Bank Loan Calendar: $33.445 billion deals being marketed

July Bank Meetings

CLAROS MORTGAGE TRUST INC.: Lender call July 24; $350 million seven-year senior secured term B (Ba3/BB-) talked at Libor plus 325 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; JPMorgan; general corporate purposes and new loan origination; commercial mortgage real estate investment trust.

DAVITA INC.: Bank meeting July 24; $5.25 billion senior secured credit facilities (Ba1/BBB-); Wells Fargo, JPMorgan, MUFG, BofA Securities, Barclays, Credit Suisse, Goldman Sachs, Morgan Stanley and SunTrust; $2.5 billion seven-year term B, 101 soft call for six months; $1 billion five-year revolver; $1.75 billion five-year term A with delayed-draw feature; repay bank debt, redeem notes, buy back stock and general corporate purposes; Denver-based provider of kidney dialysis services to patients with chronic kidney failure.

JAGGAER: Bank meeting July 24; $510 million first-lien term loan (B2); Goldman Sachs, UBS, Antares and CPPIB; help fund buyout by Cinven from Accel-KKR; Research Triangle Park, N.C., cloud-based suite of SaaS solutions to help corporations track, manage, and control vendor expenses.

KAMAN DISTRIBUTION GROUP (RUBY HOLDINGS II LLC): Bank meeting July 24; $510 million credit facilities; Jefferies, Antares and BMO; $75 million five-year ABL revolver; $320 million seven-year first-lien term loan, 101 soft call for six months; $115 million eight-year second-lien term loan, call protection 102, 101; help fund buyout by Littlejohn & Co. from Kaman Corp.; distributor of bearings and power transmission, automation, and fluid power products.

Upcoming Closings

ACCESS CIG LLC: $200 million of incremental first-lien term loans (B2/B) due February 2025; Jefferies, Golub, Macquarie and Nomura; $150 million incremental first-lien term loan talked at Libor plus 375 bps, 0% Libor floor, OID 99.25 area, 101 soft call for six months; $50 million privately placed incremental first-lien delayed-draw term loan; fund acquisitions under letters of intent; Livermore, Calif., provider of physical and digital records and information management services.

ADVISOR GROUP INC.: $1.425 billion credit facilities (B1); UBS, Goldman Sachs, Barclays, Deutsche Bank, Credit Suisse, RBC, BofA Securities and SunTrust; $225 million revolver; $1.2 billion first-lien term loan talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Reverence Capital Partners; Phoenix, Ariz., wealth management platform.

AMWINS GROUP LLC: $250 million incremental first-lien term loan (B1/B+) due January 2024 talked at Libor plus 275 bps, 1% Libor floor, OID 99.05, 101 soft call for six months; Goldman Sachs, Barclays, JPMorgan and Wells Fargo; general corporate purposes, including acquisitions currently under letters of intent; Charlotte, N.C., specialty insurance broker.

ARISGLOBAL (ATHOS MERGER SUB LLC): $270 million credit facilities (B2/B-); Credit Suisse; $30 million revolver; $240 million seven-year covenant-lite first-lien term loan talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Nordic Capital; Coral Gables, Fla., developer of cloud-based software for pharmaceutical and R&D companies.

BOYD CORP. (LTI HOLDINGS INC.): $125 million seven-year incremental first-lien term loan (B2/B-) at Libor plus 475 bps, 25 bps step-down at 4.65x first-lien net leverage and 25 bps step-down upon an IPO, 0% Libor floor, OID 95; JPMorgan; fund acquisition of Lytron Inc.; Pleasanton, Calif., provider of highly engineered thermal management and environmental sealing solutions.

BROADSTREET PARTNERS INC.: $135 million add-on term B (B2) talked at Libor plus 325 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; RBC; fund acquisitions and repay revolver borrowings; Columbus, Ohio, insurance broker.

CHIEF POWER FINANCE LLC: $380 million credit facilities; Barclays and Morgan Stanley; $45 million 4.5-year super senior revolver; $335 million five-year term B talked at Libor plus 800 bps to 825 bps, 2% Libor floor, OID 98, non-call one, 102, 101; refinance existing credit facilities and partially finance the acquisitions of PSEG’s KeyCon ownership interests; indirect owner of undivided ownership interests in two coal-fired generating facilities in PJM.

CITGO HOLDING INC.: $500 million four-year senior secured first-lien term loan (Caa1/B/B+) at Libor plus 700 bps, 1% Libor floor, OID 98.5, non-call one, 101; Jefferies; help repay notes; Houston-based owner and operator of three large-scale, highly complex refineries.

CITYMD (WP CITYMD BIDCO LLC: $1.05 billion credit facilities (B2/B-); Credit Suisse, Goldman Sachs, BofA Securities, Jefferies, KeyBanc, ING, SunTrust, Regions and Houlihan Lokey; $150 million revolver; $900 million seven-year covenant-lite first-lien term loan talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; fund the acquisition of Summit Medical Group and refinance existing debt; multi-specialty, outpatient-focused physician group.

CLEARWATER PAPER CORP.: $550 million credit facilities; JPMorgan; $300 million seven-year term B (Ba1/BB+) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $250 million asset-based revolver; refinance existing revolver; Spokane, Wash., pulp and paper product manufacturer.

ENSEMBLE HEALTH PARTNERS: $672 million seven-year first-lien term loan (B2/B) at Libor plus 375 bps, 25 bps step-down upon a qualifying IPO, 0% Libor floor, OID 99.5; Goldman Sachs, Antares, Citigroup, Deutsche Bank and Guggenheim; help fund buyout of a majority stake by Golden Gate Capital from Bon Secours Mercy Health; revenue cycle management provider.

FOCUS FINANCIAL PARTNERS INC.: $300 million add-on term B at Libor plus 250 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; RBC, BMO, BofA Securities, SunTrust, Capital One, KKR, Fifth Third, Goldman Sachs, MUFG and Regions; repay revolver borrowings; New York-based partnership of independent, fiduciary wealth management firms.

GEMS EDUCATION: $850 million first-lien term B (B2/B/B+) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs, Credit Suisse, Citigroup and HSBC; help refinance existing debt following acquisition of a minority stake by a CVC Capital Partners-led consortium; Dubai-based provider of private K-12 education.

GLASS MOUNTAIN PIPELINE HOLDINGS LLC: Roughly $129 million incremental term B (B-) due December 2024 talked at Libor plus 550 bps, 1% Libor floor, OID 98, 101 soft call; Barclays and Morgan Stanley; general corporate purposes; also revising existing term B spread to match incremental; multi-play crude oil transportation system located in the Stack/Merge, Granite Wash and Mississippi Lime plays.

INEOS ENTERPRISES: €1.7 billion equivalent credit facilities; Barclays, BNP Paribas and NatWest; €525 million equivalent U.S. seven-year term B (Ba3/BB) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; €525 million seven-year term B (Ba3/BB) talked at Euribor plus 325 bps to 350 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; €350 million five-year term A (Ba3/BB); €300 million three-year receivables securitization facility; fund acquisitions and refinance existing debt; London-based producer of intermediate chemicals.

INSURITY INC.: $585 million credit facilities; Jefferies and BofA Securities; $40 million five-year revolver (B2/B-); $385 million seven-year first-lien term loan (B2/B-) at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $160 million privately placed eight-year second-lien term loan; help fund buyout by GI Partners; Hartford, Conn., software platform for the property & casualty insurance industry.

JANUS INTERNATIONAL GROUP: $180 million incremental first-lien term loan (B) talked at Libor plus 375 bps, OID 99; UBS and Morgan Stanley; repay existing second-lien term loan and fund a dividend; Temple, Ga., manufacturer of roll up and swing doors, hallway systems and re-locatable storage units for the self-storage industry.

KNOWLTON DEVELOPMENT CORP. INC.: $85 million incremental first-lien term loan (B) due Dec. 21, 2025 talked at Libor plus 425 bps, 0% Libor floor, OID 99.5; Jefferies; fund an acquisition; Quebec-based custom formulator and solution services partner to beauty, personal care and home/industrial care companies.

LEGALSHIELD: $60 million add-on first-lien term B due May 1, 2025 talked at Libor plus 325 bps, 0% Libor floor, OID 99.5; RBC; repay revolver borrowings and consummate near term acquisitions; Ada, Okla., provider of legal plans and identity theft solutions.

LOPAREX INTERNATIONAL: $600 million credit facilities; Jefferies, Barclays and Nomura; $50 million five-year revolver (B2); $390 million seven-year first-lien term loan (B2) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; $160 million eight-year second-lien term loan (Caa2) talked at Libor plus 850 bps, 0% Libor floor, OID 98 to 98.5, call protection 102, 101; help fund buyout by Pamplona Capital Management from Intermediate Capital Group; manufacturer of silicone release liners.

MANNINGTON MILLS: Expected closing July 22 week; $425 million credit facilities; RBC and SunTrust on term loan, BofA Securities on revolver; $125 million asset-based revolver; $300 million seven-year term B (B1/BB-) at Libor plus 400 bps, 0% Libor floor, OID 99; refinance existing debt; Salem, N.J., manufacturer of flooring solutions.

MIDCONTINENT COMMUNICATIONS: $685 million seven-year covenant-lite first-lien term B (Ba3/BB) talked at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; SunTrust, Wells Fargo, CoBank, TD Securities, RBC and MUFG; repay an existing term loan and notes; Sioux Falls, S.D., provider of cable television, digital telephone service and high-speed internet access.

MYEYEDR. (MED PARENTCO. LP): $1.631 billion senior secured credit facilities; Jefferies, Credit Suisse, Nomura, Golub, KKR and Macquarie; $125 million five-year revolver (B2/B); $845 million seven-year first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; $211 million seven-year delayed-draw for 24 months first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99; $360 million eight-year second-lien term loan (Caa2/CCC+) talked at Libor plus 800 bps to 825 bps, 0% Libor floor, OID 98.5, call protection 102, 101; $90 million eight-year delayed-draw for 24 months second-lien term loan (Caa2/CCC+) talked at Libor plus 800 bps to 825 bps, 0% Libor floor, OID 98.5; help fund buyout by Goldman Sachs Merchant Banking Division from Altas Partners and Caisse de dépôt et placement du Québec; optometry platform.

NASCAR HOLDINGS INC.: $1.41 billion seven-year first-lien term loan (Ba2/BB) talked at Libor plus 300 bps to 325 bps, 0% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs, BofA Securities and PNC; help fund acquisition of International Speedway Corp.; Daytona Beach, Fla., sports sanctioning body and provider of news, statistics, and information services on races, drivers, teams, and industry events.

NESTLE SKIN HEALTH: CHF 5.395 billion equivalent credit facilities; Credit Suisse (left on U.S.), Deutsche Bank (left on euro), Goldman Sachs, Barclays, BofA Securities, RBC, Mizuho, Credit Agricole, Jefferies and UBS; CHF 2.47 billion U.S. equivalent (about $2.53 billion) seven-year covenant-lite first-lien term loan talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; CHF 1.075 billion euro equivalent (about €970 million) seven-year covenant-lite first-lien term loan talked at Euribor plus 400 bps to 425 bps, 0% floor, OID 99.5, 101 soft call for six months; CHF 500 million revolver; pre-placed CHF 945 million U.S. equivalent second-lien term loan; pre-placed CHF 405 million euro equivalent second-lien term loan; help fund buyout by a consortium led by EQT and ADIA from Nestle SA; Lausanne, Switzerland, skincare company.

OUTPUT SERVICES GROUP INC. (OSG BILLING SERVICES): Roughly $497 million equivalent of term loans; Barclays; roughly $232 million equivalent sterling-denominated incremental first-lien term loan (B3) due March 2024 talked at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; roughly $265 million second-lien term loan (Caa3) due September 2024 talked at Libor plus 875 bps to 900 bps, 1% Libor floor, OID 97.5, call protection 102, 101; take out the existing M&A financing and bring Communisis into the existing financing credit group; Ridgefield Park, N.J., provider of billing and customer communications services.

PHI INC.: $225 million exit financing five-year term B at Libor plus 700 bps, 1% Libor floor, OID 98, non-call one, 102, 101; Credit Suisse; refinance existing debt and general corporate purposes; Lafayette, La., provider of helicopter aviation services.

PIKE CORP.: Expected closing July 24; $1.02 billion seven-year covenant-lite first-lien term B (B2/B) at Libor plus 325 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Morgan Stanley; refinance existing debt and fund an acquisition; Mount Airy, N.C., specialty construction and engineering firm.

PLZ AEROSCIENCE CORP.: $719 million credit facilities (B2/B); Antares and BMO; $75 million five-year revolver; $644 million seven-year covenant-lite term loan talked at Libor plus 350 bps, step-down to Libor plus 325 bps at less than 3.75x total net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; Downers Grove, Ill., producer of specialty aerosol products.

PREGIS LLC: $955 million credit facilities; Credit Suisse, Barclays, Deutsche Bank, Morgan Stanley and UBS; $125 million revolver (B2/B); $615 million seven-year covenant-lite first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; $215 million privately placed second-lien term loan; help fund buyout by Warburg Pincus from Olympus Partners; Deerfield, Ill., protective packaging materials and automated systems manufacturer.

PRESS GANEY ASSOCIATES INC. (EMERALD TOPCO INC.): $1.5 billion credit facilities (B2/B); Barclays, Citigroup, Goldman Sachs, JPMorgan, BMO and Deutsche Bank; $250 million revolver; $1.25 billion seven-year first-lien term loan at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Leonard Green & Partners LP and Ares Management Corp.; South Bend, Ind., provider of patient experience measurement and performance improvement solutions to healthcare organizations.

RENT-A-CENTER INC.: $200 million seven-year first-lien term loan (Ba3/BB-) talked at Libor plus 450 bps to 475 bps, OID 99, 101 soft call for six months; JPMorgan; refinance existing debt and general corporate purposes; Plano, Texas, rent-to-own operator.

SELECT MEDICAL CORP.: $400 million add-on term loan B (Ba2) due March 6, 2025 talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance some existing debt and general corporate purposes; Mechanicsburg, Pa., health care company.

SINCLAIR BROADCAST GROUP INC. (DIAMOND SPORTS GROUP LLC)/SINCLAIR TELEVISION GROUP: $4.9 billion credit facilities; JPMorgan, Deutsche Bank, RBC and BofA Securities; $300 million five-year revolver at Broadcast; $3.3 billion seven-year term B (Ba2/BB) at Broadcast at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $1.3 billion seven-year incremental term B (Ba2/BB+) at Television at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of 21 Regional Sports Networks and Fox College Sports from the Walt Disney Co., and refinance some existing debt; Hunt Valley, Md., television broadcasting company.

SNAPAV: $390 million incremental first-lien term loan (B3/B) talked at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; UBS, SunTrust and BMO; help fund acquisition of Control4 Corp.; Charlotte, N.C., manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators.

SOTERA HEALTH HOLDINGS LLC: $320 million senior secured incremental first-lien term loan (B1/B) due May 15, 2022 at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Jefferies, JPMorgan, Barclays, RBC, Goldman Sachs, ING and SMBC; fund a distribution to shareholders; Broadview Heights, Ohio, provider of mission-critical health sciences, lab services and sterilization solutions for the healthcare industry.

TOTAL SAFETY: $480 million credit facilities; Goldman Sachs, Citizens and Credit Suisse; $75 million ABL revolver; $330 million first-lien term loan (B3/B-) talked at Libor plus 550 bps, 1% Libor floor, OID 98, 101 soft call for six months; $75 million delayed-draw first-lien term loan (B3/B-) talked at Libor plus 550 bps, 1% Libor floor, OID 98; fund the acquisition of Sprint Safety and refinance existing debt at Total Safety; Houston-based outsourced provider of outsourced safety and compliance solutions to clients operating in hazardous environments in the refining and petrochemical end-markets.

UNITED ROAD SERVICES INC.: $92 million incremental covenant-lite first-lien term loan (B) due September 2024 talked at Libor plus 525 bps, 1% Libor floor, OID 98.88; Credit Suisse; fund tuck-in acquisitions; Romulus, Mich., provider of vehicle transport and logistics.

VERITEXT CORP.: $50 million add-on term loan talked at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; BNP Paribas; repay revolver borrowings; Livingston, N.J., provider of deposition and litigation support solutions for law firms and corporations.

VEWD SOFTWARE: $155 million credit facilities; BNP Paribas; $10 million five-year revolver talked at Libor plus 500 bps, 0% Libor floor; $145 million six-year first-lien term loan talked at Libor plus 600 bps, 0% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and buyout a minority shareholder; Norway-based smart TV OTT software provider.

WAWONA PACKING CO./GERAWAN FARMING (MVK INTERMEDIATE HOLDINGS LLC): Expected closing Aug. 1; $395 million OpCo credit facilities (B2/B+); RBC, Rabobank and Jefferies; $60 million revolver; $335 million first-lien term loan talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund merger of the companies; fresh fruit company.

WEST DEPTFORD ENERGY HOLDINGS LLC: $500 million credit facilities (Ba3/BB-); Credit Suisse; $55 million revolver; $445 million seven-year first-lien term B talked at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt and fund a shareholder distribution; 744 MW gas-fired combined-cycle power generation facility.

WHATABRANDS LLC: Expected closing late July; $1.53 billion senior secured credit facilities (B1/B+); Morgan Stanley, UBS and Credit Suisse; $200 million five-year revolver; $1.33 billion seven-year covenant-lite first-lien term B at Libor plus 325 bps, step-down to Libor plus 300 bps at 4x first-lien net leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; help fund buyout of Whataburger by BDT Capital Partners LLC; San Antonio, Texas, restaurant company.

On The Horizon

AUTOKINITON GLOBAL GROUP: New debt financing; Goldman Sachs, BofA Securities, Barclays, KKR and RBC; help fund acquisition of Tower International Inc.; New Boston, Mich., supplier of metal-formed components and complex assemblies to the automotive industry.

BUCKEYE PARTNERS LP: $2.85 billion senior secured credit facilities; Credit Suisse, Goldman Sachs, BofA Securities, CIBC, MUFG, National Australia Bank, SunTrust and TD Securities; $600 million revolver; $2.25 billion term loan; help fund buyout by IFM Investors; Houston-based owner and operator of integrated midstream assets.

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.

DEL FRISCO’S RESTAURANT GROUP INC.: $465 million senior secured credit facilities; Credit Suisse, Jefferies and Societe Generale; $40 million revolver; $425 million term loan; help fund buyout by L Catterton; Irving, Texas, restaurant company.

EDGEWELL PERSONAL CARE CO.: $1.6 billion senior secured credit facilities; BofA Securities; $400 million revolver; $400 million term A; $800 million term B; help fund acquisition of Harry’s Inc.; Shelton, Conn., consumer products company.

ELDORADO RESORTS INC./CAESARS ENTERTAINMENT CORP.: $6.4 billion credit facilities; JPMorgan (left on Eldorado), Credit Suisse (left on Caesars) and Macquarie; $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.

ENPRO INDUSTRIES INC.: $150 million term A; new revolver; help fund acquisitions of LeanTeq and the Aseptic Group and refinance existing revolver; Charlotte, N.C., manufacturer of highly engineered industrial products.

EXTREME NETWORKS INC.: $455 million five-year credit facilities; BMO; $75 million revolver expected at Libor plus 325 bps; $380 million term loan expected at Libor plus 325 bps; help fund acquisition of Aerohive Networks Inc., refinance some existing debt and general corporate purposes; San Jose, Calif., provider of network infrastructure equipment.

GARDA WORLD SECURITY CORP.: New debt financing; JPMorgan, BofA Securities, Barclays and TD Securities; help fund buyout by BC Partners from Rhone Capital; Montreal-based provider of cash logistics and security solutions.

GENESEE & WYOMING INC.: $3.15 billion senior secured credit facilities; Credit Suisse, Wells Fargo, Citigroup and RBC; $600 million revolver; $2.55 billion of term loans; help fund buyout by Brookfield Infrastructure and GIC; Darien, Conn., owner of short line railroads.

HEALTHEQUITY INC.: $1.436 billion senior secured credit facilities; Wells Fargo, Goldman Sachs, JPMorgan, Citigroup, RBC and SunTrust; $200 million five-year revolver expected at Libor plus 225 bps, 0% Libor floor; $1.236 billion seven-year covenant-lite term loan expected at Libor plus 300 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of WageWorks Inc. and refinance existing debt; Draper, Utah, health savings account non-bank custodian.

HOWDEN: New debt financing; JPMorgan, Barclays, BNP Paribas, RBC and HSBC; help fund buyout by KPS Capital Partners LP from Colfax Corp.; Glasgow, Scotland, provider of mission critical air and gas handling products and services to the industrial, power, oil & gas and mining industries.

INMARSAT: $3.3 billion credit facilities; Barclays, BofA Securities and UBS; $600 million five-year revolver expected at Libor plus 350 bps, 0% Libor floor; $2.5 billion seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 0% Libor floor, 101 soft call for six months; up to $200 million seven-year first-lien delayed-draw covenant-lite term loan expected at Libor plus 425 bps, 0% Libor floor; help fund buyout by Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board; London-based satellite telecommunications 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.

SHUTTERFLY INC.: $1.95 billion senior secured credit facilities; Barclays, Citigroup and SunTrust; $300 million revolver; $1.65 billion term loan; help fund buyout by Apollo Global Management LLC; Redwood City, Calif., retailer and manufacturing platform for personalized products and communications.

SOTHEBY’S: $1.1 billion senior secured credit facilities; BNP Paribas; $300 million revolver; $800 million term loan (could include delayed-draw piece); also $450 million senior secured asset sale bridge term loan; help fund buyout by BidFair USA; New York-based auction house.

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.

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

WESTJET AIRLINES LTD.: New debt financing; Barclays, Morgan Stanley and RBC; help fund buyout by Onex Corp.; Calgary-based airline 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.

© 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.