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Published on 3/25/2008 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $15.054 billion deals being marketed

APRIL BANK MEETINGS

MACROVISION CORP.: Bank meeting expected around April 8; $500 million five-year term B, 101 soft call; JPMorgan and Merrill Lynch; help fund acquisition of Gemstar-TV Guide International, Inc.; Santa Clara, Calif., provider of services that enable businesses to protect, enhance and distribute their digital goods to consumers across multiple channels.

UPCOMING CLOSINGS

84 LUMBER CO.: $450 million five-year asset-based revolver at Libor plus 250 bps, 25 bps commitment fee; SunTrust and Wachovia; replace an existing revolver and private notes; Eighty Four, Pa., supplier of building materials to contractors.

ABITIBI-CONSOLIDATED INC.: $450 million 364-day senior secured term loan (B1) talked at Libor plus 800 bps, OID 96 to 97, 3% Libor floor; Goldman Sachs; refinancing; Montreal-based producer of newsprint and commercial printing papers, market pulp and wood products.

ACRESSO: $105 million credit facility; BMO Capital Markets; $15 million revolver talked at Libor plus 425 bps; $90 million term loan talked at Libor plus 425 bps; help fund buyout of Macrovision Corp.'s software business unit by Thoma Cressey Bravo; provider of services that help simplify the business relationship between software producers and enterprises.

ANCHOR DRILLING FLUIDS USA INC.: $125 million five-year senior credit facility; Jefferies; $15 million revolver talked at Libor plus 500 bps, 3.5% Libor floor, OID 99; $110 million term B talked at Libor plus 500 bps, 3.5% Libor floor, OID 99; help fund buyout by Castle Harlan Inc.; Tulsa, Okla., drilling fluids company.

BAUER HOCKEY: $117 million credit facility; GE Capital; $75 million revolver talked at Libor plus 450 bps, OID 99; $42 million term loan talked at Libor plus 450 bps, OID 99; help fund acquisition by Kohlberg & Co. and W. Graeme Roustan from Nike Inc.; hockey manufacturer.

CB RICHARD ELLIS GROUP INC.: Expected close March 27; $300 million term A-1 (Ba1/BB+) due Dec. 20, 2013 talked at Libor plus 350 bps, OID 991/2; Credit Suisse; fund working capital needs and for general corporate purposes; Los Angeles-based commercial real estate services company.

CHIQUITA BRANDS LLC: Closing March 28; $350 million senior secured credit facility (Ba3/B+); Rabobank; $150 million revolver at Libor plus 350 bps; $200 million term A at Libor plus 425 bps; refinance existing bank debt; Cincinnati-based marketer and distributor of fresh food products.

CONSOLIDATED PRECISION PRODUCTS: $157 million credit facility; GE Capital and the Bank of Ireland; $20 million revolver talked at Libor plus 450 bps, OID 981/2; $137 million term loan talked at Libor plus 450 bps, OID 981/2; help fund acquisition by Arlington Capital; manufacturer of highly engineered, complex metal components and assemblies.

DELPHI CORP.: $6.125 billion exit financing credit facility; JPMorgan and Citigroup; $1.6 billion six-year ABL revolver at Libor plus 300 bps, 150 bps unused fee; $1.7 billion seven-year first-lien term loan at Libor plus 575 bps, 3.25% Libor floor for life, call protection 102, 101, OID 92; $2.825 billion eight-year second-lien term loan issued to GM at Libor plus 695 bps, 3.25% Libor floor for life, call protection of 103, 1011/2; repay DIP, fund other payments required upon emergence and conduct post-reorganization operations; Troy, Mich., automotive electronics manufacturer.

FAIRPOINT COMMUNICATIONS INC.: $2.03 billion senior secured credit facility (Ba3/BB+/BB+); Lehman Brothers, Morgan Stanley, Bank of America, Deutsche Bank, Wachovia, Merrill Lynch and CoBank, with Lehman left lead; $200 million six-year revolver at Libor plus 275 bps, 37.5 bps unused fee; $500 million six-year term A at Libor plus 250 bps; $200 million seven-year, one-year delayed-draw, term loan at Libor plus 275 bps, 75 bps unused fee for six months, 125 bps fee thereafter, call protection 102, 101; $1.13 billion seven-year term B at Libor plus 275 bps, 3% Libor floor for three years, OID 88, call protection 102, 101; help fund merger with Verizon Communications Inc.'s wireline operations in Maine, New Hampshire and Vermont; Charlotte, N.C., provider of communications services to rural communities.

GRAPHIC PACKAGING HOLDING CO.: $1.2 billion term loan due May 16, 2014 (Ba3) at Libor plus 275 bps, OID 93; Bank of America, JPMorgan, Goldman Sachs and Deutsche; refinance debt in connection with already completed merger of Graphic Packaging and Altivity Packaging, LLC; Marietta, Ga., paperboard packaging company.

HUDSON GROUP: $295 million credit facility; CIT; $60 million revolver at Libor plus 400 bps, OID 99; $235 million first-lien term loan at Libor plus 400 bps, OID 99; also $125 million second-lien term loan led by Magnetar that's already spoken for; help fund buyout by Advent International; East Rutherford, N.J.-based travel retail specialist.

JTH TAX INC.: $100 million five-year revolver at Libor plus 137.5 bps; SunTrust; refinance existing debt and for a share repurchase; Virginia Beach, Va., franchisor/operator of income tax preparation offices and services.

MERISANT CO.: $245 million senior secured credit facility; Credit Suisse; $35 million revolver talked at Libor plus 650 bps; $210 million first-lien term loan talked at Libor plus 650 bps, 3.25% Libor floor, OID 98, soft call 103, 102, 101; refinance existing bank debt; Chicago-based marketer of low-calorie tabletop sweeteners.

NUMONYX: $750 million credit facility (B3/BB+); Goldman Sachs, JPMorgan and Merrill Lynch; $100 million revolver talked at Libor plus 500 bps to 550 bps; $650 million term loan talked at Libor plus 500 bps to 550 bps, OID 97 to 98; help fund creation of the company by Francisco Partners, STMicroelectronics and Intel; Switzerland-based semiconductor company focused on supplying flash memory products.

RANPAK INC.: $430 million credit facility; American Capital Strategies; $20 million revolver; $250 million first-lien term loan talked at Libor plus 450 bps, OID 98; $160 million second-lien term loan talked at Libor plus 750 bps; fund already completed buyout by Odyssey Investment Partners LLC from American Capital; Concord Township, Ohio, manufacturer and marketer of "in-the-box" paper-based protective packaging.

REPCONSTRICKLAND: $225 million credit facility; KeyBank; $50 million revolver talked in Libor plus 350 bps area; $75 million term A talked in Libor plus 350 bps area; $100 million term B talked at Libor plus 475 bps, 3.25% Libor floor, OID 99; help fund the already completed buyout by Arclight Capital LLC; provider of services to the refining, petrochemical and energy industries.

RESOLUTE ENERGY PARTNERS LP: $400 million five-year senior secured revolver talked at Libor plus 137.5 bps; Wachovia; refinance existing bank debt and for general corporate purposes; Denver-based independent oil and gas partnership.

SM&P UTILITY RESOURCES INC.: $115 million six-year credit facility; GE Capital; $50 million revolver talked at Libor plus 450 bps, 3% Libor floor, OID 981/2; $65 million term loan talked at Libor plus 450 bps, 3% Libor floor, OID 981/2; help fund buyout by Stripe Acquisition Inc. from The Laclede Group Inc.; Carmel, Ind., underground locating and marking service business.

SP NEWSPRINT CO.: $275 million credit facility; GE Capital; $225 million term loan talked at Libor plus 600 bps, 4% Libor floor, 103 call protection for one year, OID 98; $50 million three-year asset-based revolver talked at Libor plus 250 bps; acquisition financing; Atlanta-based operator of newsprint mills.

VENTURE TRANSPORT LOGISTICS LLC: $200 million senior credit facility; GE Capital and CIT; $50 million revolver talked at Libor plus 500 bps, 3.25% Libor floor, OID 98; $150 million term B talked at Libor plus 500 bps, 3.25% Libor floor, OID 98; help fund acquisitions and refinance existing debt; Lafayette, La., provider of expedited land transportation and logistics services.

WEST CORP.: $130 million term loan talked at Libor plus 500 bps, 3.5% Libor floor, OID 97, call protection 105, 102; Wachovia; help fund acquisition of Genesys SA; Omaha, Neb., provider of outsourced communication services.

ON THE HORIZON

19X INC.: $650 million credit facility; Credit Suisse and Deutsche Bank; $50 million 41/2-year revolver expected at Libor plus 450 bps, 75 bps commitment fee; $400 million five-year first-lien term loan expected at Libor plus 450 bps, OID 97; $200 million 51/2-year second-lien term loan expected at Libor plus 750 bps, OID 97, call protection 103, 102, 101; help fund buyout of CKX Inc.; New York-based company engaged in the ownership, development and commercial utilization of entertainment content.

ALLIANCE DATA SYSTEMS CORP.: $4.4 billion senior secured credit facility; Credit Suisse; $3.9 billion seven-year term loan; $500 million six-year revolver; help fund buyout by the Blackstone Group; Dallas-based provider of marketing, loyalty and transaction services.

AMEDISYS INC.: $500 million senior unsecured credit facility; JPMorgan, UBS and Oppenheimer; $250 million five-year revolver expected at Libor plus 175 bps, 35 bps commitment fee; $250 million five-year term loan expected at Libor plus 175 bps; help fund acquisition of TLC Health Care Services Inc. from Arcapita Inc.; Baton Rouge, La., home nursing company.

AMERICAN CAMPUS COMMUNITIES INC.: $200 million three-year term loan; KeyBank; help fund acquisition of GMH Communities Trust; Austin, Texas, developer, owner and manager of student housing properties.

BAHAMAS OIL REFINING CO.: New senior secured credit facility; ABN Amro; help fund buyout by First Reserve Corp.; Freeport, Bahamas, oil storage terminal.

BCE INC.: Up to C$23.05 billion credit facility; Citigroup, Deutsche Bank, RBS Securities and TD Securities; C$2 billion six-year revolver; C$4.2 billion six-year term A; up to C$16.5 billion U.S. equivalent seven-year term B; up to C$350 million U.S. equivalent one-year delayed-draw term loan; help fund buyout by Teachers Private Capital, Providence Equity Partners Inc. and Madison Dearborn Partners, LLC; Montreal-based communications company.

BRIGHT HORIZONS FAMILY SOLUTIONS INC.: $440 million senior secured credit facility; Goldman Sachs; $75 million six-year revolver; $365 million seven-year term B; help fund buyout by Bain Capital Partners LLC; Watertown, Mass., provider of employer-sponsored child care, early education and work/life services.

CENGAGE LEARNING: $625 million term B add-on; RBS Securities; help fund acquisition of Houghton Mifflin College Division; Stamford, Conn., provider of print and digital instructional and reference materials for the higher education and library reference markets.

CHC HELICOPTER CORP.: $850 million credit facility; Morgan Stanley; help fund buyout by First Reserve Corp.; Vancouver, Can., provider of helicopter services to the global offshore oil and gas industry.

CLEAR CHANNEL COMMUNICATIONS INC.: $19.525 billion credit facility; Citigroup, Deutsche Bank, Morgan Stanley, Credit Suisse, RBS and Wachovia; $1 billion receivables-backed revolver; $2 billion senior secured revolver; $1.25 billion senior secured term A; $12.65 billion senior secured term B; up to $2 billion senior secured term C (to be reduced by proceeds from asset sales prior to closing); $625 million senior secured delayed-draw term loan; help fund LBO by Thomas H. Lee Partners, LP and Bain Capital Partners, LLC; San Antonio media and entertainment company specializing in "gone from home" entertainment and information services.

COTT CORP.: $250 million five-year ABL revolver; refinance existing credit facility; Toronto-based provider of retailer brand soft drinks.

DURA AUTOMOTIVE SYSTEMS INC.: $340 million exit financing credit facility; $150 million first-lien term loan; $110 million revolver; $80 million second-lien term loan provided by some creditors; repay DIP and pre-bankruptcy second-lien term loan and fund plan distributions; Rochester Hills, Mich., automotive parts maker.

ENERGY AND INDUSTRIAL UTILITIES CO. LLC: $425 million credit facility (Ba3/BB); Morgan Stanley and Barclays Capital; $375 million term loan, OID 99; $50 million revolver; help fund distribution to DTE Energy Services Inc. in connection with buyout of 50% interest by GE Corporate Lending; portfolio of power and industrial projects.

ESSEX CRANE RENTAL CORP.: $170 million five-year asset-based revolver at Libor plus 225 bps; help fund buyout by Hyde Park Acquisition Corp. from Kirtland Capital Partners; Chicago-based owner of a specialized fleet of lattice-boom crawler cranes and attachments.

GETTY IMAGES INC.: New financing; Barclays Capital, GE and RBS; help fund buyout by Hellman & Friedman LLC; Seattle-based creator and distributor of still imagery, footage and multi-media products, and a provider of other forms of digital content.

GLOBAL BPO SERVICES CORP.: Roughly $108.7 million senior secured credit facility; PNC Capital Markets; $100 million five-year revolver; approximately $5.8 million domestic term loan; approximately $2.9 million foreign term loan; in connection with acquisition of Stream Holdings Corp.; Boston-based special-purpose acquisition corporation formed for the purpose of acquiring a business process outsourcing firm.

HAWKEYE GROWTH: $315 million credit facility; RBS Securities; $35 million five-year revolver; $210 million seven-year first-lien term loan, call protection 102, 101; $70 million eight-year second-lien term loan, non-callable for one year, then at 102, 101; fund the construction of two ethanol projects in Iowa.

HECLA MINING CO.: New bank debt expected to be priced at Libor plus 200 bps or less; Scotia Capital; help fund acquisition of Greens Creek mine from Rio Tinto; Coeur d'Alene, Idaho, explorer, miner and processor of silver and gold.

HEXION SPECIALTY CHEMICALS INC.: New senior secured credit facility; Credit Suisse and Deutsche Bank; help fund acquisition of Huntsman Corp.; Columbus, Ohio, thermoset resins company.

LOCAL TV LLC: New debt financing; Deutsche Bank, UBS, Bank of America and BNP Paribas; help fund Oak Hill Capital Partners' acquisition of eight television stations from News Corp.; portfolio to be jointly managed by Local TV; Covington, Ky., broadcast holding company.

MBF HEALTHCARE ACQUISITION CORP.: Up to $285 million credit facility; Jefferies; $25 million five-year revolver; $140 million to $155 million five-year first-lien term loan; $20 million one-year delayed-draw, with five-year final maturity, term loan; $40 million to $85 million six-year second-lien term loan, call protection 102, 101; help fund acquisition of Critical Homecare Solutions Holdings, Inc. from Kohlberg & Co. LLC; Coral Gables, Fla., blank check company formed for the purpose of acquiring businesses in the health care industry.

MOBILE MINI INC.: $1 billion asset-based revolver expected at Libor plus 200 bps; Deutsche Bank, Bank of America and JPMorgan; help fund acquisition of Mobile Storage Group Inc. from Welsh, Carson, Anderson & Stowe; Tempe, Ariz., provider of portable storage.

MYERS INDUSTRIES INC.: $685 million senior secured credit facility (Ba3/B+); Goldman Sachs and Key Bank; $535 million seven-year term loan; $150 million six-year revolver; help fund buyout by GS Capital Partners; Akron, Ohio, manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets.

PENN NATIONAL GAMING INC.: $7.1 billion in credit facilities; Wachovia and Deutsche Bank, with Wachovia left lead on senior secured, Deutsche left lead on unsecured; $4.6 billion senior secured seven-year term loan; $500 million senior secured 61/2-year revolver; $2 billion eight-year unsecured term loan; help fund buyout by Fortress Investment Group LLC and Centerbridge Partners LP; Wyomissing, Pa., owner and operator of casino and horse racing facilities.

PUGET ENERGY INC.: $2.425 billion senior secured credit facility; Barclays Capital and Dresdner Kleinwort; up to $1.425 billion in senior secured term loans; up to $1 billion senior secured capital expenditure facility; in connection with buyout by Macquarie Infrastructure Partners, the Canada Pension Plan Investment Board and British Columbia Investment Management Corp.; help fund capital expenditure program and working capital needs and support energy hedging activities; Bellevue, Wash., provider of electric and natural gas service.

TOUSA INC. $650 million 60-day DIP ($135 million if unable to solicit lenders) at Libor plus 525 bps, subject to a floor of 325 bps; Citigroup; help fund restructuring plan and pay normal operating expenses, and refinance first-lien debt; Hollywood, Fla., homebuilder.

VISTAR CORP.: $1.1 billion asset-based revolver or $825 million senior secured credit facility (if availability under the asset-based revolver would be less than $165 million) comprised of $100 million revolver, $75 million synthetic letter-of-credit facility and $650 million term loan; Wachovia, Credit Suisse and GE Capital; help fund buyout of Performance Food Group Co. by Blackstone Group and Wellspring Capital Management and merger into Vistar; Denver-based foodservice distributor.

WASTE INDUSTRIES USA INC.: $455 million senior secured credit facility; Wachovia and HSBC; $310 million term loan; $75 million capital expansion facility; $70 million revolver; help fund buyout by management, Macquarie Infrastructure Partners and Goldman Sachs; Raleigh, N.C., non-hazardous solid waste services company.


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