Bank Loan Calendar: $69.6142 billion deals being marketed

Upcoming Closings

ALBERTSONS COS. LLC: $1.5 billion five-year asset-based last-out term loan (Ba2/BB-) at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, Credit Suisse, Goldman Sachs, Morgan Stanley, Barclays, Deutsche Bank, RBC, Wells Fargo and MUFG; help fund merger with Rite Aid Corp.; Boise, Idaho, food and drug retailer.

AMWINS GROUP LLC: $290 million add-on first-lien term loan (B1/B+) due Jan. 25, 2024 talked at Libor plus 275 bps, 1% Libor floor, OID 99.25 to 99.5, 101 soft call for six months; Goldman Sachs, Barclays, JPMorgan, Morgan Stanley and Wells Fargo; help repay revolver borrowings and second-lien term loan, and fund a distribution to shareholders; Charlotte, N.C., specialty insurance broker.

AOC/ALIANCYS (COMPOSITE RESINS HOLDING BV): $510 million seven-year senior secured covenant-light term B talked at Libor plus 425 bps, 1% Libor floor, OID 98 to 98.5, 101 soft call; Citigroup, Barclays, Deutsche Bank, Rabobank and Jefferies; fund acquisition of AOC LLC by CVC Capital Partners and merger of AOC with a portion of the Aliancys company, and refinance existing debt; manufacturer of resins.

APTOS INC.: $330 million in term loans; Credit Suisse; $230 million seven-year first-lien term loan (B2/B-) talked at Libor plus 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $100 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 900 bps, 0% Libor floor, OID 99, call protection 102, 101; refinance existing first-lien term loan; Atlanta-based retail technology solutions company.

ASURION LLC: $3.75 billion in term loans; Bank of America, Morgan Stanley, Goldman Sachs, Barclays, Credit Suisse and Deutsche Bank; $2.25 billion covenant-light first-lien term B-7 (B+) due November 2024 at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $1.5 billion add-on covenant-light second-lien term loan (B-) due Aug. 4, 2025 at Libor plus 650 bps, 0% Libor floor, OID 99.75, call protection 102, 101; fund a share repurchase/return of capital; Nashville-based provider of technology protection services.

AUTHENTIC BRANDS GROUP LLC (ABG INTERMEDIATE HOLDINGS 2 LLC): $100 million in incremental term loans; Bank of America, Barclays and KeyBanc; $70 million incremental covenant-light first-lien term loan (B) due Sept. 29, 2024 at Libor plus 350 bps, 1% Libor floor, OID 99.75, 101 soft call through Oct. 30; $30 million incremental covenant-light second-lien term loan (CCC+) due Sept. 29, 2025 at Libor plus 775 bps, 1% Libor floor, OID 99.75, call protection 102, 101; help fund acquisition of Nine West and Bandolino brands; New York-based acquirer and manager of consumer brands in the fashion, sports and celebrity/entertainment sectors.

AVEANNA HEALTHCARE LLC: $221 million in term loans (B2/B-); Barclays and BMO; $171 million incremental first-lien term B talked at Libor plus 525 bps, 1% Libor floor, OID 98, 101 soft call for six months; $50 million first-lien delayed-draw term B talked at Libor plus 525 bps, 1% Libor floor, OID 98; fund acquisition of Premier Healthcare Services LLC; Atlanta-based pediatric home health care company.

BBB INDUSTRIES LLC (GC EOS BUYER INC.): $900 million credit facilities; UBS; $100 million ABL revolver; $620 million seven-year covenant-light first-lien term loan (B3/B-) talked at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $180 million eight-year covenant-light second-lien term loan (Caa2/CCC) talked at Libor plus 825 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Genstar Capital; Daphne, Ala., remanufacturer of automotive products.

BEAVER-VISITEC: $297.7 million covenant-light term B due August 2023 talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; UBS; repricing; Waltham, Mass., developer, manufacturer and marketer of specialized surgical devices for the ophthalmic marketplace.

BIG ASS SOLUTIONS (BIG ASS FANS LLC): $249 million first-lien term loan (B2/B) due May 21, 2024 talked at Libor plus 350 bps to 375 bps, 1% Libor floor, 101 soft call for six months; Credit Suisse; repricing; Lexington, Ky., producer of high volume, low speed and connected fans.

BMC SOFTWARE: $4.775 billion equivalent credit facilities (B2/B); Credit Suisse, Goldman Sachs, Jefferies, KKR, Macquarie, Mizuho and Barclays; $400 million five-year revolver, 0% Libor floor; $3.375 billion seven-year term B talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; €855 million ($1 billion equivalent) seven-year term B talked at Euribor plus 450 bps to 475 bps, 0% floor, OID 99.5, 101 soft call for six months; help fund buyout by KKR from investor group led by Bain Capital Private Equity and Golden Gate Capital; Houston-based provider of software solutions for the digital enterprise.

BWAY HOLDING CO.: $400 million incremental covenant-light term B (B2/B) due April 3, 2024 talked at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, Goldman Sachs, BMO and Citigroup; help fund acquisition of Industrial Container Services from Centerbridge Partners LP; Atlanta-based manufacturer of rigid metal and plastic containers.

CIRQUE DU SOLEIL CANADA INC.: Expected close July 3; $95 million add-on first-lien term loan (B1/B+) at Libor plus 375 bps, 1% Libor floor, OID 99.125, 101 soft call for six months; RBC; fund acquisition of VStar Entertainment Group; Montreal-based producer of live artistic entertainment.

CLEAN HARBORS INC.: $350 million add-on senior secured first-lien term loan (Ba1) due June 2024 talked at Libor plus 175 bps, 0% Libor floor, OID 99.5 area, 101 soft call for six months; Goldman Sachs, Bank of America, JPMorgan and SunTrust; help refinance notes; Norwell, Mass., provider of environmental, energy and industrial services.

CULLIGAN HOLDING INC.: Expected closing July 9 week; $230 million add-on senior secured covenant-light term B-1 due Dec. 13, 2023 at Libor plus 325 bps, 25 bps step-down at 4x first-lien leverage, 1% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley, Citigroup, Goldman Sachs, RBC and BMO; directly or indirectly finance acquisitions; Rosemont, Ill., provider of water treatment products and services. Zip Industries is an Australian supplier of instant drinking water appliances.

DMT SOLUTIONS GLOBAL CORP.: Expected closing July 2; $250 million six-year covenant-light first-lien term loan (B3/B-) at Libor plus 700 bps, 0% Libor floor, OID 97, hard call 102, 101; Deutsche Bank, Bank of America, Goldman Sachs and KeyBanc; help fund buyout by Platinum Equity from Pitney Bowes Inc.; provider of global enterprise solutions for mail inserting, parcel sorting and printing equipment and services.

EDELMAN FINANCIAL CENTER LLC: $2.08 billion credit facilities; Morgan Stanley (left on first-lien), JPMorgan (left on second-lien), Barclays, Deutsche Bank and UBS; $150 million revolver (B1/B); $1.455 billion seven-year covenant-light first-lien term B (B1/B) at Libor plus 325 bps, 25 bps step-down at 0.5x inside closing first-lien secured leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $475 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 675 bps, 0% Libor floor, OID 99.5, call protection 102, 101; help fund acquisition of Financial Engines Inc.; financial planning firm.

ENERGIZER HOLDINGS INC.: $1.6 billion senior secured credit facilities (Ba1/BB+); JPMorgan and Barclays; $400 million revolver; $200 million term A; $1 billion seven-year covenant-light term B at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Spectrum Brands’ Global Battery and Portable Lighting Business, refinance existing credit facility and provide working capital; St. Louis-based manufacturer of primary batteries and portable lighting products.

FIRSTLIGHT FIBER (FLIGHT BIDCO INC.): $560 million credit facilities; UBS, TD Securities, Jefferies, Credit Agricole, Natixis and RBC; $55 million five-year revolver (B2/B-); $415 million seven-year first-lien term B (B2/B-) at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $90 million eight-year second-lien term loan (Caa2/CCC) at Libor plus 750 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Antin Infrastructure Partners from Oak Hill Capital Partners IV; Albany, N.Y., fiber-optic bandwidth infrastructure services provider.

FOCUS FINANCIAL PARTNERS LLC: $803 million covenant-light term B due July 2024 at Libor plus 250 bps, 0% Libor floor, 101 soft call for six months; RBC; refinance capital structure; New York-based partnership of independent, fiduciary wealth-management firms.

FORTRESS INVESTMENT GROUP (FINCO I LLC): Expected closing June 28; $1.2 billion covenant-light term B (Baa3/BB/BB) due Dec. 27, 2022 at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; New York-based alternative asset management firm.

FRONTIER COMMUNICATIONS CORP.: $240 million incremental senior secured term B due June 2024 talked at Libor plus 375 bps, 0.75% Libor floor, OID 98.75 to 99; repay a term loan due 2019; Norwalk, Conn., provider of communications services to urban, suburban and rural communities.

GGP INC.: $7 billion senior secured credit facilities (Ba3); Morgan Stanley, Wells Fargo, Deutsche Bank, RBC, Bank of America, Barclays, HSBC, Sumitomo Mitsui and TD Securities; $1.5 billion revolver; $1.5 billion term A-1; $2 billion term A-2; $2 billion seven-year covenant-light term B at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; fund acquisition of all outstanding shares of common stock by Brookfield Property Partners LP; Chicago-based owner, manager, leaser and redeveloper of high-quality retail properties.

GLOBAL HEALTHCARE EXCHANGE LLC (GHX ULTIMATE PARENT CORP.): $123 million add-on term loan due 2024 talked at Libor plus 325 bps, 25 bps step-down at 4.5x net first-lien leverage, 1% Libor floor, OID 99.5; JPMorgan; repay second-lien term loan borrowings; Louisville, Colo., provider of cloud-based health care supply chain management technology and services.

GLOBALFOUNDRIES: $2.1 billion seven-year term loan talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; refinance existing debt and general corporate purposes; full-service semiconductor foundry.

GPS HOSPITALITY: $405 million credit facilities; UBS; $65 million revolver (Ba3/B+); $340 million seven-year first-lien term loan (B3/B-) talked at Libor plus 475 bps, OID 99.5, 101 soft call for six months; refinance existing debt; Atlanta-based Burger King and Popeyes Louisiana Kitchen franchisee.

HALO BRANDED SOLUTIONS: $420 million credit facilities; Antares, SunTrust, Citizens and KKR; $50 million revolver (B1/B) due 2023; $205 million first-lien term loan (B1/B) due 2025 talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5; $90 million delayed-draw first-lien term loan (B1/B) due 2025 talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5; $75 million second-lien term loan (Caa1/CCC+) due 2026 talked at Libor plus 800 bps, 0% Libor floor, OID 99; help fund buyout by TPG Growth; Sterling, Ill., marketing services platform that distributes promotional products and provides employee recognition services.

HIRERIGHT (GENUINE FINANCIAL HOLDINGS LLC): $1.05 billion in term loans; Bank of America (left on first-lien), Credit Suisse (left on second-lien) and Citizens; $835 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $215 million eight-year covenant-light second-lien term loan (Caa2/CCC+) talked at Libor plus 725 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund merger with General Information Services; provider of background screening and talent acquisition services.

INFINITE ELECTRONICS INC.: $775 million of credit facilities; Antares, Golub and Ares; $35 million five-year revolver talked at Libor plus 400 bps, 0% Libor floor; $570 million seven-year first-lien term loan (including about $108 million incremental) talked at Libor plus 400 bps, 1% Libor floor, OID 99.5 on incremental, 101 soft call for six months; $170 million privately placed second-lien term loan; dividend recapitalization; Irvine, Calif., provider of engineering-grade RF, wired and wireless connectivity components and assemblies.

ION TRADING FINANCE LTD.: $2.1 billion equivalent senior secured incremental covenant-light first-lien term loan ($1.32 billion U.S. and €670 million euro) (B) at Libor plus 400 bps/Euribor plus 325 bps, 1% floor, OID 99.75, 101 soft call for six months; UBS; help fund acquisition of Fidessa Group plc; also increasing pricing on existing term loans to match incremental pricing; software provider of trading, treasury and workflow solutions.

KEPRO (KEYSTONE PEER REVIEW ORGANIZATION INC.): $27.5 million add-on first-lien term loan due May 2024 talked at Libor plus 525 bps, 1% Libor floor, OID 99.5; RBC; fund an acquisition; Harrisburg, Pa., quality improvement and care management organization.

KINDRED AT HOME: $2.675 billion in term loans; JPMorgan, Morgan Stanley, Citigroup, Goldman Sachs, Bank of America, Capital One, RBC and Wells Fargo; $1.35 billion seven-year covenant-light first-lien term loan (B1/B) at Libor plus 375 bps, 0% Libor floor, OID 99, 101 soft call; $850 million seven-year covenant-light first-lien delayed-draw term loan (B1/B) at Libor plus 375 bps, 0% Libor floor, OID 99; $475 million eight-year second-lien term loan (Caa1/CCC+) at Libor plus 700 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc., and subsequent acquisition/merger with Curo Health Services; home health, hospice and community care company.

KINDRED HEALTHCARE: $860 million credit facilities; JPMorgan, Morgan Stanley, Citigroup, Goldman Sachs, Bank of America, Capital One, RBC and Wells Fargo; $410 million seven-year covenant-light term B (B3/B+) at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call; $450 million asset-based revolver; help fund buyout by TPG Capital and Welsh, Carson, Anderson & Stowe; specialty hospital company.

LIFESCAN GLOBAL CORP.: $1.75 billion in term loans; Bank of America, Deutsche Bank, Goldman Sachs, Jefferies, Credit Suisse, Barclays and RBC; $1.475 billion six-year covenant-light first-lien term loan (B2/B+) at Libor plus 600 bps, 0% Libor floor, OID 97, 101 soft call; $275 million seven-year covenant-light second-lien term loan (Caa1/B) at Libor plus 950 bps, 0% Libor floor, OID 96, non-call one, 102, 101; fund buyout by Platinum Equity from Johnson & Johnson; marketer of blood glucose monitoring products with headquarters in Chesterbrook, Pa., and Zug, Switzerland.

MEDPLAST HOLDINGS INC.: $795 million senior secured credit facilities; RBC, Jefferies, KeyBanc and Citizens; $70 million five-year revolver (B); $500 million seven-year covenant-light first-lien term loan (B) at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $225 million eight-year covenant-light second-lien term loan (CCC+) at Libor plus 775 bps, 0% Libor floor, OID 99, call protection 102, 101; fund acquisition of Integer Holdings Corp.’s Advanced Surgical and Orthopedics product lines; Tempe, Ariz., services provider to the medical device industry.

MERIDIANLINK INC./CRIF LENDING SOLUTIONS: $475 million credit facilities; Antares and Golub; $35 million five-year revolver (B2/B/BB) talked at Libor plus 325 bps, 0% Libor floor; $315 million seven-year covenant-light first-lien term loan (B2/B/BB) talked at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $125 million eight-year privately placed second-lien term loan; help fund buyout by Thoma Bravo LLC; provide mission-critical software platforms that allow financial institutions to automate loan and deposit origination workflows, improve loan decisioning, and access data services providers.

METRO-GOLDWYN-MAYER INC.: $900 million in term loans; JPMorgan; $400 million seven-year first-lien term loan (Ba2/BB) talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $500 million second-lien term loan (B2/B-) talked at Libor plus 450 bps, 1% Libor floor, OID 99 to 99.5, call protection 102, 101; refinance existing bank debt and general corporate purposes; Beverly Hills, Calif., media company.

MIDCOAST (AL MIDCOAST HOLDINGS LLC): $600 million seven-year first-lien term B (BB-/BB) talked at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; Credit Suisse, Barclays and MUFG; fund buyout by ArcLight Capital Partners LLC from Enbridge Inc.; provider of natural gas and natural gas liquids services.

MITEL: $1.48 billion senior secured credit facilities; Credit Suisse, BMO and TD Securities; $100 million revolver (B2/B); $1.02 billion seven-year first-lien term loan (B2/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $360 million eight-year second-lien term loan (Caa2/CCC+) talked at Libor plus 850 bps to 875 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Searchlight Capital Partners LP; Ottawa-based provider of communications software solutions.

NEXT LEVEL APPAREL (YS GARMENTS INC.): $380 million credit facilities (B2/B); BNP Paribas; $50 million revolver; $330 million term loan talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99; help fund buyout by Blue Point Capital Partners; Gardena, Calif., apparel company.

NOMAD FOODS LTD.: $300 million incremental first-lien term loan due May 2024 at Libor plus 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Credit Suisse, Goldman Sachs, Deutsche Bank and UBS; help fund the acquisition of Aunt Bessie’s Ltd. from William Jackson & Son Ltd. and general corporate purposes; U.K.-based frozen foods company.

NOVOLEX (FLEX ACQUISITION CO. INC.): $1.4 billion seven-year incremental first-lien term loan (B1/B) at Libor plus 325 bps, leverage-based step-down, 0% Libor floor, OID 99.75, 101 soft call for six months; Credit Suisse, JPMorgan, Deutsche Bank, Jefferies, Goldman Sachs, Citigroup and Morgan Stanley; fund acquisition of The Waddington Group from Newell Brands Inc.; Hartsville, S.C., packaging company.

OASIS OUTSOURCING HOLDINGS INC.: $87 million add-on first-lien term loan due June 30, 2023 at Libor plus 325 bps, 1% Libor floor; RBC, SunTrust, Citizens and KeyBanc; fund acquisitions; West Palm Beach, Fla., provider of comprehensive and cost-effective HR outsourcing services to small- and medium-sized businesses.

OCWEN FINANCIAL CORP.: $350 million six-year senior secured term B (B3/B+) talked at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Barclays; refinance existing senior secured term loan and fund cash to the balance sheet for general corporate purposes; West Palm Beach, Fla., non-bank mortgage servicer and originator.

PHI INC.: $300 million three-year term B talked at Libor plus 700 bps, OID 99, call protection 103, 102, 101; UBS; help redeem notes, pay down and retire revolver, and general corporate purposes; Lafayette, La., provider of helicopter aviation services to the oil and gas sector, and aviation and clinical services to air medical markets.

PLANTRONICS: Expected closing July 2; $1.375 billion secured credit facilities (Ba1/BB); Wells Fargo; $100 million revolver; $1.275 billion seven-year covenant-light term B at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Polycom, refinance existing debt and general corporate purposes; Santa Cruz, Calif., audio communications company.

POWERSCHOOL GROUP LLC: $1.26 billion credit facilities; Barclays (left on first-lien), Credit Suisse (left on second-lien), Macquarie, Ares, Golub and Jefferies; $120 million five-year revolver (B2/B-); $775 million seven-year first-lien term loan (B2/B-) at Libor plus 325 bps, step-down to Libor plus 300 bps at first-lien net leverage of 4.25x, 0% Libor floor, OID 99.75, 101 soft call for six months; $365 million privately placed eight-year second-lien term loan (Caa2/CCC) at Libor plus 675 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Onex Corp. and Vista Equity Partners; Folsom, Calif., education technology platform for K-12 schools.

PREGIS LLC: Expected closing July 16 week; $190 million in term loans; Barclays and Goldman Sachs; $90 million incremental term loan due May 20, 2021 (B2/B) at Libor plus 350 bps, 1% Libor floor, OID 99.5; $100 million pre placed second-lien term loan; fund acquisition of FP International; Deerfield, Ill., protective packaging materials and systems manufacturer.

QUALTEK USA LLC: $355 million credit facilities; Fifth Third on term loan, PNC on revolver; $290 million seven-year first-lien term loan (B3/B) talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; $65 million ABL revolver; help fund buyout by Brightstar Capital Partners; King of Prussia, Pa.-based provider of turnkey solutions, including engineering, installation, fulfillment and program management, to the telecommunications and power sectors.

RADIOLOGY PARTNERS INC.: $1.265 billion senior secured credit facilities; Barclays, Golub, Deutsche Bank and Fifth Third; $150 million revolver (B2/B); $680 million first-lien term loan (B2/B) at Libor plus 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; $120 million privately placed first-lien delayed-draw term loan-2 (B2/B) at Libor plus 425 bps, 0% Libor floor, OID 99; $240 million second-lien term loan (Caa2/CCC+) at Libor plus 725 bps, 0% Libor floor, OID 99, call protection 102, 101; $75 million second-lien delayed-draw term loan (Caa2/CCC+) at Libor plus 725 bps, 0% Libor floor, OID 99; refinance existing debt and general corporate purposes; El Segundo, Calif., radiology physician practice management company.

REECE GROUP: $1.14 billion seven-year term B (Ba1/BB+) at Libor plus 200 bps, 0% Libor floor, OID 99.75, 101 soft call; JPMorgan; help fund acquisition of Morsco from Advent International; Australia-based provider of plumbing, HVAC and waterworks products.

SAVAGE ENTERPRISES LLC: $1.5 billion senior secured credit facilities; Morgan Stanley, Wells Fargo, PNC and Citigroup; $400 million ABL revolver; $1.1 billion seven-year covenant-light term B (B1/B+) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; fund purchase of Bartlett and Co.; Salt Lake City-based supply chain provider.

SCREENVISION LLC: $175 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 475 bps, 0% Libor floor, OID 99, 101 soft call; Deutsche Bank; help fund acquisition of a controlling stake by Abry Partners; New York-based provider of cinema advertising, on-screen advertising, in-lobby promotions and integrated marketing programs.

STANDARD MEDIA GROUP LLC: $350 million senior secured credit facilities; RBC, Capital One and Citizens; $15 million revolver; $245 million seven-year first-lien term loan (B+/BB) at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $90 million eight-year second-lien term loan (CCC+/CCC+) at Libor plus 825 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund acquisition of nine television stations from Sinclair Broadcast Group Inc.; broadcast television company.

STARS GROUP INC.: $4.975 billion equivalent seven-year covenant-light term B (including €1 billion tranche and £400 million tranche) (B1/B+/BB) talked at Libor plus 350 bps (U.S.)/Euribor plus 350 bps (euro)/Libor plus 425 bps (GBP), 0% floor, OID 99.5, 101 soft call for six months; Deutsche Bank, Morgan Stanley, Goldman Sachs, Macquarie, Barclays, BMO and JPMorgan; help fund acquisition of Sky Betting & Gaming from CVC Capital Partners and Sky plc; Toronto-based provider of technology-based products and services in the gaming and interactive entertainment industries.

TENNECO: $4.9 billion credit facilities (Ba2/BB/BB+); JPMorgan and Barclays; $1.5 billion five-year revolver; $1.7 billion five-year term A; $1.7 billion seven-year term B at Libor plus 275 bps, 25 bps step-up if corporate ratings are lower than Ba3/BB-, 0% Libor floor, OID 99, 101 soft call for six months; help fund acquisition of Federal-Mogul from Icahn Enterprises LP and refinance existing debt; Lake Forest, Ill., designer, manufacturer and marketer of ride performance and clean air products and systems for automotive and commercial vehicle original equipment markets and the aftermarket.

UFINET INTERNATIONAL (ZACAPA LLC): $525 million seven-year covenant-light first-lien term loan (B2/B-) talked at Libor plus 450 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, UBS, Natixis, Scotia and Santander; fund acquisition by Cinven’s Sixth Cinven Fund; Madrid-based provider of fiber infrastructure and transmission services to telecom operators across 14 countries including Colombia, Panama, Guatemala and Costa Rica.

UNITED DISTRIBUTION GROUP INC.: $285 million credit facilities; Barclays; $35 million 4.5-year ABL revolver; $250 million five-year first-lien term loan (B3/B-) talked at Libor plus 550 bps, step-up to Libor plus 600 bps if net leverage is 5x and step-down to Libor plus 500 bps if net leverage is less than 4x, 0% Libor floor, OID 98.5, soft call 102, 101; refinance existing debt; Bristol, Tenn., distributor of industrial supplies and services.

VALTRIS SPECIALTY CHEMICALS (POLYMER ADDITIVES INC.): $405 million in term loans; Deutsche Bank and RBC; $300 million seven-year covenant-light first-lien term loan (B3/B) talked at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $105 million eight-year covenant-light second-lien term loan (Caa2/CCC+) talked at Libor plus 800 bps, 0% Libor floor, OID 99, call protection 102, 101; fund the potential purchase of certain assets from Ineos and refinance existing debt; Independence, Ohio, manufacturer of specialty chemicals.

VALUE-BASED CARE SOLUTIONS: $850 million credit facilities; Goldman Sachs, Barclays and Deutsche Bank; $75 million revolver (B2/B); $600 million first-lien term loan (B2/B) talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $175 million privately placed second-lien term loan (Caa2/CCC+); help fund buyout of General Electric’s Value-Based Care Division by Veritas Capital; software provider that leverages technology and analytics to help healthcare providers effectively manage their financial, clinical and human capital workflows.

VERTAFORE INC.: Expected closing July 2; $2.365 billion credit facilities; Nomura, Guggenheim and Macquarie; $100 million five-year revolver (B2/B-); $1.6 billion seven-year first-lien term B (B2/B-) at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $665 million eight-year second-lien term loan (Caa2/CCC) at Libor plus 725 bps, 0% Libor floor, OID 99, call protection 102, 101; refinance existing debt and fund a distribution to shareholders; Bothell, Wash., provider of software and information to the insurance distribution channel.

VESTCOM INTERNATIONAL: $642 million in bank debt; Antares; $20 million incremental revolver (B2); roughly $430 million first-lien term B (including $90 million incremental) (B2) talked at Libor plus 375 bps, step-down to Libor plus 350 bps when total net leverage is less than 5.5x, 1% Libor floor, OID 99.5 on incremental, 101 soft call for six months; $192 million second-lien term loan (including $34 million privately placed incremental) at Libor plus 800 bps; refinance/reprice existing debt and fund a dividend; Little Rock, Ark., provider of outsourced shelf-edge information and media solutions.

WORLD TRIATHLON CORP.: $271 million credit facilities; UBS; $21 million revolver; $250 million term loan talked at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; owner and operator of Ironman triathlon events.

WORLDWIDE EXPRESS (SMB SHIPPING LOGISTICS): $700 million in term loans; Deutsche Bank, JPMorgan, Citizens and Stifel; $500 million seven-year covenant-light first-lien term loan (B1/B-) talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $200 million privately placed second-lien term loan (Caa2/CCC); acquire franchise owner, refinance existing debt and pay dividend to existing equityholders; Dallas-based provider of small parcel, less-than-truckload and truckload services.

YAK MAT LLC: $850 million in term loans; JPMorgan (left on first-lien), Bank of America (left on second-lien), Deutsche Bank, Goldman Sachs, Citigroup and Nomura; $650 million first-lien term B (B2/B) due 2025 talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; $200 million second-lien term loan (Caa1/CCC+) due 2026 talked at Libor plus 775 bps to 800 bps, 0% Libor floor, OID 98.5, call protection 102, 101; fund acquisition of a 50.1% stake by Platinum Equity; East Columbia, Miss., specialty equipment leasing and logistics company focused on temporary access solutions to remote construction sites and energy infrastructure.

On The Horizon

ALTRA INDUSTRIAL MOTION CORP.: $1.64 billion senior secured credit facilities; Goldman Sachs; $300 million revolver; $1.34 billion in term loans; help fund combination with four operating companies from Fortive’s Automation and Specialty platform; Braintree, Mass., designer, producer and marketer of a wide range of electromechanical power transmission and motion-control products.

CISCO SERVICE PROVIDER VIDEO SOFTWARE SOLUTIONS: New debt financing; Bank of America; help fund buyout by Permira; developer and deliverer of video solutions for the Pay-TV industry.

CLEARESULT: New debt financing; Goldman Sachs, UBS, Credit Suisse and KeyBanc; help fund buyout by TPG Growth and The Rise Fund from General Atlantic; Austin, Texas, provider of energy efficiency solutions for utility companies.

COHU INC.: $350 million seven-year senior secured term B; Deutsche Bank; help fund acquisition of Xcerra Corp.; Poway, Calif., supplier of semiconductor test and inspection handlers, micro-electro mechanical system test modules, test contactors and thermal sub-systems.

CORD BLOOD REGISTRY/CALIFORNIA CRYOBANK: New debt financing; help fund buyout by GI Partners and combination of the two companies; stem cell storage and reproductive tissue services company.

DANA INC.: $250 million incremental term A; Credit Suisse, Barclays, and Citigroup; help fund acquisition of the Driveline division of GKN plc to create Dana plc; supplier of drivetrain, sealing and thermal-management technologies.

DEL FRISCO’S RESTAURANT GROUP INC.: $440 million senior secured credit facilities; JPMorgan and Citizens; $50 million revolver; $390 million term loan; fund acquisition of Barteca Restaurant Group; Irving, Texas, restaurant company.

EAGLEVIEW TECHNOLOGIES: New debt financing; Morgan Stanley, Barclays, Credit Suisse, Goldman Sachs and Macquarie; in connection with significant new equity investment by Clearlake Capital Group LP; Bothell, Wash., provider of aerial imagery and property data analytics.

ENVISION HEALTHCARE CORP.: New debt financing; Credit Suisse, Citigroup, Morgan Stanley, Barclays, Goldman Sachs, Jefferies, UBS, RBC, HSBC, Mizuho and KKR; help fund buyout by KKR; Nashville, Tenn., provider of physician-led services and post-acute care, and ambulatory surgery services.

GRAY TELEVISION INC.: $2.525 billion incremental term loan; Wells Fargo; help fund acquisition of Raycom Media Inc. and refinance certain debt at Raycom; Atlanta-based television broadcast company.

INTERFACE INC.: $465 million senior secured incremental term loan due Aug. 8, 2022; Bank of America and JPMorgan; help fund acquisition of nora systems from Intermediate Capital Group; Atlanta-based commercial flooring company.

LUMENTUM HOLDINGS INC.: $550 million seven-year senior secured covenant-light term B expected at Libor plus 250 bps, 25 bps step-down at 0.5 times inside closing first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank; help fund acquisition of Oclaro Inc.; Milpitas, Calif., provider of photonics products for optical networking and lasers for industrial and consumer markets.

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.

PENN NATIONAL GAMING INC.: $1.14 billion in incremental senior secured term loans; Bank of America, Goldman Sachs, Fifth Third, U.S. Bank, Wells Fargo, Citizens, SunTrust and TD Securities; $387.2 million incremental term A; $752.8 million incremental term B; help fund acquisition of Pinnacle Entertainment Inc.; Wyomissing, Pa., owner and manager of gaming and racing facilities and video gaming terminal operations.

POLARIS INDUSTRIES INC.: Bank debt; help fund acquisition of Boat Holdings LLC; Medina, Minn., powersports company.

SI GROUP: New debt financing; JPMorgan, HSBC, Deutsche Bank and Bank of America; help fund buyout by SK Capital Partners from descendants of W. Howard Wright and combination with Addivant; Schenectady, N.Y., developer and manufacturer of performance additives and intermediates.

THOMSON REUTERS’ FINANCIAL & RISK: New debt financing; JPMorgan, Bank of America and Citigroup; help fund acquisition of a 55% stake by Blackstone, Canada Pension Plan Investment Board and GIC; data and financial technology platform.

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-light 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.

VERIFONE SYSTEMS INC.: $2.2 billion senior secured credit facilities; Credit Suisse, Barclays and RBC; $250 million revolver; $1.95 billion term loan; help fund buyout by investor group led Francisco Partners; San Jose, Calif., company that makes secure electronic payment equipment.

VERSCEND TECHNOLOGIES INC.: New debt financing; JPMorgan; help fund acquisition of Cotiviti Holdings Inc.; provider of payment accuracy and analytics-driven solutions.

VETCOR GROUP HOLDINGS CORP.: New first-and second-lien debt; Jefferies and Golub; help fund recapitalization led by Oak Hill Capital Partners; Hingham, Mass., owner and operator of veterinary hospitals.

VETS FIRST CORP.: New debt financing; fund a special dividend in connection with spinoff of animal health business from Henry Schein Inc. and merger with Vets First Choice; animal health service and technology platform dedicated to supporting the veterinary market.

WEB.COM GROUP INC.: New debt financing; Morgan Stanley, RBC and Macquarie; help fund buyout by Siris Capital Group LLC and refinance existing debt; Jacksonville, Fla., provider of Internet services and online marketing solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.