Bank Loan Calendar: $38.8905 billion deals being marketed

November Bank Meetings

CAMBREX CORP.: Bank meeting Nov. 4; $1.26 billion senior secured credit facilities; RBC, Barclays, Societe Generale, UBS and Mizuho; $135 million revolver; $875 million first-lien term loan; $250 million second-lien term loan; help fund buyout by Permira; East Rutherford, N.J., small molecule company providing drug substance, drug product and analytical services.

HOUGHTON MIFFLIN HARCOURT: Lender call Nov. 1; new loan; Citigroup; Boston-based provider of K–12 core curriculum, supplemental and intervention solutions and professional learning services.

Upcoming Closings

84 LUMBER CO.: $310 million seven-year covenant-lite term B (B3/B+) talked at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; Wells Fargo and PNC; refinance existing credit facilities; Eighty Four, Pa.-based supplier of building materials, manufactured components and services for single and multi-family residences and commercial buildings.

AIMBRIDGE HOSPITALITY: $425 million add-on covenant-lite term B due February 2026 at Libor plus 375 bps, 25 bps step-down at 5.6x total leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; help fund merger with Interstate Hotels & Resorts; Dallas-based hotel management firm.

AIR CANADA: $592 million term B talked at Libor plus 175 bps, 0% Libor floor, OID 99.875 to par, 101 soft call for six months; JPMorgan, BofA Securities, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Morgan Stanley and TD Securities; repricing; Montreal-based airline company.

ALLSUP’S: $525 million first-lien term B (B2/B) talked at Libor plus 550 bps to 575 bps, 1% Libor floor, OID 98, 101 soft call; Goldman Sachs and RBC; help fund acquisition by Yesway, a portfolio company of Brookwood; Clovis, New Mexico, operator of gas stations and convenience stores.

BLACKBOARD INC.: $500 million term B-5 due June 2024 (B1/B) at Libor plus 600 bps, 1% Libor floor, OID 95, 101 soft call for six months; BofA Securities, Deutsche Bank, Morgan Stanley and Citizens; refinance existing debt; Washington, D.C., education technology company.

BUCKEYE PARTNERS LP: $2.85 billion senior secured credit facilities (B1//BB+); Credit Suisse, Goldman Sachs, BofA Securities, CIBC, MUFG, National Australia Bank, SunTrust and TD Securities; $600 million revolver; $2.25 billion seven-year covenant-lite first-lien term loan at Libor plus 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by IFM Investors; Houston-based owner and operator of integrated midstream assets.

COLE-PARMER INSTRUMENT CO.: Expected closing Nov. 4 week; $1.09 billion equivalent credit facilities; Jefferies, Golub, HL Finance and Blackstone; $75 million revolver (B2/B); $770 million seven-year first-lien term loan (B2/B) at Libor plus 425 bps, 25 bps step-down upon a first-lien leverage ratio of 0.5x inside of closing date leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $245 million equivalent privately placed eight-year second-lien term loan; help fund buyout by GTCR; Vernon Hills, Ill., provider of fluid handling, test & measurement, environmental and biosciences instrumentation and associated consumables.

COMPASSUS LLC: $400 million term B (B3/B) talked at Libor plus 500 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; BofA Securities, Jefferies, Barclays, Capital One and Houlihan Lokey; help fund buyout by TowerBrook Capital Partners and Ascension; Nashville, Tenn., post-acute care company.

EDGEWOOD PARTNERS HOLDINGS LLC (EPIC): $140 million incremental first-lien term loan talked at Libor plus 425 bps, 1% Libor floor, OID 99.03; Antares and Golub; also $35 million incremental second-lien term loan; help fund an acquisition; San Francisco-based insurance, risk management and employee benefits brokerage and consulting firm.

FLEETCOR TECHNOLOGIES INC.: $343 million covenant-lite term B due August 2024 talked at Libor plus 175 bps, 0% Libor floor, OID 99.875 to par, 101 soft call for six months; BofA Securities; repricing; Peachtree Corners, Ga., provider of specialized payment products and services, including fleet cards, food cards and corporate lodging discount cards for businesses.

GARDA WORLD SECURITY CORP.: $1.773 billion senior secured credit facilities (B1/B); JPMorgan, BofA Securities, Barclays, TD Securities, Jefferies, RBC, Scotia and UBS; $335 million five-year revolver; $1.438 billion seven-year covenant-lite term B at Libor plus 475 bps, 0% Libor floor, OID 98, 101 soft call; help fund buyout by BC Partners from Rhone Capital and refinance existing debt; Montreal-based provider of cash logistics and security solutions.

GENESEE & WYOMING INC.: $3.15 billion senior secured credit facilities (Ba2/BB+); Credit Suisse, Wells Fargo, RBC, Citigroup, BMO, Scotia, TD Securities, Barclays and MUFG; $600 million revolver; $2.55 billion seven-year covenant-lite first-lien term loan talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Brookfield Infrastructure and GIC; Darien, Conn., owner of short line railroads.

GRANITE ENERGY LLC: $1.5 billion senior secured credit facilities (Ba3/BB-); Morgan Stanley, Goldman Sachs, BMO, Credit Suisse, MUFG and RBC; $100 million revolver; $1.4 billion seven-year first-lien term B at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a one-time distribution to shareholders; power producer.

GRIFOLS: $4.6 billion equivalent of term loans; BofA Securities, BNP Paribas, HSBC, JPMorgan and BBVA; $3 billion eight-year covenant-lite term B talked at Libor plus 200 bps, 0% Libor floor, OID 99.25 to 99.5, 101 soft call for six months; $1.6 billion equivalent euro eight-year covenant-lite term B talked at Euribor plus 225 bps to 250 bps, 0% floor, OID 99.5, 101 soft call for six months; help refinance existing senior secured debt; Sant Cugat del Valles, Barcelona, health care company.

HARD ROCK NORTHERN INDIANA (SPECTACLE GARY HOLDINGS LLC): $370 million six-year first-lien term loan (including $25 million delayed-draw) (B3/B-) at Libor plus 900 bps, 2% Libor floor, OID 97, non-call 18 months, 109, 106, 103; Credit Suisse and Wells Fargo; fund construction of the Hard Rock Northern Indiana; land-based casino in Gary, Ind.

HELPSYSTEMS: $1.065 billion credit facilities; Jefferies, Golub and Ares; $60 million five-year revolver (B-); $725 million seven-year first-lien term loan (B-) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $50 million seven-year delayed-draw first-lien term loan (B-) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99; $230 million privately placed eight-year second-lien term loan; help fund a majority investment by TA Associates and Charlesbank Capital Partners; Eden Prairie, Minn., provider of IT operations management and monitoring, cybersecurity, and business intelligence software.

HIGHTOWER HOLDINGS LLC: $180 million of incremental term loans; Antares; $135 million incremental first-lien term loan talked at Libor plus 500 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $45 million incremental delayed-draw first-lien term loan talked at Libor plus 500 bps, 1% Libor floor, OID 99.5; fund planned acquisitions; Chicago-based provider of a wealth management platform to financial advisors and their clients.

HIGHWAY VENTURES BORROWER LLC: Expected closing Nov. 4 week; $300 million seven-year senior secured covenant-lite term B (Ba3/BB-) talked at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Citigroup; finance a distribution to Service Properties Trust; owner of a portfolio of 35 travel center properties.

HUB INTERNATIONAL LTD.: Expected closing mid-November; $1.27 billion incremental senior secured covenant-lite term B (B2/B) due April 2025 at Libor plus 400 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; Morgan Stanley, BofA Securities, Barclays, Goldman Sachs, Credit Suisse, Macquarie, BMO and Nomura; repay revolver borrowings, fund acquisition and fund a dividend to shareholders; Chicago-based insurance brokerage.

INMARSAT: Expected closing mid-November; $2.45 billion credit facilities (B1/B+); Barclays, BofA Securities, UBS, BNP Paribas, HSBC, ING, Natixis, NatWest, SMBC, MUFG, DNB, Scotia and Mizuho; $700 million revolver; $1.75 billion seven-year term B at Libor plus 450 bps, 1% Libor floor, OID 98, 101 soft call; help fund buyout by Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board; London-based satellite telecommunications company.

INNOVACARE (MMM HOLDINGS LLC): $630 million credit facilities (B1/B+); Credit Suisse and Goldman Sachs; $80 million revolver; $550 million seven-year covenant-lite first-lien term loan at Libor plus 575 bps, 1% Libor floor, OID 96, 101 soft call; help fund buyout by Summit Partners; Fort Lee, N.J., healthcare delivery system.

JANE STREET GROUP LLC: $2 billion seven-year first-lien term B (Ba3/BB-) talked at Libor plus 300 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; Morgan Stanley, BofA Securities and JPMorgan; refinance existing term B and raise additional proceeds for trading capital and general corporate purposes; quantitative trading firm with a focus on technology and collaborative problem solving.

LPL HOLDINGS INC.: $1.82 billion credit facilities (Ba1); JPMorgan; $750 million revolver; $1.07 billion seven-year term B talked at Libor plus 200 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; refinance existing bank debt; Boston-based financial advisor and independent broker-dealer.

MI WINDOWS AND DOORS: $675 million term B (B2/BB-) talked at Libor plus 525 bps to 550 bps, 0% Libor floor, OID 98, 101 soft call for six months; M&T and RBC; help fund acquisition of Milgard Windows and Doors from Masco Corp.; Gratz, Pa., supplier of vinyl and aluminum windows and doors.

NATIONAL SEATING & MOBILITY INC.: $532.5 million credit facilities; Credit Suisse, Golub, Antares, Jefferies and Credit Agricole; $75 million revolver (B2/B); $420 million seven-year covenant-lite first-lien term loan (B2/B) talked at Libor plus 500 bps to 525 bps, 0% Libor floor, OID 99, 101 soft call for six months; $37.5 million privately placed delayed-draw term loan; help fund buyout by Cinven; Nashville, Tenn., provider of complex rehabilitation mobility and accessibility solutions.

NN INC.: $995 million credit facilities; SunTrust and JPMorgan; $120 million ABL revolver; $875 million seven-year first-lien term loan B (B3/B) talked at Libor plus 500 bps to 525 bps, 0% Libor floor, OID 99; refinance existing debt; Charlotte, N.C., manufacturer and supplier of high precision metal bearing components, industrial plastic and rubber products and precision metal components.

PARTS TOWN: $788 million unitranche first-lien term loan at Libor plus 550 bps, 1% Libor floor, OID 99.5; Golub; help support acquisition of Heritage Foodservice Group and refinance existing debt; Addison, Ill., OEM parts distributor and service provider to the foodservice equipment market.

PROMONTORY INTERFINANCIAL NETWORK LLC: Expected closing Nov. 4 week; $960 million credit facilities; Morgan Stanley, Nomura, RBC, UBS and Blackstone; $100 million revolver (B1/B); $630 million seven-year covenant-lite first-lien term loan (B1/B) at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $230 million privately placed second-lien term loan; help fund buyout by the Blackstone Group and add cash to the balance sheet; Arlington, Va., provider of balance sheet management solutions to banks.

SERVICEMASTER: $600 million term loan (Ba1/BB+) talked at Libor plus 175 bps to 200 bps, 0% Libor floor, OID 99.5; JPMorgan; refinance existing debt and general corporate purposes; Memphis-based provider of pest control, restoration and cleaning services to residential and commercial customers.

SIMPLY GOOD FOODS CO. (ATKINS NUTRITIONAL HOLDINGS INC.): $460 million incremental first-lien term B (B1/B+) due July 7, 2024 at Libor plus 375 bps, 1% Libor floor, OID 99.5, 101 soft call; Barclays, Goldman Sachs, Credit Suisse, SunTrust, Deutsche Bank and BMO; help fund acquisition of Quest Nutrition LLC; Denver-based developer, marketer and seller of nutritional foods and snacking products.

SYNCSORT: $837 million of bank debt; Jefferies, Credit Suisse, Golub, Antares, Barclays, Deutsche Bank, SunTrust and UBS; $125 million revolver due Aug. 16, 2022; $612 million incremental first-lien term loan (B2) due Aug. 16, 2024 at Libor plus 600 bps, 1% Libor floor, OID 92; $100 million privately placed incremental second-lien term loan (Caa2) due Aug. 15, 2025; help fund acquisition of Pitney Bowes’ software solutions business; Pearl River, N.Y., enterprise software provider.

TACALA COS.: $95 million of add-on term loans; KKR and Wells Fargo; $75 million add-on first-lien term loan talked at Libor plus 400 bps, 0% Libor floor, OID 99; $20 million add-on second-lien term loan talked at Libor plus 775 bps, 0% Libor floor, OID 99; dividend recapitalization; Vestavia Hills, Ala., franchise operator of Taco Bell restaurants.

TRANSUNION LLC: $1.75 billion seven-year covenant-lite term B-5 (BB+) talked at Libor plus 175 bps, OID 99.75, 101 soft call for six months; Deutsche Bank; prepay a some existing term B-3 and B-4 debt; Chicago-based provider of risk and information solutions to businesses and consumers.

TRC COS. INC.: $215 million incremental first-lien term loan talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5; UBS, Barclays, Citizens and Macquarie; fund an acquisition; Lowell, Mass., engineering, environmental consulting and construction management firm.

UPSTREAM REHABILITATION: $745 million credit facilities; Credit Suisse, Ally Bank, Athyrium Capital and Northwestern Mutual; $50 million revolver (B1/B); $555 million seven-year covenant-lite first-lien term loan (B1/B) at Libor plus 450 bps, step-down to Libor plus 425 bps after 0.75x of total net leverage deleveraging, 0% Libor floor, OID 99.5, 101 soft call for six months; $140 million eight-year covenant-lite second-lien term loan (Caa1/CCC+) at Libor plus 850 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by funds managed by Revelstoke Capital Partners; Birmingham, Ala., provider of outpatient rehabilitation services.

VISION INTEGRATED GRAPHICS GROUP: $95 million of incremental bank debt; BNP Paribas; $5 million incremental revolver; $90 million incremental first-lien term loan talked at Libor plus 625 bps, 1% Libor floor, OID 99; help fund an acquisition; Bolingbrook, Ill., provider of tech-enabled marketing solutions.

WESCO AIRCRAFT HOLDINGS INC.: $600 million seven-year covenant-lite term B (B3/B) talked at Libor plus 525 bps, OID 98, 101 soft call for six months; Deutsche Bank, BofA Securities, Jefferies, Barclays, BNP Paribas, Goldman Sachs and HSBC; help fund buyout by Platinum Equity and combination with Pattonair; Valencia, Calif., distributor and provider of supply chain management services to the aerospace industry.

On The Horizon

ANIXTER INTERNATIONAL INC.: New debt financing; BofA Securities, JPMorgan, Deutsche Bank and Credit Suisse; help fund buyout by Clayton, Dubilier & Rice; Glenview, Ill., distributor of network & security solutions, electrical & electronic solutions and utility power solutions.

ATLAS TECHNICAL CONSULTANTS INC. (BOXWOOD MERGER CORP.): Up to $400 million senior secured credit facilities; Macquarie and Natixis; $40 million five-year revolver expected at Libor plus 425 bps, 1% Libor floor; $290 million seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 1% Libor floor, 101 soft call for six months; $70 million eight-year covenant-lite second-lien term loan expected at Libor plus 825 bps, 1% Libor floor, call protection 102, 101; help fund acquisition of Atlas Intermediate Holdings LLC; Austin, Tex., provider of professional testing, inspection, engineering and consulting services.

CENTURY CASINOS INC.: $180 million senior secured credit facilities; Macquarie; $10 million five-year revolver; $170 million seven-year term loan; fund acquisition of the operations of Isle Casino Cape Girardeau, Lady Luck Caruthersville and Mountaineer Casino, Racetrack and Resort from Eldorado Resorts Inc.; Colorado Springs, Colo., casino entertainment company.

ELANCO ANIMAL HEALTH INC.: $3.75 billion credit facilities; Goldman Sachs; $750 million revolver; $3 billion of term loans; help fund acquisition of Bayer AG’s animal health business; Greenfield, Ind., animal health company.

ELDORADO RESORTS INC./CAESARS ENTERTAINMENT CORP.: $6.4 billion credit facilities; JPMorgan (left on Eldorado), Credit Suisse (left on Caesars), Macquarie, BofA Securities, Deutsche Bank, Goldman Sachs, SunTrust, U.S. Bank, KeyBanc, Fifth Third and Citizens; $1 billion revolver at Eldorado expected at Libor plus 325 bps, 0% Libor floor; $3 billion seven-year covenant-lite term B at Eldorado expected at Libor plus 350 bps, 0% Libor floor, 101 soft call for six months; $2.4 billion seven-year covenant-lite term B at Caesars Resorts Collection expected at Libor plus 325 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of Caesars; Reno, Nev., gaming company.

FRANCHISE GROUP INC.: New debt financing; help fund acquisition of Vitamin Shoppe Inc.; Virginia Beach, Va., indirect parent company of Liberty Tax Service and Buddy’s Home Furnishings.

INNOPHOS HOLDINGS INC.: New debt financing; help fund buyout by One Rock Capital Partners LLC; Cranbury, N.J., producer of essential ingredients.

MANAGEMENT SERVICES: $1.55 billion credit facilities; JPMorgan and RBC; $200 million revolver; $1.35 billion of term loans; help fund buyout by Lindsay Goldberg and American Securities LLC from Aecom; Germantown, Md., provider of classified and unclassified services to the U.S. federal government and allied governments.

NGL ENERGY PARTNERS LP: New debt financing; Barclays and Jefferies; help fund acquisition of Hillstone Environmental Partners LLC from Golden Gate Capital; Tulsa, Okla., vertically integrated energy company.

NORTHWEST FIBER LLC: New debt financing; help fund acquisition of Frontier Communications Corp.’s operations and associated assets in Washington, Oregon, Idaho and Montana by WaveDivision Capital LLC and Searchlight Capital Partners LLC.

PRESIDIO INC.: $1.375 billion senior secured credit facilities; Citigroup, JPMorgan, RBC, BofA Securities and MUFG; $100 million revolver; $250 million asset-based facility; $1.025 billion first-lien term loan; help fund buyout by BC Partners; New York-based IT solutions provider.

SOPHOS: $2.075 billion senior secured credit facilities; Goldman Sachs; $125 million five-year multi-currency revolver expected at Libor plus 425 bps, 0% Libor floor; $1.43 billion seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 25 bps step-down based on first-lien net leverage, 0% Libor floor, 101 soft call for six months; $520 million eight-year covenant-lite second-lien term loan expected at Libor plus 825 bps, 0% Libor floor, call protection 102, 101; help fund buyout by Thoma Bravo; Oxford, U.K., provider of cybersecurity.

T-MOBILE USA INC.: $8 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; $4 billion five-year revolver expected at Libor plus 125 bps, 0% Libor floor; $4 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.

ZAYO GROUP HOLDINGS INC.: $6.74 billion senior secured credit facilities; Credit Suisse, Morgan Stanley, Citigroup, Deutsche Bank, SunTrust and TD Securities; $500 million multi-currency revolver; $6.24 billion of term loans; help fund buyout by Digital Colony Partners and the EQT Infrastructure IV fund and refinance existing debt; Boulder, Colo., provider of mission-critical bandwidth to companies.

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