Bank Loan Calendar: $28.691 billion deals being marketed

September Bank Meetings

ALKU LLC: Bank meeting Sept. 10; $248 million credit facilities (B2/B-); Societe Generale and SunTrust; $30 million revolver; $218 million term B; help fund buyout by FFL Partners; Andover, Mass., provider of temporary and contractual consultants in the technology, healthcare IT, life sciences and government sectors.

AUTOKINITON GLOBAL GROUP: Bank meeting Sept. 9; $525 million senior secured credit facilities; Goldman Sachs, BofA Securities, Barclays, RBC and KKR; $125 million incremental ABL revolver; $400 million incremental term loan; help fund acquisition of Tower International Inc.; New Boston, Mich., supplier of metal-formed components and complex assemblies to the automotive industry.

CERENCE INC.: Bank meeting Sept. 9; $500 million credit facilities; Barclays; $75 million revolver; $425 million first-lien term B; help fund spinoff from Nuance Communications Inc.; Burlington, Mass., automotive software company.

CPI INTERNATIONAL INC. (COMMUNICATIONS & POWER INDUSTRIES): Bank meeting Sept. 11; $195 million incremental 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.: Bank meeting Sept. 9; $475 million senior secured credit facilities; Credit Suisse, Jefferies, Societe Generale and Citizens; $50 million revolver; $425 million seven-year first-lien term loan talked at Libor plus 700 bps, 0% Libor floor, OID 97, 101 soft call for six months; help fund buyout by L Catterton; Irving, Tex., restaurant company.

SHUTTERFLY INC.: Bank meeting Sept. 6; $1.585 billion senior secured credit facilities; Barclays, Citigroup, SunTrust, Credit Suisse, BMO, BNP Paribas, Deutsche Bank, HSBC, RBC, Mizuho and UBS; $300 million revolver; $1.285 billion first-lien term B; help fund buyout of Shutterfly and Snapfish LLC by Apollo Global Management LLC and merger of the two companies; retailer and manufacturing platform for personalized products and communications.

VUNGLE INC.: Bank meeting Sept. 6; $400 million senior secured credit facilities (B2/B); Morgan Stanley, Credit Suisse, Goldman Sachs and Nomura; $50 million revolver; $350 million first-lien term B; help fund buyout by Blackstone; San Francisco-based performance marketing platform for in-app video advertisements on mobile devices.

WELLS ENTERPRISES INC.: Bank meeting Sept. 10; $185 million add-on term B; BMO; fund an acquisition; Le Mars, Iowa, ice cream and frozen treat manufacturer.

Upcoming Closings

ADT INC. (PRIME SECURITY SERVICES BORROWER LLC): $3.025 billion to $3.275 billion seven-year senior secured term B (BB-) talked at Libor plus 300 bps to 325 bps, 0% Libor floor, OID 99, 101 soft call for six months; Barclays; help refinance an existing term loan and notes; Boca Raton, Fla., provider of monitored security and interactive home and business automation solutions.

ADVANCED COMPUTER SOFTWARE GROUP LTD.: $407 million seven-year covenant-lite first-lien term B (B-) talked at Libor plus 425 bps to 450 bps, 25 bps step-down at 4.5x first-lien net leverage, 0% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley, Goldman Sachs and Macquarie; also £75 million revolver (B-); £200 million first-lien term B (B-) talked at Libor plus 475 bps, 0% floor, OID 99, 101 soft call for six months; fund refinancing and recapitalization; U.K.-based provider of software and IT services.

ALDEVRON LLC: $1.125 billion credit facilities; Morgan Stanley, Antares and Goldman Sachs; $125 million five-year revolver (B1/B); $740 million seven-year covenant-lite first-lien term B (B1/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; $260 million privately placed eight-year covenant-lite second-lien term loan talked at Libor plus 750 bps, 0% Libor floor, call protection 102, 101; fund acquisition of a majority interest in the company by EQT Partners AB; Fargo, N.D., supplier of nucleic acids, proteins and antibodies.

AUTODATA GROUP: $1.02 billion of term loans; RBC, KKR, SunTrust and UBS; $755 million incremental first-lien term loan (//BB-) due May 2026 talked at Libor plus 350 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; $265 million privately placed incremental second-lien term loan due May 2027; fund a business combination; London, Ont., provider of data, technology platforms and services to the automotive industry.

COADVANTAGE (AQ CARVER BUYER INC.): $500 million credit facilities; Deutsche Bank, Antares and Madison Capital; $45 million revolver (B2/B); $325 million seven-year covenant-lite first-lien term loan (B2/B) talked at Libor plus 450 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $130 million eight-year covenant-lite second-lien term loan (Caa2/CCC) talked at Libor plus 850 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Aquiline Capital Partners from Morgan Stanley Capital Partners; Tampa, Fla., professional employer organization and a provider of strategic human resource solutions.

DELL TECHNOLOGIES: $4 billion term B (Baa3/BBB-/BBB-) due September 2025 talked at Libor plus 200 bps to 225 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; Credit Suisse, JPMorgan, BofA Securities, Barclays, Citigroup, Goldman Sachs, Deutsche Bank and RBC; help refinance an existing term B due 2023; Round Rock, Tex., technology 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.

EXTENDED STAY AMERICA INC. (ESH HOSPITALITY INC.): $631 million seven-year covenant-lite term B (Ba2/BB+) talked at Libor plus 200 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; amend and extend a portion of the existing term B; Charlotte, N.C., owner and operator of company-branded hotels.

HOWDEN: $925 million seven-year covenant-lite term B (B1/B) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; 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.

KAR AUCTION SERVICES INC.: $950 million seven-year term B (Ba2/BB-) talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan, BofA Securities, Goldman Sachs, Barclays, Credit Suisse, Fifth Third and U.S. Bank; refinance existing bank debt and add cash to the balance sheet; Carmel, Ind., provider of technology-driven remarketing solutions to the wholesale used vehicle industry.

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.

OECONNECTION LLC: $657 million credit facilities; Antares, Golub and Capital One; $50 million five-year revolver (B2); $422 million seven-year covenant-lite first-lien term loan (B2) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; $185 million privately placed second-lien term loan (Caa2); help fund buyout by Genstar Capital from Providence Equity Partners LLC; Cleveland-based provider of SaaS solutions that help drive original equipment parts sales and services across the automotive system.

PEABODY ENERGY CORP.: $900 million seven-year term B (BB+) talked at Libor plus 300 bps to 325 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan; help refinance existing debt; St. Louis-based private sector coal company.

PEROXYCHEM: $345 million credit facilities; Barclays; $30 million revolver; $315 million first-lien term B; fund a dividend to shareholders and repay existing debt; Philadelphia-based supplier of peroxygen and adjacent chemistries.

REECE GROUP: $95 million add-on term loan talked at Libor plus 200 bps, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; JPMorgan; help fund acquisition of Todd Pipe & Supply LLC; Australia-based provider of plumbing, HVAC and waterworks products.

SENSATA TECHNOLOGIES INC.: $913 million seven-year covenant-lite senior secured term B (Baa3/BBB-) talked at Libor plus 175 bps, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; Morgan Stanley, Goldman Sachs, Barclays, BofA Securities, Mizuho and RBC; amendment and extension; producer of sensors and controls for manufacturers in the automotive, appliance, aircraft, industrial and HVAC markets.

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.

VIGOR INDUSTRIAL/MHI HOLDINGS: $500 million seven-year term B (B2/B) talked at Libor plus 475 bps, OID 99, 101 soft call for six months; BofA Securities, BNP Paribas, Credit Suisse, Citizens and Mizuho; help fund the buyout and merger of Vigor and MHI by Carlyle Group and Stellex Capital Management; provider of critical ship repair services and commercial and defense-related fabrication services.

WAYSTAR: $825 million seven-year first-lien term loan (B-) talked at Libor plus 425 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; JPMorgan; help fund buyout by EQT VIII Fund and Canada Pension Plan Investment Board from Bain Capital Private Equity; provider of revenue cycle technology.

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.

On The Horizon

API GROUP CORP.: $1.38 billion credit facilities; Citigroup, BofA Securities, Barclays and UBS; $300 million revolver; $1.08 billion term B; help fund acquisition of APi Group Inc. by J2 Acquisition Ltd.; New Brighton, Minn., provider of commercial life safety solutions and industrial specialty services.

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.

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.

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), 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.

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.: $1.773 billion senior secured credit facilities; JPMorgan, BofA Securities, Barclays, TD Securities, Jefferies, RBC, Scotia and UBS; $335 million five-year revolver; $1.438 billion seven-year term loan; 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; 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.

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.

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, health care staffing company.

MONOTYPE IMAGING HOLDINGS INC.: $625 million senior secured credit facilities; Deutsche Bank, Antares and Macquarie; $50 million revolver; $440 million first-lien term loan; $135 million second-lien term loan; 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.

PATRIOT RAIL & PORTS: $325 million credit facilities; RBC and Barclays; $40 million revolver; $285 million term B; help fund buyout by First State Investments; Jacksonville, Fla., owner of a portfolio of short-line railroads, port terminals and related infrastructure assets.

PRESIDIO INC.: New debt financing; Citigroup, JPMorgan and RBC; help fund buyout by BC Partners; New York-based IT solutions provider.

SIMPLY GOOD FOODS CO.: New debt financing; Barclays, Credit Suisse and Goldman Sachs; help fund acquisition of Quest Nutrition LLC; Denver-based developer, marketer and seller of nutritional foods and snacking products.

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, JPMorgan, SunTrust and Wells Fargo; $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.

SYNCSORT: New debt financing; Jefferies, Credit Suisse, Golub and Antares; help fund acquisition of Pitney Bowes’ software solutions business; Pearl River, N.Y., enterprise software provider.

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.: $1.175 billion senior secured credit facilities; BofA Securities; a $375 million asset-based revolver; $800 million term loan; help fund buyout by Platinum Equity and combination with Pattonair; Valencia, Calif., 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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