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Published on 8/5/2009 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $2.405 billion deals being marketed

AUGUST BANK MEETINGS

AFFINIA GROUP INC.: Bank meeting Aug. 10; $315 million ABL revolver talked at Libor plus 400 bps, undrawn fee ranging from 75 bps to 100 bps; Bank of America Merrill Lynch, Barclays, Wells Fargo, JPMorgan and Deutsche Bank; help refinance existing term loan, revolver and accounts receivable securitization facility; Ann Arbor, Mich., on- and off-highway replacement products and services company.

UPCOMING CLOSINGS

AMERICAN DENTAL PARTNERS, INC.: $120 million credit facility; KeyBanc Capital Markets; Wakefield, Mass.-based provider of dental facilities, support staff and business services to dental group practices.

GRANDE COMMUNICATIONS: $128 million credit facility; Societe Generale and SunTrust; $25 million five-year revolver at Libor plus 675 bps, 3% Libor floor, OID 97; $103 million six-year term loan at Libor plus 675 bps, 3% Libor floor, OID 97; help fund buyout by ABRY Partners; San Marcos, Texas, provider of high-speed internet, local and long-distance telephone and digital cable services.

NTELOS HOLDINGS CORP.: $670 million credit facility (Ba3/BB-); JPMorgan; $635 million six-year first-lien term loan at Libor plus 375 bps, 2% Libor floor, OID 99; $35 million revolver; refinance and extend the maturity of $603 million first-lien term loan due August 2011 and for general corporate purposes; Waynesboro, Va., integrated communications provider.

SOTHEBY'S: $150 million three-year asset-based revolver talked at Libor plus 400 bps, 2% Libor floor, 100 bps unused fee; GE Capital; replace existing revolver; New York-based auctioneer of fine art, antiques and decorative art, and jewelry and collectibles.

SPECTRUM BRANDS INC.: $242 million three-year senior secured asset-based revolving exit facility; GE Capital; $197 million revolver at Libor plus 400 bps, 2.5% Libor floor; $45 million first-in, last-out supplemental revolver at Libor plus 1,450 bps, 3% Libor floor; Atlanta-based consumer products company and supplier of batteries, lawn and garden products, pet supplies, shaving and grooming products, household insect control products, personal care products and portable lighting.

SUGARHOUSE CASINO: $180 million credit facility; Credit Suisse and Jefferies; $10 million revolver; $20 million delayed-draw term loan talked at Libor plus 825 bps, 3% Libor floor, OID 96; $150 million term loan talked at Libor plus 825 bps, 3% Libor floor, OID 96; fund construction of the SugarHouse Casino owned by HSP Gaming LP on the Delaware River in Philadelphia.

UPC HOLDINGS BV: $300 million add-on to Libor plus 350 bps term loan T due December 2016, OID 96; JPMorgan; provider of video, voice and broadband internet services.

WYNNEWOOD REFINING CO.: $300 million credit facility (B2/BB-); Deutsche Bank; $150 million term loan talked at Libor plus 650 bps to 700 bps, OID 90, 3% Libor floor; $150 million asset-based revolver; refinance debt and for general corporate purposes; Wynnewood, Okla., company that's a wholly owned subsidiary of Gary-Williams Energy Corp.

ON THE HORIZON

ABRAXAS PETROLEUM CORP.: $300 million senior secured revolver expected at Libor plus 250 bps to 350 bps based on use; Société Générale; repay existing bank debt in connection with its merger with Abraxas Energy Partners LP; San Antonio, Texas, crude oil and natural gas exploration and production company.

AMERICAN CAMPUS COMMUNITIES INC.: $200 million three-year senior secured revolver; KeyBank; replace existing revolver; Austin, Texas, real estate investment trust focused on student housing properties.

NEWGASCO: New credit facility; help create new company from merger of Quest Resource Corp., Quest Energy Partners LP and Quest Midstream Partners LP; Oklahoma City-based energy company.

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


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