Bank Loan Calendar: $19.7701 billion deals being marketed

December Bank Meetings

NFP CORP.: Lender call Dec. 12; $125 million incremental term B; BofA Securities; mergers and acquisitions; New York-based insurance broker and consultant.

REFINITIV: Lender call Dec. 12; BofA Securities; data and financial technology platform.

Upcoming Closings

AMWINS GROUP INC.: $250 million add-on first-lien term B (Ba3/B+) due Jan. 25, 2024 talked at Libor plus 275 bps, 1% Libor floor, OID 99.05, 101 soft call for six months; Goldman Sachs, Barclays, JPMorgan, Morgan Stanley and Wells Fargo; fund a dividend to shareholders; Charlotte, N.C., specialty insurance broker.

APPLIED SYSTEMS INC.: $210 million of incremental term loans; Nomura; $150 million incremental first-lien term loan B due Sept. 19, 2024 at Libor plus 325 bps, step-down to Libor plus 300 bps at 4.75x net first-lien leverage, 1% Libor floor, OID 99.25; $60 million incremental second-lien term loan due Sept. 19, 2025 at Libor plus 700 bps, 1% Libor floor, OID 99.75; fund acquisition of Indio Technologies Inc.; University Park, Ill., cloud software provider to the property & casualty and benefits insurance industry.

BERRY GLOBAL GROUP INC.: $4.626 equivalent of term loans; Goldman Sachs; $3.85 billion term Y due July 2026 talked at Libor plus 225 bps, step-down at 0.5x inside closing date total net leverage, 0% Libor floor, 101 soft call for six months; $776 million equivalent term Z due July 2026 talked at Euribor plus 225 bps, step-down at 0.5x inside closing date total net leverage, 0% floor, 101 soft call for six months; help refinance/reprice existing term U and term V; Evansville, Ind., manufacturer and marketer of plastic packaging products, plastic film products, specialty adhesives and coated products.

CABOT MICROELECTRONICS CORP.: $957 million term B due November 2025 talked at Libor plus 200 bps, 0% Libor floor, OID 99.875 to par, 101 soft call for six months; JPMorgan and HSBC; repricing; Aurora, Ill., supplier of chemical mechanical planarization polishing slurries and CMP pads to the semiconductor industry.

CALPINE CORP.: $947.6 million first-lien term B-9 (Ba2/BB) due April 1, 2026 talked at Libor plus 225 bps to 250 bps, 0% Libor floor, 101 soft call for six months; Credit Suisse; repricing; Houston-based provider of power generation services.

CANISTER INTERNATIONAL GROUP INC.: $525 million credit facilities (B2/B); Credit Suisse, Deutsche Bank, BNP Paribas, RBC, BMO and Stifel; $80 million revolver; $445 million seven-year covenant-lite first-lien term loan talked at Libor plus 500 bps to 525 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; help fund buyout by Cerberus; designer and manufacturer of plastic and aluminum closures and capping equipment.

CHESAPEAKE ENERGY CORP.: Expected closing Dec. 23; $1.5 billion 4.5-year secured first-lien last-out term loan (B3/B-) at Libor plus 800 bps, 1% Libor floor, OID 98, non-call 1.5 years, then 105, 102.5; JPMorgan, Morgan Stanley, BofA Securities and MUFG; fund a tender offer for unsecured notes issued by Brazos Valley and retirement of Brazos Valley’s existing revolver; Oklahoma City-based oil and natural gas company.

COX MEDIA GROUP (TERRIER MEDIA BUYER INC.): Expected closing mid-to late December; $2.2 billion credit facilities (Ba3/BB-); RBC, JPMorgan, Citigroup, Barclays, Credit Suisse, Deutsche Bank and Mizuho; $325 million five-year revolver; $1.875 billion seven-year term B talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Apollo Global Management Inc. from Cox Enterprises Inc.; Atlanta-based broadcasting, publishing, direct marketing and digital media company.

EVERI HOLDINGS INC.: About $751 million (expected pro forma size post paydown) senior secured first-lien term loan (Ba3/BB/BB+) due May 2024 talked at Libor plus 275 bps, 1% Libor floor, 101 soft call for six months; Jefferies; repricing; Las Vegas-based provider of video and mechanical reel gaming content and solutions, integrated gaming payment solutions and compliance and efficiency software solutions.

FRANKLIN SQUARE HOLDINGS: $495 million term B talked at Libor plus 225 bps, 0% Libor floor, OID 99.75; JPMorgan; repricing; Philadelphia-based investment company.

HERBALIFE NUTRITION LTD.: $742.5 million senior secured first-lien term B (Ba1/BB+) due August 2025 talked at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Jefferies; repricing; Los Angeles-based nutrition and weight management company.

HORIZON THERAPEUTICS USA INC.: Expected closing Dec. 18; $418 million senior secured covenant-lite term loan B due May 22, 2026 talked at Libor plus 225 bps, 25 bps step-down when total net leverage is 2x, 0% Libor floor, 101 soft call for six months; Citigroup, Morgan Stanley and Goldman Sachs; repricing; Dublin-based biopharmaceutical company.

HOSTESS BRANDS LLC: $140 million covenant-lite add-on term loan (BB-) due August 2025 at Libor plus 225 bps, 0.75% Libor floor, OID 99.75, 101 soft call until April 1, 2020; Credit Suisse, Citigroup, Nomura and Morgan Stanley; help fund acquisition of Voortman Cookies Ltd. from Swander Pace Capital; Kansas City, Mo., packaged food company.

INSTALLED BUILDING PRODUCTS INC.: Expected closing Dec. 16 week; $200 million covenant-lite term B due April 15, 2025 talked at Libor plus 225 bps, 0% Libor floor, OID 99.875 to par, 101 soft call for six months; BofA Securities; repricing; Columbus, Ohio, installer of insulation products and complementary building products.

IQVIA INC.: $1.27 billion of term loans; BofA Securities, HSBC, JPMorgan, Wells Fargo, Goldman Sachs and Barclays; $535 million term B-1 talked at Libor plus 175 bps, 0% Libor floor, OID 99.75 to par; $735 million term B-2 talked at Libor plus 175 bps, 0% Libor floor, OID 99.75 to par; repricing; Danbury, Conn., provider of advanced analytics, technology solutions and contract research services to the life sciences industry.

LIAISON (LI GROUP HOLDINGS INC.): $240 million credit facilities (B2/B); Credit Suisse and UBS; $15 million revolver; $225 million seven-year covenant-lite first-lien term loan talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Meritage Group; admission management software for higher education.

MIRION TECHNOLOGIES INC.: Expected closing Dec. 16; $66 million add-on covenant-lite first-lien term B due March 6, 2026 at Libor plus 400 bps, 0% Libor floor; Morgan Stanley and HSBC; fund tuck-in acquisitions and general corporate purposes; provider of radiation detection, measurement, analysis and monitoring products to nuclear power, medical, military, and homeland security markets.

ONE SKY FLIGHT LLC: $425 million seven-year senior secured first-lien term loan (B2) talked at Libor plus 625 bps to 650 bps, 1% Libor floor, OID 98, 101 soft call; Jefferies, Guggenheim and CIBC; refinance existing debt, purchase aircraft currently leased and fund cash to the balance sheet to support future growth; private aviation company.

PCI GAMING AUTHORITY: $1.177 billion first-lien term loan (Ba3/BB+/BBB-) due May 2026 talked at Libor plus 225 bps to 250 bps, 0% Libor floor, 101 soft call for six months; Credit Suisse; repricing; Atmore, Ala., owner and operator of gaming and entertainment facilities.

PITNEY BOWES INC.: $900 million seven-year term B (Ba1/BBB-/BBB-) talked at Libor plus 375 bps to 400 bps, OID 99, 101 soft call for six months; JPMorgan, MUFG, SunTrust, Goldman Sachs, Citigroup and Citizens; refinance existing debt; Stamford, Conn., technology company providing commerce solutions.

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.

WIRB-COPERNICUS GROUP: $1.39 billion credit facilities; Barclays, Morgan Stanley, Goldman Sachs, BMO, Golub and HSBC; $125 million revolver (B2/B); $920 million first-lien term loan (B2/B) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 99, 101 soft call for six months; $345 million privately placed second-lien term loan; help fund buyout by Leonard Green & Partners LP; Princeton, N.J., provider of clinical trial optimization solutions.

On The Horizon

ACPRODUCTS INC.: New debt financing; help fund acquisition of Masco Cabinetry from Masco Corp.; The Colony, Texas, manufacturer of cabinetry products.

AMNEAL PHARMACEUTICALS INC.: $210 million credit facilities; SunTrust; $30 million revolver; $180 million senior secured pro rata term loan at an unrestricted subsidiary; help fund acquisition of a 65.1% interest in AvKARE Inc.; Bridgewater, N.J., pharmaceutical company.

ANIXTER INTERNATIONAL INC.: New debt financing; BofA Securities, JPMorgan, Deutsche Bank, Credit Suisse, Goldman Sachs, Morgan Stanley, UBS, BNP Paribas, ING, Natixis, Societe Generale and Scotia; 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.

DIVERSIFIED RESTAURANT HOLDINGS INC.: New debt financing; help fund buyout by ICV Partners LLC; Troy, Mich.-based franchisee for Buffalo Wild Wings sports bars.

EAGLE MATERIALS INC.: $665 million term loan; JPMorgan and Goldman Sachs; help fund acquisition of Kosmos Cement Co.’s Louisville, Ky. cement plant and related assets; Dallas-based manufacturer and distributor of cement, gypsum wallboard, recycled paperboard, concrete, sand and aggregates.

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.: $540 million senior secured credit facilities; $125 million asset-based revolver; $415 million first-lien term loan; help fund buyout by One Rock Capital Partners LLC; Cranbury, N.J., producer of essential ingredients.

MAGICLAB: New debt financing; Citigroup; help fund buyout by Blackstone; builder and operator of dating and social networking apps.

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.

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.

NOVARIA GROUP: New debt financing; RBC and KKR; help fund buyout by KKR from Rosewood Private Investments and Tailwind Advisors; Fort Worth-based manufacturer of specialty aerospace hardware.

PATTERN ENERGY GROUP INC.: New debt financing; BMO, Citigroup and RBC; help fund buyout by Canada Pension Plan Investment Board; San Francisco-based power company.

PIXELLE SPECIALTY SOLUTIONS LLC: $275 million credit facilities; Credit Suisse and Citizens; $20 million revolver; $255 million term loan; help fund acquisition of specialty paper mills in Jay, Maine and Stevens Point, Wis. from Verso Corp.; manufacturer of specialty paper products.

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.

SIRVA INC.: New debt financing; Barclays, Deutsche Bank and BofA Securities; help fund acquisition of relocation assets of Cartus from Realogy Holdings Corp.; Oakbrook Terrace, Ill., relocation and moving company.

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.

TECH DATA: New debt financing; Citigroup, JPMorgan, Wells Fargo, Barclays and RBC; help fund buyout by Apollo Global Management Inc.; Clearwater, Fla., distributor of IT products.

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.

VIAGOGO: New debt financing; JPMorgan; help fund acquisition of StubHub from eBay Inc.; Geneva-based online resale ticket marketplace.

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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