Bank Loan Calendar: $17.7455 billion deals being marketed

November Bank Meetings

C&J ENERGY SERVICES INC.: Bank meeting Nov. 10; new credit facility; Citigroup, Bank of America, Wells Fargo and JPMorgan; help fund merger with Nabors’ completion and production services business; Houston-based provider of hydraulic fracturing, coiled tubing, cased-hole wireline, pumpdown and other oilfield services.

Upcoming Closings

ABACO ENERGY TECHNOLOGIES LLC: $200 million credit facility; Deutsche Bank and BNP Paribas; $25 million revolver; $175 million seven-year term B (B3/B) talked at Libor plus 575 bps, 1% Libor floor, OID 99, 101 soft call; help fund acquisition of Basin Tools Inc.; Houston-based oil field services company.

ALLIANCE DATA SYSTEMS CORP.: $1.1 billion five-year incremental term A talked at Libor plus 175 bps; Wells Fargo, Bank of America, JPMorgan, SunTrust, Fifth Third, RBC, BNP Paribas, Bank of Tokyo-Mitsubishi and Mizuho; help fund the acquisition of Conversant Inc.; Plano, Texas, provider of direct marketing services.

AMAG PHARMACEUTICALS INC.: $340 million six-year senior secured first-lien term B (Ba3/B+) at Libor plus 625 bps, 1% Libor floor, OID 99, call protection 102, 101; Jefferies; help fund acquisition of Lumara Health Inc.; Waltham, Mass., specialty pharmaceutical company.

BLUESTEM BRANDS INC.: $380 million credit facility; Credit Suisse and Jefferies on term loan, U.S. Bank on revolver; $300 million six-year first-lien term loan (B2/B) at Libor plus 750 bps, 1% Libor floor, OID 96, 101 soft call; $80 million asset-based revolver; help fund acquisition by Capmark Financial Group Inc.; Eden Prairie, Minn., online retailer of name brand and private label general merchandise.

BRIDON LTD.: $443 million credit facility; RBC and Nomura; $40 million five-year revolver; $290 million seven-year first-lien term loan talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $113 million eight-year second-lien term loan talked at Libor plus 825 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by The Ontario Teachers’ Pension Plan from Melrose Industries plc; Doncaster, U.K., manufacture of wire rope.

CARECORE NATIONAL LLC: $570 million of new bank debt; RBC, Fifth Third and GE Capital; $35 million revolver; $535 million add-on term B talked at Libor plus 450 bps, 1% Libor floor, OID 98½ to 99; fund acquisition of MedSolutions; Bluffton, S.C.-based provider of specialty benefits management services.

CISION INC.: $170 million seven-year first-lien tack-on term loan talked at Libor plus 500 bps, 1% Libor floor, OID 98, 101 soft call; Credit Suisse; fund recently completed acquisition of Gorkana Group Ltd.; Chicago-based provider of cloud-based PR software.

CREGANNA-TECTX MEDICAL: $300 million credit facility; RBC, Morgan Stanley, Bank of Ireland and Societe Generale; $25 million revolver (B); $185 million first-lien term loan (B) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $90 million second-lien term loan (CCC+) talked at Libor plus 825 bps to 850 bps, 1% Libor floor, OID 98½, call protection 102, 101; help fund the acquisition of Precision Wire Components LLC from the Riverside Co.; Galway, Ireland, provider of medical device outsourcing services.

EMCORE PHOTOVOLTAICS: $72.5 million credit facility; Citizens Financial; $15 million revolver; $57.5 million term loan talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Veritas Capital from Emcore Corp.; Albuquerque, N.M., provider of products for space power applications.

ENDEMOL: $300 million-equivalent add-on term loan due Aug. 13, 2021; Deutsche Bank, Credit Suisse and Nomura; U.S. tranche talked at Libor plus 575 bps, 1% Libor floor, OID 96 to 97, euro tranche talked at Euribor plus 600 bps, 1% floor, OID 97 area; help fund 50/50 joint venture between 21st Century Fox and Apollo Global Management LLC to combine Endemol, Shine Group and CORE Media to create a multi-platform content provider; Amsterdam-based creator, producer and distributor of multiplatform entertainment.

ESSAR STEEL ALGOMA: $375 million 4¾-year first-lien term loan (Ba3/B+) at Libor plus 650 bps, 1% Libor floor, OID 98, call protection 101, 101; Deutsche Bank, Goldman Sachs and Jefferies; refinance capital structure; Sault Ste. Marie, Ont., steel producer.

EXPRESS ENERGY SERVICES LLC: $280 million credit facility; UBS and Goldman Sachs; $60 million five-year ABL revolver; $220 million seven-year term B (B3/B) talked at Libor plus 675 bps, 1% Libor floor, OID 98½, call protection 102, 101; help fund buyout by Apollo Global Management LLC; Houston-based oilfield services company.

GREAT WOLF RESORTS HOLDINGS INC.: $585 million of term loans; Deutsche Bank, Barclays, Goldman Sachs and Apollo; $465 million first-lien covenant-light term loan (B2/BB-) (including $150 million add-on) due Aug. 6, 2020 talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99 on add-on, 101 soft call; $120 million seven-year second-lien covenant-light term loan (Caa2/B-) talked at Libor plus 800 bps to 825 bps, 1% Libor floor, OID 98½ to 99, call protection 102, 101 with a one year IPO claw at 101; refinance existing debt and pay a dividend; Madison, Wis., indoor water park resort operator.

HEALTHPORT: $355 million credit facility (B2); Credit Suisse; $30 million revolver; $325 million seven-year first-lien covenant-light term loan talked at Libor plus 550 bps, 1% Libor floor, OID 98½, 101 soft call for six months; help fund buyout by New Mountain Capital; Alpharetta, Ga., provider of release of information services for the health care industry.

LONESTAR GENERATION: Expected close mid- to late November; $672 million senior secured covenant-light term loan B (BB-) due Feb. 20, 2021 (including $160 million add-on) talked at Libor plus 425 bps, 1% Libor floor, OID 98 to 99 on add-on, 101 soft call for six months; Citigroup and Deutsche Bank; help fund acquisition of Twin Oaks and Walnut Creek; owner of Texas gas-fired power stations.

MEDIA GENERAL INC.: $915 million senior secured credit facility (Ba3/BB+); RBC, Deutsche Bank, SunTrust, U.S. Bank and Capital One; incremental $90 million revolver at Libor plus 250 bps; $825 million covenant-light term B-2 due July 2020 at Libor plus 325 bps, 1% Libor floor, OID 98¾, 101 soft call for six months; help fund merger with LIN Media LLC and refinance some LIN debt; Richmond, Va., local television broadcasting and digital media company.

MUELLER WATER PRODUCTS INC.: $500 million seven-year covenant-light term B (B2/BB) talked at Libor plus 375 bps, 0.75% Libor floor, OID 99 to 99½, 101 soft call for six months; Bank of America, JPMorgan, Wells Fargo, SunTrust, TD Securities, Goldman Sachs, Credit Suisse and MCS Capital; refinance existing debt; Atlanta-based manufacturer and marketer of drinking water transmission, distribution and treatment facilities.

MULTI PACKAGING SOLUTIONS INC./CHESAPEAKE MPS MERGER LTD.: $135 million incremental term loan due Sept. 30, 2020 talked at Libor plus 325 bps, 1% Libor floor, OID 98, 101 soft call for six months; Barclays; fund the acquisition of the North American and Asian Print businesses from ASG Group; New York-based provider of value-added packaging services.

NAVEX GLOBAL: $310 million credit facility; GE Capital and Golub Capital; $20 million five-year revolver (B2/B-) talked at Libor plus 450 bps to 475 bps; $200 million seven-year first-lien covenant-light term loan (B2/B-) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $90 million eight-year second-lien covenant-light term loan (Caa2/CCC) talked at Libor plus 825 bps, 1% Libor floor, OID 98½, call protection 102, 101; help fund buyout by Vista Equity Partners from The Riverside Co.; Lake Oswego, Ore.-based provider of ethics and compliance software, content and services.

NETAFIM LTD.: $250 million seven-year term B (B1/BB-) talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance existing debt; Tel Aviv, Israel, drip and micro-irrigation services company.

NORWEGIAN CRUISE LINE HOLDINGS LTD.: $1.05 billion of senior secured term loans; JPMorgan, Barclays and Deutsche Bank; $350 million seven-year term B at Libor plus 325 bps, 0.75% Libor floor, OID 99½, 101 soft call; $700 million incremental term A at Libor plus 225 bps; help fund acquisition of Prestige Cruises International Inc.; Miami-based cruise company.

NOVETTA SOLUTIONS: $165 million credit facility; Societe Generale; $25 million revolver; $140 million first-lien term loan talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99; refinance existing debt and fund two tuck-in acquisitions; McLean, Va., advanced analytics technology company.

PANDA STONEWALL: $475 million of term loans (BB-); Goldman Sachs, Credit Suisse, ICBC, Investec and MUFG; $325 million term loan talked at Libor plus 600 bps, 1% Libor floor, OID 99, non-call 2½ years, 102, 101; $150 million delayed-draw term loan talked at Libor plus 600 bps, 1% Libor floor, OID 99, non-call 2½ years, 102, 101; fund construction of the Panda Stonewall Power Project; clean natural gas-fueled combined-cycle generating station in Loudoun County, Va.

PARQ RESORT & CASINO (PARQ LTD. HOLDINGS PARTNERSHIP): $175 million of six-year senior secured term loans (Ba3); Credit Suisse and Dundee Securities; $130 million term loan talked at Libor plus 700 bps to 750 bps, 1% Libor floor, OID 98, non-call 2½, 101; $45 million delayed-draw term loan talked at Libor plus 700 bps to 750 bps, 1% Libor floor, OID 98, non-call 2½, 101; fund construction; resort and casino in Vancouver.

PIKE CORP.: $540 million senior secured credit facility; JPMorgan, Keybanc and SunTrust; $100 million five-year revolver (B2/B+); $310 million seven-year first-lien term loan (B2/B+) at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call; $130 million 7½-year second-lien term loan (Caa2/CCC+) at Libor plus 850 bps, 1% Libor floor, OID 97½, call protection 103, 102, 101; help fund buyout by Court Square Capital Partners and J. Eric Pike; Mount Airy, N.C., specialty construction and engineering firm.

SOUTHEAST POWERGEN LLC: $550.5 million senior secured credit facility (Ba2/BB); Morgan Stanley, MUFG Union Bank and Citigroup; $70.5 million revolver; $480 million term B at Libor plus 350 bps, 1% Libor floor, OID 99, 101 soft call; fund acquisition of 75.05% of the company by Carlyle Group from ArcLight Capital Partners and GIC, repay existing debt, fund an operating expense reserve account, partially fund a debt service reserve and make a distribution to GE EFS; portfolio of six natural gas-fired power plants in Georgia.

SUMMIT RESEARCH LABS: $90 million credit facility; Citizens Financial; $10 million five-year revolver; $80 million six-year term B talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; help refinance existing debt and fund a dividend; Huguenot, N.Y., manufacturer of active ingredients for antiperspirants.

TECOMET: $770 million credit facility; Credit Suisse, GE Capital and Goldman Sachs; $60 million five-year revolver (B2/B); $520 million seven-year first-lien covenant-light term loan (B2/B) talked at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $190 million eight-year second-lien covenant-light term loan (Caa2/CCC+) talked at Libor plus 825 bps, 1% Libor floor, OID 98½, call protection 102, 101; help fund acquisition of Symmetry Medical Inc.’s OEM Solutions business; Wilmington, Mass., based contract manufacturing, engineering and metal fabrication technology company.

TIBCO SOFTWARE INC.: $2.075 billion secured credit facility (B-); JPMorgan, Jefferies, Apollo and MCS Capital; $125 million five-year revolver talked at Libor plus 450 bps; $1.65 billion six-year covenant-light first-lien term loan talked at Libor plus 450 bps, 1% Libor floor, OID 98½ to 99; $300 million one-year asset-sale bridge loan talked at Libor plus 450 bps, 1% Libor floor, OID 99 to 99½; help fund buyout by Vista Equity Partners; Palo Alto, Calif., infrastructure and business intelligence software company.

TIERPOINT: $460 million credit facility; RBC and Credit Suisse; $40 million revolver (B2/B+); $320 million first-lien term loan (B2/B+) talked at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $100 million second-lien term loan (Caa2/CCC+) talked at Libor plus 800 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund acquisition of Xand from ABRY Partners; St. Louis-based provider of cloud, colocation and managed services.

TOTAL MERCHANT SERVICES INC.: $175 million credit facility (B2/B+); Credit Suisse; $15 million revolver; $160 million seven-year first-lien term loan talked at Libor plus 500 bps, 1% Libor floor, OID 99, 101 soft call; refinance existing debt and fund a dividend; merchant acquirer for payment processing.

TRANSFIRST INC.: $1.07 billion credit facility; Jefferies, Guggenheim and Nomura; $50 million five-year revolver (B2/B); $700 million seven-year covenant-light first-lien term loan (B2/B) at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $320 million eight-year covenant-light second-lien term loan (Caa2/CCC+) at Libor plus 800 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Vista Equity Partners; Hauppauge, N.Y., provider of secure payment processing.

UNITE PRIVATE NETWORKS: $272.5 million credit facility; SunTrust and RBC; $30 million five-year revolver talked at Libor plus 400 bps; $110 million five-year delayed-draw term loan talked at Libor plus 400 bps; $85 million five-year first-lien term B talked at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $47.5 million six-year second-lien term loan talked at Libor plus 775 bps to 800 bps, 1% Libor floor, OID 98½, call protection 102, 101; refinance existing debt and general corporate purposes, including potential acquisitions; Liberty, Mo., provider of high-bandwidth, fiber-based communications networks and related services.

WHEELABRATOR TECHNOLOGIES INC.: $1.71 billion credit facility; Deutsche Bank, Barclays and BNP Paribas; $145 million five-year revolver (Ba2/BB-); $1.25 billion seven-year first-lien covenant-light term B (Ba2/BB-) at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call; $55 million first-lien covenant-light term C (Ba2/BB-) at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call; $260 million eight-year second-lien covenant-light term loan (B1/B) at Libor plus 700 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Energy Capital Partners from Waste Management Inc.; Hampton, New Hampshire, owner and operator of waste-to-energy facilities and independent power-producing facilities.

WHITE BIRCH PAPER: $185 million five-year first-lien term loan (B2/B+) at Libor plus 800 bps, 1% Libor floor, OID 95, non-call one, 102, 101; Credit Suisse; refinance existing debt; Greenwich, Conn., manufacturer of newsprint, directory paper and paperboard.

On The Horizon

ACADIA HEALTHCARE CO. INC.: Up to $580 million senior secured term B; Bank of America and Jefferies; help fund acquisition of CRC Health Group Inc.; Franklin, Tenn.-based provider of inpatient behavioral health care services.

CAMBRIAN COAL CORP.: New debt financing; help fund acquisition of TECO Coal from TECO Energy Inc.; coal company.

COMPUWARE CORP.: $1.9 billion senior secured credit facility; Jefferies, Credit Suisse and Deutsche Bank; $100 million revolver; $1.25 billion first-lien term loan; $550 million second-lien term loan; also $105 million first-lien asset sale bridge loan; help fund buyout by Thoma Bravo LLC; Detroit-based technology performance company.

CRGT INC.: New debt financing; Credit Suisse; help fund buyout by Bridge Growth Partners LLC from Veritas Capital; Reston, Va., provider of custom software development and data analytics to federal government agencies.

DEALOGIC: New debt financing; JPMorgan, Barclays and Deutsche Bank; help fund buyout by Carlyle Group from company management and founders; New York and London-based provider of data and analytics, market intelligence and capital markets software services for financial institutions.

DIGITAL RIVER INC.: New credit facility; Macquarie; revolver; first-lien term loan; second-lien term loan that was pre-sold; help fund buyout by Siris Capital Group LLC; Minneapolis-based provider of commerce as a service.

DOLLAR TREE INC.: $6.65 billion credit facility; JPMorgan, Wells Fargo, Bank of America, RBC, U.S. Bank, PNC, TD Bank, Capital One, Regions Bank, Citizens Bank, The Bank of Tokyo-Mitsubishi UFJ, SunTrust, Sumitomo Mitsui, HSBC, Fifth Third and The Huntington National Bank; $1.25 billion revolver; $5.4 billion term loan; help fund acquisition of Family Dollar Stores Inc.; Chesapeake, Va., discount store operator.

ENDO INTERNATIONAL: Up to $1.5 billion incremental term B; Citigroup; help fund acquisition of Auxilium Pharmaceuticals Inc.; Dublin-based specialty health care company.

ENVIVA PARTNERS LP: $215 million five-year senior secured credit facility; $40 million revolver expected at Libor plus 375 bps; $175 million term loan expected at Libor plus 375 bps; refinance existing debt and make a distribution to the sponsor in connection with initial public offering of common units; Bethesda, Md., supplier of utility-grade wood pellets to power generators.

GFI HOLDCO INC.: $225 million five-year senior secured term loan expected at Libor plus 525 bps, 1% Libor floor, 101 soft call; Jefferies; fund acquisition of GFI Group’s wholesale brokerage and clearing businesses; New York-based provider of trading technologies and support services.

GLOBAL CASH ACCESS HOLDINGS INC.: $850 million senior secured credit facility; Bank of America and Deutsche Bank; $50 million five-year revolver expected at Libor plus 350 bps, 50 bps unused fee; $800 million seven-year covenant-light term B expected at Libor plus 400 bps, 1% Libor floor, 101 soft call for six months; help fund acquisition of Multimedia Games Holding Co. Inc.; Las Vegas-based provider of fully integrated cash access and related services to the gaming industry.

GREATLAND CONNECTIONS INC.: New term loans and revolver; help fund acquisition of about 2.5 million customers from Comcast/Time Warner Cable; newly formed cable company.

IMPAX LABORATORIES INC.: $460 million senior secured credit facility; Barclays; $25 million revolver; $435 million term loan; help fund the acquisitions of Tower Holdings Inc. and Lineage Therapeutics Inc.; Hayward, Calif., technology-based specialty pharmaceutical company.

KREMERS URBAN PHARMACEUTICALS INC.: New debt financing; Credit Suisse, Morgan Stanley, Goldman Sachs and Jefferies; help fund buyout by Advent International and Avista Capital Partners from UCB SA; Princeton, N.J., specialty generic pharmaceuticals company.

PLATFORM SPECIALTY PRODUCTS CORP.: $1.6 billion incremental first-lien term loan; Barclays, Credit Suisse, Nomura and UBS; help fund acquisition of Arysta LifeScience Ltd.; Miami-based specialty chemicals company.

PRIMARY ENERGY RECYCLING CORP.: $215 million senior credit facility; Investec USA; help fund buyout by Fortistar LLC; Oak Brook, Ill., clean energy company that generates revenue from capturing and recycling recoverable heat and byproduct fuels from industrial processes.

RENTPATH INC.: $725 million credit facility; RBC, UBS, Nomura and Macquarie; $50 million five-year revolver; $475 million seven-year first-lien term loan; $200 million eight-year second-lien term loan; help fund Providence Equity Partners’ purchase of a stake in the company from TPG and refinance existing debt; Norcross, Ga., vertical search company for apartment and home renters.

TASC INC.: Up to $625 million of incremental debt; Barclays and Jefferies; $40 million incremental senior secured revolver; $435 million incremental senior secured first-lien term loan; $150 million in senior secured second-lien term loan borrowings or debt securities; refinance debt and fund a cash dividend with acquisition by Engility Holdings Inc.; Chantilly, Va., pure-play government services contractor.

TERRAFORM POWER INC.: $275 million incremental term loan; fund acquisition of 77.6 MW DC of distributed generation solar power plants from the Capital Dynamics U.S. Solar Energy Fund LP; Beltsville, Md., owner and operator of renewable energy power plants.

TIPTREE FINANCIAL INC.: $140 million secured credit facility; Wells Fargo; $90 million revolver; $50 million term loan; help fund acquisition of Fortegra Financial Corp.; New York-based diversified holding company that operates in the insurance and insurance services, specialty finance, asset management and real estate segments.

TTM TECHNOLOGIES INC.: $1.265 billion senior secured credit facility; JPMorgan and Barclays; $150 million five-year asset-based revolver expected at Libor plus 175 bps, 37.5 bps unused fee; $1.115 billion seven-year covenant-light term B expected at Libor plus 350 bps, 1% Libor floor, 101 soft call for six months; help fund acquisition of Viasystems Group Inc., refinance some debt and general corporate purposes; Costa Mesa, Calif., printed circuit board manufacturer.

VARSITY BRANDS: New debt financing; Goldman Sachs, Barclays, Ares Capital and Crescent Mezzanine; help fund buyout by Charlesbank Capital Partners; Memphis, Tenn., portfolio of brands that promote student participation while celebrating academic and athletic achievement.

VISTA OUTDOOR INC.: $750 million senior secured credit facility; Bank of America; $400 million five-year revolver; $350 million five-year term loan; help fund its spin-off of sporting group from Alliant Techsystems Inc.; Utah-based outdoor recreation products company.

WARRANTY GROUP INC.: $647 million credit facility; JPMorgan, UBS, Goldman Sachs, Morgan Stanley, Bank of Tokyo- Mitsubishi and Citigroup; $30 million revolver at Libor plus 200 bps; $330 million term A at Libor plus 200 bps; $287 million term B; help fund buyout by TPG from Onex Corp.; Chicago-based provider of warranty services and related programs.

WESTMORELAND RESOURCES GP LLC: $295 million four-year senior secured first-lien term loan (including $120 million delayed-draw); refinance debt in connection with merger of Oxford Resource Partners LP and Westmoreland Coal Co.; coal 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.