Buyout Financing

PetroChoice $325M Loans Package Flexes

After extending its deadline a week, PetroChoice Holdings has sweetened the terms of its undersubscribed $325 million, two-tranche loan offering to fund its buyout by Golden Gate Capital.

Hudson’s Bay Among Four Issuers Set for Allocation

Hudson's Bay, Sitel Worldwide, PetroChoice and Owens-Illinois each have commitments due today for term loan proposals.

Price Talk Emerges for KIK’s $850M Term Loan

Price talk was set Tuesday for an $850 million term loan proposal that is part of the financing package tied to the proposed buyout of KIK Custom Products Inc. by Centerbridge Partners.

Owens-Illinois Proposing $750M TLB

Glass container manufacturer Owens-Illinois today launched its $750 million cov-lite term loan B proposal that will go towards funding its $2.15 billion purchase of a similar business unit from Mexican conglomerate Vitro S.A.B. A $500M term loan A is also expected to be on the table when the company meets with lenders Wednesday through lead left Deutsche.

Patterson Medical Launches $300M LBO Loan Proposal

Patterson Medical, a distributor of rehabilitation supplies, is seeking to place a $300 million, seven-year term loan B to in part finance its recent buyout announced by Madison Dearborn Partners. A bankers' meeting is scheduled for Tuesday.

Banks Talk Price on $365M of PetroChoice Loans

PetroChoice distributes engine and industrial lubricants and provides related services to the automotive, construction, metalworking and mining industries. Proceeds from the loans will help finance the company’s acquisition by Golden Gate Capital.

Building Materials Distributor US LBM Seeks $800M of Loans

The offering consists of a $650 million first-lien loan and a $150 million second-lien loan; Credit Suisse is on the left of the deal.

CHI Prices $475B of Buyout Financing Inside of Initial Talk

The $320 million seven-year first-lien term loan pays 375 basis points over Libor, compared with talk that ranged as high as 425 basis points.

McGraw Hill Will Issue $1.7B for SNL Acquisition

McGraw Hill Financial is acquiring SNL Financial for $2.225 billion. The transaction will be funded with $1.7 billion in new debt and $525 million in cash.

Sitel to Launch $545M LBO Loan Offering

Sitel Worldwide is seeking a $545 million loan package to fund its buyout by Group Acticall from Onex, according to reports.


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Alexander Rohan

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Firm: Guggenheim Securities

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