Bank Loan Calendar: $1.135 billion deals being marketed

UPCOMING CLOSINGS

EARTHBOUND FARM: $135 million credit facility; RBC Capital Markets; $35 million revolver at Libor plus 500 bps, OID 98; $100 million term A at Libor plus 500 bps, OID 98; fund LBO by Lindsey Goldberg; San Juan Bautista, Calif., organic produce company.

TYSON FOODS INC.: Expected close in March; $1 billion three-year senior secured ABL revolver talked at Libor plus 400 bps; JPMorgan, Bank of America, Barclays, Wachovia and Rabobank, with JPMorgan left lead; replace existing revolver; Springdale, Ark., processor and marketer of chicken, beef and pork.

ON THE HORIZON

CCC-MITCHELL INC.: New credit facility; Goldman Sachs involved; refinance existing debt in connection with merger of CCC Information Services Inc. and Mitchell International Inc.; provider of information, workflow management systems and integrated software to insurance companies and collision repair facilities.

DELPHI CORP. $3.95 billion exit facility; $1.2 billion asset-based revolver; $2.75 billion in first- and second-lien term loans; Troy, Mich., automotive electronics manufacturer.

INSITUFORM TECHNOLOGIES INC.: $100 million senior credit facility; Bank of America; $50 million term loan; $50 million revolver; help fund acquisition of Corrpro Cos. Inc.; Chesterfield, Mo.-based provider of proprietary trenchless technologies to rehabilitate, replace, maintain and install underground pipes.

IOWA TELECOMMUNICATIONS SERVICES INC.: $75 million in incremental loans; Rural Telephone Finance Cooperative; help fund the acquisition of Sherburne Tele Systems Inc.; Newton, Iowa, telecommunications service provider.

TALBOTS INC.: $200 million six-month, extendable to 2012, unsecured term loan at Libor plus 600 bps; Aeon Co. Ltd.; repay existing acquisition term loan; Hingham, Mass., specialty retailer and direct marketer of women's apparel, shoes and accessories.

TRIDENT RESOURCES CORP.: New revolver; in connection with common stock IPO to repay existing debt; Calgary, Alta., natural gas production company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.