Bank Loan Calendar: $34.550 billion deals being marketed

May Bank Meetings

AUTODATA GROUP: Bank meeting May 15; $590 million credit facilities; RBC, KKR and SunTrust; $40 million revolver; $375 million seven-year first-lien term loan; $175 million privately placed eight-year second-lien term loan; help fund buyout by Thoma Bravo LLC from Internet Brands; London, Ont., provider of data, technology platforms and services to the automotive industry.

IAA SPINCO INC.: Bank meeting May 13; $900 million seven-year term B (Ba2) talked at 275 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan; pay a dividend to KAR Auction Services in connection with spin-off; Westchester, Ill., provider of salvage car auction solutions for total loss, damaged and low-value vehicles.

MRO HOLDINGS INC.: Bank meeting May 15; $360 million senior secured term B; RBC; refinance existing debt and fund a distribution to shareholders; provider of maintenance, repair and overhaul services to the airline and freight carrier industries.

VERTAFORE INC.: Lender call May 13; $170 million add-on covenant-lite first-lien term loan talked at Libor plus 325 bps, 0% Libor floor; Golub; fund an acquisition; Bothell, Wash., provider of software and information to the insurance distribution channel.

Upcoming Closings

II-VI INC.: $2.425 billion credit facilities (B1/BB-/BB+); Bank of America, PNC, BMO, Citizens, Fifth Third, MUFG, SunTrust and TD Securities; $720 million seven-year covenant-lite term B at Libor plus 350 bps, 0% Libor floor, OID 99, 101 soft call; $450 million five-year revolver at Libor plus 200 bps; $1.255 billion five-year term A at Libor plus 200 bps; help fund acquisition of Finisar Corp.; Saxonburg, Pa., engineered materials and optoelectronic components company.

ANVIL INTERNATIONAL/SMITH COOPER INTERNATIONAL: $840 million of term loans; JPMorgan; $690 million seven-year first-lien term loan (B2/B) talked at Libor plus 425 bps, two 25 bps step-downs based on net first-lien leverage, 0% Libor floor, OID 99, 101 soft call for six months; $150 million eight-year second-lien term loan (Caa1/CCC+) talked at Libor plus 825 bps, 0% Libor floor, OID 98.5, call protection 102, 101; fund merger of the two companies; provider of products that connect and support piping systems.

APOLLO COMMERCIAL REAL ESTATE FINANCE INC.: $500 million seven-year senior secured term B (Ba2/BB-) at Libor plus 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; general corporate purposes; New York-based real estate investment trust.

BERRY GLOBAL GROUP INC.: $4.2 billion equivalent of term loans (Ba2/BBB-); Goldman Sachs, Wells Fargo, JPMorgan, Morgan Stanley and RBC; $2.7 billion seven-year covenant-lite term B talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $1.5 billion equivalent euro seven-year covenant-lite term B talked at Euribor plus 275 bps to 300 bps, 0% floor, OID 99.5, 101 soft call for six months; help fund acquisition of RPC Group plc; Evansville, Ind., supplier of a non-woven, flexible and rigid products used within consumer and industrial end markets.

BGIS (BROOKFIELD GLOBAL INTEGRATED SOLUTIONS): Expected closing May 27 week; $455 million seven-year senior secured covenant-lite first-lien term loan (B1/B) at Libor plus 375 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Citigroup, Morgan Stanley, BMO, TD and MUFG; help fund buyout by CCMP Capital Advisors LP from Brookfield Business Partners; integrated facilities management company.

BIOSCRIP/OPTION CARE ENTERPRISES INC. (HC GROUP HOLDINGS II LLC): $1.075 billion senior secured credit facilities; Bank of America; $925 million seven-year covenant-lite first-lien term loan talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $150 million five-year asset-based revolver at Libor plus 250 bps; help fund merger; provider of home and alternate treatment site infusion therapy services.

CATALENT PHARMA SOLUTIONS INC.: $950 million seven-year first-lien term B (Ba3) at Libor plus 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; help fund acquisition of Paragon Bioservices Inc. and refinance some existing debt; Somerset, N.J.-based provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products.

CHARTER NEX US INC.: Expected closing May 13 week; $700 million of incremental bank debt (B); Jefferies, Nomura and UBS; $25 million incremental revolver due May 16, 2022; $675 million incremental first-lien term loan due May 16, 2024 at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; fund merger with Next Generation Films; manufacturer of highly engineered specialty films.

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.

DELEK US HOLDINGS INC.: $250 million add-on covenant-lite term B (BBB-) due March 30, 2025 talked at Libor plus 225 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; Wells Fargo; repay ABL facility borrowings; Brentwood, Tenn., Permian-based integrated downstream energy company.

DIGITAL ROOM HOLDINGS INC.: $395 million credit facilities; KKR, BNP Paribas and Citigroup; $30 million revolver (B2/B-); $280 million seven-year first-lien term loan (B2/B-) at Libor plus 500 bps, 0% Libor floor, OID 98.5, 101 soft call; $85 million eight-year second-lien term loan (Caa2/CCC) at Libor plus 900 bps, 0% Libor floor, OID 98, call protection 102, 101; dividend recapitalization; e-commerce provider in the online short-run print market.

EDGEWATER GENERATION LLC: $250 million incremental first-lien term loan due Dec. 13, 2025 talked at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call through June 10, 2019; Credit Suisse; acquisition financing; portfolio of gas-fired merchant power generation assets.

FIRSTLIGHT FIBER (FLIGHT BIDCO INC.): $90 million of incremental term loans; UBS; $80 million incremental first-lien term loan (B-) due July 2025 talked at Libor plus 350 bps, 0% Libor floor, OID 98.6; $10 million incremental second-lien term loan (CCC) due July 2026 talked at Libor plus 750 bps, 0% Libor floor, OID 98.3; fund an acquisition and general corporate purposes; Albany, N.Y., fiber-optic bandwidth infrastructure services provider.

FLOW CONTROL (FR FLOW CONTROL LUXCO 1 SARL): $290 million credit facilities; BNP Paribas and Natixis; $40 million five-year revolver (B3/B) at Libor plus 600 bps, 0% Libor floor; $180 million seven-year term B (B3/B) at Libor plus 600 bps, 1% Libor floor, OID 98, 101 soft call for six months; $70 million seven-year cash collateralized term C (Ba3/BB-) at Libor plus 600 bps, 1% Libor floor, OID 98, 101 soft call for six months; help fund buyout by First Reserve from the Weir Group plc; designer, manufacturer and aftermarket services provider of engineered valves and pumps used in energy and broader industrial applications.

GLOBALFOUNDRIES INC.: $750 million seven-year senior secured covenant-lite term B talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley, MUFG and First Abu Dhabi Bank; refinance existing debt; full-service semiconductor foundry.

GLOBALTRANZ ENTERPRISES INC.: $390 million of term loans (B2/B-); JPMorgan; $310 million seven-year first-lien term loan at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call for six months; $80 million delayed-draw seven-year first-lien term loan at Libor plus 500 bps, 0% Libor floor, OID 98; help fund buyout by Providence Equity Partners LLC from the Jordan Co. LP; Scottsdale, Ariz., technology-driven third-party logistics solutions provider.

HARGRAY COMMUNICATIONS GROUP INC.: $50 million incremental first-lien term B (B2/B+) due May 2024 at Libor plus 275 bps, step-up to Libor plus 300 bps at 4.75x first-lien net leverage, 1% Libor floor, OID 99.25; Credit Suisse, SunTrust and Antares; refinance a revolver draw and add cash to the balance sheet; Hilton Head Island, S.C., broadband communications and entertainment provider.

HORIZON THERAPEUTICS PLC (HORIZON PHARMA USA INC.): Expected closing May 22; $518 million seven-year senior secured covenant-lite term B talked at Libor plus 250 bps, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; Citigroup; Dublin-based biopharmaceutical company.

ION INVESTMENT GROUP: $1.96 billion equivalent U.S. and euro term loans (B3/B-); UBS; $1.56 billion equivalent U.S. and euro seven-year term loan talked at Libor plus 550 bps, 0% Libor floor/Euribor plus 500 bps, 1% floor, OID 98.5, 101 soft call; $400 million equivalent U.S. and euro four-year term loan talked at Libor plus 475 bps, 0% Libor floor/Euribor plus 425 bps, 1% floor, OID 99, 101 soft call; refinancing debt of corporates division, which include Openlink Financial LLC, Wall Street Systems, Triple Point Technology and Allegro; provider of mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations.

JEFFERIES FINANCE LLC: $975 million credit facilities; Jefferies, Citigroup and HSBC; $275 million three-year priority revolver (Ba1/BB-); $700 million seven-year senior secured first-lien term loan (Ba2/BB-) talked at Libor plus 375 bps, 0% Libor floor, OID 99, 101 soft call for six months; help refinance existing debt and reduce non-funding debt; New York-based leveraged loan arranger and investor.

KONTOOR BRANDS INC.: $1.55 billion credit facilities (Ba2/BB-); JPMorgan, Barclays, Bank of America, Wells Fargo and HSBC; $500 million five-year revolver; $300 million seven-year covenant-lite term B at Libor plus 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; $750 million five-year term A at Libor plus 175 bps, 0% Libor floor; help fund spin-off from VF Corp. and general corporate purposes; Greensboro, N.C., jeanswear company.

LIGHTBOX HOLDINGS: $210 million credit facilities; RBC, Bank of America and Citizens; $20 million revolver; $155 million term B at Libor plus 500 bps, 0% Libor floor, OID 98.5, 101 soft call; $35 million delayed-draw term B at Libor plus 500 bps, 0% Libor floor, OID 98.5; finance acquisitions; data and SaaS solutions provider supporting the commercial real estate diligence and risk management ecosystem.

LIQUI-BOX: $605 million senior secured credit facilities (B2/B); Antares; $75 million five-year revolver; $530 million seven-year term B talked at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and support the acquisition of DS Smith’s plastics division; Richmond, Va., provider of liquid packaging solutions to customers across the beverage, dairy and foodservice end markets.

MCGRAW-HILL/CENGAGE (MCGRAW-HILL GLOBAL EDUCATION HOLDINGS LLC): $3.342 billion covenant-lite first-lien term loan (B2/B+) due May 2024 talked at Libor plus 500 bps, 1% Libor floor, 25 bps extension fee, 101 soft call for six months; Credit Suisse; amend and extend first-lien term debt at McGraw-Hill and Cengage who are merging; provider of curated educational content and digital learning solutions.

MEDALLION MIDLAND ACQUISITION LP: $50 million add-on first-lien term loan (//BB) due Oct. 30, 2024 talked at Libor plus 325 bps, 1% Libor floor, OID 98.79; Jefferies; general corporate purposes including the funding of capital expenditures associated with a recently executed commercial arrangement entered into with a Permian Midstream peer; Irving, Texas, crude oil gathering and intra-basin transportation system in the Midland Basin.

OCTAVE MUSIC GROUP INC.: $20 million add-on first-lien term loan due May 2023 talked at Libor plus 475 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Citizens; pay down second-lien term loan in connection with amendment and extension; New York-based interactive entertainment platform.

OMNIA PARTNERS INC.: $206 million of add-on term loans; Barclays, Jefferies and Fifth Third; $160 million add-on first-lien term loan (B2/B) talked at Libor plus 375 bps, 0% Libor floor, OID 99, 101 soft call for six months; $46 million pre-placed add-on second-lien term loan (Caa2/CCC+); Franklin, Tenn., group purchasing organization.

ORYX: $1.65 billion credit facilities; Barclays, Goldman Sachs, RBC and Jefferies; $150 million five-year super-priority revolver; $1.5 billion seven-year term B (B2/B/BB) at Libor plus 400 bps, 0% Libor floor, OID 99, 101 soft call; help fund buyout by Stonepeak Infrastructure Partners from Quantum Energy Partners, Post Oak Energy Capital, Concho Resources, WPX Energy and other investors, refinance existing debt, fund the required reserve accounts and general corporate purposes; Midland, Texas, midstream crude operator.

PCI GAMING AUTHORITY (WIND CREEK HOSPITALITY): $1.4 billion credit facilities (Ba3/BB+/BBB-); Credit Suisse, KeyBanc and Capital One; $100 million revolver; $1.3 billion seven-year first-lien term loan talked at Libor plus 300 bps to 325 bps, 0% Libor floor, OID 99, 101 soft call for six months; fund acquisition of Sands Casino Resort in Bethlehem, Pa., from Las Vegas Sands Corp.; owner and operator of gaming and entertainment facilities.

RADIOLOGY PARTNERS INC.: $360 million of term loans; Barclays, Deutsche Bank, Fifth Third and Golub; $240 million incremental first-lien term B (B) at Libor plus 475 bps, 0% Libor floor, OID 99.5, 101 soft call until Aug. 12, 2019; $120 million privately placed incremental second-lien term loan (CCC+); fund acquisitions currently under letters of intent; El Segundo, Calif., radiology physician practice management company.

ROYALTY PHARMA: $1 billion of term loans (Baa3/BBB-/BBB-); Bank of America; $800 million seven-year incremental term B talked at Libor plus 225 bps, 0% Libor floor, OID 99.5; $200 million term A; help fund potential acquisition of a royalty stream in Keytruda; New York-based acquirer of royalty interests in marketed and late-stage biopharmaceutical products.

SIRIUS COMPUTER SOLUTIONS INC.: $940 million credit facilities; Credit Suisse, Citigroup, UBS, Barclays, Deutsche Bank, Goldman Sachs, ING, Macquarie, MUFG, Natixis, Nomura, RBC and SunTrust; $190 million revolver; $750 million seven-year covenant-lite first-lien term loan talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Clayton, Dubilier & Rice from Kelso & Co.; San Antonio, Texas, provider of mission-critical IT infrastructure solutions.

STATS LLC: $540 million of term loans; Morgan Stanley, Bank of America, HSBC, Mizuho, Barclays and Macquarie; $400 million seven-year covenant-lite first-lien term loan talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99, 101 soft call for six months; $140 million privately placed second-lien term loan; also £50 million revolver; fund acquisition of Perform; Chicago-based sports data, technology, statistics and content company.

TAMKO BUILDING PRODUCTS INC.: $600 million seven-year term B (B2/BB-) at Libor plus 325 bps, step-down to Libor plus 300 bps when first-lien net leverage is 3.5x, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; refinance existing debt and fund a redemption of equity interests; Joplin, Mo., manufacturer of residential roofing products, decking and railing products, waterproofing, cements, and coatings.

WELLS ENTERPRISES INC.: $100 million add-on covenant-lite term loan (B1/BB) due 2025 at Libor plus 275 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; BMO; fund acquisition of Fieldbrook Foods from Arbor Investments; Le Mars, Iowa, ice cream and frozen treat manufacturer.

WEX INC.: $1.318 billion covenant-lite term B due 2026 talked at Libor plus 225 bps, 0% Libor floor, OID 99.25 area, 101 soft call for six months; Bank of America; amend and extend existing term B; South Portland, Maine, provider of corporate payment solutions.

WHEEL PROS: $416 million of term loans; UBS, Antares, Deutsche Bank and ING; $326 million incremental first-lien term loan (B2/B) at Libor plus 475 bps, 0% Libor floor, OID 99, 101 soft call for six months; $90 million privately placed incremental second-lien term loan (Caa2/CCC+); fund an acquisition; distributor of proprietary branded wheels and performance tires.

WORLEY CLAIMS SERVICES LLC: $520 million credit facilities; Antares, Golub, Madison Capital and Owl Rock; $50 million five-year revolver; $300 million seven-year covenant-lite first-lien term loan talked at Libor plus 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; $50 million delayed-draw seven-year first-lien term loan talked at Libor plus 400 bps, 0% Libor floor, OID 99; $120 million privately placed second-lien term loan; help fund buyout by Kohlberg & Co. and management; Fishers, Ind., provider of insurance claims management services.

On The Horizon

ADVISOR GROUP INC.: $1.25 billion term loan; UBS; help fund buyout by Reverence Capital Partners; Phoenix, Ariz., wealth management platform.

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.

BOLTHOUSE FARMS: New debt financing; help fund buyout by Butterfly Equity from Campbell Soup Co.; Bakersfield and Santa Monica, Calif., producer of organic beverages, dressings and carrots.

CHART INDUSTRIES INC.: Up to $450 million in term loan financing; JPMorgan; help fund acquisition of Harsco Corp.’s Industrial Air-X-Changers business; Ball Ground, Ga., manufacturer of highly engineered equipment servicing multiple market applications in energy and industrial gas.

DIAMOND SPORTS GROUP LLC/SINCLAIR BROADCAST GROUP INC.: $4.3 billion of credit facilities; JPMorgan, Deutsche Bank, RBC and Bank of America; $300 million five-year revolver at Diamond; $3.3 billion seven-year term loan at Diamond; $700 million seven-year term loan at Sinclair; help fund acquisition of 21 Regional Sports Networks and Fox College Sports from the Walt Disney Co.; Hunt Valley, Md., television broadcasting company.

EDGEWELL PERSONAL CARE CO.: $1.6 billion senior secured credit facilities; Bank of America; $400 million revolver; $400 million term A; $800 million term B; help fund acquisition of Harry’s Inc.; Shelton, Conn., consumer products company.

ELECTRONICS FOR IMAGING INC.: New debt financing; RBC, KKR, Deutsche Bank, Barclays, Credit Suisse and Macquarie; help fund buyout by Siris Capital Group LLC; Fremont, Calif., technology company focused on the transformation to digital imaging from analog.

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.

INDUSTRIALCO (INGERSOLL RAND): New debt facilities; Citigroup, KKR and Goldman Sachs; help fund creation through the combination of Ingersoll-Rand plc’s industrial segment with Gardner Denver Holdings Inc.; provider of mission-critical flow creation and industrial technologies.

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.

PERFORCE SOFTWARE INC.: New debt financing; Credit Suisse, Deutsche Bank and Ares; back a significant new equity investment from Francisco Partners; Minneapolis-based provider of enterprise-grade development operations software solutions.

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.

SMART & FINAL STORES INC.: New debt financing; help fund buyout by Apollo Global Management LLC; Commerce, Calif., food retailer.

SNAPAV: New debt financing; help fund acquisition of Control4 Corp.; Charlotte, N.C., manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators.

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.: New debt financing; Barclays and RBC; fund acquisition of USAA Asset Management Co.; Brooklyn, Ohio, asset management firm.

ZAYO GROUP HOLDINGS INC.: New debt financing; Credit Suisse, Morgan Stanley, Citigroup, Deutsche Bank, SunTrust and TD Securities; help fund buyout by Digital Colony Partners and the EQT Infrastructure IV fund; Boulder, Colo., provider of mission-critical bandwidth to companies.

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