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Published on 5/12/2017 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $57.2455 billion deals being marketed

May Bank Meetings

AGS: Bank meeting May 18; new credit facility; Jefferies and Macquarie; refinance existing credit facility; Las Vegas-based designer and manufacturer of gaming products for the casino floor.

AMERICAN TRAFFIC SOLUTIONS: Bank meeting May 15; $425 million in term loans; Bank of America, BMO, Credit Suisse, Deutsche Bank and Morgan Stanley; $325 million seven-year covenant-light first-lien term loan; $100 million eight-year covenant-light second-lien term loan; help fund buyout company by Platinum Equity; Mesa, Ariz., provider of road safety cameras and toll and violations management solutions.

ASHLAND GLOBAL HOLDINGS INC.: Bank meeting May 15; new loan; Citigroup; Covington, Ky., specialty chemicals company.

AXALTA COATING SYSTEMS U.S. HOLDINGS INC.: Conference call May 15; $450 million seven-year covenant-light term loan (Ba1), 101 soft call for six months; Deutsche Bank; fund acquisition of Valspar Corp.’s North American industrial wood coatings business; Philadelphia-based manufacturer, marketer and distributor of high performance coatings systems.

EXELA TECHNOLOGIES: Bank meeting expected late May/early June; $625 million senior secured credit facilities (B2/B+); RBC, Credit Suisse, Natixis and KKR; $100 million revolver; $525 million term loan; help fund creation through merger of Quinpario Acquisition Corp. 2, SourceHOV LLC and Novitex Holdings Inc.; solutions provider for financial technology and business services.

HYLAND SOFTWARE INC.: Conference call May 15; $760 million in bank debt; Credit Suisse, Goldman Sachs and UBS; $60 million incremental revolver; $460 million incremental first-lien term loan due July 2022 talked at Libor plus 325 bps, 0.75% Libor floor, 101 soft call for six months; $240 million eight-year covenant-light second-lien term loan, 0.75% Libor floor, call protection 102, 101; fund acquisition of Perceptive Software from Lexmark International Inc.; Westlake, Ohio, enterprise content-management software developer.

ROUGH COUNTRY: $310 million credit facilities; Golub leading first-lien, Carlyle Private Credit leading second-lien; $20 million revolver; $205 million covenant-light first-lien term loan; $85 million privately placed second-lien term loan; help fund buyout by Gridiron Capital from Audax Private Equity; Dyersburg, Tenn., supplier of aftermarket suspension lift kits and components to the off road SUV and light truck enthusiast market.

YONKERS RACING CORP.: Conference call May 15; $260 million seven-year first-lien term loan B (B1/B+) talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; JPMorgan; help refinance existing first-and second-lien term loans; owner and operator of a gaming and entertainment facility comprised of Empire City Casino and Yonkers Raceway.

Upcoming Closings

AIR MEDICAL GROUP HOLDINGS INC.: Expected closing May 29 week; $750 million add-on covenant-light first-lien term B (B3) due April 28, 2022 at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Morgan Stanley, KKR, Jefferies, Nomura and Wells Fargo; fund the acquisition of Air Medical Resource Group; Lewisville, Texas, provider of air ambulance services.

ALEXANDER MANN SOLUTIONS: $305 million credit facilities (B2/B+); Credit Suisse, ING and HSBC; $40 million revolver; $265 million seven-year first-lien term loan talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a shareholder distribution; Berkshire, England, talent acquisition and management business.

ALL METRO HEALTH CARE: $255 million credit facilities; Capital One and BMO; $30 million five-year revolver talked at Libor plus 475 bps, OID 99; $225 million six-year term B talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing bank debt; Valley Stream, N.Y., provider of home care services.

APTEAN INC.: Expected closing late May; $100 million add-on senior secured covenant-light first-lien term B (B) due Dec. 20, 2022 talked at Libor plus 500 bps, 1% Libor floor, 101 soft call through June 20; Morgan Stanley, Macquarie, MUFG and SunTrust; general corporate purposes, including to pay down revolver and fund near-term acquisitions; Alpharetta, Ga., provider of enterprise application software.

ARRAY CANADA INC.: $40 million add-on term loan talked at Libor plus 500 bps, 1% Libor floor, OID 99; UBS; acquisition financing; Toronto-based provider of retail merchandising displays and store fixtures to the cosmetics industry.

BASS PRO GROUP LLC: $3.87 billion in loans (B1/B+); Bank of America, Wells Fargo, Citigroup, RBC, UBS and Goldman Sachs; $400 million term A; $2.97 billion seven-year covenant-light term B at Libor plus 500 bps, 0.75% Libor floor, OID 99, 101 soft call; $500 million 1.5-year asset-sale facility at Libor plus 475 bps, 0.75% Libor floor, OID 99; help fund acquisition of Cabela’s Inc.; Springfield, Mo., outdoor retailer.

BAYCLUB: Expected closing May 15 week; $60 million incremental first-lien term loan due August 2022 at Libor plus 650 bps, 1% Libor floor, OID 99; Jefferies; fund acquisition of more clubs; San Francisco-based active lifestyle and hospitality company.

BAYMARK HEALTH SERVICES INC.: $213 million credit facilities; Capital One; $20 million five-year revolver talked at Libor plus 450 bps to 475 bps, 25 bps step-down at secured net leverage of less than 4x, OID 99; $133 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; $60 million delayed-draw six-year term loan talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99; refinance existing debt and acquisition financing; Lewisville, Texas, behavioral health provider specializing in opioid treatment services.

BLUE BUFFALO CO.: Expected closing May 22 week; $520 million senior secured credit facilities (Ba2/BB+); Citigroup and JPMorgan; $400 million seven-year senior secured term B talked at Libor plus 200 bps to 225 bps, 25 bps step-down when first-lien gross leverage is less than or equal to 1.0 times or investment grade corporate and facility ratings are achieved, 0% Libor floor, OID 99.5, 101 soft call for six months; $120 million revolver; refinance existing debt; Wilton, Conn., pet food company.

BOYD CORP.: $1.09 billion credit facilities; Antares, Societe Generale and Macquarie; $75 million revolver (B2); $730 million first-lien term loan (B2) talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $285 million second-lien term loan (Caa2) talked at Libor plus 850 bps to 875 bps, 1% Libor floor, OID 98, call protection 102, 101; help fund acquisition of Aavid Thermalloy; Modesto, Calif., designer and manufacturer of highly-engineered, specialty material-based thermal management and environmental sealing solutions.

C SPIRE: $355 million seven-year term B talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.75; Bank of America; refinancing; Ridgeland, Miss., diversified telecommunications and technology services company.

CBS RADIO: $500 million seven-year senior secured term B (Ba3/BB-) at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs, Morgan Stanley, Credit Suisse, Bank of America, Wells Fargo, JPMorgan, Citigroup and Deutsche Bank; refinance Entercom debt in connection with merger of CBS Radio and Entercom; Philadelphia-based radio broadcasting company.

CENTURYLINK: $8 billion senior secured credit facilities; Bank of America, Morgan Stanley, Barclays, Goldman Sachs, JPMorgan, RBC, MUFG, Wells Fargo, Mizuho and SunTrust; $2 billion revolver; $1.5 billion term A; $4.5 billion covenant-light term B due January 2025 talked at Libor plus 300 bps to 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Level 3 Communications Inc.; Monroe, La., communications, hosting, cloud and IT services company.

CHARTER NEX: $685 million credit facilities (B2/B); Jefferies and Nomura; $75 million revolver; $610 million seven-year first-lien term loan at Libor plus 325 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Leonard Green & Partners LP from Pamplona Capital Management; manufacturer of monolayer, coextruded and barrier films.

CHG HEALTHCARE SERVICES INC.: $1.12 billion term loan talked at Libor plus 300 bps to 325 bps, 1% Libor floor, 101 soft call for six months; Jefferies; repricing; Salt Lake City-based health care staffing firm.

CIBT: $515 million credit facilities; Antares; $65 million five-year revolver; $330 million seven-year covenant-light first-lien term loan talked at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $120 million eight-year covenant-light second-lien term loan talked at Libor plus 800 bps area, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Kohlberg Management VIII LLC from ABRY Partners; McLean, Va., provider of mobility solutions, offering expedited visa, work permit, immigration, passport and other related value-added services.

CITYMD: $255 million credit facilities (B3/B-); Credit Suisse and SunTrust; $30 million revolver; $225 million seven-year covenant-light first-lien term loan talked at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Warburg Pincus; urgent care provider in the New York Metro area.

CIVITAS SOLUTIONS INC. (NATIONAL MENTOR HOLDINGS INC.): $636 million term B due Jan. 31, 2021 talked at Libor plus 300 bps, 0.75% Libor floor, 101 soft call for six months; Barclays; repricing; Boston-based provider of home and community-based health and human services.

CLUBCORP CLUB OPERATION INC.: Expected closing May 23; $651 million senior secured covenant-light term loan (Ba3/BB-) due Dec. 15, 2022 talked at Libor plus 275 bps, 1% Libor floor, 101 soft call for six months; Citigroup; repricing; Dallas-based owner and operator of private golf and country clubs and business, sports and alumni clubs.

CONSOLIDATED CONTAINER CO.: $730 million credit facilities; Barclays, Citigroup, Credit Suisse, Morgan Stanley and Macquarie; $125 million ABL revolver; $605 million seven-year senior secured covenant-light first-lien term B (B3/B+) at Libor plus 350 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; help fund acquisition by Loews Corp. from Bain Capital Private Equity; Atlanta-based rigid plastic packaging manufacturer.

CORONADO COAL LLC: $200 million covenant-light term B (B3/B) talked at Libor plus 650 bps to 700 bps, 1% Libor floor, OID 98.5, 101 soft call; Bank of America; fund a dividend; Beckley, W.Va., producer of high-quality metallurgical coal.

DIGICEL INTERNATIONAL FINANCE LTD.: Expected closing late May; $1.355 billion credit facilities (Ba2/NA/B+); Citigroup, JPMorgan, Barclays, Credit Suisse and Deutsche Bank; $955 million seven-year covenant-light term B at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $100 million three-year revolver at Libor plus 350 bps; $300 million five-year term A at Libor plus 350 bps; refinance existing credit facilities, repay notes, general corporate purposes and help fund acquisition of IDOM Technologies; Hamilton, Bermuda, provider of wireless communication services in the Caribbean.

DIVERSITECH: $495 million credit facilities; RBC (left on first-lien), Barclays (left on second-lien), Deutsche Bank and Societe Generale; $50 million five-year revolver (B2/B+); $325 million seven-year covenant-light first lien term loan (B2/B+) talked at Libor plus 375 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; $120 million eight-year second lien term loan (Caa2/CCC+) talked at Libor plus 750 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund buyout by Permira from Jordan Co.; Duluth, Ga., manufacturer of components and products related to the heating, ventilating, air conditioning and refrigeration industry.

DOOSAN BOBCAT INC. (CLARK EQUIPMENT CO.): $1.345 billion term loan (B1/BB-) at Libor plus 275 bps, step-down to Libor plus 250 bps when corporate ratings are at least Ba3/BB-, 0% Libor floor, OID 99.75, 101 soft call for six months; Bank of America, JPMorgan and Wells Fargo; refinance existing term loans; manufacturer of compact farm and construction equipment.

EMERALD EXPOSITIONS HOLDING INC.: $715 million credit facilities (B1/BB); Bank of America, Barclays, Goldman Sachs, RBC, Deutsche Bank, Citigroup and Credit Suisse; $565 million seven-year covenant-light term loan talked at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $150 million revolver; refinancing; San Juan Capistrano, Calif., operator of business-to-business trade shows.

EQUIAN LLC: $455 million senior secured credit facilities (B2/B); Morgan Stanley, SunTrust and UBS; $30 million five-year revolver talked at Libor plus 375 bps to 400 bps, 0% Libor floor; $325 million seven-year covenant-light first-lien term B talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; $100 million delayed-draw term loan talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99 to 99.5; refinance existing debt, fund general corporate purposes and potential near-term acquisition targets; Indianapolis-based payment integrity platform.

FOCUS FINANCIAL PARTNERS: $962 million in term loans; RBC and SunTrust; $755 million seven-year covenant-light first-lien term loan (B+) talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $207 million privately placed eight-year covenant-light second-lien term loan (B-) at Libor plus 750 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Stone Point Capital and KKR from Centerbridge Partners, Summit Partners and Polaris Partners; New York-based partnership of independent, fiduciary wealth management firms.

FOUR SEASONS HOTELS AND RESORTS: Expected closing May 31; $897.8 million senior secured covenant-light first-lien term loan due Nov. 30, 2023 talked at Libor plus 250 bps, 0.75% Libor floor, 101 soft call for six months; Citigroup; repricing; Toronto-based luxury hotels company.

HARGRAY COMMUNICATIONS GROUP INC.: $480 million credit facilities (B2/B+); Credit Suisse, SunTrust and Antares; $30 million revolver; $450 million seven-year covenant-light term B at Libor plus 300 bps, 25 bps step-down at 4.75x secured net leverage, 1% Libor floor, OID 99.75, 101 soft call for six months; help fund buyout by Tom Pritzker Family Business Interests, Redwood Capital Investments, Stephens Capital Partners and management; Hilton Head Island, S.C., broadband communications and entertainment provider.

HYPERION INSURANCE GROUP LTD.: $854.4 million senior secured first-lien term B talked at Libor plus 400 bps, 1% Libor floor, 101 soft call for six months; Morgan Stanley and Lloyds; also €100 million incremental senior secured first-lien term B talked at Euribor plus 425 bps to 450 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; repricing, revolver paydown, fund near-term acquisitions and general corporate purposes; London-based insurance intermediary group.

HYSTER-YALE MATERIALS HANDLING INC.: $200 million term B (B1/BB) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; Bank of America; repay bank debt, fund any future acquisitions and strategic investments, and general corporate purposes; Cleveland-based designer, engineer, manufacturer, seller and servicer of electric, warehousing and internal combustion engine lift trucks and aftermarket parts.

INMAR: $830 million credit facilities; Credit Suisse and Wells Fargo; $75 million revolver (B1/B); $580 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 350 bps, 25 bps leverage-based step-down, 1% Libor floor, OID 99, 101 soft call for six months; $175 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 800 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Omers Private Equity and management from ABRY Partners; Winston-Salem, N.C., provider of technology-enabled promotion and inventory, logistics and settlement services.

ION MEDIA NETWORKS INC.: $1.077 billion term B talked at Libor plus 275 bps to 300 bps, 1% Libor floor, 101 soft call for six months; JPMorgan; repricing; television broadcast network.

KEPRO: $330 million credit facilities; RBC and Capital One; $25 million revolver (B1/B); $205 million seven-year first-lien term loan (B1/B) at Libor plus 525 bps, 1% Libor floor, OID 98, 101 soft call; $100 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 925 bps, 1% Libor floor, OID 98, call protection 102, 101; help fund buyout; Harrisburg, Pa., quality improvement and care management organization.

KIK CUSTOM PRODUCTS INC.: $200 million add-on senior secured first-lien term B due Aug. 26, 2022 talked at Libor plus 450 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; Barclays, BMO, Nomura, Macquarie and SunTrust; general corporate purposes, ABL repayment and fund an acquisition; Ontario-based manufacturer of consumer products.

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC.: Expected closing May 15 week; $688.5 million senior secured covenant-light term B due May 2024 at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Morgan Stanley; amend and extend existing term B due 2021 and upsize for general corporate purposes; Lowell, Mass., supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products.

MARKET TRACK: $350 million credit facilities; Antares Capital and Golub Capital; $30 million revolver (B2); $225 million seven-year covenant-light first-lien term loan (B2) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $95 million privately-placed second-lien term loan; help fund buyout by Vista Equity Partners; Chicago-based subscription-based provider of promotional and brand advertising data.

MICRO FOCUS INTERNATIONAL PLC: $5.5 billion credit facilities (B1/BB-); JPMorgan, Barclays, HSBC, Natwest and Bank of America; $500 million revolver at Libor plus 350 bps, 0% Libor floor; $1.515 billion covenant-light term B-2 due November 2021 at Libor plus 250 bps, 25 bps step-down at senior secured leverage less than 3x and post-delivery of April 2018 financial statements, 0% Libor floor, 101 soft call for six months; $2.6 billion seven-year term B at Libor plus 275 bps, 25 bps step-down at senior secured leverage less than 3x and post-delivery of April 2018 financial statements, 0% Libor floor, OID 99.75, 101 soft call for six months; $385 million seven-year term B at Libor plus 275 bps, 25 bps step-down at senior secured leverage less than 3x and post-delivery of April 2018 financial statements, 0% Libor floor, OID 99.75, 101 soft call for six months; €470 million seven-year term B at Euribor plus 300 bps, 25 bps step-down at senior secured leverage less than 3x and post-delivery of April 2018 financial statements, 0% floor, OID 99.75, 101 soft call for six months; refinance existing term C, amend and reprice term B-2, fund acquisition of Hewlett Packard Enterprise’s software business segment, fund a return value to shareholders and general corporate purposes; Newbury, U.K., enterprise software company.

MISTER CAR WASH: $474 million term loan (including $40 million incremental) talked at Libor plus 375 bps, 25 bps step-down at 4x first-lien leverage, 1% Libor floor, OID 99.75, 101 soft call for six months; Jefferies; general corporate purposes and pay down revolver borrowings, and repricing; Tucson, Ariz., car wash company.

MISYS LTD.: Expected closing June 12 week; roughly $6.16 billion senior secured credit facilities; Morgan Stanley (left on U.S. term B), Citigroup (left on euro term B), Barclays (left on second-lien), Macquarie and Nomura; $400 million five-year revolver (B2/NA/BB+) at Libor plus 350 bps, 0% Libor floor; $3.582 billion seven-year first-lien term B (B2/NA/BB+) at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; €850 million seven-year first-lien term B (B2/NA/BB+) at Euribor plus 325 bps, 1% floor, OID 99.5, 101 soft call for six months; $1.245 billion eight-year second-lien loan (Caa2/NA/BB-) at Libor plus 725 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund acquisition of DH Corp. and refinance existing debt; London-based provider of financial services software.

MORTGAGE CONTRACTING SERVICES: Expected closing May 15 week; $425 million credit facilities (B2/B); Goldman Sachs, Deutsche Bank and Jefferies; $35 million five-year revolver; $390 million first-lien senior secured term B at Libor plus 475 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by American Securities; Lewisville, Texas, provider of critical specialized services to mortgage servicers and originators.

MOTORCITY CASINO HOTEL: $446.3 million term B due August 2021 talked at Libor plus 275 bps, 0.75% Libor floor, OID 99.875, 101 soft call for six months; Bank of America and Fifth Third; repricing; Detroit-based casino and hotel.

NEUSTAR INC.: $1.65 billion in term loans; Bank of America (left on first-lien), UBS (left on second-lien), Jefferies, Credit Suisse, Mizuho, Societe Generale and Angel Island Capital; $350 million 2.5-year first-lien term B-1 (Ba3/BB) at Libor plus 325 bps, 0% Libor floor, 101 soft call for six months; $975 million seven-year first-lien term B-2 (Ba3/BB) at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $325 million eight-year second-lien term loan (B3/B-) at Libor plus 800 bps, 1% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Golden Gate Capital; Sterling, Va., provider of real-time information services.

PETMATE: $262.5 million credit facilities; Antares; $30 million five-year revolver; $232.5 million seven-year term loan talked at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Olympus Partners from Wind Point Partners; Arlington, Texas, pet products platform.

POST HOLDINGS INC.: $2 billion seven-year first-lien term B (Ba2/BB-) talked at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, Bank of America, Barclays, Nomura, Rabobank, JPMorgan. Wells Fargo, Deutsche Bank, Morgan Stanley, UBS, SunTrust, BMO, RBC, Goldman Sachs, Co-Bank, PNC and HSBC; help fund acquisition of Weetabix Ltd. from Bright Food Group and Baring Private Equity Asia and fund tender offers for notes; St. Louis-based cereal, food and nutrition company.

REGAL CINEMAS CORP.: $1.104 billion covenant-light first-lien term loan (including $150 million incremental) (Ba1/BB) due April 2022 talked at Libor plus 200 bps, 0.75% Libor floor, OID 99.75 on incremental, 101 soft call for six months; Credit Suisse; repricing and general corporate purposes; Knoxville, Tenn., motion picture exhibitor.

RHODIA ACETOW: €630 million-equivalent credit facilities (B1/B+); Credit Suisse, Barclays, Deutsche Bank, Goldman Sachs, UBS, RBS and Bank of America; €65 million revolver; €215 million U.S. dollar equivalent six-year covenant-light term loan at Libor plus 550 bps, 1% Libor floor, OID 98; €350 million six-year covenant-light term loan at Euribor plus 475 bps, 1% floor, OID 99; help fund buyout by Blackstone; producer of cellulose acetate flakes and acetate tow.

SEASTAR SOLUTIONS: $70 million add-on term B due January 2021 talked at Libor plus 375 bps, 1% Libor floor, OID 99.875, 101 soft call for six months; RBC, UBS and Antares; acquisition financing; Litchfield, Ill., manufacturer and distributor of marine steering and control systems and engine and drive parts.

SITEONE LANDSCAPE SUPPLY INC.: $297 million covenant-light term B due April 2022 talked at Libor plus 350 bps, 1% Libor floor, 101 soft call for six months; UBS; repricing; Roswell, Ga., distributor of wholesale irrigation, landscape lighting, nursery, hardscapes, maintenance products and supplies for the green industry.

TRANSCENDIA: Expected closing May 22 week; $455 million credit facilities; Goldman Sachs, Citigroup, KeyBanc, Bank of Ireland and Societe Generale; $50 million five-year revolver (B2/B); $295 million seven-year first-lien term B (B2/B) at Libor plus 400 bps, 25 bps step-down at 4x first-lien net leverage, 1% Libor floor, OID 99.5, 101 soft call for six months; $110 million eight-year pre-placed second-lien term loan (CCC+); help fund buyout by GS Merchant Bank; Franklin Park, Ill., provider of custom engineered specialty films materials across a broad range of end-markets.

TRC COS. INC.: $375 million credit facilities; UBS, Barclays and Citizens; $60 million five-year revolver talked at Libor plus 475 bps; $315 million seven-year covenant-light first-lien term loan talked at Libor plus 475 bps, 1% Libor floor, OID 99; help fund buyout by New Mountain Capital LLC; Windsor, Conn., engineering, environmental consulting and construction management firm.

TRUCK HERO INC.: $1.025 billion senior secured credit facilities; Jefferies, Antares, Golub, Citizens, Natixis and SunTrust; $100 million five-year revolver (B1/B); $675 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; $250 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 825 bps, 1% Libor floor, OID 98.5, call protection 103, 102, 101; help fund buyout by CCMP Capital Advisors LLC; Ann Arbor, Mich., provider of truck bed covers and other truck and Jeep accessories.

USI INSURANCE SERVICES: $2.085 billion senior secured credit facilities (B3/B); Bank of America, KKR, Citigroup and Macquarie; $200 million revolver; $1.885 billion seven-year term B at Libor plus 300 bps, 25 bps step-down, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by KKR and Caisse de dépôt et placement du Québec from Onex Corp.; Valhalla, N.Y., insurance brokerage and consulting firm.

On The Horizon

ALIPAY (ANT FINANCIAL): $1.85 billion senior secured term loan; Citigroup; help fund acquisition of MoneyGram; China-based mobile payment platform.

AVANTOR: $5.5 billion senior secured credit facilities; Goldman Sachs, Barclays, and Jefferies; $5 billion in U.S. and euro first-lien term loans; up to $500 million revolver; help fund acquisition of VWR International LLC; Center Valley, Pa., supplier of ultra-high-purity materials for the life sciences and advanced technology industries.

BRAND ENERGY & INFRASTRUCTURE SERVICES: $3.325 billion senior secured credit facilities; Goldman Sachs, Barclays, ING and Natixis; $500 million revolver; $2.825 billion term loan; help fund acquisition of Safway Group from Odyssey Investment Partners; Kennesaw, Ga., provider of specialized services to energy, industrial and infrastructure customers.

BROADCOM LTD.: New debt financing; help fund acquisition of Brocade Communications Systems Inc.; San Jose, Calif., and Singapore-based designer, developer and supplier of semiconductor devices.

DHX MEDIA LTD.: Up to $540 million credit facilities; RBC and Jefferies; $30 million revolver; $510 million term loan; help fund acquisition of the entertainment division of Iconix Brand Group Inc. (80% controlling interest in Peanuts and 100% of Strawberry Shortcake) and refinance existing debt; Halifax, Nova Scotia, children’s content and brands company.

DUBAI AEROSPACE ENTERPRISE LTD.: New debt financing; help fund acquisition of AWAS from Terra Firma Capital Partners and the Canadian Pension Plan Investment Board; Dubai-based aerospace company.

HAWK HOLDING CO. LLC: $1.796 billion credit facilities; JPMorgan, Bank of America, Wells Fargo, Credit Suisse, Citigroup and U.S. Bank (only on first-lien); $196.25 million senior secured revolver; $1.235 billion first-lien secured term loan; $365 million second-lien secured term loan; help fund acquisition of Intrawest Resorts Holdings Inc. by Aspen Skiing Co. LLC and KSL Capital Partners LLC; mountain resort and adventure company.

INC RESEARCH HOLDINGS INC.: Roughly $3.1 billion credit facilities; Credit Suisse; $2.6 billion term B; roughly $500 million senior secured cash flow revolver; refinance existing debt in connection with merger with inVentiv Health Inc.; Raleigh, N.C.-based contract research organization.

KAR AUCTION SERVICES INC.: Term loan; repricing; Carmel, Ind., provider of vehicle auction services and a provider of floorplan financing to independent and franchise used vehicle dealers.

KMG CHEMICAL INC.: $600 million senior secured credit facilities; KeyBanc and HSBC; $50 million revolver; $550 million seven-year term loan; fund acquisition of Flowchem from Arsenal Capital Partners; Fort Worth, Texas, producer and distributor of specialty chemicals.

MACDONALD, DETTWILER AND ASSOCIATES LTD. (MDA): $3.75 billion senior secured credit facilities; RBC and Bank of America; $1.25 billion four-year revolver; $250 million three-year term A; $250 million four-year term A; $2 billion seven-year term B expected at Libor plus 250 bps, 101 soft call for six months; help fund acquisition of DigitalGlobe Inc.; Vancouver, B.C. communications and information company.

MEDICAL SOLUTIONS: New debt financing; UBS and Sun Trust; help fund buyout by TPG Growth from Beecken Petty O’Keefe & Co.; Omaha, Neb., provider of healthcare staffing solutions for hospitals.

NEW DIVERSEY: New debt financing; Credit Suisse, Goldman Sachs, Barclays, Bank of America, HSBC, RBC and SunTrust; help fund buyout by Bain Capital Private Equity from Sealed Air Corp.; hygiene and cleaning solutions company.

NORD ANGLIA EDUCATION INC.: New debt financing; help fund buyout by a consortium led by Canada Pension Plan Investment Board and Baring Private Equity Asia; Hong Kong-based premium schools organization.

PETSMART INC.: New loans; Citigroup and Barclays; help fund acquisition of Chewy Inc.; Phoenix-based specialty pet retailer.

SINCLAIR BROADCAST GROUP INC.: Up to $5.072 billion in incremental bank debt; JPMorgan, RBC and Deutsche Bank; up to $225 million incremental revolver; up to $4.847 billion seven-year senior secured incremental term B; help fund acquisition of Tribune Media Co.; Hunt Valley, Md., television broadcasting company.

SURGERY PARTNERS: $1.29 billion loan; Jefferies; help fund acquisition of National Surgical Healthcare from Irving Place Capital and refinance existing term loan; Nashville, Tenn., healthcare services company.

VENATOR MATERIALS PLC: New debt financing; repay intercompany debt owed to parent company Huntsman Corp.; manufacturer and marketer of chemical products.

VIRTU FINANCIAL INC.: Up to $825 million senior secured term B; JPMorgan; help fund acquisition of KCG Holdings Inc.; New York-based technology-enabled market maker and liquidity provider to the financial markets.

WEST CORP.: New debt financing; Credit Suisse, RBC, Bank of America, Barclays, Citigroup, Deutsche Bank, Morgan Stanley and Goldman Sachs; help fund buyout by Apollo Global Management LLC; Omaha-based provider of communication and network infrastructure services.


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