Bank Loan Calendar: $34.436 billion deals being marketed

April Bank Meetings

API TECHNOLOGIES CORP.: Expected late April business; new debt; RBC, UBS and Antares; help fund buyout by AEA Investors from J.F. Lehman & Co.; Marlborough, Mass., provider of high performance RF, microwave, millimeterwave, power, and security solutions.

CONTERRA ULTRA BROADBAND: Bank meeting April 10; $365 million credit facilities; TD Securities; $50 million five-year revolver; $250 million seven-year covenant-lite first-lien term B; $65 million eight-year covenant-lite second-lien term loan; refinance existing debt and general corporate purposes; provider of bandwidth infrastructure services.

PARK PLACE TECHNOLOGIES: Lender call April 10; $54 million add-on term B talked at Libor plus 400 bps, 1% Libor floor, OID 99.5; Golub; acquisition financing; Cleveland-based provider of post-warranty maintenance for storage, server and networking hardware.

Upcoming Closings

ACPRODUCTS INC.: $578 million credit facilities; Barclays; $75 million 4.75-year ABL revolver; $400 million five-year first-lien term loan (B3/B+) talked at Libor plus 550 bps, 0% Libor floor, OID 97 to 98, 101 soft call; $103 million 5.5-year privately placed second-lien term loan (Caa2/CCC+); fund the acquisition of Elkay Wood Products Co. and refinance existing debt; The Colony, Texas, manufacturer and distributor of cabinets.

AMC ENTERTAINMENT HOLDINGS INC.: Expected closing mid-April; $2 billion seven-year covenant-lite term B (Ba2/BB-) at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Citigroup; refinance loan and bonds; Leawood, Kan., movie exhibitor.

APPLOVIN CORP.: $400 million incremental first-lien term loan (B+) talked at Libor plus 375 bps, step-down to Libor plus 350 bps when total leverage is 3.5x, 0% Libor floor, OID 99.5; Bank of America and KKR; add cash to the balance sheet for acquisitions and investments; Palo Alto, Calif., mobile monetization platform that enables performance-based user acquisition campaigns for mobile game and other app developers.

APTEAN: $650 million credit facilities; Golub and Macquarie; $50 million five-year revolver; $350 million seven-year covenant-lite first-lien term loan (B2/B-) at Libor plus 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $100 million privately placed covenant-lite delayed-draw first-lien term loan; $150 million eight-year privately placed covenant-lite second-lien term loan; back a joint investment from TA Associates and Vista Equity Partners; Alpharetta, Ga., provider of mission-critical, industry-specific enterprise software solutions.

BARRACUDA NETWORKS INC.: $205 million add-on senior secured first-lien term B (B2/B-/BB-) due February 2025 at Libor plus 325 bps, 1% Libor floor, OID 99.375, 101 soft call for six months; Goldman Sachs, Credit Suisse and UBS; refinance existing second-lien term loan; Campbell, Calif., provider of cloud-enabled security and data protection solutions.

BLACKSTONE MORTGAGE TRUST INC.: $400 million seven-year senior secured term loan B (BB-) talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; general corporate purposes, including investment portfolio growth; New York-based real estate finance company.

BLUCORA INC.: $125 million add-on term B due 2024 at Libor plus 300 bps, 1% Libor floor, OID 99.5; JPMorgan; help fund acquisition of 1st Global Inc.; Irving, Texas, provider of tax-smart financial solutions.

CARROLS RESTAURANT GROUP INC.: $525 million credit facilities (B2/B); Wells Fargo, Rabobank, M&T Bank and SunTrust; $100 million five-year revolver; $425 million seven-year covenant-lite term B at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance debt assumed in connection with the acquisition of restaurants from Cambridge Franchise Holdings LLC and refinance Carrol’s existing debt; Syracuse, N.Y., restaurant franchisee and operator.

CLOVER TECHNOLOGIES GROUP (4L TECHNOLOGIES INC.): $640 million credit facilities (B3/B); UBS, Bank of America and Antares; $45 million revolver; $595 million 3.5-year covenant-lite first-lien term loan talked at Libor plus 550 bps to 600 bps, 0% Libor floor, OID 98.5, soft call 102, 101; refinance existing debt; Hoffman Estates, Ill., collector and recycler of imaging supplies.

DIRECT CHASSISLINK INC.: $825 million seven-year covenant-lite term loan (Caa1/B+) talked at Libor plus 825 bps, 0% Libor floor, OID 96 to 97, non-call one, 102, 101; Citigroup, Barclays, RBC, Credit Suisse, Bank of America, Deutsche Bank and MUFG; help fund buyout by Apollo Global Management LLC from EQT Infrastructure; Charlotte, N.C., provider of domestic and marine chassis to the intermodal supply chain.

ELLIE MAE: Expected closing in April; $1.425 billion credit facilities; Jefferies, Macquarie and Nomura; $75 million five-year revolver (B2/B/BB); $965 million seven-year first-lien term loan (B2/B/BB) at Libor plus 400 bps, 25 bps leveraged based step-down, 0% Libor floor, OID 99.5, 101 soft call for six months; $385 million privately placed eight-year second-lien term loan; help fund buyout by Thoma Bravo LLC; Pleasanton, Calif., cloud-based platform provider for the mortgage finance industry.

E.W. SCRIPPS CO.: $765 million seven-year covenant-lite incremental senior secured term B (Ba3/BB/BB+) at Libor plus 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Wells Fargo, Bank of America, JPMorgan, Morgan Stanley and SunTrust; fund acquisition of 15 television stations from Cordillera Communications and help fund acquisition of eight television stations from Nexstar Media Group Inc.-Tribune Media merger divestitures; Cincinnati-based broadcasting and digital media company.

FASTMED URGENT CARE: $525 million of term loans; Barclays, Societe Generale and Antares; $400 million six-year first-lien term loan (B2/B-) talked at Libor plus 550 bps, 0% Libor floor, OID 96 to 97, 101 soft call; $125 million privately placed 6.5-year second-lien term loan (Caa2/CCC) at Libor plus 950 bps, 0% Libor floor; fund the acquisition of NextCare Holdings; Clayton, NC, provider of walk-in clinic services.

HEXION INTERNATIONAL HOLDINGS BV: $350 million 18-month DIP term loan talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse and JPMorgan; repay outstanding ABL borrowings and general corporate purposes; Columbus, Ohio, producer of thermoset resins and related technologies and specialty products.

INSIGHT GLOBAL (IG INVESTMENTS HOLDINGS LLC): $30 million incremental first-lien term loan (B2/B-) due May 2025 talked at Libor plus 400 bps, 1% Libor floor, OID 99.5; Credit Suisse; fund a distribution to shareholders; Atlanta-based temporary staffing firm for the information technology sector.

JANE STREET GROUP LLC: $420 million add-on senior secured term loan B (BB-) due August 2022 talked at Libor plus 300 bps, 0% Libor floor, OID 99.75; JPMorgan; expand trading capital and general corporate purposes; trading firm.

LONESTAR II GENERATION HOLDINGS LLC: $280 million of senior secured term loans (Ba3/B+); Morgan Stanley; $250 million seven-year covenant-lite term B talked at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call for six months; $30 million seven-year covenant-lite term C talked at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call for six months; fund a cash collateralized letter of credit account and fund a distribution to the Lonestar Generation LLC balance sheet; owner of a roughly 1.1 GW portfolio of three thermal power generation assets located in Texas.

MOMENTIVE PERFORMANCE MATERIALS INC. (MPM HOLDINGS INC.): $839 million five-year covenant-lite term B (B1/B+) talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; BNP Paribas and Citigroup; help fund acquisition by SJL Partners LLC, KCC Corp. and Wonik QnC Corp.; Waterford, N.Y., silicones and advanced materials company.

NEO TECH INC.: $315 million first-lien senior secured term B (B2/B+) talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; Goldman Sachs and Wells Fargo; refinance existing debt; Chatsworth, Calif., designer and manufacturer of high-reliability electronic and micro-electronic system design and manufacturing services.

NEOVIA LOGISTICS: $600 million credit facilities; Goldman Sachs and Macquarie; $75 million super-senior revolver; $325 million five-year covenant-lite first-lien term loan (B3) talked at Libor plus 650 bps, 0% Libor floor, OID 97 to 98, call protection 105 for 18 months, 101 for months 19 through 30; $200 million privately placed second-lien term loan; help fund a comprehensive recapitalization; Irving, Texas, third-party logistics company.

NORDAM GROUP LLC: $250 million seven-year term B (B+/BB) at Libor plus 550 bps, 0% Libor floor, OID 98, 101 soft call; JPMorgan; help fund exit from Chapter 11, repay debt and general corporate purposes; Tulsa, Okla., aerospace manufacturing and repair company.

NSO GROUP: $510 million equivalent U.S. and euro six-year term loan (includes €25 million euro tranche) (B2/B) at Libor/Euribor plus 700 bps, 0% floor, OID 90, hard call 102, 101; Jefferies and Credit Suisse; help fund buyout by management and Novalpina Capital from Francisco Partners; Luxembourg-based cyber-technology company.

POWER SOLUTIONS: Roughly $6.4 billion equivalent of term loans (Ba3/B+/BB); JPMorgan (left on U.S.), Barclays (left on euro), Credit Suisse, Bank of America, BMO, CIBC, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, RBC, Scotia and TD; $4.2 billion seven-year covenant-lite term B at Libor plus 350 bps, 0% Libor floor, OID 99, 101 soft call; €1.955 seven-year covenant-lite term B at Euribor plus 375 bps, 0% floor, OID 99.5, 101 soft call; help fund acquisition by Brookfield Business Partners L.P. and Caisse de dépôt et placement du Québec; supplier of low voltage automotive batteries.

PSS INDUSTRIAL GROUP CORP.: $350 million senior secured credit facilities (B3/B); KeyBanc and ING; $50 million revolver; $300 million six-year term B talked at Libor plus 600 bps, OID 98, 101 soft call for 18 months; refinance existing debt and general corporate purposes; Houston-based distributor of consumable products and services to the energy and industrial sectors.

QLIK TECHNOLOGIES INC.: Expected closing May 6 week; $465 million incremental covenant-lite term B (B3/B) due April 26, 2024 at Libor plus 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley and Goldman Sachs; help fund acquisition of Attunity Ltd.; King of Prussia, Pa., data analytics company.

RADNET MANAGEMENT INC.: $100 million incremental term B due June 30, 2023 talked at Libor plus 375 bps, 1% Libor floor, OID 99.15; Barclays; repay revolver borrowings and fund cash to the balance sheet for potential future acquisitions; Los Angeles-based owner and operator of outpatient diagnostic imaging centers.

SERVPRO: $485 million credit facilities; Jefferies, Credit Suisse and Deutsche Bank; $45 million five-year revolver (B2/B+); $315 million seven-year first-lien term loan (B2/B+) talked at Libor plus 375 bps to 400 bps, 25 bps leveraged based step-down and 25 bps step-down upon an IPO, 0% Libor floor, OID 99.5, 101 soft call for six months; $125 million privately placed eight-year second-lien term loan; help fund buyout by Blackstone; Gallatin, Tenn., franchisor of residential and commercial property damage restoration services.

SIX FLAGS THEME PARKS INC.: $1.15 billion credit facilities (Ba1/BBB-); Wells Fargo, Bank of America, Barclays, Goldman Sachs and JPMorgan; $350 million revolver; $800 million seven-year term B at Libor plus 200 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; refinance existing credit facilities; Grand Prairie, Texas-based regional theme park company.

STAPLES INC.: $2.3 billion of term loans; UBS, Goldman Sachs, Bank of America, Barclays, Credit Suisse, Deutsche Bank, Jefferies, KKR, Morgan Stanley and RBC; $300 million five-year term loan talked at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call; $2 billion seven-year term loan talked at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call; help refinance existing debt and fund a dividend; Framingham, Mass., business supplies distributor.

SUNDYNE US PURCHASER INC.: $550 million credit facilities (B2/B); Morgan Stanley, Deutsche Bank, Citigroup, Credit Suisse, Goldman Sachs and RBC; $100 million five-year revolver; $450 million seven-year covenant-lite first-lien term loan talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; recapitalization and fund a distribution to shareholders; Arvada, Colo., designer and manufacturer of pumps and compressors.

SURGICAL SPECIALTIES CORP.: $265 million credit facilities; Capital One and SunTrust; $30 million five-year revolver; $235 million six-year term B talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99; refinance existing debt; manufacturer of surgical products.

TRADE ME GROUP LTD.: $575 million seven-year covenant-lite first-lien term loan (B1/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99, 101 soft call for six months; Credit Suisse, Nomura, UBS, Macquarie and Jefferies; also NZ$320 million privately placed second-lien loan; help fund buyout by Apax Partners; operator of online classified marketplaces for motor vehicles, property and jobs in New Zealand.

TRANSACT (RCP VEGA INC.): $260 million seven-year covenant-lite first-lien term loan talked at Libor plus 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; Deutsche Bank, Macquarie and UBS; help fund buyout by Reverence Capital Partners LP from Blackboard Inc.; Phoenix-based integrated payment and software solutions platform that facilitates mission-critical higher education student transactions.

TRAVELPORT WORLDWIDE LTD.: $3.45 billion credit facilities; Bank of America, Deutsche Bank, Macquarie, Credit Suisse and Barclays; $150 million revolver (B2/B+/BB-); $2.8 billion seven-year covenant-lite first-lien term loan (B2/B+/BB-) at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call; $500 million eight-year covenant-lite second-lien term loan (Caa2/CCC+/B-) at Libor plus 900 bps, 0% Libor floor, OID 97, call protection 102, 101; help fund buyout by Siris Capital Group LLC and Evergreen Coast Capital Corp.; Langley, U.K., travel technology company.

UFC: $435 million add-on first-lien term B due August 2023 talked at Libor plus 325 bps, 1% Libor floor, 101 soft call for six months; Goldman Sachs; refinance existing second-lien term loan; Las Vegas-based mixed martial arts organization and pay-per-view event provider.

ULTIMATE SOFTWARE GROUP INC.: $2.575 billion senior secured credit facilities (B2/B); Credit Suisse, Nomura, Bank of America, BNP and Ares; $275 million revolver; $2.3 billion seven-year covenant-lite first-lien term loan at Libor plus 375 bps, 25 bps step-down at 5x total net leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; also $900 million privately placed second-lien term loan committed by Ares and GSO; help fund buyout by an investor group led by Hellman & Friedman; Weston, Fla., provider of human capital management solutions in the cloud.

VIZIENT INC.: $1.6 billion senior secured credit facilities (Ba3/BB-); Barclays, Bank of America and JPMorgan; $500 million revolver; $600 million term A; $500 million seven-year term B talked at Libor plus 300 bps, 0% Libor floor, OID 99, 101 soft call for six months; help refinance existing debt; Irving, Texas, network of not-for-profit health care organizations.

WRENCH GROUP: $420 million credit facilities; Jefferies, Macquarie and Antares; $45 million revolver (B2/B); $225 million seven-year first-lien term loan (B2/B) talked at Libor plus 425 bps to 450 bps, two 25 bps leverage based step-downs, 0% Libor floor, OID 99, 101 soft call for six months; $75 million delayed-draw first-lien term loan (B2/B) talked at Libor plus 425 bps to 450 bps, two 25 bps leverage based step-downs, 0% Libor floor, OID 99; $75 million privately placed eight-year second-lien term loan; help fund buyout by Leonard Green & Partners from Investcorp; provider of home maintenance and repair services.

On The Horizon

II VI INC.: $2.425 billion credit facilities; Bank of America; $450 million five-year revolver at Libor plus 200 bps; $1.175 billion five-year term A at Libor plus 200 bps; $800 million seven-year term B; help fund acquisition of Finisar Corp.; Saxonburg, Pa., engineered materials and optoelectronic components company.

ACI WORLDWIDE: $500 million incremental senior secured first-lien term loan; Bank of America; help fund acquisition of Speedpay from Western Union Co.; Naples. Fla., provider of real-time electronic payment and banking solutions.

AVEANNA HEALTHCARE: New debt financing; Barclays, BMO, Jefferies and Deutsche Bank; fund acquisition of the home healthcare division of Maxim Healthcare Services; Atlanta-based home healthcare company.

BIOSCRIP/OPTION CARE ENTERPRISES INC.: $1.075 billion senior secured credit facilities; Bank of America; $925 million seven-year covenant-lite first-lien term loan expected at Libor plus 450 bps, 25 bps step-down based on leverage or ratings, 0% Libor floor, 101 soft call for six months; $150 million five-year asset-based revolver expected at Libor plus 150 bps; help fund merger; provider of home and alternate treatment site infusion therapy services.

CABLE ONE INC.: New debt financing; help fund acquisition of Fidelity Communications Co.’s data, video and voice business; Phoenix-based broadband communications provider.

E.W. SCRIPPS CO.: New term B; Morgan Stanley and Wells Fargo; help fund acquisition of eight television stations from Nexstar Media Group Inc.-Tribune Media merger divestitures; Cincinnati-based broadcasting and digital media company.

GOODNIGHT MIDSTREAM: New debt financing; help fund buyout by TPG Capital from Tailwater Capital and private investors; Dallas-based midstream provider of oilfield water management infrastructure.

INMARSAT: $3.3 billion credit facilities; Barclays, Bank of America and UBS; $600 million five-year revolver expected at Libor plus 350 bps, 0% Libor floor; $2.5 billion seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 0% Libor floor, 101 soft call for six months; up to $200 million seven-year first-lien delayed-draw covenant-lite term loan expected at Libor plus 425 bps, 0% Libor floor; help fund buyout by Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board; London-based satellite telecommunications company.

MULTI-COLOR CORP.: $1.5 billion senior secured credit facilities; Bank of America and Deutsche Bank; $300 million revolver; $1.2 billion term loan; help fund buyout by Platinum Equity LLC and merger with WS Packaging Group; Cincinnati-based label maker.

NEXSTAR MEDIA GROUP INC.: $4.1 billion senior secured incremental term loans; Bank of America, Credit Suisse and Deutsche Bank; $500 million incremental term A; $3.6 billion incremental term B; help fund acquisition of Tribune Media Co.; Irving, Texas, diversified media company.

ORYX: $1.5 billion term B; Barclays, Goldman Sachs, RBC and Jefferies; help fund buyout by Stonepeak Infrastructure Partners from Quantum Energy Partners, Post Oak Energy Capital, Concho Resources, WPX Energy and other investors, and refinance existing debt; Midland, Texas, midstream crude operator.

PCI GAMING AUTHORITY (WIND CREEK HOSPITALITY): New debt financing; Credit Suisse; help fund acquisition of Sands Casino Resort in Bethlehem, Pa., from Las Vegas Sands Corp.; owner and operator of gaming and entertainment facilities.

PROGRESS: $185 million term loan; help fund acquisition of Ipswitch Inc.; Bedford, Mass., provider of application development and digital experience technologies.

RANPAK CORP. (ONE MADISON CORP.): New senior secured credit facilities; Goldman Sachs; $45 million five-year revolver; $289.2 million seven-year covenant-lite first-lien term loan; €140 million first-lien term loan; help fund acquisition by One Madison Corp. from Rhône Capital; Concord Township, Ohio, provider of fiber-based, environmentally sustainable protective packaging solutions.

T-MOBILE USA INC.: $11 billion senior secured credit facilities; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, RBC, BNP Paribas, Commerzbank, Credit Agricole, TD Securities and Wells Fargo on revolver; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and RBC on term loan; $4 billion five-year revolver expected at Libor plus 125 bps, 0% Libor floor; $7 billion seven-year covenant-lite term loan expected at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; refinance existing debt in connection with merger with Sprint Corp. and fund working capital needs; Bellevue, Wash., communications services company.

TOWN SPORTS INTERNATIONAL LLC: New credit facilities; revolver; term loan; refinance existing bank debt and general corporate purposes; Jupiter, Fla., owner and operator of fitness clubs.

UGI CORP.: Roughly $500 million term loan; help fund acquisition of AmeriGas Partners LP; King of Prussia, Pa., distributor and marketer of energy products and services.

US FOODS HOLDING CORP.: $1.5 billion seven-year incremental senior secured term loan; JPMorgan and Bank of America; help fund acquisition of SGA’s Food Group of Companies; Rosemont, Ill., food company and foodservice distributor.

U.S. RENAL CARE INC.: New debt financing; Barclays, Bank of America, BMO, Macquarie and SunTrust; help fund buyout by investor group led by Chris Brengard and management, along with Bain Capital Private Equity, Summit Partners, Revelstoke Capital Partners and Mark Caputo; Plano, Texas, provider of dialysis services.

VICTORY CAPITAL HOLDINGS INC.: $1.495 billion senior secured credit facilities; Barclays and RBC; $100 million five-year revolver expected at Libor plus 350 bps, 0% Libor floor; $1.395 billion seven-year covenant-lite first-lien term loan expected at Libor plus 350 bps, one 25 bps step-down based on leverage, 0% Libor floor, 101 soft call for six months; refinance existing credit facilities, and fund acquisitions of USAA Asset Management Co. and Harvest Volatility Management LLC; Brooklyn, Ohio, asset management firm.

ZF FRIEDRICHSHAFEN: New debt financing; JPMorgan; help fund acquisition of Wabco Holdings Inc.; Germany-based provider of driveline and chassis technologies.

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