Bank Loan Calendar: $12.845 billion deals being marketed

June Bank Meetings

PATHWAY VET ALLIANCE LLC: Lender call June 15; $1.28 billion credit facilities; Jefferies, BofA Securities, Ares, Golub and Nomura; $80 million revolver due March 2025; $945 million senior secured first-lien term loan (including delayed-draw piece) due March 2027; $255 million privately placed senior secured second-lien term loan due March 2028; fund recently completed acquisition by TSG Consumer Partners from Morgan Stanley Capital Partners; veterinary management group.

RSA: Lender call June 17; $1.425 billion credit facilities; UBS, Jefferies, Barclays and Deutsche Bank; $75 million revolver; $1 billion seven-year covenant-lite first-lien term loan; $350 million pre-placed 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.

TECH DATA: Lender call June 15; new loan; Citigroup, JPMorgan, Wells Fargo, Barclays and RBC; help fund buyout by Apollo Global Management Inc.; Clearwater, Fla., distributor of IT products.

ULTIMATE SOFTWARE GROUP INC.: Lender call June 16; $3.3 billion of term loans; Credit Suisse (left on first-lien) and Nomura (left on second-lien); $2.6 billion incremental covenant-lite first-lien term B due May 2026; $700 million covenant-lite second-lien term loan due May 2027; refinance debt at Kronos Inc.; Weston, Fla. and Lowell, Mass.-based provider of cloud human capital management and employee experience solutions.

Upcoming Closings

AVI-SPL: $370 million term B talked at Libor plus 525 bps, 1% Libor floor, OID 94 area, 101 soft call; BofA Securities, Barclays, Guggenheim, KKR and Macquarie; fund already completed merger with Whitlock; Tampa, Fla., digital workplace services provider.

HAMILTON PROJECTS ACQUIROR LLC: Expected closing June 17; $1.015 billion senior secured credit facilities (B1/BB-); Morgan Stanley, BNP Paribas and Credit Suisse; $115 million five-year revolver; $900 million seven-year first-lien term B at Libor plus 475 bps, 1% Libor floor, OID 97, 101 soft call; fund acquisition of Liberty Energy Center and Patriot Energy Center by Carlyle Power Partners and EIG Management Co.; natural gas-fired combined cycle gas power plants.

HELPSYSTEMS (HS PURCHASER LLC): $130 million incremental first-lien term loan due November 2026 talked at Libor plus 475 bps, 1% Libor floor, OID 98.56, 101 soft call; Jefferies; fund two acquisitions and fund cash to the balance sheet; Eden Prairie, Minn., provider of IT operations management and monitoring, cybersecurity, and business intelligence software.

INTELSAT JACKSON HOLDINGS SA: $1 billion super priority secured covenant-lite debtor-in-possession term loan (including $500 million delayed-draw) due July 13, 2021 talked at Libor plus 550 bps, 1% Libor floor, OID 98.5; Credit Suisse; DIP financing; Luxembourg City, Luxembourg, satellite telecommunications company.

JETBLUE AIRWAYS CORP.: $750 million four-year first-lien term B (Ba2/B+/BBB-) at Libor plus 525 bps, 1% Libor floor, OID 97, non-call one, with a make-whole at T+50 bps, then 102; Barclays, BNP Paribas, Goldman Sachs and Morgan Stanley; general corporate purposes; Long Island City, N.Y., provider of passenger air transportation services.

LUMMUS TECHNOLOGY (ILLUMINATE BUYER LLC): $1.375 billion credit facilities (B1/B+); Credit Suisse, Macquarie, RBC, Societe Generale, UBS and SunTrust; $175 million revolver; $150 million letter of credit facility; $1.05 billion seven-year covenant-lite first-lien term loan talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 97, 101 soft call for six months; help fund acquisition by the Chatterjee Group and Rhône Capital from McDermott International Inc.; developer and licensor of mission essential technologies for the refining and petrochemical industries, and a supplier of catalysts and proprietary equipment.

MOHEGAN TRIBAL GAMING AUTHORITY: $100 million first-lien term loan (Caa1) due October 2021 talked at Libor plus 1,200 bps, 1% Libor floor, OID 97, non-call nine months, then 50% of the coupon for three months, then at 25% of the coupon for three months; Credit Suisse and Citizens; refinance revolver borrowings and general corporate purposes; Uncasville, Conn., operator of gaming and entertainment enterprises.

ONEDIGITAL: $100 million of term loan debt (B); Golub; $75 million incremental first-lien term loan talked at Libor plus 475 bps, 1% Libor floor, OID 97 to 98, 101 soft call; $25 million privately placed first-lien delayed-draw term loan; fund upcoming acquisitions; Atlanta-based employee benefits insurance broker.

UNIVISION COMMUNICATIONS INC.: $2 billion amended and extended first-lien term B (B2/B) due March 2026 talked at Libor plus 375 bps, 1% Libor floor, OID/extension fee 98 to 98.5, 101 soft call; Goldman Sachs and Deutsche Bank; extend existing term loan maturity date; New York-based Spanish language TV and radio broadcaster.

VENTIA FINCO PTY LTD.: Roughly A$525 million equivalent U.S. and Australian dollar incremental senior secured term loan due May 21, 2026, U.S. at Libor plus 400 bps, 1% Libor floor, OID 97.5, 101 soft call; Barclays, Citigroup, Credit Suisse, JPMorgan and UBS; fund acquisition of Broadspectrum; provider of industrial and civil services to clients in Australia and New Zealand.

XPLORNET COMMUNICATIONS INC.: C$1.425 billion equivalent credit facilities (B3/B-); Credit Suisse, Barclays, BMO and Natixis; C$150 million revolver; C$1.275 billion U.S. dollar equivalent ($932 million) seven-year covenant-lite first-lien term loan at Libor plus 475 bps, 0% Libor floor, OID 95, 101 soft call; help fund the acquisition of the company by Stonepeak Infrastructure Partners; Woodstock, New Brunswick, broadband service provider.

On The Horizon

CINCINNATI BELL INC.: $1.6 billion senior secured credit facilities; Goldman Sachs, Regions Capital and Societe Generale; $250 million revolver; $1.35 billion of term loans; help fund acquisition by Macquarie Infrastructure Partners; Cincinnati-based provider of integrated communications solutions.

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.

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.

MILANO ACQUISITION CORP. (U.S. STATE AND LOCAL HEALTH AND HUMAN SERVICES): New debt financing; JPMorgan; help fund buyout by Veritas Capital from DXC Technology; end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs.

RADIO SYSTEMS CORP.: New debt financing; UBS, Fifth Third, BMO and BNP Paribas; $100 million ABL facility; also $625 million senior secured bridge loan; help fund buyout by Clayton, Dubilier & Rice; Knoxville, Tenn., designer and distributor of pet health and safety products.

WESCO INTERNATIONAL INC.: $1.1 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.

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.

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