 101 soft call for six months; Citigroup; also €281.2 million senior secured covenant-light term loan (B2/B+) due Nov. 4, 2022 talked at Euribor plus 325 bps, 25 bps step-down at 4.75x total net leverage, 1% floor, 101 soft call for six months; repricing; Malvern, Pa., producer of specialty inorganic performance chemicals and catalysts.

PROQUEST LLC: Expected closing Aug. 1; $714 million first-lien term loan (B2/B) due October 2021 at Libor plus 375 bps, 1% Libor floor, 101 soft call; Goldman Sachs, Bank of America, RBC and Credit Suisse; repricing; Ann Arbor, Mich., provider of digital content and Software as a Service solutions primarily for the academic community.

ROBERTSHAW US HOLDING CORP.: $580 million in senior secured term loans; JPMorgan; $440 million first-lien term loan B (B1/B) talked at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $140 million second-lien term loan (Caa1/CCC+) talked at Libor plus 900 bps to 950 bps, 1% Libor floor, OID 98, call protection 102, 101; refinance existing debt and fund a dividend; Itasca, Ill., designer and manufacturer of electro-mechanical solutions, mechanical combustion systems, and electrical controls primarily for use in residential and commercial appliances, HVAC and transportation applications.

SCIENTIFIC GAMES CORP.: $3.283 billion term B-4 (Ba3/B+) due August 2024 talked at Libor plus 350 bps, 0% Libor floor, OID 99.5; Bank of America, JPMorgan, Deutsche Bank, Credit Suisse, Fifth Third, Goldman Sachs, Macquarie and PNC; refinance/extend existing term B-3; New York-based developer of technology-based products and services and associated content for gaming and lottery markets.

SNAPAV: $315 million senior secured credit facilities (B2/B); UBS and SunTrust; $265 million seven-year term loan at Libor plus 525 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $50 million five-year revolver; help fund buyout by Hellman & Friedman LLC from General Atlantic; Charlotte, N.C., manufacturer of audio, video, networking, power and surveillance products for residential and commercial A/V integrators.

SURGERY CENTER HOLDINGS INC.: $1.365 billion senior secured credit facilities (B1/B); Jefferies and KKR; $75 million five-year revolver; $1.29 billion seven-year senior secured covenant-light term loan at Libor plus 325 bps, step-down to Libor plus 300 bps at 0.25x inside closing net secured leverage, 1% Libor floor, OID 99.75, 101 soft call for six months; help fund acquisition of National Surgical Healthcare from Irving Place Capital and refinance existing term loan; Nashville, Tenn., healthcare services company.

SYNCSORT INC.: $790 million in term loans; Bank of America, Credit Suisse, Antares, Golub, Jefferies and SunTrust; $590 million seven-year covenant-light first-lien term loan (B2/B-) talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $200 million eight-year covenant-light second-lien term loan (Caa2/CCC) talked at Libor plus 875 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund its buyout and Vision Solutions Inc. buyout by Centerbridge Partners LP from Clearlake Capital Group LP and merger of the two companies; Pearl River, N.Y., enterprise software provider.

TOLEDO MOLDING & DIE: $220 million credit facilities; BMO; $180 million seven-year senior secured first-lien term B talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 99, 101 soft call for six months; $40 million ABL revolver held by BMO Harris Bank; help fund buyout by Monomoy Capital Partners; Toledo, Ohio, full-service automotive supplier of highly-engineered thermoplastic components and assemblies for interiors, air induction systems, HVAC, fluid reservoirs, and functional plastics.

TRANSUNION LLC: $1.98 billion covenant-light term B-2 (Ba3/BB) due April 2023 talked at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Deutsche Bank and Capital One; repricing; Chicago-based provider of information management and risk management services.

TRAVELPORT: $2.266 billion first-lien term loan due September 2021 talked at Libor plus 275 bps to 300 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs, Bank of America, Citigroup, Morgan Stanley and UBS; repricing; Atlanta-based provider of transaction processing services to the travel industry.

UNITED PACIFIC: $255 million credit facilities (B1/B); Goldman Sachs; $25 million revolver; $230 million seven-year first-lien term loan talked at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; refinance existing bank debt, fund a dividend, add cash to the balance sheet and general corporate purposes; owner of retail gas stations and a convenience store operator.

VICTORY CAPITAL OPERATING LLC: $540 million term B (B2/BB-) due Oct. 31, 2021 talked at Libor plus 550 bps to 600 bps, 1% Libor floor, 101 soft call for six months; RBC; repricing; Brooklyn, Ohio, asset management firm.

VIEWPOINT INC.: $335 million credit facilities; Credit Suisse; $30 million revolver (B1/B); $210 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $95 million privately placed eight-year covenant-light second-lien term loan (Caa1/CCC) at Libor plus 825 bps, 1% Libor floor, OID 99, call protection 102, 10; refinance existing debt and acquisition financing; Portland, Ore., provider of construction-specific software solutions to the construction and capital project industries.

WOMEN’S CARE FLORIDA: $205 million credit facilities; Citizens and Antares; $30 million revolver; $175 million first-lien term loan talked at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Lindsay Goldberg LLC; specialty women’s health physician group across Florida.

ZEP INC.: New credit facilities; KeyBanc; refinance existing debt and fund an acquisition; Atlanta-based consumable chemical packaged goods company.

On The Horizon

ABM INDUSTRIES INC.: New five-year term A; JPMorgan and Bank of America; help fund acquisition of GCA Services Group from Thomas H. Lee Partners L.P. and Goldman Sachs Merchant Banking Division; New York-based provider of facility solutions.

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

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

AVANTOR: $5.5 billion senior secured credit facilities; Goldman Sachs, Barclays, Jefferies and JPMorgan; $5 billion in U.S. and euro first-lien term loans; up to $500 million revolver; help fund acquisition of VWR International LLC; Center Valley, Pa., supplier of ultra-high-purity materials for the life sciences and advanced technology industries.

BROADCOM LTD.: New debt financing; help fund acquisition of Brocade Communications Systems Inc.; San Jose, Calif., and Singapore-based designer, developer and supplier of semiconductor devices.

CINCINNATI BELL INC.: $1.1 billion senior secured credit facilities; Morgan Stanley; $150 million five-year revolver expected at Libor plus 350 bps; $950 million seven-year term B expected at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisitions of Hawaiian Telcom Inc. and OnX Enterprise Solutions and refinance debt; Cincinnati, Ohio, provider of integrated communications solutions.

CLUBCORP: $1.3 billion of senior secured credit facilities; Citigroup, RBC, Barclays, Credit Suisse, Deutsche Bank and Goldman Sachs; $175 million revolver; $1.125 billion term loan; help fund buyout by Apollo Global Management LLC; Dallas-based owner and operator of private golf and country clubs and business, sports and alumni clubs.

CORSAIR: New debt financing; Macquarie and BNP Paribas; help fund buyout by EagleTree Capital from Francisco Partners; Fremont, Calif., provider of high performance branded computer products, including memory, components, peripherals, and complete systems.

GOLDEN ENTERTAINMENT INC.: $1.1 billion credit facilities; JPMorgan, Credit Suisse, Macquarie and Morgan Stanley; $100 million five-year revolver expected at Libor plus 300 bps, 0% Libor floor; $800 million seven-year covenant-light first-lien term loan expected at Libor plus 300 bps, 0.75% Libor floor, 101 soft call for six months; $200 million eight-year covenant-light second-lien term loan expected at Libor plus 700 bps, 0.75% Libor floor, call protection 102, 101; help fund acquisition of American Casino & Entertainment Properties LLC and refinance existing debt; Las Vegas-based owner and operator of gaming properties.

JPW INDUSTRIES INC.: New debt financing; Goldman Sachs, BMO and BNP Paribas; help fund buyout by Gamut Capital Management LP from Tenex Capital Management; La Vergne, Tenn., designer, marketer and distributor of branded metalworking and woodworking equipment and specialty shop tools.

LUMOS NETWORKS CORP.: $535 million senior secured credit facilities; Morgan Stanley and Goldman Sachs; $485 million first-lien term loan; $50 million revolver; help fund acquisition by EQT, refinance existing debt and general corporate purposes; Waynesboro, Va., provider of fiber-based data, voice and IP-based telecommunication services.

MULTI-COLOR CORP.: $1.05 billion senior secured credit facilities; Bank of America and Citigroup; $400 million revolver; $250 million term A; $400 million term B; help fund acquisition of the Labels Division of Constantia Flexibles GmbH, refinance an existing revolver and general corporate purposes; Cincinnati-based label maker.

PAREXEL INTERNATIONAL CORP.: $2.365 billion senior secured credit facilities; Bank of America and JPMorgan; $300 million five-year revolver; $2.065 billion seven-year term B; help fund buyout by Pamplona Capital Management LLP; Waltham, Mass., biopharmaceutical services company.

QUIDEL CORP.: $270 million five-year senior secured credit facilities; Bank of America and JPMorgan; $25 million revolver expected at Libor plus 350 bps; $245 million term loan expected at Libor plus 350 bps; help fund acquisition of the Triage MeterPro cardiovascular and toxicology business, and the Triage BNP business from Alere Inc.; San Diego-based provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems.

RAYONIER ADVANCED MATERIALS INC.: Up to $450 million of incremental senior secured term loans; Bank of America, Wells Fargo, JPMorgan and SunTrust; help fund acquisition of Tembec Inc.; Jacksonville, Fla., supplier of high purity cellulose.

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

RED VENTURES: New debt financing; Bank of America, Barclays, Citigroup, Credit Suisse, Fifth Third, MUFG and PNC; help fund acquisition of Bankrate; Charlotte, N.C., digital consumer choice platform.

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

WEST CORP.: Up to $3.05 billion senior secured credit facilities; Credit Suisse, RBC, Barclays, Bank of America, Citigroup, Deutsche Bank, Morgan Stanley and Goldman Sachs; $350 million revolver; up to $2.7 billion term loan; help fund buyout by Apollo Global Management LLC; Omaha-based provider of communication and network infrastructure services.

ZEBRA TECHNOLOGIES CORP.: New term loan; help redeem notes; Lincolnshire, Ill., provider of marking and printing technologies.


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