Bank Loan Calendar: $28.126 billion deals being marketed

May Bank Meetings

BLACKSTONE CQP HOLDCO LP: Lender presentation May 28; $2.5 billion senior secured term B (B+); Morgan Stanley; refinance existing debt and fund a distribution; owner of about a 40% interest in Cheniere Energy Partners LP.

CROSBY GROUP: Bank meeting May 29; new loan; UBS and KKR; refinance existing debt; Tulsa, Okla., provider of lifting, rigging and material handling hardware.

DISTRIBUTION INTERNATIONAL: Lender call May 28; $206 million first-lien term loan; RBC; amendment and extension; Houston-based distributor of mechanical and industrial insulation and accessory products for the industrial, commercial, and marine product markets.

IDERA INC.: Lender call May 29; $305 million of term loans; Jefferies, Credit Suisse and RBC; $100 million add-on first-lien term loan due 2024; $205 million privately placed second-lien term loan; support a minority investment from Partners Group; Houston-based provider of software tools for databases.

PACKERS SANITATION SERVICES INC.: Lender call May 28; $120 million incremental first-lien term loan due Dec. 4, 2024; Jefferies, Nomura and Morgan Stanley; fund a distribution to shareholders; Kieler, Wis., provider of mission critical cleaning, sanitation, and compliance services to the food processing industry.

WENCOR (JAZZ ACQUISITION INC.): Bank meeting May 29; $605 million credit facilities; Credit Suisse; $75 million revolver; $405 million seven-year covenant-lite first-lien term loan, 0% Libor floor, 101 soft call for six months; $125 million eight-year covenant-lite second-lien term loan, 0% Libor floor, call protection 102, 101; refinance existing debt; Peachtree City, Ga., aftermarket solutions provider for commercial aerospace.

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.

AMERILIFE GROUP LLC: $395 million credit facilities; Credit Suisse, SunTrust and Deutsche Bank; $40 million revolver (B2/B); $285 million seven-year covenant-lite first-lien term loan (including $35 million delayed-draw tranche) (B2/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99, 101 soft call for six months; $70 million eight-year covenant-lite second-lien term loan (Caa2/CCC+) talked at Libor plus 875 bps to 900 bps, 0% Libor floor, OID 98.5, call protection 102, 101; refinance existing debt, fund tuck-in acquisitions and finance a shareholder distribution; Clearwater, Fla., developer, marketer and distributor of annuity, life and health insurance solutions.

ANVIL INTERNATIONAL/SMITH COOPER INTERNATIONAL: $840 million of term loans; JPMorgan; $740 million seven-year first-lien term loan (B2/B) at Libor plus 500 bps, 0% Libor floor, OID 97.5, 101 soft call for six months; $100 million eight-year second-lien term loan (Caa1/CCC+) at Libor plus 900 bps, 0% Libor floor, OID 95, call protection 102, 101; fund merger of the two companies; provider of products that connect and support piping systems.

AUTODATA GROUP: $590 million credit facilities; RBC, KKR and SunTrust; $40 million revolver (B2/B-); $400 million seven-year first-lien term loan (B2/B-) at Libor plus 350 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $150 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.

AVEANNA HEALTHCARE: $485 million eight-year senior secured second-lien term loan (including $245 million incremental) talked at Libor plus 875 bps, 1% Libor floor, OID 96 on incremental only (97 OID plus 1% underwriting fee), call protection 102, 101; Barclays; fund acquisition of the home healthcare division of Maxim Healthcare Services and extend/reprice an existing second-lien term loan; Atlanta-based home healthcare company.

BERRY GLOBAL GROUP INC.: $5.45 billion equivalent of term loans (Ba2/BBB-); Goldman Sachs, Wells Fargo, JPMorgan, Morgan Stanley and RBC; $4.25 billion seven-year covenant-lite term B at Libor plus 250 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $1.2 billion equivalent euro seven-year covenant-lite term B at Euribor plus 250 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.

BIG ASS SOLUTIONS (BIG ASS FANS LLC): $100 million incremental first-lien term loan (B) due May 21, 2024 talked at Libor plus 375 bps, 1% Libor floor, OID 99.5; Credit Suisse and SunTrust; refinance a seller note and fund a shareholder distribution; Lexington, Ky., producer of high volume, low speed and connected fans.

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 (B2/B-) at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call; $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.

GLOBALFOUNDRIES INC.: Expected closing late May/early June; roughly $750 million of term loans; Morgan Stanley, MUFG and First Abu Dhabi Bank; $525 million seven-year senior secured covenant-lite term B at Libor plus 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; €200 million seven-year senior secured covenant-lite term B at Euribor plus 425 bps, 0% floor, OID 98, 101 soft call for six months; refinance existing debt; full-service semiconductor foundry.

IAA SPINCO INC.: $800 million seven-year term B (Ba2/BB/BB+) at Libor plus 225 bps, 0% Libor floor, OID 99.75, 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.

JEFFERIES FINANCE LLC: Expected closing June 3; $1.025 billion credit facilities; Jefferies, Citigroup and HSBC; $275 million three-year priority revolver (Ba1/BB-/BB+); $750 million seven-year senior secured first-lien term loan (Ba2/BB-/BB) at Libor plus 375 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; help refinance existing debt and reduce non-funding debt; New York-based leveraged loan arranger and investor.

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.

MADRID (AI PLEX ACQUICO): €1.785 billion equivalent credit facilities (B2//B); Barclays, Deutsche Bank, Goldman Sachs, Bank of America, Bank of China, Helaba, HSBC, RBC and NatWest; €300 million 6.5-year multi-currency revolver; €520 million equivalent U.S. dollar seven-year term B talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; €965 million seven-year term B talked at Euribor plus 475 bps to 500 bps, 0% floor, OID 99, 101 soft call for six months; help fund buyout of Evonik Industries AG’s methacrylates business by Advent International; provider of methacrylate solutions to a variety of end markets.

MONEYGRAM INTERNATIONAL INC.: $650 million to $675 million first-lien term loan (B2) due May 2023 talked at Libor plus 550 bps, OID 99, 101 soft call; Bank of America and Wells Fargo; amendment and extension; Dallas-based money transfer company.

MRO HOLDINGS INC.: Expected closing May 31; $360 million senior secured term B (B2/BB-) talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; RBC; refinance existing debt and fund a distribution to shareholders; provider of maintenance, repair and overhaul services to the airline and freight carrier industries.

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 at Libor plus 300 bps, 0% Libor floor, OID 99.5, 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.

SEGRA (MTN INFRASTRUCTURE TOPCO INC.): Expected closing late June; $100 million add-on senior secured covenant-lite term B due Nov. 17, 2024 at Libor plus 300 bps, 1% Libor floor, OID 99.25; Morgan Stanley, Goldman Sachs and SunTrust; general corporate purposes including capital expenditure; fiber-based service provider.

SIRIUS COMPUTER SOLUTIONS INC.: $940 million credit facilities (Ba3/B); 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 at Libor plus 425 bps, step-down to Libor plus 400 bps at 5x total net leverage, 0% Libor floor, OID 99.75, 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.

SMART & FINAL GROCERY (SAFFRON BORROWCO LLC): $530 million senior secured credit facilities; Deutsche Bank, BMO, RBC, Bank of America, Barclays, Credit Suisse and UBS; $380 million seven-year covenant-lite term B (B3/B) talked at Libor plus 650 bps, 0% Libor floor, OID 97 to 98, 101 soft call; $150 million ABL revolver; help fund buyout of Smart & Final Stores Inc. by Apollo Global Management LLC; food retailer operating smaller-box, warehouse-style club stores.

SMART FOODSERVICE (SAGE BORROWCO LLC): $455 million senior secured credit facilities (B2/B); Deutsche Bank, BMO, RBC, Bank of America, Barclays, Credit Suisse and UBS; $50 million revolver; $405 million seven-year covenant-lite term B talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout of Smart & Final Stores Inc. by Apollo Global Management LLC; retailer of bulk foodservice offerings.

SPENCER SPIRIT: $385 million covenant-lite term B (B2/B) due June 2026 talked at Libor plus 575 bps to 600 bps, 0% Libor floor, OID 99, 101 soft call for six months; Guggenheim and Wells Fargo; refinance existing debt; Egg Harbor Township, N.J., specialty retailer focused on lifestyle accessories and specialized Halloween merchandise.

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 (B2/B-) at Libor plus 525 bps, 0% Libor floor, OID 97.5, 101 soft call; $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.

UNITED PLANET FITNESS PARTNERS (UNITED PF HOLDINGS LLC): $670 million credit facilities; Jefferies and Fifth Third; $20 million five-year revolver (B1/B); $465 million seven-year first-lien term loan (B1/B) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; $75 million delayed-draw seven-year first-lien term loan (B1/B) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99; $110 million eight-year second-lien term loan (Caa1/CCC+) talked at Libor plus 825 bps to 850 bps, 0% Libor floor, OID 98.5, call protection 102, 101; refinance existing debt and fund club acquisitions; operator of Planet Fitness Clubs.

VICTORY CAPITAL HOLDINGS INC.: $1.23 billion senior secured credit facilities (Ba3/BB-); Barclays, RBC and BMO; $100 million five-year revolver; $1.13 billion seven-year term B talked at Libor plus 350 bps, 0% Libor floor, OID 99, 101 soft call for six months; fund acquisition of USAA Asset Management Co.; Brooklyn, Ohio, asset management firm.

WORLEY CLAIMS SERVICES LLC: $520 million credit facilities; Antares, Golub, Madison Capital and Owl Rock; $50 million five-year revolver (B3/B); $300 million seven-year covenant-lite first-lien term loan (B3/B) 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 (B3/B) 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.

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.

BUCKEYE PARTNERS LP: New debt financing; Credit Suisse, Goldman Sachs and Bank of America; help fund buyout by IFM Investors; Houston-based owner and operator of integrated midstream assets.

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.

E2OPEN: New debt financing; Golub; help fund acquisition of Amber Road Inc.; Austin, Texas, cloud-based provider of networked supply chain solutions.

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.

HOWDEN: New debt financing; JPMorgan, Barclays, BNP Paribas, RBC and HSBC; help fund buyout by KPS Capital Partners LP from Colfax Corp.; Glasgow, Scotland, provider of mission critical air and gas handling products and services to the industrial, power, oil & gas and mining industries.

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.

ION INVESTMENT GROUP: New debt financing; UBS; fund acquisition of Acuris from BC Partners and GIC; provider of mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations.

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.

NASCAR HOLDINGS INC.: $1.65 billion secured credit facilities; Goldman Sachs, Bank of America and PNC; $150 million revolver; $1.5 billion term loan; help fund acquisition of International Speedway Corp.; Daytona Beach, Fla., sports sanctioning body and provider of news, statistics, and information services on races, drivers, teams, and industry events.

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.

PL DEVELOPMENTS: $350 million credit facilities; Jefferies; $40 million ABL revolver; $310 million term B; refinance existing debt and fund an acquisition; Westbury, N.Y., manufacturer, packager, and distributor of over-the-counter pharmaceutical products and consumer healthcare goods.

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.

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.

WESTJET AIRLINES LTD.: New debt financing; Barclays, Morgan Stanley and RBC; help fund buyout by Onex Corp.; Calgary-based airline company.

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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