Bank Loan Calendar: $32.233 billion deals being marketed

March Bank Meetings

ON SEMICONDUCTOR CORP.: Bank meeting March 3; $2.4 billion credit facility (Ba1/BB); Deutsche Bank, Bank of America, HSBC and SMBC; $2 billion seven-year covenant-light term B; $400 million five-year revolver; help fund acquisition of Fairchild Semiconductor International Inc.; Phoenix-based semiconductor company.

Upcoming Closings

ALPHA MEDIA: $285 million first-lien credit facility (B+); Citizens Bank and Antares; $265 million six-year first-lien term loan at Libor plus 600 bps, 1% Libor floor, OID 95, 101 soft call; $20 million revolver; help fund acquisition of radio stations from Digity LLC; Portland, Ore., radio broadcast media company.

ARMSTRONG WORLD INDUSTRIES INC.: $1.05 billion credit facility (B1/BB+); Bank of America; $250 million seven-year term B talked at Libor plus 325 bps, 0.75% Libor floor, OID 99 to 99.5; $200 million revolver talked at Libor plus 200 bps; $600 million term A talked at Libor plus 200 bps; refinance existing credit facility in conjunction with separation of Armstrong Flooring Inc.; Lancaster, Pa., designer and manufacturer of floors and ceiling systems.

BOWIE RESOURCES PARTNERS LLC (WESTERN MEGAWATT RESOURCES LLC): $650 million term B (BB-); Deutsche Bank and Citigroup; fund acquisition of the El Segundo and Lee Ranch mining complexes in New Mexico and the Twentymile mining complex in Colorado from Peabody Energy Corp. and refinance existing debt; Louisville, Ky., coal producer.

CABLE & WIRELESS COMMUNICATIONS PLC: $1.37 billion credit facility; Bank of America, Goldman Sachs, Scotiabank, BNP Paribas, Citigroup, Credit Suisse, ING and RBC; $440 million seven-year covenant-light term B-1 (Ba2/BB-) at Libor plus 475 bps, 0.75% Libor floor, OID 98, 101 soft call; $360 million seven-year covenant-light term B-2 (Ba2/BB-) at Libor plus 475 bps, 0.75% Libor floor, OID 98, 101 soft call; $570 million revolver; refinance notes and revolvers, and fund a special dividend in connection with acquisition by Liberty Global plc; London-based telecommunications company.

DELL INC.: $10 billion in pro rata bank debt; JPMorgan, Credit Suisse, Bank of America, Barclays, Citigroup, Goldman Sachs, Deutsche Bank and RBC; $3 billion five-year revolver talked at Libor plus 200 bps; $3.5 billion three-year term A-1 talked at Libor plus 200 bps; $3.5 billion five-year term A-2 talked at Libor plus 225 bps; help fund acquisition of EMC Corp.; also have commitment for (but not yet launched) $8 billion seven-year term B, 101 soft call for six months, and $2.5 billion 364-day term cash flow facility; Round Rock, Texas, technology and services company.

EDGEWOOD PARTNERS INSURANCE CENTER INC.: $200 million seven-year term B (B3/B) talked at Libor plus 600 bps to 625 bps, 1% Libor floor, OID 98, 101 soft call; JPMorgan; fund an acquisition and repay existing debt; San Francisco-based insurance brokerage and consulting company.

GCA SERVICES GROUP INC.: $615 million credit facility; Goldman Sachs, Barclays, UBS, ING and Macquarie; $100 million five-year revolver (B1/B); $515 million seven-year first-lien covenant-light term loan (B1/B) at Libor plus 475 bps, 1% Libor floor, OID 98, 101 soft call for six months; help fund buyout by the merchant banking division of Goldman Sachs and Thomas H. Lee Partners LP from Blackstone; also $180 million pre-placed eight-year second-lien term loan (Caa1/CCC+); Cleveland-based provider of facility services.

HCA HOLDINGS INC.: $1.5 billion seven-year term B-6 (Ba1/BBB-/BB+) talked at Libor plus 325 bps to 350 bps, OID 99.5, 101 soft call; Bank of America, Citigroup, JPMorgan; and Wells Fargo; Nashville-based for-profit operator of health care facilities.

IMAGINE! PRINT SOLUTIONS LLC: $360 million credit facility (B2/B); RBC and Societe Generale; $40 million five-year revolver; $320 million six-year term B talked at Libor plus 600 bps to 625 bps, 1% Libor floor, OID 97, 101 soft call for six months; help fund buyout by Oak Hill Capital Partners from its founder, Bob Lothenbach; Minneapolis-based provider of printed in-store marketing solutions.

KAR AUCTION SERVICES INC.: $1.45 billion in bank debt (BB); JPMorgan; $300 million five-year revolver; $1.15 billion seven-year term B-3 talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 98.5 to 99, 101 soft call; refinance term B-1, term out revolver drawings and general corporate purposes; Carmel, Ind., provider of vehicle auction services and a provider of floorplan financing to independent and franchise used vehicle dealers.

KEURIG GREEN MOUNTAIN INC.: $6.4 billion senior secured credit facility (Ba3/BB); JPMorgan, Goldman Sachs, Morgan Stanley, BNP Paribas, Citigroup, HSBC and Rabobank; $500 million five-year revolver; $3.075 billion five-year term A; $1.875 billion seven-year covenant-light term B at Libor plus 450 bps, 0.75% Libor floor, OID 98, 101 soft call; $950 million euro equivalent seven-year covenant-light term B at Euribor plus 425 bps, 0.75% floor, OID 98, 101 soft call; help fund purchase by JAB Holding Co.-led investor group; Waterbury, Vt., personal beverage system company.

KONECRANES TEREX PLC: $1.6 billion credit facility (Ba2/BB+); Credit Suisse, Citigroup, Commerzbank, Credit Agricole and Nordea Bank; $900 million-equivalent seven-year term loan B (split into $355 million and €500 million tranches) at Libor plus 375 bps, 0.75% floor, OID 98; 101 soft call; $700 million multi-currency revolver; help fund merger of Terex Corp. and Konecranes plc and refinance existing debt; diversified equipment manufacturer and lifting solutions.

MANITOWOC FOODSERVICE INC.: $975 million seven-year term B (B+) at Libor plus 475 bps, 1% Libor floor, OID 98, 101 soft call; JPMorgan and Goldman Sachs; help fund spinoff from Manitowoc Co. Inc.; New Port Richey, Fla., commercial foodservice equipment company.

SELECT MEDICAL HOLDINGS CORP.: Expected close March 4; $625 million five-year term F (Ba2/B+) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 98 to 98.5, 101 soft call for six months; JPMorgan, Wells Fargo, Bank of America, Deutsche Bank, Goldman Sachs, Morgan Stanley and RBC; help fund acquisition of Physiotherapy Associates Holdings Inc. and refinance term D; Mechanicsburg, Pa., health care company.

SOLERA HOLDINGS INC.: Expected close Feb. 29 week; $2.5 billion senior secured credit facility (Ba3/B); Goldman Sachs, Citigroup, Jefferies, Macquarie, Nomura and UBS; $300 million revolver; $2.2 billion seven-year covenant-light ($1.5 billion U.S. and $700 million euro-equivalent) term B at Libor/Euribor plus 475 bps, 1% floor, OID 97, 101 soft call; help fund buyout by Vista Equity Partners; San Ramon, Calif., provider of software and services to the automobile insurance claims processing industry.

VIVID SEATS LTD.: $253 million six-year first-lien term loan (B2/B+) at Libor plus 600 bps, 1% Libor floor, OID 93, 101 soft call for six months; RBC and SG; in connection with strategic partnership with Vista Equity Partners; Chicago-based full-service secondary ticket marketplace for live sports, concerts and theater events.

On The Horizon

ADT CORP.: $4.695 billion in first-and second-lien debt; Barclays, Citigroup, Deutsche Bank and RBC;$1.555 billion in first-lien term loans (Ba2/BB-); $3.14 billion in second-lien financing (B3/B-); help fund buyout by Apollo Funds and merger with Protection 1; Boca Raton, Fla., provider of monitored security, interactive home and business automation and related monitoring services.

API TECHNOLOGIES CORP.: New senior debt; BNP Paribas; help fund buyout by J. F. Lehman & Co.; Orlando, Fla., provider of high performance RF, microwave, millimeterwave, power and security solutions.

BLOUNT INTERNATIONAL INC.: $550 million senior secured credit facility; Barclays and KeyBanc; $75 million revolver, $300 million term loan, $175 million euro-equivalent term loan; help fund acquisition by American Securities LLC and P2 Capital Partners LLC; closing expected in first half of 2016; Portland, Ore.-based manufacturer and marketer of replacement parts, equipment and accessories for consumers and professionals operating in forestry, lawn and garden; farm, ranch and agriculture; and concrete cutting and finishing.

CISION: New debt financing; Deutsche Bank, Barclays and RBC; help fund acquisition of PR Newswire from UBM plc; Chicago-based media intelligence company.

DIALOG SEMICONDUCTOR: $2.1 billion seven-year covenant-light term loan (Ba2/BB) expected at Libor plus 325 bps, 0.75% Libor floor; Morgan Stanley; help fund acquisition of Atmel Corp.; London-based provider of highly integrated standard and custom mixed-signal integrated circuits.

DILIGENT CORP.: $290 million senior secured credit facility; Golub Capital; $10 million revolver; $280 million term loan; help buyout by Insight Venture Partners; New York-based provider of secure online collaboration and document sharing solutions for boards and senior executives.

DYNEGY INC./ENERGY CAPITAL PARTNERS JOINT VENTURE: Up to $1.85 billion secured term loan; help fund acquisition of ENGIE’s United States fossil portfolio in connection with formation of joint venture; portfolio consists of 8,731 megawatts of generation capacity located in ERCOT, PJM, and ISO-New England.

FORMFACTOR INC.: $150 million senior secured term loan; HSBC, MUFG, Comerica Bank and Silicon Valley Bank; help fund acquisition of Cascade Microtech Inc.; Livermore, Calif., provider of wafer test technologies and expertise.

GLOBAL PAYMENTS INC.: $1.095 billion term B; Bank of America, MUFG, PNC, TD Securities, SunTrust, Fifth Third, Barclays and Capital One; help fund acquisition of Heartland Payment Systems Inc.; Atlanta-based provider of payment technology services.

MKS INSTRUMENTS INC.: $850 million senior secured credit facility; Barclays (left on term loan) and Deutsche Bank (left on revolver); $800 million seven-year covenant-light term loan expected at Libor plus 450 bps, 0.75% Libor floor, 101 soft call for six months; $50 million five-year ABL revolver expected at Libor plus 175 bps; help fund acquisition of Newport Corp.; Andover, Mass., provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes.

NEXSTAR BROADCASTING GROUP, INC.: New bank debt; Bank of America, Credit Suisse and Deutsche Bank; help fund acquisition of Media General Inc.; Irving, Texas, diversified media company.

NEW FLYER INDUSTRIES INC.: $825 million four-year senior secured credit facility; Bank of Nova Scotia and BMO; $343 million revolver; $482 million term loan; fund acquisition of Motor Coach Industries International Inc. from KPS Capital Partners LP and refinance existing credit facilities; Winnipeg-based manufacturer of heavy-duty transit buses.

PINNACLE ENTERTAINMENT INC. OPCO: $935 million senior secured credit facility; JPMorgan, Bank of America, Goldman Sachs, Fifth Third, U.S. Bank, Credit Agricole, Deutsche Bank and Wells Fargo; $400 million five-year revolver expected at Libor plus 200 bps; $185 million five-year term A expected at Libor plus 200 bps; $350 million seven-year covenant-light term B; help fund spinoff of operating business and the real property of Belterra Park Gaming & Entertainment from Pinnacle.

VISTA OUTDOOR INC.: Roughly $300 million term A; help fund acquisition of BRG Sports Inc.’s Action Sports division; Clearfield, Utah, designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets.

WESTERN DIGITAL CORP.: $10 billion credit facility; Bank of America, JPMorgan, Credit Suisse and RBC; $1 billion revolver; $3 billion five-year term A; $6 billion seven-year term B; help fund acquisition of SanDisk Corp. and refinance existing debt; Irvine, Calif., developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content.

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