Bank Loan Calendar: $29.391 billion deals being marketed

November Bank Meetings

AMG ADVANCED METALLURGICAL GROUP NV: Lender call Nov. 2; $550 million credit facilities (BB-); HSBC; $200 million five-year revolver; $350 million seven-year term B, 101 soft call for six months; refinance existing credit facilities; critical materials company.

GOLDEN WEST PACKAGING GROUP LLC: Lender presentation Nov. 4; $290 million six-year covenant-lite first-lien term loan; Citizens; refinance existing debt and fund a tuck-in acquisition; City of Industry, Calif., provider of corrugated and specialty packaging solutions.

KKR REAL ESTATE FINANCE TRUST INC. (KREF HOLDINGS X LLC): Lender call Nov. 2; $348 million term B (including $50 million add-on) talked at Libor plus 350 bps to 375 bps, 0.5% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan and KKR; general corporate purposes and repricing; New York-based real estate finance company.

PARTS AUTHORITY (PAI HOLDCO INC.): Bank meeting Nov. 2; $100 million incremental first-lien term loan due Oct. 28, 2027 talked at Libor plus 375 bps, 25 bps step-down based on leverage and 25 bps step-down upon an IPO, 0.75% Libor floor, OID 99.5; Jefferies; fund a distribution to shareholders; also repricing existing second-lien term loan and upsizing ABL revolver by $75 million; Lake Success, N.Y., automotive aftermarket replacement parts distribution platform.

PCI PHARMA SERVICES (PACKAGING COORDINATORS MIDCO INC.): Lender call Nov. 2; $650 million of term loans; Jefferies, RBC and Antares; $510 million incremental first-lien term loan due November 2027 talked at Libor plus 375 bps, 0.75% Libor floor, OID 99.5; $140 million privately placed incremental second-lien term loan due November 2029 at Libor plus 700 bps, 0.75% Libor floor; help fund acquisition of Lyophilization Services of New England Inc. from Permira; Philadelphia-based provider of outsourced pharmaceutical services.

TRANSUNION LLC: Lender call Nov. 2; $3.74 billion of term loans; Deutsche Bank, Capital One, RBC and BofA Securities on term B-6; JPMorgan, Deutsche Bank and Wells Fargo on second-lien; $3.1 billion seven-year covenant-lite term B-6, 101 soft call for six months; $640 million eight-year covenant-lite second-lien term loan, redeemable at par for six months post-closing, then 102, 101; help fund acquisition of Neustar from Golden Gate Capital and other investors and refinance certain debt, and help fund acquisition of Sontiq Inc.; Chicago-based information and insights company.

ULTRA ELECTRONICS: Lender call Nov. 3; $855 million seven-year term B, 101 soft call for six months; Barclays, BNP, Credit Suisse, HSBC, Goldman Sachs, Jefferies, Lloyds, Morgan Stanley, Natwest, RBC, SMBC and UniCredit; also €475 million seven-year term B, 101 soft call for six months; help fund acquisition by Advent and refinance existing debt; London-based manufacturer of electronic and electromechanical systems, sub-systems, and products for defense, security and aerospace applications.

VANTAGE ELEVATOR SOLUTIONS: Lender call Nov. 2; $820 million credit facilities; RBC, Jefferies and Antares; $85 million five-year revolver; $525 million seven-year first-lien term loan; $210 million privately placed eight-year second-lien term loan; help fund buyout by Ontario Teachers’ Pension Plan Board; Bronx, N.Y., elevator component manufacturer.

Upcoming Closings

ACUREN (ROCKWOOD SERVICE CORP.): $100 million add-on term B due January 2027 talked at Libor plus 400 bps, step-up to Libor plus 425 bps at greater than 3.5x first-lien net leverage, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; BofA Securities; fund acquisition of Premium Inspection & Testing Group; provider of testing services to energy and industrial markets.

AERCAP HOLDINGS NV (SETANTA AIRCRAFT LEASING DAC): $2 billion seven-year term B (Baa2/BBB) talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Citigroup and Goldman Sachs; help fund already completed acquisition of GE Capital Aviation Services business from GE and general corporate purposes; Dublin-based aircraft leasing company.

APEX GROUP: $465 million add-on covenant-lite term loan B due July 2028 talked at Libor plus 375 bps, 0.5% Libor floor, OID 99 to 99.5; BofA Securities; also €225 million add-on covenant-lite term loan B due July 2028 talked at Euribor plus 400 bps, 0% floor, OID 99.25 to 99.5; help fund acquisition of Sanne Group; provider of fund administration services, financial and corporate solutions.

BYJU’S (THINK & LEARN PRIVATE LTD.): $500 million five-year senior secured covenant-lite term B talked at Libor plus 550 bps, step-up to Libor plus 600 bps nine months after closing if two ratings are not obtained, 0.75% Libor floor, OID 98.5, hard call 105, 103, 101; Morgan Stanley and JPMorgan; general corporate purposes offshore; India-based educational technology company.

CARESTREAM DENTAL INC.: $955 million of term loans; Credit Suisse, Citigroup, Goldman Sachs, HSBC and ING; $695 million seven-year covenant-lite first-lien term loan (B2/B) talked at Libor plus 425 bps to 450 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; $260 million eight-year covenant-lite second-lien term loan (Caa2/CCC+) talked at Libor plus 775 bps to 800 bps, 0.5% Libor floor, OID 98.5, call protection 102, 101; repay existing debt and fund a distribution to shareholders; Atlanta-based dental technology company providing imaging equipment and practice management software.

DRASLOVKA HOLDING (MANCHESTER ACQUISITION SUB LLC): $335 million seven-year term B (B2/B) talked at SOFR + 10 bps CSA for one month, 15 bps for three months and 25 bps for six months, plus 525 bps to 550 bps, 0.75% SOFR+CSA floor, OID 98, 101 soft call for one year; JPMorgan; help fund acquisition of Chemours Co.’s Mining Solutions business; Czech Republic-based specialty chemicals company.

ECHO GLOBAL LOGISTICS: $810 million credit facilities; Credit Suisse, Citigroup, BMO, BNP Paribas, Citizens, UBS and MUFG; $100 million revolver; $550 million seven-year covenant-lite first-lien term loan (B1/B+) talked at Libor plus 400 bps to 425 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; $160 million privately placed second-lien term loan; help fund buyout by the Jordan Co.; Chicago-based provider of tech-enabled transportation and supply chain management services.

EFS COGEN HOLDINGS I LLC (LINDEN): Roughly $963 million senior secured term loan B (Ba3/BB-) due Oct. 1, 2027 talked at Libor plus 325 bps, 1% Libor floor, issue price par, 101 soft call for six months; Jefferies; repricing; owner of a natural gas-fired combined cycle cogeneration plant located in Linden, N.J.

FR REFUEL LLC: $300 million of term loans (B3/B); Citizens; $265 million seven-year covenant-lite first-lien term loan talked at Libor plus 450 bps to 475 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $35 million covenant-lite delayed-draw term loan talked at Libor plus 450 bps to 475 bps, 0.75% Libor floor, OID 99; refinance existing debt; Charleston, S.C., convenience store operator.

GREENWASTE RECOVERY: Expected closing late-November/mid-December; $500 million credit facilities (B2/B+); Truist, RBC, Fifth Third and MUFG; $100 million five-year revolver; $400 million seven-year covenant-lite term B at Libor plus 325 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition by MIP V; San Jose, Calif., provider of solid waste collection and recycling solutions.

HOLLEY INC.: $825 million credit facilities (B2/B); Jefferies, Wells Fargo, BofA Securities and Truist; $125 million five-year revolver; $600 million seven-year first-lien term loan talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $100 million delayed-draw first-lien term loan talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99.5; refinance existing debt; Bowling Green, Ky., platform in the performance enthusiast automotive aftermarket space.

HOWDEN: $250 million add-on term loan talked at Libor plus 400 bps, 0% Libor floor, OID 99.125 to 99.375; JPMorgan; fund acquisition of Compressor Products International, add cash to the balance sheet and general corporate purposes; Glasgow, Scotland, provider of mission critical air and gas handling products and services.

INEOS GROUP HOLDINGS: Roughly €680 million equivalent U.S. ($790 million) seven-year term B (Ba2/BB) talked at Libor plus 275 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan (left on U.S.), Barclays (joint physical on euro), Citigroup, HSBC, BofA Securities, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, ING, Lloyds, NatWest and Santander; also roughly €400 million seven-year term B (Ba2/BB) talked at Euribor plus 275 bps, 0.5% floor, OID 99.5, 101 soft call for six months; refinance senior notes; London-based chemicals company.

INTRAFI NETWORK LLC (NEXUS BUYER LLC): Expected closing early November; $540 million eight-year covenant-lite second-lien term loan (Caa2/CCC) at Libor plus 625 bps, 0.5% Libor floor, OID 99, hard call 102, 101; Nomura and Guggenheim; fund a distribution to shareholders; Arlington, Va., financial technology solutions provider offering deposit placement and funding services to financial institutions.

IVANTI SOFTWARE INC.: Expected closing Dec. 1; roughly $2.471 billion credit facilities; Morgan Stanley (left on first-lien), BofA Securities (left on second-lien), UBS, BMO, Antares and Goldman Sachs; $175 million revolver; roughly $1.751 billion senior secured covenant-lite first-lien term B due Dec. 1, 2027 at Libor plus 425 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; $545 million second-lien term loan at Libor plus 725 bps, 0.5% Libor floor, OID 99.5, hard call 102, 101; repricing; South Jordan, Utah, company that automates IT and security operations.

LIFESCAN GLOBAL: $800 million five-year term B (B3/B) talked at Libor plus 575 bps to 600 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; BofA Securities; help refinance existing debt; Malvern, Pa., diagnostics systems manufacturer with a focus on glucose monitoring and diabetes management.

MARLINK GROUP: $525 million first-lien seven-year term B (B2/B) talked at Libor plus 450 bps to 475 bps, 25 bps step-down at 0.5x inside closing date first-lien net leverage and a 25 bps step-down upon an IPO, 0.5% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs, BNP Paribas, BofA Securities, Barclays, KKR, HSBC and Banque CIC; also €250 million seven-year first-lien term B (B2/B) talked at Euribor plus 450 bps to 475 bps, two 25 bps step-downs at 0.5x and 1x inside closing date first-lien net leverage and one 25 bps step-down upon an IPO, 0% floor, OID 99, 101 soft call for six months; help fund buyout by Providence Equity Partners from Apax Partners SAS; Paris and Oslo-based provider of business-critical SatCom services.

MICHAEL BAKER INTERNATIONAL: $380 million credit facilities; UBS; $80 million five-year ABL revolver; $300 million seven-year first-lien term B (B2/B) talked at Libor plus 500 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; refinance existing capital structure; Pittsburgh-based provider of engineering and consulting services.

MONOTYPE IMAGING HOLDINGS INC.: $488 million term B due October 2026 talked at Libor plus 500 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank; repricing; Woburn, Mass., provider of software-enabled font content and IP licensing for enterprise and creative customers.

MOTUS: $575 million credit facilities; RBC, Barclays, Owl Rock and Thoma Bravo; $50 million revolver; $390 million seven-year first-lien term loan (B2/B-/B+) talked at Libor plus 375 bps to 400 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; $135 million privately placed second-lien term loan; help fund a significant strategic investment by Permira and reinvestment by Thoma Bravo; Boston-based reimbursement software platform for the anywhere workforce.

PARKWAY GENERATION LLC: $1.14 billion of seven-year senior secured term loans (Ba3/BB); Morgan Stanley, Jefferies, BNP Paribas and Goldman Sachs; $1 billion term B talked at Libor plus 450 bps to 475 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $140 million term C talked at Libor plus 450 bps to 475 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; help fund ArcLight Capital Partners’ acquisition of Public Service Enterprise Group Inc.’s portfolio of eight natural gas-fired power generation facilities in New Jersey and Maryland (Parkway Generation), and fund a collateral account to cash collateralize the issuance of letters of credit.

SUMMIT BEHAVIORAL HEALTHCARE LLC: $800 million credit facilities; Jefferies, BofA Securities and Credit Suisse; $75 million five-year revolver (B2/B-); $450 million seven-year first-lien term loan (B2/B-) talked at Libor plus 400 bps to 425 bps, one leverage-based step-down and one IPO-based step-down, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $70 million first-lien delayed-draw term loan (B2/B-) talked at Libor plus 400 bps to 425 bps, one leverage-based step-down and one IPO-based step-down, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $180 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 700 bps to 725 bps, 0.75% Libor floor, OID 99, hard call 102, 101; $25 million second-lien delayed-draw term loan (Caa2/CCC) talked at Libor plus 700 bps to 725 bps, 0.75% Libor floor, OID 99, hard call 102, 101; help fund buyout by Patient Square Capital from FFL Partners and Lee Equity Partners; Franklin, Tenn., behavioral health services provider.

SYNAPTICS INC.: Expected closing early December; $600 million seven-year first-lien term loan (Ba1/BB-) at Libor plus 225 bps, 25 bps step-down at 1x inside of opening total gross leverage, 0.5% Libor floor, OID 99.75, 101 soft call for six months; Barclays, Wells Fargo, MUFG and BMO; fund acquisition of DSP Group Inc.; San Jose, Calif., provider of high performance IoT and PC semiconductor solutions.

SYSTEM1 INC.: $450 million credit facilities; BofA Securities; $400 million seven-year term loan B (B) talked at Libor plus 400 bps to 425 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; $50 million five-year revolver; help repay existing credit facility, fund redemptions of Trebia Acquisition Corp. class A ordinary shares and provide cash for working capital; Venice, Calif., omnichannel customer acquisition marketing platform.

TRANSMONTAIGNE OPERATING CO. LP: $1.15 billion credit facilities (B1/BB-/BB); Barclays; $1 billion seven-year senior secured term B talked at Libor plus 350 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; $150 million revolver; refinance existing debt and fund a distribution to the sponsor; Denver-based pure play downstream terminal infrastructure platform.

UNITED NATURAL FOODS INC.: $844 million covenant-lite first-lien term loan (B1/BB-) due October 2025 talked at Libor plus 300 bps to 325 bps, 0% Libor floor, issue price par, 101 soft call for six months; Credit Suisse; repricing; Providence, R.I., distributor of natural, organic and specialty grocery and non-food products.

UNITED SITE SERVICES (PECF USS INTERMEDIATE HOLDING III CORP.): $1.25 billion seven-year term B (B2/B-) talked at Libor plus 450 bps to 475 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; BofA Securities, Goldman Sachs, Morgan Stanley, Barclays, Deutsche Bank and Jefferies; help fund acquisition by a Platinum Equity Continuation Fund and refinance existing debt; Westborough, Mass., provider of portable restrooms, temporary fence and related site services.

UST GLOBAL: Expected closing mid-November; $400 million seven-year senior secured covenant-lite first-lien term loan (B1/BB-) at Libor plus 375 bps, 0.5% Libor floor, OID 99.5, 101 soft call for one year; Citigroup, BofA Securities, JPMorgan and MUFG; refinance existing debt and general corporate purposes; Aliso Viejo, Calif., provider of digital technology and transformation, information technology and services.

VERTEX AEROSPACE: $1.11 billion of term loans; RBC, Morgan Stanley, Credit Suisse, MUFG and Citizens; $890 million seven-year first-lien term loan (B1/B) talked at Libor plus 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $220 million eight-year privately placed second-lien term loan; fund acquisition of Project Sky from Raytheon Technologies; Madison, Miss., defense aerospace company.

WATLOW: $512 million term B talked at Libor plus 350 bps to 375 bps, 0.5% Libor floor, issue price par, 101 soft call for six months; BMO; repricing; St. Louis-based designer and manufacturer of complete thermal systems.

On The Horizon

AMENTUM HOLDINGS LLC: New debt financing; help fund acquisition of PAE Inc.; Germantown, Md., technical and engineering services partner.

ARISTOCRAT LEISURE LTD.: $2.05 billion term B; UBS and Goldman Sachs; help fund acquisition of Playtech; North Ryde, Australia, provider of gaming solutions.

AUTHENTIC BRANDS GROUP: New debt financing; BofA Securities and Goldman Sachs; fund acquisition of Reebok from adidas; New York-based acquirer and manager of consumer brands in the fashion, sports and celebrity/entertainment sectors.

BROOKFIELD BUSINESS PARTNERS LP: New debt financing; Barclays, Deutsche Bank, BNP Paribas, Credit Agricole, Macquarie and RBC; help fund acquisition of Scientific Games Corp.’s lottery services and technology business; business services and industrials company.

BROOKS AUTOMATION INC.: New debt financing; Barclays, Goldman Sachs and Credit Suisse; help fund buyout by Thomas H. Lee Partners LP; Chelmsford, Mass., automation technology company with significant expertise in semiconductors.

CELESTICA INC.: Roughly $210 million term loan; help repay revolver borrowings used for the acquisition of PCI Ltd. from Platinum Equity; Toronto-based provider of design, manufacturing and supply chain solutions.

COVANTA HOLDING CORP.: $1.815 billion credit facilities (BB); Barclays, Credit Suisse, TD Securities, BNP Paribas, Credit Agricole, Goldman Sachs, RBC, Citigroup, Stifel, MUFG, Fifth Third and Citizens; $440 million revolver; $1.275 billion senior secured term B, including a $400 million backstop delayed-draw tranche; $100 million term C; help fund buyout by EQT Infrastructure; Morristown, N.J., provider of sustainable waste and energy solutions.

DAVIS-STANDARD: $285 million term B; BMO; help fund buyout by Gamut Capital; designer, developer and distributor of extrusion and converting technology.

DIASORIN SPA: $1.1 billion term loan due 2026; Citigroup, BNP Paribas, Mediobanca and UniCredit; help fund acquisition of Luminex Corp.; Italy-based developer, producer and marketer of reagent kits used by diagnostic laboratories.

DL CHEMICAL CO. LTD.: New debt financing; Goldman Sachs; help fund acquisition of Kraton Corp.; petrochemical company.

FIRSTCASH INC.: New debt financing; help fund acquisition of American First Finance Inc.; Fort Worth, Tex., based operator of retail pawn stores.

GLOBAL MOBILITY TAX AND IMMIGRATION SERVICES: New debt financing; Deutsche Bank, JPMorgan, UBS, BMO, BNP Paribas, Mizuho, RBC and Societe Generale; help fund buyout by Clayton, Dubilier & Rice from PwC; provider of compliance, consulting and technology services for employers and their mobile employees.

HEXION COATINGS AND COMPOSITES (US) INC. (HCC): New debt financing; help fund separation into an independent company from Hexion Holdings Corp.; supplier of epoxy resins and systems.

ICU MEDICAL INC: $2 billion credit facilities; Wells Fargo and Barclays; $300 million revolver; $850 million term A; $850 million term B; help fund acquisition of Smith Group plc’s global medical device business; San Clemente, Calif., manufacturer of medical devices.

II-VI INC.: $4 billion senior secured credit facilities; JPMorgan; $350 million revolver; $850 million term A; $2.8 billion term B; help fund acquisition of Coherent Inc.; Saxonburg, Pa., manufacturer of engineered materials and optoelectronic components.

LIFEPOINT HEALTH: New debt financing; Barclays, Citigroup and RBC; help fund acquisition of Kindred Healthcare; Brentwood, Tenn., health care company.

MEREDITH CORP.: $875 million secured credit facilities; RBC and Barclays; $150 million revolver; $725 million term B; help fund spinoff of National Media Group and acquisition by IAC/InterActiveCorp’s Dotdash digital publishing unit, and refinance some existing debt; Des Moines owner of a portfolio of magazines as well as digital and marketing assets.

NORTONLIFELOCK: $9.35 billion senior secured credit facilities; BofA Securities, Wells Fargo, Scotia, Mizuho, Truist, MUFG, BNP Paribas and BMO on term B; BofA Securities, Wells Fargo, JPMorgan, Scotia, Mizuho, Truist, MUFG, BNP Paribas and BMO on term A; $1.5 billion five-year revolver; $750 million 60-day term A; $3.5 billion five-year term A; $3.6 billion seven-year covenant-lite term B expected at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; fund acquisition of Avast; Tempe, Ariz., cybersecurity provider.

NTHRIVE INC.: New debt financing; JPMorgan, Deutsche Bank, Golub, Barclays, BMO, Credit Suisse and Jefferies; help fund acquisition of TransUnion Healthcare Inc. from TransUnion; healthcare revenue cycle management software-as-a-service platform.

PELICAN PRODUCTS: New debt financing; BofA Securities; help fund buyout by Platinum Equity; Torrance, Calif., designer and manufacturer of protective cases and rugged gear for professionals and outdoor enthusiasts, and temperature-controlled supply chain solutions for the healthcare industry.

PRINCE INTERNATIONAL CORP.: $2.27 billion credit facilities; Barclays and Credit Suisse; $325 million revolver; $1.945 billion first-lien term loan; help fund acquisition of Ferro Corp. and merger with Chromaflo Technologies; Houston-based manufacturer of performance-critical specialty products for niche applications in the construction, electronics, consumer products, agriculture, automotive, oil & gas, industrial and other end markets.

SYNIVERSE: $1.165 billion credit facilities; Barclays, Goldman Sachs, BofA Securities, Credit Suisse, Deutsche Bank and Mizuho; $165 million revolver; $1 billion term loan; help refinance existing debt in connection with merger with M3-Brigade Acquisition II Corp.; Tampa, Fla., provider of technology and business services for the telecommunications industry.

TRC COS. INC.: New debt financing; UBS; help fund buyout by Warburg Pincus from New Mountain Capital; Windsor, Conn., engineering, environmental consulting and construction management firm.

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