Bank Loan Calendar: $6.136 billion deals being marketed

Upcoming Closings

ATLAS TECHNICAL CONSULTANTS INC.: $321 million credit facilities (B3/B); Macquarie and Natixis; $40 million revolver; $281 million seven-year term B talked at Libor plus 475 bps to 500 bps, OID 99; support already completed acquisition by Boxwood Merger Corp., fund an acquisition and refinance existing debt; Austin, Tex., provider of professional testing, inspection, engineering and consulting services.

CAPSTONE LOGISTICS ACQUISITION INC.: $340 million 5.5-year first-lien term B (B3/B-) at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; Credit Suisse; refinance existing debt; Peachtree Corners, Ga., third party logistics company.

GENESISCARE: Roughly $1 billion equivalent U.S., euro and Australian term B (B); KKR (left on U.S.), Morgan Stanley (left on euro), Jefferies, BofA Securities and HSBC; $350 million term loan at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call; €500 million term loan at Euribor plus 475 bps, 0% floor, OID 99, 101 soft call; A$150 million term loan; help fund acquisition of 21st Century Oncology; Australian cancer and cardiac care company.

INNOVATIVE XCESSORIES & SERVICES LLC: $695 million credit facilities; UBS and Jefferies; $75 million ABL revolver; $620 million seven-year term loan (B2/B) at Libor plus 500 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Clearlake Capital Group LP from Olympus Partners; Windsor, Ont., provider of coating solutions and vehicle upfit services to the automotive aftermarket and diversified industrial end markets.

KISSNER GROUP HOLDINGS LP: Expected closing March 12; $1.225 billion senior secured credit facilities; Morgan Stanley; $125 million revolver (B3/B); $900 million seven-year covenant-lite first-lien term B (B3/B) at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call; $200 million privately placed second-lien term loan; help fund acquisition by Stone Canyon Industries Holdings LLC from Metalmark Capital Holdings LLC and Silvertree-KMC II LP; Overland Park, Kan., pure-play producer and supplier of salt.

KYMERA INTERNATIONAL: Expected closing March 16 week; $185 million incremental first-lien term loan (B2/B) due October 2025 at Libor plus 550 bps, 0% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs, HSBC, KeyBanc and M&T; fund the acquisition of Reading Alloys and add cash to the balance sheet for permitted acquisitions and investments; Research Triangle Park, N.C., specialty materials company focused on the copper and aluminum metal powder industry.

OPEN LENDING LLC: $225 million seven-year term B at Libor plus 600 bps, 0% Libor floor, OID 98, 101 soft call for six months; UBS; dividend recapitalization; Austin, Texas, provider of lending enablement and risk analytics solutions to financial institutions.

SCIENCE APPLICATIONS INTERNATIONAL CORP.: $600 million seven-year incremental senior secured covenant-lite term loan B (Ba1/BB+) at Libor plus 225 bps, 0% Libor floor, OID 99, 101 soft call for six months; Citigroup, BofA Securities, MUFG, PNC, SunTrust, U.S. Bank and Wells Fargo; help fund acquisition of Unisys Federal; Reston, Va., technology integrator.

SERVICE LOGIC: $140 million of incremental bank debt; Antares; $40 million term loan talked at Libor plus 425 bps, 25 bps step-down at 3.75x net first-lien leverage and 25 bps step-down at 3.25x net first-lien leverage, 1% Libor floor, OID 99; $100 million delayed-draw term loan talked at Libor plus 425 bps, 25 bps step-down at 3.75x net first-lien leverage and 25 bps step-down at 3.25x net first-lien leverage, 1% Libor floor, OID 99; fund acquisitions; Charlotte, N.C., provider of aftermarket maintenance, repair and replacement services for commercial HVAC equipment, chilled water systems and building automation and controls systems.

SNAPAV: $390 million of term loans; UBS, SunTrust and BMO; $290 million incremental first-lien term loan (B2) due August 2024 talked at Libor plus 475 bps, OID 95 to 96, 101 soft call until July 31; $100 million second-lien term loan; replace a term loan that was not syndicated but funded to help finance the acquisition of Control4 Corp.; Charlotte, N.C., manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators.

SUNDYNE (STAR US BIDCO LLC): Expected closing mid-to-late March; $635 million senior secured credit facilities (B2/B); Morgan Stanley; $100 million five-year revolver; $535 million seven-year covenant-lite first-lien term B at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call; help fund buyout by Warburg Pincus from BC Partners Advisors LP and the Carlyle Group; Arvada, Colo., designer and manufacturer of mission critical flow control equipment.

TATA CHEMICALS NORTH AMERICA INC.: $380 million term loan (Ba3/BB) talked at Libor plus 375 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; JPMorgan; repay an existing term loan and bridge loan; Sandy, Utah, producer of soda ash.

On The Horizon

AVI-SPL: $370 million seven-year covenant-lite term B (B2/B); BofA Securities, Barclays, Guggenheim, KKR and Macquarie; help fund merger with Whitlock; Tampa, Fla.-based digital workplace services provider.

CHAMPIONX: Roughly $537 million term loan; Bank of America; fund a cash payment to Ecolab Inc. in connection with sale to Apergy Corp. by Ecolab; upstream energy business.

C.J. FOODS INC.: $285 million term B (B2/B-); Citizens; help fund acquisition of American Nutrition Inc.; Kansas-based manufacturer of pet food.

CORNERSTONE ONDEMAND INC.: $1.135 billion senior secured credit facilities; Morgan Stanley, Credit Suisse, BofA Securities, Deutsche Bank and Jefferies; $150 million five-year revolver expected at Libor plus 325 bps, 25 bps step-down at first-lien net leverage of 3x and 25 bps step-down at first-lien net leverage of 2.5x, 0% Libor floor; $985 million seven-year covenant-lite first-lien term B expected at Libor plus 350 bps, 25 bps step-down at first-lien net leverage of 2.75x, 0% Libor floor, 101 soft call for six months; help fund acquisition of Saba; Santa Monica, Calif., people development company.

CULLIGAN: $500 million senior secured term loan; Morgan Stanley, Ares, PSP, RBC, BofA Securities, Credit Suisse, BMO and Golub; help fund acquisition of AquaVenture Holdings Ltd.; Rosemont, Ill., provider of sustainable water solutions and services.

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.

HARSCO CORP.: New debt financing; help fund acquisition of the Stericycle Environmental Solutions business (ESOL) from Stericycle Inc.; Camp Hill, Pa., provider of environmental solutions for industrial and specialty waste streams and innovative technologies for the rail sector.

INSTRUCTURE: $825 million senior secured credit facilities; Golub and Owl Rock; $50 million six-year revolver expected at Libor plus 700 bps, 1% Libor floor; $775 million six-year term loan expected at Libor plus 700 bps, 1% Libor floor, call protection 103, 101.5, 100.75; help fund buyout by Thoma Bravo; Salt Lake City-based provider of products that simplify learning and personal development, facilitate meaningful relationships, and inspire people to go further in their educations and careers.

KNOWLTON DEVELOPMENT CORP. (KDC/ONE): New U.S. and euro debt financing; UBS and Jefferies; help fund acquisition of Zobele Group; Longueuil, Quebec, manufacturer and custom formulator of beauty, personal care and household products.

LOGMEIN INC.: $3.55 billion credit facilities; Barclays, RBC, Deutsche Bank, Jefferies and Mizuho; $250 million revolver; $2.7 billion first-lien term loan; $600 million second-lien term loan; help fund buyout by Francisco Partners and Elliott Management Corp.; Boston-based provider of cloud-based connectivity.

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.

RSA: $1.425 billion credit facilities; UBS, Jefferies, Barclays and Deutsche Bank; $75 million revolver; $1 billion first-lien term loan; $350 million second-lien term loan; help fund buyout by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners from Dell Technologies; provider of digital risk solutions including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.

SILGAN HOLDINGS INC.: $900 million delayed-draw term loan; fund acquisition of Albea Beauty Holdings SA’s dispensing business; Stamford, Conn., producer of rigid packaging for consumer goods.

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.

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; Credit Suisse, Barclays, 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.

US FOODS HOLDING CORP.: $700 million seven-year senior secured incremental term loan; Citigroup and BofA Securities; help fund acquisition of Smart Foodservice Warehouse Stores; Rosemont, Ill., foodservice distributor.

WESCO INTERNATIONAL INC.: $1.2 billion senior secured asset-based revolver; Barclays; help fund acquisition of Anixter International; Pittsburgh-based distributor and provider of supply chain management services to the aerospace industry.

WEX INC.: $1.052 billion seven-year term B expected at Libor plus 250 bps, 101 soft call for six months; BofA Securities, Citizens, MUFG, SunTrust, Wells Fargo, BMO, Santander, KeyBanc, Regions, Deutsche Bank and Fifth Third; help fund acquisition of eNett and Optal; South Portland, Maine, provider of corporate payment solutions.

WHOLE EARTH BRANDS (ACT II GLOBAL ACQUISITION CORP.): $235 million five-year credit facilities; TD Bank; $50 million revolver expected at Libor plus 275 bps; $185 million term A expected at Libor plus 275 bps; help fund formation through acquisition of Merisant Co. and MAFCO Worldwide LLC by Act II from MacAndrews & Forbes Inc.; platform of branded products and ingredients focused on the consumer transition towards Natural alternatives and clean label products.

XPERI CORP.: $1.1 billion seven-year senior secured covenant-lite term B expected at Libor plus 250 bps if corporate ratings are at least Ba3/BB- and Libor plus 275 bps if corporate ratings are lower than Ba3/BB-, 0% Libor floor, 101 soft call for six months; BofA Securities, RBC and Barclays; refinance debt in connection with merger with TiVo Corp.; San Jose, Calif., licenser of technologies and intellectual property.

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