Bank Loan Calendar: $10.87 billion deals being marketed

February Lender Calls

TMS INTERNATIONAL CORP.: Lender call Feb. 16; $450 million seven-year term B (B1/BB-) talked at SOFR plus 475 bps, 0.5% floor, OID 97 to 98, 101 soft call for six months; JPMorgan; refinance existing term B; Pittsburgh-based provider of on-site, industrial steel mill services for steelmakers.

Upcoming Closings

AGGREKO LLC: $300 million incremental term loan (B1) due Aug. 17, 2026 talked at SOFR plus 550 bps, 0.5% floor, OID 94, 101 soft call for six months; Barclays, Goldman Sachs and HSBC; also €130 million add-on term loan (B1) due August 2026 talked at Euribor plus 525 bps, 0% floor, OID 96.5 to 97; refinance some debt, including debt related to the acquisition of Resolute Industrial from AE Industrial Partners LP; Glasgow, U.K., provider of mobile power, heating and cooling solutions.

CHARTER NEXT GENERATION: $325 million incremental term B talked at SOFR+CSA plus 375 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 0.75% floor, OID 99.04; KKR; repay some senior unsecured PIK notes; Milton, Wis., producer of specialty films.

CONFLUENT HEALTH LLC: $125 million incremental term loan (B3/B-) due November 2028; Macquarie; fund an acquisition; Louisville, Ky., outpatient physical therapy provider.

CREATIVE ARTISTS AGENCY LLC: $1.55 billion term B (B2/B+) due Nov. 26, 2028 talked at SOFR plus 375 bps to 400 bps, 0% floor, OID 99, 101 soft call for six months; BofA Securities and TPG; refinance existing term B borrowings; entertainment and sports agency.

HANESBRANDS INC.: Expected closing March 8; $900 million seven-year term B (Ba2/BB+) at SOFR plus 375 bps, 0.5% floor, OID 99, 101 soft call for six months; JPMorgan; help refinance notes; Winston-Salem, N.C., marketer of everyday basic apparel.

PARTS TOWN: $300 million of incremental senior secured credit facilities; Golub; support an ABL revolver paydown and fund near-term acquisition activity; Addison, Ill., OEM parts distributor and service provider to the foodservice equipment market.

SALLY BEAUTY HOLDINGS INC.: $400 million seven-year term B (Baa3) talked at SOFR plus 300 bps, 0% floor, OID 99, 101 soft call for six months; BofA Securities, JPMorgan, Truist, Citizens, Regions and US Bank; refinance existing term B due 2024; Denton, Tex., retailer and distributor of professional beauty supplies.

SEDGWICK CLAIMS MANAGEMENT INC.: $3.5 billion five-year term B (B2/B) talked at SOFR plus 375 bps to 400 bps, 0% floor, OID 98.5 to 99, 101 soft call for six months; BofA Securities; amend and extend an existing term loan B-2 and an existing term loan B-3 into one tranche; Memphis, Tenn., provider of claims management solutions to corporations, public entities and insurance carriers.

SOTERA HEALTH CO.: $500 million senior secured term B (BB-) due December 2026 talked at SOFR plus 375 bps, 0.5% floor, OID 95.5 to 96, 101 soft call for six months; JPMorgan; help fund an ethylene oxide litigation settlement, pay down revolver borrowings and enhance liquidity; Broadview Heights, Ohio, provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the health care industry.

SUBCOM: $470 million incremental first-lien term loan (B1/B+) due April 2027 talked at SOFR+CSA plus 500 bps to 525 bps, CSA is 11 bps one-month rate, 26 bps three-month rate and 43 bps six-month rate, 0.75% floor, OID 98, 101 soft call for six months; Goldman Sachs; return capital to shareholders; Eatontown, N.J., subsea fiber optic cable turnkey services provider.

UGI ENERGY SERVICES LLC: $800 million seven-year senior secured term B (Ba3//BB+) talked at SOFR+10 bps CSA plus 325 bps, 0% floor, OID 99, 101 soft call for six months; Credit Suisse; refinance existing term loan and other debt; Wyomissing, Pa., diversified midstream and energy marketing services company.

ZOOMINFO LLC: $600 million covenant-lite first-lien term B (Ba1/BB+) due Feb. 1, 2030 talked at SOFR+10 bps CSA plus 275 bps, 0% floor, OID 99.5 to 99.75, 101 soft call for six months; Morgan Stanley; amend and extend; Vancouver, Wash., provider of sales and marketing data.

WORLD WIDE TECHNOLOGY HOLDING CO. LLC: $650 million first-lien term B (Ba3/BB) talked at SOFR+10 bps CSA plus 325 bps to 350 bps, 0.5% floor, OID 98.5, 101 soft call for six months; JPMorgan, BofA Securities, PNC, US Bank and Wells Fargo; general corporate purposes, including to pay down ABL revolver borrowings; St. Louis-based provider of information technology supply chain solutions.

On The Horizon

APOTEX PHARMACEUTICAL HOLDINGS INC.: New debt financing; RBC, Scotia, HSBC and Truist; help fund buyout by SK Capital Partners LP; Toronto-based pharmaceutical company.

CETERA FINANCIAL GROUP: Roughly $750 million incremental term loan; UBS; fund acquisition of retail wealth business of Securian Financial Group Inc.; San Diego-based network of financial professionals.

DSM ENGINEERING MATERIALS: €2.9 billion equivalent term loan; Goldman Sachs, Barclays, UBS and BNP Paribas; help fund acquisition by Advent International and Lanxess from Royal DSM; supplier of engineering and high-performance polymers.

MAXLINEAR INC.: $3.5 billion senior secured credit facilities; Wells Fargo, BMO, Citizens and Truist; $250 million five-year revolver expected at SOFR plus 225 bps, 0% floor; $512.5 million five-year term A expected at SOFR plus 225 bps, 0% floor; $2.7375 billion seven-year covenant-lite term B expected at SOFR+CSA plus 300 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, 101 soft call for six months; help fund acquisition of Silicon Motion; Carlsbad, Calif., provider of radio frequency, analog and mixed-signal integrated circuits for broadband, connectivity, and infrastructure markets.

MONEYGRAM INTERNATIONAL INC.: New senior secured credit facilities; Goldman Sachs, Deutsche Bank, Barclays and Wells Fargo; revolver; first-lien term loan; help fund buyout by Madison Dearborn Partners LLC; Dallas-based digital P2P payments company.

TEGNA INC.: $4 billion senior secured credit facilities; RBC, BofA Securities, Goldman Sachs, Truist, BNP Paribas, Credit Suisse, Jefferies, Mizuho, TD Securities, Barclays, Deutsche Bank, MUFG, Citizens and SMBC; $500 million revolver; $3.5 billion term loan; help fund buyout by Standard General; Tysons, Va., media company.

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