Primary Roundup | |||||
Company | Lead Banks | Tranche | Price | Purpose | Update |
Builders FirstSource | UBS | $90 million revolver | Recap | Syndication was oversubscribed Slated to close February 27 | |
Bear Stearns | $150 million term loan | L+300 | |||
$165 million second-lien term loan | L+600 | ||||
D&E Communications | SunTrust CoBank | $25 million revolver | L+250 | Refi | Has already syndicated, closing on Friday Over $250 million of commitments were received on the B loan Pro rata was oversubscribed |
$50 million A loan | L+250 | ||||
$150 million B loan | L+275 | ||||
Dresser | CSFB | $260 million C loan | L+250 | Refi | C loan rated Ba3, unsecured term loan rated B1 by Moody's |
Morgan Stanley | $100 million unsecured term loan | L+350 | |||
Freedom Communications | J.P. Morgan | $100 million revolver | L+225 | Recap | Launched February 24 Rated Ba3 by Moody's |
Morgan Stanley | $250 million A loan | L+225 | |||
Wachovia Securities | $750 million B loan | L+225 | |||
Deutsche Bank | |||||
UBS | |||||
Invensys | Deutsche Bank | $445 million revolver | L+250 | Refi | First lien rated Ba3, second lien rated B1 by Moody's Facility rated B+ by S&P Commitments were due February 27 |
$640 million A loan | L+250 | ||||
$472 million B loan | L+300 | ||||
E149 million B loan | L+300 | ||||
£100 million B loan | L+300 | ||||
$189 million second lien | L+425 | ||||
E74 million second lien | L+425 | ||||
$730 million bonding facility | |||||
INVISTA | J.P. Morgan | $400 million revolver | L+275 | LBO | Launched February 25 |
Deutsche Bank | $150 million A loan | L+275 | |||
CSFB | $1.25 billion B loan | L+300 | |||
Citibank | |||||
Ply Gem Industries | UBS | $55 million revolver | L+250 | LBO | Revolver was decreased by $10 million, term loan was increased by $10 million Closed last week |
Deutsche Bank | $200 million term loan | L+275 | |||
Switch and Data | Deutsche Bank | $5 million revolver | L+450 | Refi | In syndication |
$35 million A loan | L+450 | ||||
$70 million B loan | L+475 | ||||
The Pantry | Wachovia Securities | $70 million revolver | L+275 | Refi | In syndication |
CSFB | $345 million term loan | L+300 | |||
True Temper | CSFB | $20 million | L+250 | LBO | Launched February 24 Rated B+ by S&P, B1 by Moody's |
$110 million | L+275 | ||||
The Primary Roundup is a compilation of updates on deals previously reported by LMW, as of Thurs, Feb. 26. |