Bank Loan Calendar: $3.5566 billion deals being marketed

Upcoming Closings

BANIJAY: €895 million equivalent U.S. and euro covenant-lite term B (B1/B+/BB-) due March 2028; BNP Paribas and Deutsche Bank U.S. physical bookrunners, Credit Agricole, Natixis and Societe Generale euro physical bookrunners, BofA Securities and Goldman Sachs passive bookrunners; U.S. term loan talked at SOFR+10 bps CSA plus 425 bps, 1% floor, OID 97 to 97.5, 101 soft call for six months; euro term loan talked at Euribor plus 475 bps, 0% floor, OID 97 to 97.5, 101 soft call for six months; amend and extend existing U.S. and euro term Bs; Paris-based independent content production company.

BBB INDUSTRIES LLC: $200 million add-on term loan due 2029 at SOFR plus 525 bps, 0.5% floor, OID 93; JPMorgan and KKR; fund acquisitions under letters of intent, refinance some debt and general corporate purposes; Daphne, Ala., sustainable manufacturer of automotive replacement parts.

BELRON: $870 million six-year first-lien term B (Ba2/BBB-) talked at SOFR+10 bps CSA plus 300 bps to 325 bps, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; BofA Securities, Barclays, BNP Paribas, ING, JPMorgan, Citigroup, Citizens, Credit Suisse, Deutsche Bank, Fifth Third, Goldman Sachs, HSBC and KBC; pay a dividend to shareholders; United Kingdom-based provider of vehicle glass repair and replacement services.

FLOW CONTROL GROUP: $75 million incremental first-lien term loan due April 2028 at SOFR plus 475 bps, 0.5% floor, OID 97.25; KKR; fund acquisitions under letters of intent; Charlotte, N.C., distributor and technical adviser for mission critical flow control and industrial automation products and related services.

HARBOURVEST PARTNERS: $500 million seven-year term B talked at SOFR plus 325 bps, 0% floor, OID 98 to 98.5, 101 soft call for six months; JPMorgan; refinance existing term B and add cash to the balance sheet; private markets firm.

NAUTILUS POWER LLC: Roughly $499 million extended term B due Nov. 16, 2026 talked at SOFR+26.161 bps CSA plus 525 bps, 2% PIK fee on all debt that remains outstanding as of November 2025, 2% floor, 50 bps lender consent fee; Morgan Stanley; amend and extend existing term B; wholesale power generation and marketing company.

OPTIV INC.: $725 million first-lien term loan due August 2026 talked at SOFR plus 500 bps to 525 bps, 1% floor, OID 96.5, 101 soft call for six months; Jefferies and KKR; help refinance existing debt and fund acquisition of ClearShark LLC; Denver-based pureplay cyber security solutions provider.

PDC WELLNESS & PERSONAL CARE (PARFUMS HOLDING CO. INC): Up to $687.6 million credit facilities (B3/B-); Nomura and Macquarie; $39 million revolver due March 2026; up to $648.6 million covenant-lite first-lien term loan due June 2026 talked at SOFR+CSA plus 600 bps, CSA is 11.4 bps one-month rate, 26.2 bps three-month rate and 42.8 bps six-month rate, 1.5% floor, OID 94 for new money, 600 bps extension fee for existing lenders, hard call 102, 101; extension of existing revolver and first-lien term loan; Stamford, Conn., wellness and personal care products company.

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.

CVENT HOLDING CORP.: $1 billion credit facilities; Morgan Stanley, UBS and Citizens; $100 million revolver; $900 million term loan; help fund buyout by Blackstone; Tysons, Va., provider of meetings, events and hospitality technology.

DSM ENGINEERING MATERIALS: €2.9 billion equivalent term loan (B2/B+/B+); 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.

GENTIVA: New debt financing; Goldman Sachs, Deutsche Bank, UBS, BNP Paribas, Citizens, Truist and Wells Fargo; fund acquisition of Heartland hospice and home care agencies/locations from ProMedica; hospice, palliative and personal care company.

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.

QUALTRICS: New debt financing; help fund buyout by Silver Lake and Canada Pension Plan Investment Board; Provo, Utah and Seattle, Wash.-based cloud-native software provider.

SOLENIS: New debt financing; BofA Securities and Goldman Sachs; help fund acquisition of Diversey Holdings Ltd.; Wilmington, Del., manufacturer of specialty chemicals used in water-intensive industries.

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.

UNIVAR SOLUTIONS INC.: $3.5 billion senior secured credit facilities; $1.4 billion asset-based revolver; $2.1 billion term loan; help fund buyout by Apollo; Downers Grover, Ill., specialty chemical and ingredient distributor.

VISTRA OPERATIONS: New term loan debt; Citigroup, BMO and Mizuho; help fund acquisition of Energy Harbor Corp.; Irving, Tex., retail electricity and power generation company.

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