Bank Loan Calendar: $19.7569 billion deals being marketed

January Bank Meetings

MEREDITH CORP.: Bank meeting Jan. 4; $2.15 billion senior secured credit facilities; RBC, Credit Suisse, Barclays and Citigroup; $350 million five-year revolver; $1.8 billion seven-year covenant-light term B; help fund acquisition of Time Inc. and refinance existing debt; Des Moines, Iowa, media and marketing company.

SMG HOLDINGS INC.: Launch expected first week of January; first-and second-lien credit facilities; Jefferies (left on first-lien), Nomura (left on second-lien) and Macquarie; help fund buyout by Onex Corp.; Philadelphia-based manager of convention centers, stadiums, arenas, theatres, performing arts centers and other venues.

Upcoming Closings

ARISTOCRAT LEISURE LTD.: $890 million incremental senior secured term B (Ba1/BB+) due October 2024 at Libor plus 200 bps, 0% Libor floor, OID 99.875; UBS, Citigroup and Goldman Sachs; help fund acquisition of Big Fish Games Inc.; Sydney, Australia, provider of gaming solutions.

BEACON ROOFING SUPPLY INC.: Expected closing Jan. 2; $2.27 billion senior secured credit facilities; Citigroup (left on term B), Wells Fargo (left on revolver), Bank of America, JPMorgan and SunTrust; $970 million seven-year covenant-light term B (B1/BB+) at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $1.3 billion asset-based revolver; help fund acquisition of Allied Building Products Corp. and refinance existing term B; Herndon, Va., distributor of residential and commercial roofing materials and complementary building products;.

CHURCHILL DOWNS INC.: Expected closing Dec. 27; $1.1 billion senior secured credit facilities; JPMorgan, Fifth Third, PNC, U.S. Bank and Wells Fargo; $400 million term B (Ba2/BB+) due 2024 at Libor plus 200 bps, 0% Libor floor, OID 99.875, 101 soft call for six months; $700 million revolver due 2022; refinance existing debt; Louisville, Ky., owner and operator of racing facilities.

DIRECT CHASSISLINK INC.: Expected closing early-to-mid January; $325 million senior secured covenant-light term loan (BB-) due June 15, 2023 at Libor plus 600 bps, 0% Libor floor, OID 99.5, call protection 102, 101, reducing to 101 in connection with a change of control; Citigroup, Bank of America, Deutsche Bank and Goldman Sachs; fund acquisition of TRAC Intermodal’s fleet of domestic chassis and related customer and hosting contracts; Charlotte, N.C., provider of chassis leasing.

DUFF & PHELPS CORP.: $1.12 billion senior secured credit facilities (B2/B); UBS and Goldman Sachs; $100 million revolver; $1.02 billion seven-year term B at Libor plus 325 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; help fund buyout by Permira; New York-based valuation and corporate finance advisor.

GIGAMON INC.: $600 million senior secured credit facilities; Jefferies; $50 million revolver (B2/B/BB-); $400 million seven-year first-lien term loan (B2/B/BB-) at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $150 million privately placed eight-year second-lien term loan (Caa2/CCC/CCC+) at Libor plus 850 bps, 1% Libor floor, OID 98.5; help fund buyout by Evergreen Coast Capital Corp. (Elliott Management); Santa Clara, Calif., provider of active visibility into physical and virtual network traffic.

INTELSAT JACKSON HOLDINGS SA: Expected closing Jan. 1 week; $1.095 billion in term loans; JPMorgan; $395 million term B-4 due January 2024 at Libor plus 450 bps, 1% Libor floor, non-call 2.5 years, then at half the coupon, then at a quarter of the coupon and then at par in the last 18 months; $700 million term B-5 due January 2024 at 6.625%, non-call 2.5 years, then at half the coupon, then at a quarter of the coupon and then at par in the last 18 months; extend term B-2; Luxembourg-based communications satellite company.

JAGGAER: Expected closing Dec. 29; $410 million senior secured credit facilities (B); Antares; $25 million five-year revolver; $385 million seven-year covenant-light term loan at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of BravoSolution from Italmobiliare S.p.A.; Morrisville, N.C., spend management technology company. BravoSolution is a strategic procurement solution provider.

LEARFIELD COMMUNICATIONS LLC: $389 million incremental covenant-light first-lien term loan (B1/B+) due Dec. 1, 2023 at Libor plus 325 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Deutsche Bank, UBS, KKR, Antares, SunTrust, Barclays, JPMorgan and RBC; fund merger with IMG College, finance AMC transaction and pay down second-lien term loan; Plano, Texas, provider of collegiate sports multimedia rights administration and marketing services.

MB AEROSPACE HOLDINGS II CORP.: $305 million secured credit facilities (B2/B); RBC, Societe Generale, Barclays and Citizens; $50 million five-year revolver; $255 million seven-year covenant-light first-lien term loan at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; fund the acquisition of Asian Compressor Technology Services Co. Ltd. and refinance existing debt; East Granby, Conn., provider of advanced technological solutions to the aerospace and defense industry.

PAYSAFE GROUP PLC: $2.4175 billion in term loans; Credit Suisse, Jefferies, Morgan Stanley, BMO and Deutsche Bank; $1.01 billion seven-year covenant-light first-lien term loan (B1/B) at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $957.5 million equivalent euro seven-year covenant-light first-lien term loan (B1/B) at Euribor plus 325 bps, 0% floor, OID 99.5, 101 soft call for six months; $200 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 725 bps, 1% Libor floor, OID 99, call protection 102, 101; $250 million equivalent euro eight-year covenant-light second-lien term loan (Caa1/CCC+) at Euribor plus 700 bps, 0% floor, OID 99, call protection 102, 101; help fund buyout by Blackstone and CVC; Isle of Man-based provider of end-to-end payment solutions.

PRESIDIO INC.: Expected closing Jan. 5; $741.6 million senior secured covenant-light term B (B+) due Feb. 2, 2024 at Libor plus 275 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Citigroup; amend and extend, and repay notes; New York-based IT infrastructure solutions provider.

REFRESCO: $620 million seven-year covenant-light term B (B+) at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan on U.S., BNP Paribas, Credit Suisse and JPMorgan on euro; also €1.217 billion seven-year covenant-light term B (B+) at Euribor plus 325 bps, 0% floor, OID 99.5, 101 soft call for six months; £200 million seven-year covenant-light term B (B+) at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by PAI Partners SAS and British Columbia Investment Management Corp.; Rotterdam, the Netherlands, bottler of beverages.

ROYAL OAK ENTERPRISES LLC (OZARK HOLDINGS LLC): Expected closing Jan. 8; $371.5 million term B due July 1, 2023 at Libor plus 325 bps, 1% Libor floor, 101 soft call for six months; Barclays and SunTrust; refinance existing term B; Roswell, Ga., maker of charcoal products.

SEDGWICK CLAIMS MANAGEMENT SERVICES INC.: $935 million in term loans; KKR; $735 million incremental first-lien term loan (B) due 2021 at Libor plus 275 bps, 1% Libor floor, OID 99.51, 101 soft call for six months; $200 million second-lien term loan (CCC+) due 2022 at Libor plus 575 bps, 1% Libor floor, OID 99.26; fund acquisition of Cunningham Lindsey; Memphis, Tenn., provider of technology-enabled risk and benefits solutions.

SWITCH LTD.: Expected closing Dec. 28; $598.5 million covenant-light term B due June 2024 at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; BMO and Wells Fargo; repricing; Las Vegas-based developer and operator of data centers.

VICI PROPERTIES INC.: $2.6 billion senior secured credit facilities (Ba3/BB+); Goldman Sachs, Morgan Stanley, Bank of America, Barclays, Citigroup and JPMorgan; $400 million revolver; $2.2 billion seven-year first-lien term loan at Libor plus 225 bps, 25 bps step-down following a qualified IPO, 0% Libor floor, OID 99.75, 101 soft call for six months; help refinance existing first-lien term loan and first-lien notes, repurchase existing mezzanine debt and fund acquisition of Harrah’s Las Vegas Hotel and Casino from Caesars Entertainment Corp.; Las Vegas-based real estate investment trust that owns gaming, hospitality and entertainment destinations.

WESTERN DENTAL SERVICES (PREMIER DENTAL SERVICES INC.): Expected closing Jan. 2; $352.2 million term B (B3/B-) due June 30, 2023 at Libor plus 450 bps, 1% Libor floor, 101 soft call for six months; RBC; repricing; Orange, Calif., dental services organization.

On The Horizon

ACETATE TOW JOINT VENTURE: $1.605 billion credit facilities; Barclays, Credit Suisse and Deutsche Bank; $65 million senior unsecured revolver; $135 million senior secured revolver; $1.005 billion in senior secured term loans; $400 million senior unsecured term loan; fund a dividend and repay debt in connection with formation of joint venture by Celanese Corp. contribution of Cellulose Derivatives business unit and Blackstone contribution of Rhodia Acetow business; acetate tow supplier.

AMNEAL PHARMACEUTICALS INC.: New debt financing expected at Libor plus 350 bps; JPMorgan and Bank of America; refinance debt in connection with acquisition of Impax Laboratories Inc.; Bridgewater, N.J., generic pharmaceutical manufacturer.

ARAMARK SERVICES: Up to $975 million in term loans; Goldman Sachs and Morgan Stanley; fund acquisition of AmeriPride Services Inc.; Philadelphia-based professional services company.

ARBY’S RESTAURANT GROUP INC.: $1.725 billion senior secured credit facilities; Barclays; $150 million revolver; $1.575 billion term B; help fund acquisition of Buffalo Wild Wings Inc.; Atlanta-based restaurant chain.

BARRACUDA NETWORKS INC.: New debt financing; Goldman Sachs, Credit Suisse and UBS; help fund buyout by Thoma Bravo LLC; Campbell, Calif., provider of cloud-enabled security and data protection solutions.

BOYD GAMING CORP.: Incremental debt financing; fund acquisition of Valley Forge Casino Resort in King of Prussia, Pa., from Valley Forge Convention Center Partners LP; Las Vegas-based owner and operator of gaming entertainment properties.

CINEWORLD GROUP: $4.307 billion senior secured credit facilities; Barclays and HSBC; $300 million revolver; $4.007 billion term loan; help fund acquisition of Regal Entertainment Group; London-based cinema operator.

CLOVERLEAF COLD STORAGE: New debt financing; Goldman Sachs; help fund recapitalization with majority equity investment by Blackstone; Sioux City, Iowa, cold storage warehousing and food logistics company.

CONCENTRA GROUP HOLDINGS LLC: $795 million in term loans; JPMorgan; $555 million senior secured incremental term loan (B+); $240 million second-lien term loan (B-); fund acquisition of U.S. HealthWorks Inc. from Dignity Health; Addison, Texas, occupational medicine and urgent care service provider.

CROWN HOLDINGS INC.: New term loans; Citigroup; help fund acquisition of Signode Industrial Group Holdings (Bermuda) Ltd. from The Carlyle Group; Philadelphia-based provider of consumer packaging.

HORIZON GLOBAL CORP.: New term loan; help fund acquisition of the Brink Group from H2 Equity Partners and refinance existing term loan; Troy, Mich., manufacturer of branded towing and trailering equipment.

HUSKY INJECTION MOLDING SYSTEMS: New debt financing; Bank of America and Deutsche Bank; help fund buyout by Platinum Equity from Berkshire Partners and OMERS Private Equity; Bolton, Ont., supplier of injection molding equipment and services to the plastics industry.

ICL FIRE SAFETY AND OIL ADDITIVES: New debt financing; Barclays, Goldman Sachs and HSBC; help fund buyout by SK Capital from Israel Chemicals Ltd.; St. Louis-based formulator and manufacturer of fire management chemicals.

KEY SAFETY SYSTEMS: New debt financing; help fund acquisition of substantially all of Takata Corp.’s assets and operations; Sterling Heights, Mich., supplier of advanced engineered safety products for automotive and non-automotive markets.

KINDRED HEALTHCARE INC.: New debt financing; help fund buyout by TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc.; Louisville, Ky., healthcare services company.

LIFETIME BRANDS INC.: $425 million credit facilities; $150 million asset-based loan; $275 million senior secured term loan; help fund acquisition of Filament Brands; Garden City, N.Y., provider of branded kitchenware, tableware and other products used in the home.

MARVELL TECHNOLOGY GROUP LTD.: $1.4 billion credit facilities; Goldman Sachs and Bank of America; $900 million term loan; $500 million revolver; help fund acquisition of Cavium Inc.; Hamilton, Bermuda, provider of storage, networking and connectivity solutions.

MCDERMOTT INTERNATIONAL INC.: $4.45 billion of senior secured credit facilities; Barclays, Credit Agricole and Goldman Sachs; $1 billion five-year revolver; $1.2 billion five-year letter of credit facility; $1.75 billion seven-year covenant-light term B expected at Libor plus 475 bps, 1% Libor floor, 101 soft call for six months; $500 million seven-year covenant-light term C expected at Libor plus 475 bps, 1% Libor floor, 101 soft call for six months; help fund merger with CB&I; Houston-based provider of integrated engineering, procurement, construction and installation, front-end engineering and design and module fabrication services for upstream field developments.

MEDRISK: New debt financing; Jefferies and Antares; help fund buyout by The Carlyle Group from TA Associates; King of Prussia, Pa., provider of physical medicine solutions to the workers’ compensation industry.

OWENS & MINOR INC.: $450 million term B; Bank of America; help fund acquisition of the surgical and infection prevention business of Halyard Health Inc.; Mechanicsville, Va., healthcare solutions company.

PENN NATIONAL GAMING INC.: $1.25 billion incremental term B; Bank of America and Goldman Sachs; help fund acquisition of Pinnacle Entertainment Inc.; Wyomissing, Pa., owner and manager of gaming and racing facilities and video gaming terminal operations.

QDOBA RESTAURANT CORP.: New debt financing; help fund buyout by Apollo Global Management LLC from Jack in the Box Inc.; operator and franchiser of Qdoba Mexican Eats restaurants.

TTM TECHNOLOGIES INC.: $700 million incremental senior secured covenant-light term B expected at Libor plus 250 bps, 0% Libor floor, 101 soft call for six months; Barclays; help fund acquisition of Anaren Inc. from Veritas Capital; Costa Mesa, Calif.-based printed circuit board manufacturer.

ZAYO GROUP HOLDINGS INC.: New debt financing; help fund acquisition of Spread Networks; Boulder, Colo., provider of communications infrastructure services.

ZENITH ENERGY U.S. LP: New senior secured credit facilities; Barclays, Credit Suisse and HSBC; help fund completed acquisition of Arc Logistics Partners LP; Houston-based liquids and bulk terminaling company.

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