Bank Loan Calendar: $13.787 billion deals being marketed

Upcoming Closings

ANCESTRY.COM OPERATIONS INC.: Expected closing Aug. 26; $1.385 billion seven-year covenant-lite term B (B2/B) at Libor plus 425 bps, step-down, 0% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley, JPMorgan, Goldman Sachs, Deutsche Bank, KKR, Barclays, BofA Securities, RBC and UBS; repay a portion of the existing term B and fund a dividend to shareholders; Lehi, Utah, online family history resource.

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 at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call; help fund buyout by Nordic Capital; Coral Gables, Fla., developer of cloud-based software for pharmaceutical and R&D companies.

CLAIRE’S STORES INC.: $700 million seven-year term B (B2/B) talked at Libor plus 550 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance existing term B and repay preferred equity; Hoffman Estates, Ill., specialty retailer of jewelry and accessories for young women, teens, tweens and girls.

CLEAR CHANNEL OUTDOOR HOLDINGS INC.: Expected closing Aug. 23; $2.2 billion credit facilities (B1/B+/BB-); Morgan Stanley, Deutsche Bank, JPMorgan, Barclays, Goldman Sachs and Wells Fargo; $200 million revolver; $2 billion seven-year covenant-lite first-lien term B at Libor plus 350 bps, 25 bps step-down upon B2/B corporate family ratings, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; New York-based outdoor advertising company.

DIGICERT INC.: $2.5 billion credit facilities; Credit Suisse, Jefferies, Macquarie, UBS, Barclays, Deutsche Bank, Golub and Antares; $125 million revolver (B2/B-/BB-); $1.65 billion seven-year covenant-lite first-lien term loan (B2/B-/BB-) at Libor plus 400 bps, step-down to Libor plus 375 bps at 6.5x total net leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; $475 million privately placed second-lien term loan; help fund buyout by Clearlake Capital Group LP and TA Associates; Lehi, Utah, provider of digital certificates, certificate management solutions and public-key infrastructure solutions.

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.

KAMAN DISTRIBUTION GROUP (RUBY HOLDINGS II LLC): $510 million credit facilities; Jefferies, Antares and BMO; $75 million five-year ABL revolver; $320 million seven-year first-lien term loan (B2/B) at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call; $115 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 900 bps, 0% Libor floor, OID 96, call protection 102, 101; help fund buyout by Littlejohn & Co. from Kaman Corp.; distributor of bearings and power transmission, automation, and fluid power products.

NASCAR HOLDINGS INC.: $1.41 billion seven-year first-lien term loan (Ba2/BB) at Libor plus 275 bps, 25 bps step-down when first-lien net leverage is 3.5x, 0% Libor floor, OID 99.5, 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.

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.

SHIELDS HEALTH SOLUTIONS HOLDINGS LLC: $215 million credit facilities (B3/B-); Credit Suisse; $15 million revolver; $200 million seven-year covenant-lite first-lien term loan at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund the buyout by Welsh, Carson, Anderson & Stowe; Stoughton, Mass., specialty pharmacy integrator and care provider.

US ECOLOGY INC.: $450 million seven-year covenant-lite term B (Ba3/BB+) at Libor plus 250 bps, step-down to Libor plus 225 bps if corporate family ratings are Ba2 and BB with stable outlooks, 0% Libor floor, OID 99.75, 101 soft call for six months; Wells Fargo and BofA Securities; refinance NRC Group Holdings Corp.’s existing debt, pay transaction related fees in connection with the all-stock acquisition of NRC and repay revolver borrowings; Boise, Idaho, provider of environmental services to commercial and government entities.

US FOODS HOLDING CORP.: $1.5 billion seven-year incremental senior secured term B (Ba3) at Libor plus 200 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan and BofA Securities; help fund acquisition of SGA’s Food Group of Companies; Rosemont, Ill., food company and foodservice distributor.

WESTJET AIRLINES LTD.: Expected closing late September/early October; $2.305 billion credit facilities (Ba2/BB-/BB+); Barclays, Morgan Stanley, RBC, Citigroup, UBS, BMO, Scotia and TD Securities; $350 million revolver; $1.955 billion seven-year first-lien term loan at Libor plus 300 bps, step-down to Libor plus 275 bps upon achievement of corporate ratings of either Ba2 from Moody’s or BB- from S&P, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Onex Corp.; Calgary, Alta.-based airline company.

WS AUDIOLOGY (AURIS LUXEMBOURG III SA): Expected closing during week of Aug. 26; $100 million add-on senior secured covenant-lite term B-2 (//B+) due February 2026 at Libor plus 375 bps, 0% Libor floor, OID 98.51; Citigroup and JPMorgan; general corporate purposes, including strategic mergers & acquisitions; pure play producer of hearing aids and accessories with headquarters in Lynge, Denmark and Singapore.

On The Horizon

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.

AUTOKINITON GLOBAL GROUP: $525 million senior secured credit facilities; Goldman Sachs, BofA Securities, Barclays, RBC and KKR; $125 million asset-based revolver due May 22, 2023; $400 million incremental term loan due May 22, 2025, 101 soft call for six months; 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.

COMMUNICATIONS & POWER INDUSTRIES LLC (CPI): $195 million first-lien term loan; UBS; fund acquisition of Satcom Technologies from General Dynamics Mission Systems Inc.; Palo Alto, Calif., manufacturer of electronic components and subsystems focused primarily on communications and defense markets.

DEL FRISCO’S RESTAURANT GROUP INC.: $475 million senior secured credit facilities; Credit Suisse, Jefferies, Citizens and Societe Generale; $50 million revolver; $425 million term loan; help fund buyout by L Catterton; Irving, Tex., 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.

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) 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.

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, RBC, BMO, Scotia, TD Securities, Barclays and MUFG; $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.

J.D. POWER: New debt financing; RBC, KKR and SunTrust; help fund buyout by Thoma Bravo LLC; Costa Mesa, Calif., provider of data analytics and consumer intelligence.

LIBERTY TAX 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.

MEDICAL SOLUTIONS: New debt financing; UBS; help fund acquisition of C&A Industries Inc.; Omaha, Neb., healthcare staffing company.

MONOTYPE IMAGING HOLDINGS INC.: New debt financing; Deutsche Bank; help fund buyout by HGGC; Woburn, Mass., provider of type related software solutions and technologies.

MORPHE HOLDINGS: New debt financing; Jefferies; help fund buyout by General Atlantic; beauty 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.: New debt financing; Citigroup, JPMorgan and RBC; help fund buyout by BC Partners; New York-based IT solutions provider.

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.

SPEEDWAY MOTORSPORTS INC.: $350 million five-year credit facilities; BofA Securities; $100 million revolver expected at Libor plus 225 bps, 0% Libor floor; $250 million term A expected at Libor plus 225 bps, 0% Libor floor; help fund acquisition by Sonic Financial Corp.; Concord, N.C., marketer and promoter of motorsports entertainment.

STERLING CONSTRUCTION CO.: $475 million credit facilities; BMO; $75 million revolver; $400 million five-year term loan; help fund acquisition of Plateau Excavation Inc. and repay existing bank debt; The Woodlands, Tex., construction company.

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.

WESCO AIRCRAFT HOLDINGS INC.: New debt financing; BofA Securities and Deutsche Bank; help fund buyout by Platinum Equity and combination with Pattonair; Valencia, Calif.-based distributor and provider of supply chain management services to the aerospace industry.

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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