Bank Loan Calendar: $23.4805 billion deals being marketed

March Bank Meetings

CARROLS RESTAURANT GROUP INC.: $500 million credit facilities; Wells Fargo, Rabobank, M&T Bank and SunTrust; $100 million five-year revolver; $400 million seven-year covenant-lite term B; refinance debt assumed in connection with the acquisition of restaurants from Cambridge Franchise Holdings LLC and refinance Carrol’s existing debt; Syracuse, N.Y., restaurant franchisee and operator.

DATTO INC.: Bank meeting March 14; $550 million seven-year covenant-lite first-lien term loan, 0% Libor floor, 101 soft call for six months; Credit Suisse; refinance existing debt; Norwalk, Conn., provider of data protection and IT solutions to small and medium-sized businesses.

NSO GROUP: Bank meeting March 14; $500 million equivalent U.S. and euro seven-year term loan (minimum $300 million U.S.) (B2/B) talked at Libor/Euribor plus 600 bps, 0% floor, OID 98, 101 soft call for six months; Jefferies and Credit Suisse; help fund buyout by management and Novalpina Capital from Francisco Partners; Luxembourg-based cyber-technology company.

QUICK BASE: Bank meeting March 14; $455 million credit facilities; Golub and Neuberger Berman on first-lien, and Carlyle Global Credit on second-lien; $40 million revolver (B1); $275 million covenant-lite first-lien term loan (B1); $140 million privately placed covenant-lite second-lien term loan; help fund buyout by Vista Equity Partners; Cambridge, Mass.-based provider of platform-as-a-service application development tools.

Upcoming Closings

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

AMC ENTERTAINMENT HOLDINGS INC.: $2 billion seven-year covenant-lite term B (Ba2/BB-) talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99, 101 soft call for six months; Citigroup; refinance loan and bonds; Leawood, Kan., movie exhibitor.

APTEAN: $650 million credit facilities; Golub and Macquarie; $50 million revolver; $350 million covenant-lite first-lien term loan (B2/B-) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; $100 million privately placed covenant-lite delayed-draw first-lien term loan; $150 million privately placed covenant-lite second-lien term loan; back a joint investment from TA Associates and Vista Equity Partners; Alpharetta, Ga., provider of mission-critical, industry-specific enterprise software solutions.

ASCENSUS INC.: $94 million incremental first-lien term loan (B2/B-) due December 2022 talked at Libor plus 400 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; Credit Suisse, JPMorgan and Barclays; fund a tuck-in acquisition and a shareholder distribution; Dresher, Pa., service provider of retirement and college savings plans.

BELFOR: $935 million credit facilities; JPMorgan; $200 million revolver (Ba3/B); $585 million seven-year first-lien term loan (Ba3/B) at Libor plus 400 bps, 25 bps step-down at 4.5x net total leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $150 million second-lien term loan; help fund buyout by American Securities; Birmingham, Mich., disaster recovery and property restoration company.

CARBONITE INC.: $725 million senior secured credit facilities (B1/B); Barclays, Citizens, RBC and HSBC; up to $175 million five-year revolver; $550 million seven-year term B talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; help fund acquisition of Webroot Inc.; Boston-based cloud-based data protection provider.

CHROMAFLO TECHNOLOGIES: $60 million covenant-lite incremental term B (B2/B) due Nov. 18, 2023 talked at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley, Goldman Sachs and KeyBanc; partially refinance existing second-lien term loan; Ashtabula, Ohio, manufacturer of chemical and pigment dispersions for architectural and industrial coatings.

CITGO PETROLEUM: $1.2 billion incremental term loan due March 2024 talked at Libor plus 450 bps to 550 bps, 0% Libor floor, OID 99, 101 soft call for six months; Houlihan Lokey; add cash to the balance sheet and general corporate purposes; Houston-based refiner and marketer of transportation fuels, lubricants, petrochemicals and other industrial products.

CONSOL ENERGY INC.: Expected closing March 25 week; $300 million 5.5-year covenant-lite term B talked at Libor plus 400 bps to 425 bps, 0% Libor floor, 101 soft call; Citigroup, PNC, Huntington Bank, Credit Suisse and Merrill Lynch; amend and extend; Canonsburg, Pa., producer and exporter of high-Btu bituminous thermal and crossover metallurgical coal.

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

MAIN EVENT ENTERTAINMENT: $200 million senior secured term loan (including $75 million delayed-draw tranche) (B3/B-) at Libor plus 650 bps, 0% Libor floor, OID 98; UBS; refinance existing debt; Dallas-based operator of family entertainment centers with locations across the U.S.

MILLENNIUM TRUST CO. (MINOTAUR ACQUISITION CO.): $945 million credit facilities; Credit Suisse, Antares, BNP Paribas, SunTrust and Deutsche Bank; $90 million revolver (B2/B); $610 million seven-year covenant-lite first-lien term loan (B2/B) at Libor plus 500 bps, 25 bps step-down at 3.75x first-lien net leverage, 0% Libor floor, OID 98, 101 soft call for six months; $245 million privately placed second-lien term loan (Caa2/CCC); help fund buyout by Abry Partners from Parthenon Capital Partners; Oak Brook, Ill., provider of technology-enabled retirement services and institutional custody solutions.

NEW FORTRESS ENERGY: $500 million seven-year senior secured term B (B2/B) at Libor plus 825 bps, 0% Libor floor, OID 96, non-call one, 103, 102, 101; Morgan Stanley and Barclays; complete the construction of infrastructure, support contracted cash flows, repay existing debt and general corporate purposes; New York-based energy infrastructure company.

NEWPORT GROUP: $63.5 million add-on first-lien term loan talked at Libor plus 375 bps, 0% Libor floor, OID 99; RBC; fund an acquisition; Walnut Creek, Calif., provider of retirement services and consulting services related to retirement plans.

NINE WEST: $325 million five-year first-lien term loan (Caa1/B-) talked at Libor plus 800 bps, 1% Libor floor, OID 96 to 97, non-call one, 102, 101; Goldman Sachs; fund emergence from bankruptcy; New York-based designer, wholesaler and brand licensor of denim, women’s apparel and jewelry.

OCWEN FINANCIAL CORP.: $120 million incremental senior secured term loan due December 2020 at Libor plus 500 bps, 1% Libor floor, OID 99.25; Barclays and JPMorgan; general corporate purposes, including repayment of the PHH Notes and a small portfolio or platform acquisition; West Palm Beach, Fla., non-bank mortgage servicer and originator.

PARTS TOWN (PT HOLDINGS LLC): Expected closing March 14; $30 million incremental first-lien term loan due Dec. 7, 2024 at Libor plus 400 bps, 1% Libor floor, OID 98.85; Jefferies; fund an acquisition; Addison, Ill., OEM parts distributor and service provider to the foodservice equipment market.

PETVET CARE CENTERS LLC: $125 million incremental first-lien term loan due Feb. 14, 2025 talked at Libor plus 325 bps, 0% Libor floor, OID 96.5 to 97, 101 soft call until May 9; Jefferies and KKR; repay revolver draw and fund cash to the balance sheet to fund acquisitions; Westport, Conn., acquirer and operator of general practice and specialty veterinary hospitals for companion animals.

POWER SOLUTIONS: $5.45 billion equivalent of term loans (Ba3/B+/BB); JPMorgan (left on U.S.), Barclays (left on euro), Credit Suisse, Bank of America, BMO, CIBC, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, RBC, Scotia and TD; $3.2 billion seven-year term B talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99, 101 soft call; $2.25 billion equivalent euro seven-year term B at Euribor plus 400 bps, 0% floor, OID 99.5, 101 soft call; help fund acquisition by Brookfield Business Partners L.P. and Caisse de dépôt et placement du Québec; supplier of low voltage automotive batteries.

PSS INDUSTRIAL GROUP CORP.: $350 million senior secured credit facilities (B3/B); KeyBanc and ING; $50 million revolver; $300 million term B talked at Libor plus 550 bps to 575 bps, OID 98; refinance existing debt and general corporate purposes; Houston-based distributor of consumable products and services to the energy and industrial sectors.

SORENSON COMMUNICATIONS LLC: $675 million five-year covenant-lite first-lien term loan (B2/BB-) talked at Libor plus 650 bps, 0% Libor floor, OID 95, 101 soft call; Credit Suisse and KKR; refinance existing debt; Salt Lake City-based provider of end-to-end communication technology services for the deaf and hard of hearing.

TANK HOLDING CORP.: $710 million senior secured credit facilities; Morgan Stanley, Antares and Carlyle; $60 million five-year revolver (B2/B); $480 million seven-year covenant-lite first-lien term loan (B2/B) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; $170 million privately placed second-lien term loan; help fund buyout by Olympus Partners; St. Bonifacius, Minn., and Lincoln, Neb.-based manufacturer of rotationally molded poly and welded steel bulk storage and material handling products.

TRAVELPORT WORLDWIDE LTD.: $3.45 billion credit facilities; Bank of America, Deutsche Bank, Macquarie, Credit Suisse and Barclays; $150 million revolver (B2/B+/BB-); $2.8 billion seven-year covenant-lite first-lien term loan (B2/B+/BB-) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 98, 101 soft call for six months; $500 million eight-year covenant-lite second-lien term loan (Caa2/CCC+/B-) talked at Libor plus 850 bps to 900 bps, 0% Libor floor, OID 97, call protection 102, 101; help fund buyout by Siris Capital Group LLC and Evergreen Coast Capital Corp.; Langley, U.K., travel technology company.

TRUGREEN LP: $965 million seven-year first-lien term B (B1/B) talked at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; refinance existing term loan and purchase equity stake held by the Scotts Miracle-Gro Co.; Memphis, Tenn., provider of lawn care, tree & shrub and mosquito services.

XPO LOGISTICS INC.: $500 million covenant-lite incremental term B-1 (BBB-) due February 2025 at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Morgan Stanley; general corporate purposes, including to fund common stock repurchases; Greenwich, Conn., provider of supply chain solutions.

On The Horizon

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

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

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

BERRY GLOBAL GROUP INC.: New debt financing; Goldman Sachs and Wells Fargo; 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.

ELLIE MAE: New debt financing; Jefferies; help fund buyout by Thoma Bravo LLC; Pleasanton, Calif., cloud-based platform provider for the mortgage finance industry.

E.W. SCRIPPS CO.: $525 million seven-year incremental senior secured term B; Wells Fargo; fund acquisition of 15 television stations from Cordillera Communications; 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.

MPM HOLDINGS INC. (MOMENTIVE): New debt financing; help fund acquisition by SJL Partners LLC, KCC Corp. and Wonik QnC Corp.; Waterford, N.Y., silicones and advanced materials company.

MULTI-COLOR CORP.: New debt financing; Bank of America and Deutsche Bank; 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.

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.

RANPAK CORP. (ONE MADISON CORP.): $495 million senior secured credit facilities; Goldman Sachs; $45 million five-year revolver expected at Libor plus 375 bps if first-lien net leverage is less than 5x and Libor plus 400 bps if more than 5x; $450 million seven-year covenant-lite first-lien term loan expected at Libor plus 375 bps if first-lien net leverage is less than 5x and Libor plus 400 bps if more than 5x, 101 soft call for six months; help fund acquisition by One Madison Corp. from Rhône Capital; Concord Township, Ohio, provider of fiber-based, environmentally sustainable protective packaging solutions.

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

ULTIMATE SOFTWARE GROUP INC.: $3.4 billion senior secured credit facilities; Credit Suisse, Nomura, Bank of America and Ares on first-lien; Ares and GSO on second-lien; $200 million revolver; $2.3 billion of first-lien term loans; $900 million second-lien term loan; help fund buyout by an investor group led by Hellman & Friedman; Weston, Fla., provider of human capital management solutions in the cloud.

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

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

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

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